Comments on: How to FSBO in NYC Rethinking Real Estate Sun, 23 Sep 2012 00:23:11 +0000 hourly 1 By: Saving Money By Reducing Your Real Estate Broker Commission | RealDirect Wed, 20 Jul 2011 13:54:57 +0000 […] According to 2008 data from the California Association of Realtors, sellers indicated that on a scale of one to five (five being most satisfied), their level of satisfaction with “value received for what you paid your real estate agent” was only 2.6. This indicates a sizable price/value discrepancy. So if sellers feel that real estate agents aren’t providing a valuable service, why do they continue to pay the 6% commission? In this same study, 45% of homeowners said they were inclined to try offering their property For Sale By Owner, however, only 9% actually followed through. Why the resistance? Sellers cited a belief that agents control most of the buyers, and that agents can get a higher sale price as reasons for choosing to go with a broker as opposed to selling by owner. Other barriers to selling by owner include pricing a property wrong and lack of listing exposure. […]