Home Selling in 08034>Question Details

Nancy Ross, Both Buyer and Seller in Cherry Hill, NJ

Are there For Sale by Owner sites that are recommended w/o $ upfront?

Asked by Nancy Ross, Cherry Hill, NJ Wed May 23, 2007

Can sellers recommend quality For Sale By Owner agencies that only get paid when the house sells? I prefer to show my house myself, after having it listed twice with traditional real estate agents and losing out on two different sales.

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18
I think your conundrum is an interesting one. You want to pay for performance but you want to pay a discounted rate. You might consider marketing the home yourself and incurring the advertising expenses. Try this site:
Web Reference: http://owners.com
3 votes Thank Flag Link Wed May 23, 2007
Ahh, Nancy! You're in my old zip code. I grew up in Kingston Estates and Windsor Park.
Web Reference: http://brian-brady.com
2 votes Thank Flag Link Wed May 23, 2007
I know this is an old thread but if you still need any real estate help please call our office
(Keller Williams Cherry Hill) 856-321-1212 and ask for The Rifkin Team.

Thanks
1 vote Thank Flag Link Mon Apr 1, 2013
A great new site for FSBO home sellers is called Yigdigs. They allow you to use an agent for services you need for a flat fee rather than paying a commission. Saves thousands of dollars.
Web Reference: http://www.yigdigs.com
1 vote Thank Flag Link Mon Jan 4, 2010
Is this the same NAR that stood out front encouraging home ownership to anybody with a pulse regardless of credit history, employment or money?

Is this the same NAR that spends my money lobbying at the local, state and federal levels to discourage competition and encourage protectionist legislation?

Finally, is this the same NAR that encouraged everybody with idle time to sign up, pay your dues and get rich cause the times were good and now sits back letting it's members starve while it sends out it's monthly magazine with "Tips for Success in a Down Market"?
1 vote Thank Flag Link Tue Dec 2, 2008
Nancy, It is such a difficult time for unrepresented sellers. Statistically, according to the National Association of Realtors, even in good markets, sellers actually net 14% less than represented sellers. If you lost out on sales due to inspection issues, I would suggest that you have all "defects" corrected and then try again with the most trusted and experienced agent in your market that you can find. Ask your freinds and neighbors in the area for referrals and see whose name comes up the most. Good agents get paid but they also see that the deal goes through and will work very hard to get you the best price for your property in the existing market. In the end, you will come away with the deal done and for more than trying to go it alone.
Web Reference: http://www.keriricci.com
1 vote Thank Flag Link Mon Dec 1, 2008
Nancy: I'm not familiar with any companies offering that model. MLS-only companies charge an upfront fee, as do other listing sites. You might want to see if there are any agents willing to list your home on an esxclusive agency basis, which would allow you the option of selling the home yourself and pay perhaps a one percent fee for handling the transaction at the close of escrow. If you still want to go solo on the sale of your home, you will want to provide as much market exposure as possible.
1 vote Thank Flag Link Thu May 24, 2007
Roberta Murp…, Real Estate Pro in San Diego, CA
MVP'08
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While i would still recommend you find a qualified agent, you can always list your home on craigslist.org, zillow.com. Or other classifieds / industry sites.
Web Reference: http://www.flippingpad.com
1 vote Thank Flag Link Wed May 23, 2007
Personally, I do not know of any "by owner" agencies that get paid when the house sells. An agent is willing to work on that premise and risk not getting paid if the home does not sell, but 'by owner' sites do not work like that to my knowledge. There are lots of real estate business models out there, so maybe what you are looking for does exist. I just am not aware of it.
1 vote Thank Flag Link Wed May 23, 2007
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
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There is no agency (state licensed broker/corporation) that can represent you and call themselves "For Sale By Owner" since this would be deceiving the public. There are however at least 2 nationally franchised real estate companies that work on a fee based structure to list your home, market your home etc., and allow you to save some money if you procure your own buyer... while only charging you when the home sells.
0 votes Thank Flag Link Thu Oct 18, 2012
Nancy, if you have the time and patience, then using free classified sites like Craigslist are a good choice.

They can be somewhat exhausting having to deal with all of the leads if your not used to it.

Good luck!
0 votes Thank Flag Link Mon Feb 28, 2011
Hi Nancy,

Try http://www.FSBOGenesis.com

Also we have a site where you can get buyers quickly with upfront deposits. It is also on a rent to own basis. If its something you're interested in.

Jim
SafeRentToOwn.com
0 votes Thank Flag Link Tue Dec 2, 2008
Nancy,
I recommend you read this article before showing your house yourself. Of course, you can do whatever works for you, but it would help to know some of the difficulties of selling by owner.
http://www.realtor.com/Basics/Sell/Why/Fsbo.asp?poe=realtor

That said, here are some FSBO sites

http://www.forsalebyowner.com/
http://www.fsbo.com/news/070601DH
http://www.homesbyowner.com/

Hope that helps!
0 votes Thank Flag Link Mon Aug 20, 2007
Just scanning thru these older questions and I see this original poster did not return. Did she find an answer here, I wonder? Wondering why those two sales fell thru. If it was because of unqualified buyers, it would probably be the fault of the agent. Can't think of other reasons. The OP says two separate agents brought her customers who went on to some undisclosed point but the deals fell thru. At this point I have come to my own conclusions, but I wish I knew more.
0 votes Thank Flag Link Sun Aug 19, 2007
Nancy,
All real estate agents only get paid when your home sells. All other non-agency entities want money up front. I'd be interested to hear about your experiences with the traditional real estate agents. Unfortunately, there are a few agents out there that many of us would prefer were not in the business. That make it difficult for the rest of us, who focus on customer service, to to follow up.

But I don't know of any non-agency companies that do not charge an upfront fee. It's good that you porefer to show your own home; who else knows it better then you. But the agents job is to bring qualified buyers to see your home...that is where the largest effort is spent in marketing any home. You can show your own home, but you need to know where to find the buyers and having a detailed, aggressive marketing plan.
0 votes Thank Flag Link Sun Aug 19, 2007
Nancy.. If you want to sell yourself I would try Craigslist (free) and I would set up a website with your homes address ex: ..1234my house @myhouse.com... it will cost you but at least you will get some internet exposure.. oveer 80% of people searching for a home start on the internet
0 votes Thank Flag Link Sun May 27, 2007
Kaye Thomas, Real Estate Pro in 90266
MVP'08
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Nancy,

The only thing I can think of that sounds close to what you are seeking would be to put your home on zillow as a FSBO, the downside is that your home is only visible to people searching on that site.

Which is also the same problem you have when selecting a non MLS company... as realtor.com gets it's homes from the MLS databases, and most affilliate real estate sites get thier homes from realtor.com

With so many homes now available, 3 times as many as 3 years ago, and the number of homes being sold is down 30% it is almost financial suicide to not allow your home to be on the MLS.

I can certainly appreciate your desire to save money, and I can only urge you to take your time if you are going to select some form of Discount, MLS ONLY or FSBO broker...as the business models are typically based on getting paid regardless of results. Read thier contracts thoroughly and determine what's included, what costs extra, where and how your home is advertised, how long you are under contract and if you are offering co-operation with brokers what % is being offered.

If you don't mind me asking, you say you lost out on 2 sales....what was the reason? Inspection, qualification, appraisal, cold feet?.....There may be pro-active steps to take to ensure it does not happen again.
0 votes Thank Flag Link Fri May 25, 2007
In many markets, Craigslist is a great place to list properties. It is not, however, a FSBO site as such, so you'd be completely on your own. Best of luck, and sorry to hear that you had a bad experience with two traditional real estate agents.
0 votes Thank Flag Link Thu May 24, 2007
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