what is the value of my house? - Zillow Real Estate Advice

Not only is it "false" that 90% of homes are sold by Realtors, NAR has been intentionally lying about it for decades.? If what NAR stated on the issue were true, then over 100% of homes sold in the U.S. started as FSBO first!? And the MLS doesn't include all transactions in the area, they exclude Realtor Exclusives, probate, auction, family transfers, and numerous others.? The only reason info on properties is wrong on Zillow is because 1) Owners & agents (including Realtors) post it "wrong" and don't bother to fix it, and 2) When Realtors see wrong data they don't bother to flag it to have it fixed because they "enjoy" people having wrong data.

As for liability?? Realtors have almost "none".? That is why their Errors and Omissions insurance costs next to nothing compared to other licensed professions.? Even when the Realtor is 100% "at fault", the insurance doesn't pay out any claims.

And asking about a value has NOTHING to do with stating that one "wants to sell"!

If one really wanted statistics on FSBO, they should read the HUD 2008 Study on FHA financed homes... HUD has the data on FSBO as agent fees are required on the mandated HUD1 form.? NAR does not have the data.

So what does the data really show?
approximately:
1/5 of homes sold each year that are not in the "jumbo" loan range are sold FSBO, excluding those that paid for a MLS listing and those that paid buyer agent commissions.
1/4 to 1/3 of homes sold each year are sold FSBO when including those that paid for a MLS listing, or those that paid buyer agent commissions.
1/3 of sellers paid combined realty fees of approximately 5.5%
Less than 1/5 of sellers paid combined realty fees of nominally 6% or more.
about 1/5 of sellers paid combined realty fees in the 3.5% to 5% range.

The HUD study states that "Realty fees are well characterized as $970 plus 4.5% of house value".

And if one is interested in doing a FSBO, rather than paying attention to PROPAGANDA? of people "begging for a commission", one really should read the blog:
Thinking about selling as FSBO?

Source: http://www.zillow.com/advice-thread/what-is-the-value-of-my-house/476865/

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