Archive for September, 2008

Where have all of the FSBO’s gone?

September 25, 2008

I have been tracking For Sale By Owner properties one way or another for the past 8 years.  Recently, I’ve noticed that FSBO listings have substantially dropped off.  For example, in May of 2007 my company, FSBO Leader (www.fsboleader.com), found over 50,000 new FSBO listings.  Compare that total with August of 2008 when we only found about 13,000 new FSBO listings. 

Where have all of the FSBO’s gone?  In this down market, it’s obvious where they all went.  In this market even FSBO property owners have decided not to sell.  I see this as good news for the industry as a whole.  Those FSBO’s who are still trying to sell in this market are the ones that must sell so buyers should be able to find great deals on those properties.  In addition, the FSBO’s who haven’t sold will be more inclined to list after giving it a try on their own for a few weeks, which is good news for real estate agents.

Yes, there are fewer FSBO’s on the market now, but we have found that they are serious about selling.

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