Can I list my property if I am not using a Real Estate Agent?

Jen Mays
Home Seller
Tiverton, RI

Answers (5)
Susan Costa
Broker
Westport, MA

You can list as a For Sale by Owner - however, 85% of the FSBOs end up listing with an agent. The agent will advertise the property, screen the buyers (make sure they are prequalified - so as not to waiste your time) perform all the due dilligence that in needed to complete the sale.

Remember, in Tiv there are rules to follow for disclosure as well as septic ( I assume you are not tied into FR sewerage) unless you are on the north end near the MA line.

If, I can be of assistance, please call me or email me at amsrealestate@charter.net.
Office # 774-264-9117, cell 774-526-2457.

Fri Sep 18 2009, 14:31
Arthur Chapman
Broker
02840

You certainly can but run the numbers. How long will it take for you to sell the property and what are your monthly costs? Professional full time realtors spend all day(most nights and weekends too!) concentrating on selling real estate. They are constantly checking the market, contacting buyers and guiding both through the somewhat complicated and legal process of selling a property. Especially in local markets where there are specialized considerations, like the septic ordinance in Tiverton. I would be happy to provide additional no cost information and assistance at your request. Thank you.

Sun Jan 27 2008, 17:05
Alex Amaro
Agent
Sacramento, CA

hi Jen,
I wanted to add a bit to Brenda's answer. There are a few reasons why homeowners eventually list their home with an agent. Normally what we see is that a For Sale By Owner (FSBO) will stay on the market longer for a couple reasons. First because when you list with a Realtor (or add your home to the MLS) you are exposing your home to every agent in your area and all of their potential buyers. Next, as an agent (especially in this market) I will not start driving a buyer around unless I am satisfied that they are well qualified for a home loan. This means you have a higher chance of finding "qualified" buyers, as opposed to neighbors and "looky-loo's." Last, I feel that lack of accessibility to the home really hurts FSBO's. If a person cannot see the home or get in to view it, they are going to drive right by to the next home.
So.... you may be thinking, "Of course a Realtor is going to point these things out to me." So to give objective advice, I will tell you some of my solutions. First, if you do sell For Sale By Owner, you should be consider the following. Right now it is estimated, even by the national Assoc. of Realtors, that nearly 80% of all home shoppers are going online first to look for homes. This means you have to have a great internet presence. If you use a "MLS only" type broker, your listing will normally be syndicated to many large websites like Realtor.com. Also, use a free service like Postlets (in reference link) to make a website of your home. Take a lot of good pictures of your home so that even if you cannot show the home, a person can still view the pictures and the features of the home online. Postlets also gives you a code you can cut and paste right into online classifieds like Craigslist.com. (Just remember to list your home's website on your home flyer and keep the flyer box full) Next, if someone wants to see the home, make sure you ask if they have been qualified by a mortgage broker and have a qualification letter on hand. I suggest this for two reasons. First this will help you weed out "looky loos" and find only able buyers, and also for safety reasons. You don't want anyone scoping out your home. You can also talk to a good mortgage broker in your area. They would love the chance to help you pre-qualify any interested buyers. Last, my best peace of advice. Even if you want to sell FSBO, set up a meeting with a trusted FULL TIME Realtor anyways. Make it clear that you want to sell FSBO but ask them if they are willing to be am initial resource.. Remember, this full time agent is a professional service provider that has a family and has bills to pay too (so do not expect them to sell your home for free) but many times they will be a great resource to help get you started.... exactly as I am willing to do here. Why would that Realtor be willing to be a resource....? Because if you do decide to eventually list your home, that agent will probably be the top of your list!
I hope I was able to help. If I was, give me a thumbs up and let me know.
Good luck!
Alex Amaro

Wed Jan 23 2008, 07:28
Alayna Berek, RI...
Agent
Cranston, RI

There are many "for sale by owner" websites available for you to list your property on as well as craigslist. There are also companies that will submit your property to MLS for a fee. Please keep in mind, you do not get the fee back if your property does not sell and they typically do not offer guidance as far as pricing and marketing which are both crucial in the current market. When you list with a Realtor® there is usually no charge unless your home is sold.

Web Reference: http://www.owners.com
Wed Jan 23 2008, 06:16
Brenda Fernandes
Agent
Rhode Island
FIRST ANSWER

Hi Jen,
You may list your property as a For Sale By Owner, and a Realtor can add it to the statewide MLS system for you for a flat fee.
I do have to offer the advice that 9 out of 10 For Sale By Owners do eventually and sell with an agent.
if you need any guidance or any state forms, feel free to contact me.

Tue Jan 22 2008, 19:50

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