Listings on ForSaleByOwner.com are up 14 percent in the past year, General Manager Eddie Tyner tells CNNMoney’s Les Christie.
“Historically, for-sale-by-owner (deals) ebb and flow with the economy,” says iGOfsbo.com developer Donald Van Dyne. “People use it when there’s a hot market, when it’s easier to sell their homes.”
A review of FSBO vs. agent-represented listings in the nation’s five most populous states posted on Zillow.com suggests that for now, buyers are still much more likely to go with an agent.
Agent represented vs. FSBO listings in 5 most populous states
|State||Agent-represented listings||FSBO listings||Agent:FSBO ratio (on Zillow.com)|
Sources: money.cnn.com and zillow.com