Profile picture for 2911GlacierWay

Can I list my home for sale by owner -on MLS ?

I have my home for sale by owner on Zillow.  Do you have a service where it can be listed on MLS as well ?
  • August 08 2013 - Corvallis
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Answers (16)

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  • August 17
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Profile picture for deedees01
I went through two realtors in a month and half, too many mistakes and found myself doing their work for them! I never even met my second realtor in person! If I'm doing their work, then I'll pay myself by listing my own property! Not rocket science! You can easily hire a real estate lawyer or title company or both, to do all the legal paperwork for you for a few hundred dollars. Big difference from that 6% out of pocket as a seller having to pay for both the selling and buying agents commission. At least there is possible room for negotiation on the buyers realtor and your do to save THOUSANDS selling your home yourself!
  • June 29
  • 2Yes

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Profile picture for wandt lotter
I haven't had good customer support with owners.com. Once we paid the fee, they have taken their sweet time setting up our account and making sure it is updated before sending it off to their MLS representative "Altisource" who suck at customer service. I've been chasing owners.com to get them to move on our listing. So far, it hasn't been worth it. 

 Check out [Website removed by Zillow moderator. See our Good Neighbor Policy.]
  • June 05
  • 2Yes

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Profile picture for user2939297
I had a private banker who often sold houses for his banking clients through an MLS by owner in Colliers and Lee County, fl. Most sales were in Naples, fl. H My banker paid a higher co-broking rate to the selling broker, so his total commissions paid was generally 3-4% max. incl.fees & expenses; whereas sales through typical realtors cost his clients 4 1/2-5% on average and much longer days on market. He felt that the extra commission paid to the "selling realtors" actually brought him alot more interest, faster and better outcomes. His typical sale was greater than $1 million and he took no fees since he considered this part of his private banking service. All fees and expenses were covered by property owners. I looked into this for properties I owned, but found not all markets have an MLS which provides such an avenue for Owners. However, given the less than satisfactory performance of many Realtors, the appeal is great. Now looking at buying props. in Greenwich, CT and Brooklyn, NY. And will also be selling some Captiva and Sanibel area props. Will try to find props. this way and will also look to sell in similar manner.
  • December 31 2014
  • 1Yes

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Profile picture for nwrealty
Most sites listed by Pasadenan are not locally licensed and do not provide brokerage services directly to consumers. 

For instance, one company charges nearly $400 for Flat Fee MLS services which they then sub-contract to the lowest bidding broker.  The current low bids in western Washington are around $30, placed by brokers who then try to convert the FSBO into a Full Service client. 

Homeowners will receive much better service by dealing directly with local Flat Fee Brokers who do not try to convert them to expensive traditional Full Service listings.  Some in this list have even charged referral fees which costs you money and decreases the net proceeds of your sale.  Such referral fees are commonly paid without the owner's consent or knowledge.

Using most of the websites below will needlessly involve third parties and create confusion.  ALWAYS speak with your Flat Fee MLS providers in person to ensure they are licensed AND located in the state where your property is located. 

Based on information from the National Association of Realtors and RealTrends:  In 2013, broker assisted home sellers paid nearly half of the return on their real estate investment to real estate brokerage firms.  This is the main reason homeowners sell "by owner".  Attorneys are much better qualified to represent you and much more affordable than a real estate broker (who is usually just required to be a high school graduate). 

The market is heating up and many saavy FSBO-MLS customers are selling faster than signs can be posted.
  • May 08 2014
  • 2Yes

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You may believe that having your home listed in the MLS is all you have to do to sell your home. Guess again,there is great value in a good agent. Try looking for a good agent first. Why do you want all that liability when an agent can take that headache off your back?
  • May 08 2014
  • 0Yes

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Profile picture for Blue Nile
A really old thread... but since someone bothered to resurrect it, for any that might be interested in the subject...

A review of the major National FSBO websites, for flat fee MLS listing prices:

website6
month
   12
   month
   delux
12
   min
avg
   max
avg
buyself.com


$395$495
byowner.com$299



byownerMLS.com$299



fizber.com$295



forsalebyowner.com


$81$809
forsale-byowner.com
$299$695

FSBO.com$350



homesbyowner.com?



mls2u.com?



mls4owners.com$199$595$895

mlsmyhome.com$199$249


owners.com$395



real-estate-byowner.com$495



virtualFSBO.com


$299$399

--------------
Only owners.com has a partnership with Zillow to offer "featured status" on Zillow listings, unless your "partnering broker" that the FSBO website "middle man" arranges for you just happens to be a gold or platinum premier agent on Zillow.

(Numbers indicated are as shown on their websites on 4/21/14)
  • May 08 2014
  • 13Yes

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Profile picture for nwrealty
You will need a licensed real estate broker to place your listing into the MLS for you.  Multiple Listing Services (MLSs) are private organizations that only accept real estate professionals as members.  The required listing agreements are usually amended to specify that you won't be represented by an agent ... so you truly will remain a FSBO listed on the MLS.  The markets are heating up.  Best of luck with your sale!
  • May 08 2014
  • 1Yes

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Profile picture for user5782026
 Can FSBO list u on the MLS? or do u have to have a realtor?
  • May 08 2014
  • 0Yes

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Profile picture for nwrealty
Zillow is not a multiple listing service (MLS).  Several Flat Fee MLS Listing brokerages in Oregon will assist with getting your FSBO listing into the RMLS.  Most serve in a non-agency capacity, allowing you to save the most possible amount of your equity.  You will be required to offer a commission to the buyer's brokerage, but the amount offered is your decision.
  • April 04 2014
  • 0Yes

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Profile picture for Natasha Ochs
We could help you as well. By the time you add up all the fees and your time, you can have representation. Most sellers really need to pay a buyers agent which is 2.5%. Its all about finding the buyer- which means marketing is extremely helpful. There are over 100 tasks associated with a real estate transaction, and you will still have fees to sell. I have seen people spend $2000 and HOURS of research on how to do the transaction. JUST to hire an agent at the end, due to frustration. OR be potentially sued for paperwork errors. IT does happen!

Lets talk about your situation- EVEN if you still want to do FSBO, You can pick our brain! 
 
  • April 02 2014
  • 0Yes

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Yes, you can list by owner on the MLS with an agent but you have to offer a buyer agent commission. 

Flat Fee MLS Listing is what you are looking for.
  • March 23 2014
  • 1Yes

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Profile picture for Dunes ..
Zillow can't/doesn't place properties on any local MLS's.


Perhaps you saw
"Receive maximum exposure by listing on MLS for a one-time flat fee."

If you use the link it takes you to a Owners.com page where you will then see at the top of the page.."In partnership with Zillow"

Might be a tad confusing especially since imo no one really knows what the partnership is except Zillow & Owners.com

Zillow does not place properties on any of the MLS's..they are just linking you to an outfit/Flat Fee Service that charges you for doing so and is
 "In partnership with Zillow" ;)


Bottom line is they are directing your business to Owner.com where you'll pay whatever they charge to be listed on your local MLS
so
If you decide to post on your local MLS via the Flat Fee route...

There are local Agents/Agencies/Realtors that provide Flat Fee packages so I would suggest you look at local ads, shop around, call around & use a Local Realtor/Agency

Keep the money in the local economy, have a face to talk to, better communication...

As far as the they aren't as good as me because they don't charge as much as chatter or any cliche's like "You get what you pay for"...
You'll just have to decide if that yadda has any real value or is just Marketing/Puffery

Your business deal, your money, your transaction, your future so make it your decision

Good luck whichever route you take
  • August 08 2013
  • 1Yes

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MLS-Multiple Listing Service is an agent based company that requires your home to be listed with an agent in order for it to show up in an MLS feed. There are some agents out there that will charge a flat fee and list your home on the MLS. They are referred to as Limited Service Agents and do not actually perform any service other than listing your home. 

Nathan Volz
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  • August 08 2013
  • 0Yes

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Profile picture for Robyne1012
Yes.  There are several flat fee listing-only agencies that can do that for you.  EntryOnly.com is a good one.  For a flat fee of $300, you get into the MLS for 6 months, plus they send you a For Sale by Owner sign and allow several pictures.  You can also get more services from them for a little more money.  They only list your house and have no claim on any part of the sale. 
  • August 08 2013
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The local Realtors Associations OWN all the MLS systems around the country and so Zillow can't get you listed on them. You have to get a Realtor to list your home on the #1 selling tool home owners have. Nothing even comes close to being on a MLS if you want to sell you property.
  • August 08 2013
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