Profile picture for Ajazzyvirgo

fsbo on the mls

How do I go about listing my home on the
mls as fsbo and what are the pros and cons?
  • September 06 2007 - US
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Answers (8)

You can post FSBO's on the MLS. You have to be a licensed REALTOR.
Sorry.
  • September 06 2007
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There are online services that post to the MLS.
  • September 06 2007
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Profile picture for wondergirl
MLS4owners.com is owned by Chris Nye.
A helpful guy and very honest.

choicereg.com offers mls only, ala carte services, and full-on agent service.
Cameron Reed is the broker there and rocks.
He's based in Washington.


KGude's and Marci's replies should've offered a bit more info explaining while it's true one needs to be a lic'd realtor to post - going through a service like the ones I mentioned above allows you to do so through a brokerage who's posting it for you for a smaller fee than a full-on commission. They won't being doing what a realtor does for a commission - paperwork, opening title and escrow, etc. That's in your hands and honestly, is either best done by a realtor, a lawyer, or someone with experience in FSBO's to walk you through the legal issues.

I left the business because of truly greedy, ill-informed, realtors with horrible bedside manners. Sharing info only makes them stronger and eventually, a reliable resource. If you turn to a realtor, follow your instincts. There's some awesome, loving folks out there. But the business can be a real...let's say bummer.

So, start there with Mr. Nye's site. Ask him questions, email him, and yes...do the research. I'll either be working with him or Cameron now that I'm selling my own house and am no longer a part of a brokerage.
  • September 06 2007
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Thanks wondergirl, but since I am part of my own MLS, I don't know the names of all the online services. But nice jab.
  • September 06 2007
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Profile picture for Lisa Jonz
In a nut shell -

The pros of listing fsbo on the mls: it is an inexpensive way to get crucial exposure of your house.

Please visit Robyn's post for more free places to market your property.

http://www.zillow.com/forum/site/ViewThread.htm?tid=4580

And don't forget good old fashioned word of mouth. Let people know. Tell your co-workers, friends, family, etc. If you feel there's an opportunity to tell someone about your house, take it.

In addition to marketing, it's very important that you are available to show the house on sometimes very short notice.

You would probably have to negotiate any offers and contracts on your own. You could hire a legal attorney to review the contract and work the deal, but the negotiations would still be your responsibility.
  • September 06 2007
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Profile picture for Happy Owner
I was planning to list my fsbo property on the MLS through Owners.com for free! I do believe there is no catch. Has anyone else heard of this free service from Owners.com?
  • September 06 2007
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Profile picture for gwiz
You can post FSBO on the MLS through lots of brokers who are willing to do this for $199 and even through ForSaleByOwner.com You'll just have to do a search on the internet to find out who can do this for you in your area.
  • September 06 2007
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Profile picture for emily knell
Listing your home on the MLS as a For Sale By Owner is not free.

There are places that will put your home on the MLS , but no agent in the area you live in will bother to show it if you're not offering a standard Co-op of 2.5-3%

for say 2 more % you'd be getting seller representation. You're just a target right now for low-ballers & people who want to take advantage of you. You should have someone looking out for your best interests & to make sure you're getting the absolute highest price for your property.
  • September 06 2007
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