You have to keep in mind where this "data" is coming from. The National Association of Realtors (NAR) is the largest trade association and also the biggest government lobbyist in the United States. They have come under extreme fire recently for questionable internal ethics as well as losing a $1.8 BILLION dollar class action lawsuit claiming their practices were unfair to consumers. It is their ultimate mission to support their members (Realtors) and promote the concept that in order to sell a home, you MUST hire a Realtor. Obviously, their numbers and "data" will be tailored to promote their interests. When a mother sells her home to her son for $1.00 without an agent, that technically qualifies as a For Sale By Owner and that $1.00 sale factors nicely into their figures that FSBOs sell for less than agent-listed homes. Take all "data" from the NAR about For Sale By Owner with a HUGE grain of salt!
MoneyWise For Sale By Owner (FSBO) Article 12.05.23
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AuthorField Notes from the FSBO Sherpa. Helping guide motivated, DIY homeowners through the For Sale By Owner journey, one real estate transaction at a time. Archives
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