According to the newly released National Association of Realtors®' annual Profile of Home Buyers and Sellers, for-sale-by-owner transactions remained at an all-time low of 8 percent for the second year in a row. Given the strength of the market, we frequently hear people think there is no need for Realtors. Of course, we know that getting the best price, strongest buyer and managing all the other aspects of the transaction go beyond what you can find on Zillow!
Now that the data is in, nearly 90% of the participants surveyed who purchased or sold a home between July 2015 and June 2016 worked with a real estate agent. Additionally, while the recent years’ low inventory in relation to demand have put many sellers in the driver's seat, they're still looking for a full-service real estate agent to price their home competitively, market their home to the widest audience possible and close the deal within a given timeframe, rather than a more limited set provided by what is often referred to as a “discount broker”.
This year's survey also proved that despite a record-high 51& of buyers saying they found the home they purchased online, 90% of buyers who used the internet still ended up purchasing their home through an agent.
With real estate purchases being one of the biggest financial transactions you'll experience in your lifetime, why not let a professional that has years of experience and knowledge help you? Contact me if you're thinking about buying or selling your home.