Do owner’s of expensive homes tend to FSBO?
In Where should you list your home? from TMCnet.com they mention that preliminary research in Madison, Wisconsin indicates that seller’s of higher priced homes tend to gravitate to the FSBOmadison listing service as opposed to the traditional MLS.
“Ortalo-Magne is researching the differences between MLS and FSBOMadison listings. Preliminary findings indicated that owners of expensive homes seem to gravitate toward FSBOMadison, he said.”
If this is true on most FSBO listing sites, then it might actually add credibility to the National Association of Realtors oft-quoted statistics about FSBO housing prices being lower then Realtor/MLS listed homes. Why? Because if pricier homes are being listed on FSBO sites, then the NAR study couldn’t be a result of merely simplifying the numbers to discredit the FSBO market.