A conversation between two professors at Northwestern University in the best way to sell a house, a study conducted by the sellers that have sold between individuals of their own properties get a slightly better price for their homes as the seller was who decided to work with a broker.

The study, led by Igal and Aviv Nevo Hendal, professors of economics at Northwestern University, investigated the sale price of the property owner through FSBOMadison, a successful local private site in Madison, WI sold and the properties of real estate broker who has the land on the local MLS listed sold.

The study of the North West have almost all the houses 1998-2004 sold covered in Madison with the help of the two agents, and found that we have while houses on estate agents were selling more quickly, won the owners have no advantage over the sale price. In fact, the owners were to visit the website listed FSBOMadison rather wider distribution on the sale of a house. After taking into account the savings on the mortgage, taxes and insurance for providers who have worked with brokers, there was virtually no difference in performance. If the broker commission was deducted from the proceeds of the sale came from a private seller from the best.

Homeowners who can afford to be patient with the sale of their house would be advantageous to the pattern of sales between private individuals. As the price of the house is not in danger in a transaction between individuals, the owner can wait until a buyer is to see potentially large savings from not paying a commission for the sale of the house.

Since its founding in 1998 FSBOMadison captured 25 percent of the housing market in Madison. In an article published in The New York Times, has been theorized NWY professors that sellers in the Madison market, choose a conversion to the need for a property to sell quickly approach. When no such need, are a seller, to put on the model of private real estate transactions. Research also shows that multilingual websites are a viable alternative to traditional commission-based real estate sales.

The authors of the study of Northwest were quick to point out that their findings in Madison can not be generalized nationally, but more research is needed to determine whether the seller the same results were 2005 and 2006 after the housing market has slowed down in Madison. The study claims that building societies can offer challenges better prices for sellers and a declining percentage of homeowners choosing to sell their houses by owner.

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