For Sale By Owner Homes
Why pay to list your home on another for-sale-by-owner website? You can list your For Sale By Owner home on this website with 12 photos for free! Just follow our simple step-by-step instructions. When you're done, you'll be able to direct buyers to your listing with a simple web address. That address will be our domain name plus your listing number. For example: forsalebyownerhomes.com/1858 Use that link in your ads, flyers, sign, or link from another webpage. Click Here for Details
For Sale By Owner Homes in MLS
List your For Sale By Owner home in MLS for a flat listing fee as low as $299 instead of paying a Realtor 6%. Get the same MLS listing, in the same Realtor's MLS with all the other MLS listed homes, but without the 6% commission.
More and more For Sale By Owners are learning about this method of getting listed in MLS and are saving thousands in commissions. The internet is changing how homes are marketed and sold, and For Sale By Owner home sellers are gaining the upper hand.
Realtor MLS listing with the savings of selling "For Sale By Owner"
Regardless what you would pay a 6% real estate agent, your listing will still be in the same MLS. Anything else a 6% agent would do for you, we can do, or you can do yourself. For example, it doesn't take a genius to hold an Open House, make a flyer, or talk to buyers. In fact, most For Sale By Owner sellers do a better job at most of these things than Realtors anyway.
When you list your For Sale By Owner home in MLS through us, you are guaranteed to get additional exposure on national websites as well. These include realtor.com, yahoo.com, excite.com, remax.com, kw.com, msn.com, prudential.com, homegain.com, realestate.com, homeseekers.com. Many 6% Realtors intentionally exclude listings from these national websites because it might hurt their chances of making a full commission.
For Sale By Owner MLS Savings
Here's the simple math of when you list your For Sale By Owner home through us versus a 6% agent. Let's assume your home sells for $500,000. Here are the 3 possibilities:
- If you list with a 6% agent, you pay a $30,000 commission, even if the agent didn't do anything and you sold the house yourself.
- If you list with us, and an agent brings sells your home, you pay our listing fee plus the commission to that agent only. Assuming our listing fee of $349, and that you decided on 3% to the buyer's agent, you pay $349 plus $15,000. Your total savings is $14,651.
- If you list with us and the buyer doesn't have an agent, you only pay our listing fee, and zero commission. Total savings is $29,651!
For Sale By Owner MLS Listing services – Why we are the best!
- This website is owned by a large real estate company that has been helping For Sale By Owner sellers save real estate commissions for over 8 years. You don't have to worry about us going out of business during your listing term.
- We answer our phone! That may not sound like much, but many online companies can only be reached by email or voicemail. Some can't be reached at all!
- No company has a higher client satisfaction rate, and we are a member of the Better Business Bureau.
- There are no hidden fees. Included and optional services are stated on our website.
- We have the best agents and brokers across the country. Most of our brokers have been doing our listings for many years and are well established.
- Our brokers will refer buyer calls directly to you. Other companies will try to make the buyer agent commission every time a buyer calls them about your property. Calls are referred to you so you can AVOID the commission, which is the whole point of this program.
- You get a FREE listing on this website. Click Here for Details
Steps to List Your For Sale By Owner home in MLS
- Select your State on our Map
- Review services offered and click on "Place Order"
- Enter order information and property address
- A receipt for your online payment will be emailed to you
- Later that day or the next business morning you will receive an email with instructions and information we need from you to enter your listing in MLS. Call us if you do not get this email within 24 hours after you place your order.
- From this point forward, the broker assigned to your listing will be your primary point of contact.
- Once you submit the required information, your property will get listed in MLS, usually no later than the next business day.
- It will take one to five days for your listing to appear in Realtor.com and other websites after it is entered in MLS. How soon depends on how often and when the MLS feeds their data to the various websites.
Why a For Sale By Owner MLS Listing is better than listing with a 6% Realtor
Your For Sale By Owner home is listed in the same local MLS for a low Flat Fee that other sellers are paying a 6% commission for. You have the ability to avoid commissions completely if you find a buyer without an agent. A typical 6% listing contract obligates you to pay the full 6%, even if you find a buyer on your own.
Typical 6% Realtors use your home to generate business for themselves. They will hold an open house to get more listings and meet buyers who may become their clients. It is a fact that the first people to attend an open house are neighbors thinking about listing their house. Buyers are usually in the initial stages of looking and are not ready to buy, and are not committed to an agent yet. That's why neighbors and future buyers are great prospects for agents, but of little value to you.
It is quite common for buyers who call a real estate office to be steered to another house. The agent answering the phone handles the caller as a prospective client, not a buyer for your house. Most sellers never call the phone number on the real estate company's sign pretending to be a buyer. If they did, most would be in for a shock. Under the For Sale By Owner Homes program, all buyer calls are directed to you.
More "For Sale By Owner" MLS advantages
If you list your home under a standard 6% listing contract, you pay the entire 6%, regardless of who procured a buyer. Even if your friend buys your home, the Realtor gets 6%. It doesn't matter if the Realtor did nothing (except maybe put his sign in the yard, hold an open house, and enter the property in MLS).
If you actually read the typical 6% listing contract (which most people don't), and understand it, you would know how ridiculously one-sided it is. You as the seller have all kinds of obligations, but the agent isn't obligated to do much of anything.
Some typical clauses: If you want to cancel your listing early to list with another agent, you owe the entire commission. If you lease your home during the listing term, even if it's to your grandmother – you owe the entire commission.
When you list your home with our For Sale By Owner MLS program, you are in control and can cancel any time.
Why having your For Sale By Owner home in MLS is vital
MLS stands for "Multiple Listing Service", and over 95% of all properties sold in the US are as a result of MLS listing exposure. When people refer to a property being "on the market", they mean it is listed in MLS.
Almost all buyers who are browsing for homes online are browsing one of the thousands of websites that display MLS listings. Buyers like choose from lists of multiple properties, and they like to compare. There is no database of homes online that's bigger than MLS. That's the reason MLS listed homes will sell for the most money in the shortest time possible.
If you want to sell your home as a for sale by owner because you want to maintain control and save commissions, you can do that and still have the exposure of MLS.
More about the "MLS"
There are three common misconceptions about MLS. The first is that it is one huge national database. There are actually over a thousand individual local MLSs across the country. A Realtor has to join the local MLS to have access to the information in that MLS. Being a member of one MLS doesn't automatically provide a Realtor access to other MLSs. Each local MLS periodically feeds their data to Realtor.com and thousands of other public websites.
The second misconception is that anybody can look at the MLS listing online. Actually, there is a lot of information that only local agents can see in the listing that is not available for public view. For example, commission rate offered to a buyer's agent and seller phone numbers can only be seen by agents, and are not displayed on public websites like Realtor.com.
The third most common misconception is that you don't need an agent to get on MLS, and that it is like placing an ad in the newspaper. Actually the MLS was created by agents to share their listings to make a more efficient system for buyers and sellers. Only a licensed agent can list your home in MLS. When you list you home for a flat fee with our For Sale By Owner Homes MLS system, you will be listed by a licensed agent who is a member of your local MLS.
For Sale By Owner MLS recommended commissions
The listing commission is eliminated when you list your For Sale By Owner home with us. You still need to offer a commission to other agents to encourage them to bring you their buyers. The amount you offer is up to you. We recommend that you offer the commission that the local agents would be getting with competing homes in your area.
The optimum commission to offer varies from 2% to 3%, depending on the local market and the home value. In California, where prices average $800,000, a commission of 2% to 2.5% is common. In Texas, where an average home is $200,000, agents will try to avoid showing your home if you only offer 2%.
Before ever offering more than 3%, reduce the price instead. The lower the price, the more likely it will be selected by buyers who are browsing online. All you want is for the agent to show it; the buyer decides what house they want to make an offer on.
Some startling facts about Realtors
The median income of the million plus real estate agents in this country is over $50,000 per year. Only 12% of their work time is spent on serving their clients. The rest of their time is spent on prospecting for new clients.
The typical home seller has to work 10 times as many hours as the Realtor to make the same amount of money the Realtor makes on the commission.
One of the nation's top anti-trust lawyers wrote a complete report for the Dept of Justice about these kinds things that the 6% Realtors wouldn't want you to know Read complete report