Question Details

Kay Gart, Home Seller in Madison, WI

How do I list my home being a FSBO?

Asked by Kay Gart, Madison, WI Tue Oct 14, 2008

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Sorry, Trulia does not accomodate for sale by owner properties at this time. You may want to try:
0 votes Thank Flag Link Tue Oct 14, 2008
Question for you: Do you want to list your home, or sell it?
If you want to sell it, you should know that many owners, just like you, started out selling without professional representation.
In a survey 5% of sellers sold to someone they know, 5% to someone they did not know, and 85% listed with a Realtor...eventually.
Those that did sell, sold on average for 16% LESS than the average sold by Realtors. That makes sense if you are selling with only 10% of the buyers.

So my recommendation is:
Interview three Realtors. Compare their proposals. Run the numbers. Then you do the math and decide what to do. If you can sell on your own, great.
If you need to switch to plan B, then you are ready.

You should also know that my research consistently shows that listing with a full service Realtor is the most certain way to sell for top dollar in the shortest amount of time.

One question to consider is this: If I had YOUR record in selling homes, would you hire me to sell yours?
Attorneys say that a lawyer that represents himself has a fool for a client.
Realtors say that the worst seller is a Realtor selling their own home...and that's REALTORS!
Good luck!
0 votes Thank Flag Link Wed Oct 15, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
Kay, You may want to start with a new-start up company...
0 votes Thank Flag Link Wed Oct 15, 2008
Most (all?) real estate agent listings are done via an MLS (multiple listing service). Trulia grabs all their data from MLS's as well.

Interesting thing about most MLS's is they're highly restrictive on how you can display their data. Many do not allow their listings to be presented alongside FSBO listings. Or at least, that was the case. The Department of Justice went after the NAR and MLS industry a few years back, concluding earlier this year. The MLS's backed down to some degree following the DOJ inquiry. Not exactly sure the extent of changes were agreed upon, but there were at least some changes that presumably made it easier for online brokers to compete versus the old model.

Point is there's still some real challenges for a site to list MLS data and FSBO data at the same time. It appears Trulia's response to the challenge has been "ehh... we'll just skip the FSBO side." I think this decision cheapens their data (slightly over 1 in 8 U.S. sellers are FSBO), but it's their site -- they can certainly do as they please.

In theory there may be a "flat rate" MLS you could join for a couple hundred bucks that would allow your listing to appear on Trulia and provide coverage to the buyer agent community as well. However there are many, many MLS's out there and you've have to find one that Trulia picks up. Don't know if there's an easy way to determine that.
0 votes Thank Flag Link Tue Oct 14, 2008
Not sure what you're asking. If you are a FSBO you aren't listed.
0 votes Thank Flag Link Tue Oct 14, 2008
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