I would like to list my home. I was told that I can do it without using an agent. If so, how do I list it?

Asked by Doris, 11434 Thu Sep 9, 2010

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Ralph Windsc…, Agent, Hauppauge, NY
Fri Sep 10, 2010
Hey Doris:
Sure there are plenty of "do it yourself" sites for homeowners to try to sell their homes on their own. People think hey I'll just put the house on the market, someone will come in, see the house, make an offer, and I will "save" money by not paying a realtor. In order to save any money, you would have to first, be successful in actually getting the home sold (which only about 13% of all unrepresented do) and, second, sell it within about 6% of what a realtor could get (the national average sales price of homes sold by homeowners versus realtors is 16%). Do yourself a favor, hire a professional!

Ralph Windschuh
Certified Buyer Representative
Senior Real Estate Specialist
Associate Broker
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
In The Top 2% of Century 21 Agents Nationwide!
1 vote
Jeanne Feeni…, Agent, Basking Ridge, NJ
Thu Sep 9, 2010
Hi Doris, yes, you are talking about selling FSBO - for sale by owner...possible sure, but not an easy undertaking particularly in this tough market. But it can be done.

If you do go this route, suggest you at least contract with a limited service company so you can get your home listed on the MLS. Without this, you will have no exposure at all.

The keys are PRICE and EXPOSURE, whether you are trying to do this on your own or with the support of an agent.

Good luck to you!
Jeanne Feenick
Unwavering Commitment to Service
Web Reference:  http://www.feenick.com
1 vote
Ian A. Wolf, Agent, Morristown, NJ
Fri Sep 10, 2010
You cannot list your home for sale in an MLS system without a Broker. However, there are different kinds of brokers: full service, discount, and transaction as examples. If you search for FSBO sites online, I am sure you will find ways to do it at a discount., but you typically will not receive the benefit of a broker with full representation. My recommendation is to seek out all of the above, and interview them, and then make an educated and informed decision about what you want to do.
0 votes
Dp2, , Virginia
Fri Sep 10, 2010
You have several options for doing this, but you'd have to handle your own marketing. You'd also need to know how to properly determine the current market value of your property, because no amount of marketing (by you or your agent [if you opt to get one later]) will help to sell an overpriced property in this market.

You could also work with an investor, get a flat fee listing, place ads on various sites (like craigslist.org, fsbo.com, etc), post fliers all around your neighborhood (if that's permissible in your neighborhood), etc.

However, many seller lack the marketing background and knowledge about the current market conditions to be able to sell effectively, but that's something that you could pick up over time. Yet, if you have neither the interest nor the time to pick that up, then you probably should list with an agent, or work with an investor in your area.
0 votes
Janet Nation,…, Agent, Baldwin, NY
Thu Sep 9, 2010
Doris, would you ask a cardiologist to show you how to operate on your heart.......... of course not. It's the same with real estate, hire a professional to help you sell your valuable asset. Why take the risk of losing $$$ for a transaction that people are licensed for.
0 votes
Pacita Dimac…, Agent, Oakland, CA
Thu Sep 9, 2010
There are certainly enough sell-it-yourself sites where you can start your search. Start with http://fsbo.com

And then ask yourself some basic questions while you're at it:

If you work, will you make yourself available to go home and show the property to potential buyers?

Can you prequalify the buyer so that you're not opening your door to total strangers who have no intention to buy but are just curious (or may have some dastardly deed in mind)

Do you have time and resources to create and execute a marketing plan so that your property is property exposed to the market
0 votes
Fajardo Dela…, Agent, Flushing, NY
Thu Sep 9, 2010
Do you really like poeple calling you at time of day to make appiointments and never show up,not qualifed to buy a home. This are just a few of the questions that people do not tell you about.
Fajardo Delacruz
Licensed Real Estate Agent
Century Homes Realty Group llc
Direct Line: 347-932-0609
0 votes
Frank Dolski, Agent, Lahaska, PA
Thu Sep 9, 2010
Dear Doris,
You can definetly list your home and there are many services out there to help you. Do be careful of hidden costs, where you are going to be marketed, etc. Be clear that ultimate internet exposure is your goal and this is difficult as a FISBO.
If you consider listing your home with a Broker/Agent, please conact me as I have the resources to help you select the top Realtor/Broker anywhere in the country. I would interview them first before referring them to you. That is, if you decide to go this route.

Good Luck!
Frank Dolski MBA, ABR, e-PRO
Associate Broker
Coldwell Banker Hearthside Realtors
f.dolski@cbhearthside.com
215-794-1070 x103
Web Reference:  http://www.FrankDolski.com
0 votes
Terry Bell, Agent, Santa Rosa, CA
Thu Sep 9, 2010
Dear Doris, Ask yourself this, if you were going to buy a house that was for sale by owner and knew that they didn't have to pay a commission, wouldn't your offer be in line with subtracting that money allowance.??? People will offer you less, and you will have to deal not only with all the aggravation of learning how to do a complicated real estate transaction, but will be unable, as the previous agent pointed out, to do the things that licensed real estate agents are qualified to take care of for you, such as list on the computer MLS, Also, your transaction doesn't sound like it is a short sale or foreclosure, which means you will probably expect to get get a higher price than bank owned properties. This takes far more marketing as this is a "buyers" market, not a "sellers" market. Interview a few agents in your area, like the agents here on trulia, who are computer savy, and get the facts!
0 votes
Anna M Brocco, Agent, Williston Park, NY
Thu Sep 9, 2010
You can do for sale by owner, however unless you list with an agent or any flat fee realty company, you will not appear on MLS--before pondering doing a for sale by owner, do consider--your house is your home. Emotions are homebound---selling your house is a business transaction. In a business, a professional is able to best to protect your interests. A real estate professional is better at selling your house than you could be at selling your home--also keep in mind that in today's market pricing and marketing that maximizes your exposure are paramount and a good agent will keep you informed as to your competition, market conditions, etc. While some people are successful at selling on their own, others are not--if you decide not to use an agent--do remember to use caution when allowing strangers into your home, hide/remove all valuables, and do consult with an attorney who specializes in real estate beforehand, regarding disclosures, necessary paperwork, etc.
0 votes
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