‘For Sale by Owner’ Becoming a Far More Popular Choice

A new CNN Money report reveals that more homeowners are hoping to save thousands of dollars in commissions by selling without a broker. They increasingly are turning to websites like Zillow to obtain comparable sales prices and post listings, and they believe that even if they must accept a price reduction, they still come out ahead in terms of cost savings. A Stanford University study indicates that sellers pocketed 5.9 percent to 7.7 percent less when selling with a broker, but the National Association of Realtors disagrees with the findings and insists that agents can help sellers fetch higher prices. | Read More