"Of those who skipped an agent, 29% sold by owner and 29% sold to a cash-buying company with iBuyers and flat-fee MLS listings also garnering double-digit shares. Still, the data suggest traditional agents deliver better results. Sellers who used an agent earned an average profit of $138,477, about $6,200 more than those who went it alone. 86% of represented sellers said they were happy with their selling method, compared with 71% of nontraditional sellers, the report said."
"Many sellers forgo agents to avoid commission costs. Yet 85% of those who sold without an agent didn't know the average commission rate of roughly 6%. More than three in four nontraditional sellers (77%) would accept less than asking price on their home to avoid selling with an agent, with 42% saying they'd be willing to lose at least $15,000 on their home, the report said."
Online platforms and alternative routes such as cash buyers, iBuyers, and for-sale-by-owner listings are changing how sellers choose to sell homes. Forty-two percent of sellers reported market conditions influenced their sales method, and many skipped agents: 29% sold by owner and 29% sold to cash-buying companies. Sellers who used agents earned an average profit of $138,477, roughly $6,200 more than unrepresented sellers. Eighty-six percent of represented sellers were happy with their method versus 71% of nontraditional sellers. Many sellers skip agents to avoid commissions but 85% of those who sold without an agent didn't know the average commission is about 6%.
Read at www.housingwire.com
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