Wednesday, January 24, 2007


NAR reports a drop in the number of for-sale-by-owner (FSBO)
transactions to 12 percent of all sales today from 18 percent in 1997.

NAR spokesman Walter Molony says property owners believe agents
are better equipped to achieve fast sales at top dollar in a slow market,
adding that the median price for agent-assisted transactions was about
16 percent higher than FSBO sales last year.

Molony notes that agents
orchestrate showings, handle paperwork and identify serious buyers
for sellers – who often lack the time or experience necessary to
complete such tasks.

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