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Can I list my own real estate that I have for sale without a realtor?

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April 23 2011 - Platte
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Wow. What studies Sharon?  NAR studies?  I find some agents pretty pathetic too. 

Blucks, the first thing I would do is take a look at rockinblu's blog:
http://rockinblu-rockinblu.blogspot.com/
He has other interests besides fsbos as you will see (apparently music and cars are up on his list) but he also has some of the most comprehensive information regarding fsbos, from a consumer's perspective, that I've seen.  Worth the effort.
This is a process you need to take seriously so educate yourself, learn the do's and don'ts and be prepared to put in considerable effort.  You will still need to offer the buyer's agent a competitive commission and it is essential ,if its possible in your area, to pay a flat fee broker a few hundred bucks to post on the mls.  Remember, pricing well and presenting your home in the best light is absolutely key in this competitive selling environment.

Best of luck to you!
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April 23 2011
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If you are concerned about legal issues as a FSBO, you can always pay an attorney for a one time consult to make sure that your contracts and disclosures are in order. Or you can offer a flat fee to an agent to draw up the RE Board approved paperwork for your state without paying a full commission once you find your buyer.
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November 07 2011
You may list your home as a FSBO (For Sale By Owner).  Keep in mind that representation from a Realtor may be worth the commission.  It can expose your home to more people while ususally bringing you more money for your property along with representation.  There are many legal issues to selling a home.  Good luck!
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November 07 2011

Yes

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April 24 2011
Yes.

I would suggest going to www.postlets.com and creating a Postlet for your home. This is like a standalone website for your home that allows you to upload photos, video, etc.. It will also syndicate your home to various websites including Zillow (it's owned by Zillow now actually). From the Postlet you can create a craigslist ad and a QR code for smart phones as well.
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April 24 2011
@Joan,

That's ok, we can split the royalties!
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April 23 2011
Profile picture for Dunes....
Congrats on the BA Joan...I also recommend Rockinblu's Blog
&
Information from the Dept of Justice...Antitrust Division

Competing Models of Real Estate Brokerage

"Ten states forbid buyers' brokers from rebating a portion of the sales commission to the consumer. Eight states require consumers to buy more services from sellers' brokers than they may want, with no option to waive the extra items. HUD recently clarified its rule that rebates are permissible under RESPA as long as they are reported on the HUD-1 form." Competition and Real Estate...
Consumers can save thousands of dollars in commissions

States that ban brokers from offering rebates

Learn what your options are
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April 23 2011
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For balance and Realtor® reading enjoyment, here is the link to a joint Northwestern University and University of Wisconsin Madison study on FSBO versus full service agent listing.  The study draws a different conclusion than the NAR studies, although it does find it faster to sell through the MLS.  Here is the conclusion on sales price:  "After controlling for differences in house and seller characteristics, we find that the MLS delivers no price premium (even before netting commissions)."

The Relative Performance of Real Estate Marketing Platforms

Good luck.
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April 23 2011
I disagree with for sale by owners...I have heard too many stories of them being taken advantage of...I would not use someone studying law to represent me or studying medicine to 'cure' me.....we are professionals and there are some amazing realtors out there that can get you more money in less time than you can .

1. A  small percentage of FSBO's actually sell.  Most end up listing (and selling) with an agent, but in this market, you will have a 'stale' listing.   You should do your own market research so you can use the stats to help you sell more.

2.   The National Association of Realtors does a yearly study that shows listed homes sell for more money than FSBO's, on average.  I just saw a statistic for 2007 that showed FSBO's got a whopping 33% less!  So, do the math and you'll see that even paying 6% allowed the seller to NET more if they used and agent.

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April 23 2011
Oops, David beat me to Rock's blog info. 

I'm still waiting for my royalties Rock.  :)
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April 23 2011
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April 23 2011
Check out rockinblu's blog on FSBO. Pretty useful, then do some research on Zillow's FAQ -> guide section.

http://rockinblu-rockinblu.blogspot.com/2011/03/posting-your-fsbo-on-zillow-101.html
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April 23 2011
Sure you can pay someone a couple of hundred dollars and they will stick a sign in the ground and put your home on the mls......Studies have been done over and over again showing a realtor will in most cases bring you more money and you will be on the market for less time, case in point. I am working on something for a client right now ,dealing with a for sale by owner.....the owners have no idea of what is involved....its pathetic/
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April 23 2011
 
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Can I list my own real estate that I have for sale without a realtor?
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Latest answer by sunnyview
November 07 2011 | 13 answers
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