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11.19.09 - For Sale By Owner success at record low

NAR released its 2009 Profile of Home Buyers and Sellers last week at the 2009 Conference & Expo in San Diego. Among the key findings - The difficulty of for‐sale‐by‐owner transactions increased with challenging market conditions over the past year. The level of FSBOs was a record low 11 percent, down from 13 percent in 2008. The share of homes sold without professional representation has trended down since reaching a cyclical peak of 18 percent in 1997. The most difficult tasks reported by unrepresented sellers are preparing and fixing the home for sale, getting the right price, understanding and performing paperwork, and selling within the planned length of time. For the full text of the article, please visit the link below: