How well does selling a house by owner really work?

How well does selling a house by owner really work?
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Answer :

We have had my mom’s house up for sale by owner and have advertised on that site for 2 months now. I’ve had 170 people that have looked at the ad so far and about 12 people have looked at it. We have not sold it yet and I’m not sure how to judge how much or how little a real estate agent would push it. I do know that the three houses I have bought over the years, I have used a real estate agent, but I have done all the foot work, looked at the real estate magazines and pictures on the internet and found my own houses.
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