Profile picture for user9089608

How do you tell which home sales were by the owner, versus by a real estate agent?

I'm asking the question because I was wondering if I could detect a statistical bias in the sales prices of single-family homes, depending on whether the homes were sold by the owner or by a professional real estate agent.  Thanks.

  • January 11 2013 - Telegraph Hill
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Answers (10)

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Profile picture for wetdawgs
You can check the price history table on Zillow to see the listing source. 
  • January 11 2013
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Profile picture for Ana Ma

I understand you're interest in wanting to find a statistical difference in home sales between FSBOs and REALTORS, but why spend the energy doing so when the work has already been done for you?  I recommend visiting the National Association of Realtors and California Association of Realtors webpage to find the difference.  Both Associations conduct an extensive amount of research on home sales and according to data, thecost of selling a home without a REALTOR is upwards of $120K on average. That's a 16% price difference between a home sold by a seller vs. a professional real estate agent. 

The fact that research shows realtors on average make a seller more money is one reason why unrepresented sellers have declined steadily in recent years.  Realtors not only make for a smooth transaction, but they can help price a home accurately and market it successfully using a variety of tools like the internet, print, word of mouth and more

  • January 30 2013
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Profile picture for Carole Tyne
Ask for them to run tax comp on the property which may pull closing that were not sold or purchased though agent.   Though pls note if purchased this way could have been purchase though trustee sale.   Trustee sale is a purchase of a home here the buy does not get to see the interior of the home before buys.   Thus the condition is a crap shoot.
  • January 13 2013
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Profile picture for SoCal Engr
Just as a "hmmm...., but what if.....?"

Even if you do manage to distinguish between the two, how do you anticipate trying to account for non-arms-length transactions in the non-REA category? In other words, non-REA transactions may be "sweetheart deals" between family - in which case they would skew your stats.
  • January 13 2013
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Profile picture for Dunes ..
Most Flat-Fee/Discount also include placing ya on Zillow/other sites as part of the MLS arrangement...so if the FSBO paid a flat fee to Bob at XX Realty be placed on an MLS/Zillow ect. what will the Listing source be?
  • January 12 2013
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Profile picture for wetdawgs
"Public record" shows the sales price and does not distinguish owner vs agent sale.   Go back to the listing itself on another line in the table, not the sales record.   In the example provided, it says "listing removed" and "remax".     Therefore, that was an agent sale.   IF it said "owner" or "owners.com" or "forsalebyowner.com" (or other), it would be a FSBO.

  • January 11 2013
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Profile picture for user9089608
Ah, thanks.  So if I see "Public Record" it means it was sold by the owner and not a real estate agent?  You're very helpful - thanks a bunch.
  • January 11 2013
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Profile picture for wetdawgs
You'll find the price history table on the home details page. This is the page with all the information about the home, including the Zestimate table, graphs, etc.  

To get to the home details page for a specific sold home, you can click on the yellow icon on the map and will see the following:



Click on the blue address and you'll be on the home details page.   Scroll down to the price history table and you'll see that this random example was sold by a Remax agent.



Good luck.
  • January 11 2013
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Profile picture for user9089608

If by "price history table" you mean the list of "recently sold homes" and their details, I don't see the listing source.  Can you provide specifics to tell me where that data is shown on the zillow website?  thanks

  • January 11 2013
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Profile picture for SoCal Engr
You can tell which homes were sold by REAs, because they will have higher sale prices than FSBOs.

You can tell which homes were bought by people who had a REA helping them, as they will have lower sale prices than those who did not use a REA's services.

If you have any doubts about the above, just ask a REA - and they'll confirm whichever side of the transaction is required to get your business.

Paradoxically, both scenarios apparently can occur concurrently - without any need to invoke alternate, parallel universes.

...with apologies to some of the REAs on these forums who I have just painted with an overly broad brush. I just needed to unload some "snarkiness".

    :-)
  • January 11 2013
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