Home Sellers Fare Better in Getting Their Homes Sold Using a REALTOR®, According to HomeGain Survey

Home Sellers Fare Better in Getting Their Homes Sold Using a REALTOR®, According to HomeGain Survey

Posted By susanne On February 24, 2011 @ 4:51 pm In Consumer News and Advice,Real Estate,Real Estate Information,Real Estate News,Real Estate Trends,Today's Marketplace|

RISMEDIA, February 25, 2011—HomeGain.com, a leading online real estate resource that connects home buyers and sellers with real estate professionals, announced the results of its For Sale By Owner (FSBO) vs. REALTOR® survey. HomeGain surveyed over 1,000 homeowners asking whether they used a REALTOR® to sell their home or whether they attempted to sell it themselves. Eighty-three percent said they used a REALTOR® to sell their home and 17% said they tried to sell their home on their own.

Fifty-nine percent of homeowners that used a REALTOR® to sell their home were successful vs. 39% of FSBO’s, reflecting a 50% higher closing rate for those home sellers using a REALTOR®.

Eighty-one percent of homeowners that used a REALTOR® to try and sell their homes said they would use a REALTOR® again for their real estate needs.

Eighty-eight percent of homeowners who sold their homes using a REALTOR® said they would use a REALTOR® again.

Seventy-one percent of FSBOs who managed to sell their homes on their own said they would try and sell their home on their own again.

“It is especially striking that homeowners fare significantly better in selling their homes using a REALTOR® than selling on their own,” said Louis Cammarosano, General Manager of HomeGain. “Due to that relative success, the level of satisfaction in the home selling process is also higher for home sellers utilizing the services of a REALTOR® than those who try to sell their homes on their own.”

The survey also pointed out that 24% of FSBOs eventually enlisted the aid of a REALTOR® to help sell their homes.