Profile picture for KTHENNINGS

can we list our home for sale by owner and still have it on MLS with out an agent?

If so what would the cost be? Can we revise our listing? We have been updating and the updates will be finished as of 9-16-2013.
  • August 31 2013 - Davison
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Answers (11)

Profile picture for CallTheSisters
The buyers agent is an independent contractor.  They set their own rate of compensation.  We are not allowed to discuss commission rates.

As a rule if the buyers agent is representing a buyer purchasing a property listed in the MLS they are paid half the total fee.

Some buyers agents may want more than 1/2 the fee since in essence they are responsible to see that you stay on task as as seller and perform according to contract law.  You have to discuss it with the agent and agree upon the compensation before they bring in the buyer.
  • September 21 2013
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Obviously realtors feel that we provide the best marketing for a home. As said in one of the posts more than 80% of houses are sold by realtors. I think it is higher than that. Most buyers want to be represented by a realtor so you will need to pay the buyer's realtor fee. It would be in your best interest to be represented by a realtor too.
The realtor can explain what disclosures you need to provide to a buyer. 
They can give you a detailed market analysis.
They can provide more internet exposure than you could as a FSBO.
Most agents working with buyers are going to look on the mls for houses for their clients and will show them houses on the mls before they show FSBO houses. Also agents talk to each other daily and talk about their listings so it is good to have an agent talking about your home.
Then there is work to negotiate the contract, then negotiate the request to remedy after inspections, then to make sure the closing statement is correct. I find errors on closing statements all the time that would have cost my clients $$$$.
  • September 21 2013
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Profile picture for CallTheSisters
If you are a FSBO and an agent has an interested buyer they will negotiate a commission with you before they show your home. 

If you are not willing to pay them for bringing their buyer to you, and getting your home to closing they will more than likely take the buyer somewhere else.

  • September 19 2013
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You would be surprised how a REALTOR can often get you much more than you can by yourself- the commission can be covered by the fact that your property, once marketed properly, can bring in more than you anticipated.  Contact a professional who can do a market analysis & cash out sheet for you so you know your bottom line.  There are plenty of fees out there besides commission when selling.
  • September 18 2013
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Profile picture for sunnyview
You can post on Zillow FSBO for free, but to get on the MLS you will need to contract with a flat fee agency. In my area, the price for that ranges from about $300-500 for an MLS listing.

Listing on the MLS in my area also requires that you specify the commission amount you would agree to pay an agent with an interested buyer. In my area, FBSO's offer agents a one sided commission of between 1-3%. If you just advertise on local sites, newspapers, craigslist or sites like Zillow, you do not have to offer to pay an agent commission.

It is your choice, but you need to focus on what will give your house the best exposure to buyers. Often that means adding a small commission and adding it to the price you are asking in the MLS to cover that additional cost.
  • August 31 2013
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I assume your goal is to sell your property at market value. Local markets vary but more than 80% of all real estate is sold by real estate agents.
  • August 31 2013
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Why wouldn't you want to pay someone if they brought you a qualified and willing buyer?


I'll bet YOU work for free also, right??
  • August 31 2013
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Profile picture for wetdawgs
If you list as a FSBO, on or off the MLS, you have to be extremely clear whether or not you will work with buyers agents (i.e. pay them a commission).  If you don't wish to, chances are good you are wasting your money by putting your listing on the MLS.

I am not an agent, but recognize a FSBO who won't pay a buyer's agent is cutting down possibilities dramatically.
  • August 31 2013
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Profile picture for Jarrid Echard
"We would still have to pay the agent bring in the buyer? Even if we posted FSBO?"

yes, unless the buyer is willing to bring extra money to the table which is no common.. but hey your not paying the listing agent right.... MLS is advertising your home to agents with buyers.. if the BAC is listed at zero maybe that's your problem, no one wants to work for free 
  • August 31 2013
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Profile picture for KTHENNINGS
We would still have to pay the agent bring in the buyer? Even if we posted FSBO?
  • August 31 2013
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Yes, I guess you can but if it sells FSBO you will owe the agents company a commission even if they did not bring in a buyer. You would be far better off just letting the MLS do the work.
  • August 31 2013
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