Home Selling in 32256>Question Details

Steve Rudlaff, Home Seller in 32256

What is the best way to enter a FSBO into MLS?

Asked by Steve Rudlaff, 32256 Fri Aug 16, 2013

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Answers

8
Steve- I might have a buyer for you. Give me a call at 904-521-7072
0 votes Thank Flag Link Tue Jan 28, 2014
Another option is to pass the real estate exam. Get your license. Connect with a broker. List the property through the brokerage. This is likely to be more than you're interested in undertaking if this is the only house you're looking to sell.
0 votes Thank Flag Link Mon Aug 19, 2013
You cannot enter a FSBO into the MLS. That is for real estate agents only.
0 votes Thank Flag Link Mon Aug 19, 2013
Short answer is that you can't. However, this might give you some ideas on what to do and what not to do if you're trying to sell (the first 6 minutes anyways)... http://youtu.be/Q-KKgZeZZK0
0 votes Thank Flag Link Mon Aug 19, 2013
I concur that it is best to use a Realtor for selling the house. Besides the fact that buying and selling real estate is all they do, the Realtors use MLS to find properties for their buyers and Realtors talk with one another, so if a Realtor calls you, are ready for their calls, will you protect them if they bring you a buyer? If so, there are many flat-rate companies that will place your property on the MLS, then add up to 20 pictures and leave it on the MLS for a period of time.

You can also add your FSBO to many of the FSBO free sites, Zillow also allows you to create a FSBO listing and then post it in a formatted page up to Craigslist. Trulia will allow you to post your property as will a number of other sites. The more you add, the more eyeballs see you, but you need to do this.

I'll leave you with the report from Move.com, they manage the realtor.com site, they recently stated that not using a Realtor ends up costing a seller between 8-12% of lost revenue. So when you think about the 3% you would pay, you can receive between 5-9% more using a Realtor. Who can't use an extra 5-9% in their pocket?

Best of luck to you,
Liz
0 votes Thank Flag Link Sat Aug 17, 2013
First - are you planning to pay a commission out to a real estate agent who brings you a performing buyer? If you are looking to avoid paying anyone a commission - then it's pointless for you to list on an MLS, as they are used exclusively by real estate agents looking for compensation.

That said, there are a few ways to get your property listed on a MLS:

1. List your property with a full-service real estate agent. You'll pay a commission to them (which is negotiatible) and your agent will likely split the commission with a cooperating agent who brings a buyer. This is often the most expensive route - but the "best" in that - A. you only pay for results, and B. you have an agent representing you and guiding you through the entire process through closing.

2. List your property with a "flat-fee" company. You'll pay a small "flat-fee" upfront to get on to the MLS (and other "ala carte" marketing for an additional cost if you desire). In this scenario, you pay regardless if your property sells or not - and still will likely have to pay a percentage out to a co-op broker. You save the higher "listing side" percentage of commission, but also lose all the service and additional marketing.

The MLS is a database that is exclusively controlled and used by real estate agents. If you aren't offering any compensation to them - then they won't waste their time bringing their buyers to you.

Hope that helps!
0 votes Thank Flag Link Fri Aug 16, 2013
Steve, the VERY BEST WAY is to pick up the phone and call a REALTOR(r).
What happens after that depends on your needs.
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Real estate is the most agile, adaptable, flexible, configurable industry on the planet. You won't know what is available by trolling aggregate websites. Serious folks will pick up the phone and get the real information.
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You are aware, I'm sure, that FSBO and MLS are mutually exclusive terms. Right?

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
Serious people call!
Serious people need reliable data.
0 votes Thank Flag Link Fri Aug 16, 2013
You can't do that. The MLS systems all over the country are owned and operated by the local Realtor Association and to be on it you "MUST" have a Realtor put it there. The MLS then feeds the listings to hundreds of online sites, like here. The MLS is the #1 best tool for selling your listing, nothing else even comes close.
0 votes Thank Flag Link Fri Aug 16, 2013
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