We all know the benefits of using a real estate professional to sell a home, but it appears sellers in the Bay State are catching on. According to a report released last week by ForSaleByOwner.com, FSBO activity in Boston has declined 21 percent since last year. That drop put Boston fourth on the top 10 list of cities with the sharpest FSBO declines.
That’s not surprising considering the median selling price of homes sold by an agent in Massachusetts was 24 percent more than FSBO homes last year, according to the 2006 Massachusetts Profile of Home Buyers and Sellers. Notably, the three most difficult tasks for FSBOs nationally are preparing and fixing up the home for sale; understanding and performing paperwork; and selling within the time planned.
-Greater Boston Real Estate Board
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