For Sale By Owner - No More!

FSBO NO MORE

Home sellers are discovering that they don’t like the waiting game when trying to sell their homes without the assistance of a real estate professional.

In Orlando, for instance, an unprecedented 29 percent of the homes sold in the city -- more than 10,000 properties -- were by unrepresented owners in 2005, according to the Orlando Regional Realtor Association. But that number is expected to drop significantly this year and be more on level with the national average of FSBO sales, which is 13 percent of homes.

The expected drop is attributable to a change from last year's seller's market -- when Orlando was one of the hottest real estate markets in the country -- to more of a buyer's market
so far this year. By January, more than 6,000 homes were listed for sale, about double the number of a year ago. Overall, there are more than 12,000 homes in the metro inventory now. At the highest level last year, only a few thousand were available.