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how do I put our fsbo on our local MLS

  • January 12 2014 - Grape Creek
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Answers (10)

Many Real Estate companies out there doing a "Flat Fee".   They call it different things, but essentially it is a flat fee to list your home.  Our company calls it a "Smart Fee".   This is the easiest and less expensive way to get in the MLS.

Good thing about going with one of these is that you still control your listing, you don't pay a high commission, It will probably (I know our company does) get listed on all the major sites like Zillow and probably be posted on local re-occuring craigslist adds.  Another advantage is you can get contract forms, assistance filling the forms out and transaction management.
  • May 07 2014
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There is a list of companies on our site per state. Please follow rules and cooperate with the buyer's agents. You will retain the right to sell by owner but you will also be working with buyer's agents. The best of both worlds.
  • February 18 2014
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Profile picture for wetdawgs
It is a very strange profession where other professionals don't hold their colleagues' feet to the fire to be able to support their "data" and "statistics", instead pounce on consumers who dare ask for details.    Perhaps Lawrence of the NAR has something to do with it if he's being used as a role model.   He created a lot of great examples that I use in one of my courses in a section about lying with statistics.


  • January 12 2014
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Profile picture for hpvanc
Once again, what makes agents think that consumers asking questions on an open forum are asking for agent advice? Especially when they post a question about doing a FSBO, my assumption would be they are looking primarily for peer to peer advice.

Unfortunately I probably shouldn't have responded to this question since I have nothing to add the OP's question beyond what Wetdawgs said in the 1st reply. Since I've already started the reply, I'll be happy to link the academic studies for the agents education, even if they don't want to read or understand them, maybe the OP will glean something from them.

The Relative Performance of Real Estate Marketing Platforms:MLS versus FSBOMadison.com

How Much do Real Estate Brokers Add? A Case Study
  • January 12 2014
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Profile picture for SoCal Engr
C'mon Mack.

You're going to apologize on whose behalf for consumers challenging no-data blah-blah-blah from REAs? If REAs are going to pass off opinions as advice, they (the REA) deserve an opportunity to back up their yadda-yadda with objective facts-facts.

But yet, you, a REA, are going to apologize for consumers who are asking valid questions?

If consumers asking REAs to back up their sales pitches with verifiable facts needs apologizing for, what about...

-- the REAs who castigate consumers for wanting to spend less for REA services?
-- the REAs who pass on bad mortgage advice?
-- the REAs who infer that FSBOs cannot be successful?

Who apologizes to the consumers for them? I haven't noticed you jumping on those threads to fall on your royal sword.

<\rant>
  • January 12 2014
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Sorry, user; the regulars get out of hand whenever a new agent walks into the fray.

The MLS is for brokers only; you can easily find a limited-service broker who will provide access and adherence to MLS rules.

  • January 12 2014
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Profile picture for SoCal Engr
a consumer perspective...

"For instance if you do sell your home as a FSBO who is going to help you find a new home? Also when you do find another home even if that is by yourself, the owners of the home you find will most likely have hired a professional to represent them...Who will negotiate on your behalf?"

This is somewhat confusing. Are you saying that a person who successfully sells FSBO loses all future rights to REA representation when purchasing? In any event, if the consumer successfully negotiates a FSBO sale, wouldn't that be an indication (though, admittedly, not a 100% indicator) of some level of capability with RE negotiations and transactions?

"Another reason you should consider hirirg a professional is that FSBO's most often sell for significantly less than Realtor listed properties....that's right it can be upwards of 30% less of a sales price. When the average real estate commissions would have been 4-7% is a 30% price reduction actually saving you money?"

A tired-and-rote claim deserves a tired-and-rote challenge. Show your stats that back this up. And, please, not the tired NAR talking points version, which has been thoroughly thrashed already by others in similar posts..

"How about length of time to sell your home? The average FSBO is on the market for much longer than Agent listed homes."

Again, where are the stats to back up this claim. 

"And what about your time?? How much is your time worth? Imagine having to take time off work to show the home to prospective buyers."

Strangely, I find this to be the most compelling argument. But, that's a decision the consumer has to make, or appears to have already done so, no?
  • January 12 2014
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Profile picture for wetdawgs
Wow!  The FSBO statistics are getting worse every day.    Can you provide us a link to the original data with appropriate peer review by qualified statisticians?
  • January 12 2014
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Unfortunately as wetdawgs stated...the MLS is privately owned and this is one of the advantages of having a licensed real estate agent list your property. There are many other advantages that go along with hiring a professional as well. For instance if you do sell your home as a FSBO who is going to help you find a new home? Also when you do find another home even if that is by yourself, the owners of the home you find will most likely have hired a professional to represent them...Who will negotiate on your behalf? Another reason you should consider hirirg a professional is that FSBO's most often sell for significantly less than Realtor listed properties....that's right it can be upwards of 30% less of a sales price. When the average real estate commissions would have been 4-7% is a 30% price reduction actually saving you money? How about length of time to sell your home? The average FSBO is on the market for much longer than Agent listed homes. And what about your time?? How much is your time worth? Imagine having to take time off work to show the home to prospective buyers. 
  • January 12 2014
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Profile picture for wetdawgs
The MLS is privately owned by members of NAR.   So, you'll either need to find an agent who is willing to do a flat fee listing or a service that does flat fee listings (of which there are many on the internet such as owners.com, forsalebyowner.com etc).    I'd probably start with a local search for an agent who is willing to do a flat fee listing.  I offer no opinion on any of the internet options, so do your own due diligence.
  • January 12 2014
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