Why is there such a difference?

Marketing Strategy
Average FSBO Sellers
Great Lakes Listings' Clients
Yard Signs Generic signs lack professionalism & durability and do not provide buyers with immediate information. Signs are highly visible & durable and provide buyers with immediate information.
Street Corner Signs Signs don't provide buyers with immediate information, often aren't specific as to the home's location, & can be difficult to read from a distance. Highly visible signs attract more buyers with the 24-Hr Real Estate Hotline & provide buyers with immediate information, including the home's location.
Addressing Buyers' Inquiries 100% of calls are not personally answered & calling times are limited to less than 12 hours. Buyers are encouraged to call
24 hours a day, 7 days a week, and all calls are answered.
Newspaper Advertising High costs discourage many sellers from advertising. Newspaper discounts and the 24-Hr Real Estate Hotline encourage sellers to advertise.
Marketing Flyers Of the few who utilize flyers, many sellers post unprofessional flyers in the wrong places. Professional marketing brochures are available as a fax-on-demand 24 hours a day and are also
on-hand to buyers at open houses & private showings.
Open Houses Many open houses are unadvertisee and lack true prospects. Open houses are advertised and generate more prospects.
Private Showings Showings are often wasted on buyers who aren't interested in a home's basic features. Because buyers know the details of a home and have seen photos, private showings are often limited to truly interested prospects.

Conclusions: By maximizing the effectiveness of all marketing strategies, Great Lakes Listings' clients have a much higher probability of selling "by owner," while the average FSBO seller will most likely list with a realtor.

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*The above information & chart percentage are based on an on-going in-house study, supported by Michigan Real Estae Broker and author of Sell It By Owner & Save, Michael Kloian.