selling a house by owner

Asked by Shesaw, Cambridge, MA Thu Oct 6, 2011

How can I get on the MLS without using a realtor?

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13
Joan Braunsc…, , Morris County, NJ
Fri Oct 7, 2011
Here's a link to a blog by a non agent who pretty much covers all the important stuff regarding fsbos:
http://rockinblu-rockinblu.blogspot.com/

Well worth the read.
1 vote
Jennifer Eri…, Agent, Wilmington, MA
Thu Oct 6, 2011
There are many flat fee listing serivces in the market you can use to get on the MLS. Just do an online search for this and I am sure you will find one. Only pience of advice pay a fee to the selling agent of at least 2% to 3%. Good luck.

Eric
1 vote
Amy Uliss, Agent, Framingham, MA
Wed Oct 12, 2011
As mentioned previously, there are agencies that will place your home on MLS for a small fee. It will typically state in the remarks section of the listing that this is the case. It's not necessarily bad to use this limited service if you have a good handle on what is involved in selling or purchasing a home. There is so much more to the process that just placing the information on the internet for all to see. The real work starts when an offer comes in and what to do with that information when you receive it. Having a realtor by your side is invaluable and that is why many of us would not suggest pursuing this important transaction by yourself.
0 votes
Home Selling…, , Virginia
Fri Oct 7, 2011
Shesaw ~

If 90% of buyers are online beginning their search (source: National Association of Realtors), and you where to list with a discount broker that puts it in an MLS, then 90% of the marketing is already done for you.

In most real estate transactions, a buyer's agent will bring you a buyer. Not the listing agent.

All the other advice given below is true about doing your own,

1) Open houses
2) Other marketing
3) Getting the price right

If you do go this route, I suggest getting a real estate attorney to look over any offers before signing (especially if you know nothing about how real estate transactions work) Missing paperwork is a nightmare.

A good listing agent can make the process very smooth for you.

Good luck
0 votes
Barbara Brown, Agent, Longmeadow, MA
Thu Oct 6, 2011
Hi Shesaw,

There are some companies that will put homes on the MLS for a fee without any other services. My company, Keller Williams is not one of them. The reason we do not provide this service is because we know that it is not in the best interest of the seller. The statistics say that an experienced, well trained, professional Realtor® will net you more money. Anytime people buy directly from an owner, they expect to pay less. Think of it as the difference between buying something at a store, compared to buying it a tag sale. We, as agents, know a lot of buyers & one of them might want your home. If have any more questions, feel free to email me: BarbBrown@kw.com.
0 votes
Jim Simms, Mortgage Broker Or Lender, Louisville, KY
Thu Oct 6, 2011
Here is an answer I posted to a similar question:

I have closed thousands of loans over the years and can count on one hand the number of transactions that did not include a Realtor. My closing attorney says her number is higher than mine, perhaps as much as 1% of her volume were between buyer and seller without a Realtor. But she added that 99% of that 1% were between relatives. I have never heard that tidbit before discussing this with her. So if you are going to sell the property to your uncle there is no need to hire a Realtor.

I just finished mandatory CE and one of the red flags lenders are being told to investigate is the absence of a Realtor in a purchase transaction. Not that it matters, just thought it was interesting we are being told to watch out when no Realtor is involved.
0 votes
Scott Godzyk, Agent, Manchester, NH
Thu Oct 6, 2011
You can not get on without using any realtor but could get on using a discount realtor in MA who charges a flat fee for you to be able to get your listing on MLS. In this market a seller needs every advantage they can get, having a good licting agent who can provide extra marketing, advertising and exposure often leads to aa quicker sale at a higher price where the higher price often covers the commission.
Web Reference:  http://www.ScottSellsNH.com
0 votes
Sarah Goulart…, Agent, Plymouth, MA
Thu Oct 6, 2011
There are many low-fee MLS listing companies who can get your home on the MLS. Depending on your available time, market knowledge, and knowledge of the laws regarding real estate, this CAN be a good way to market your home and save some money. It is not, however, for everyone.
0 votes
FSBOsuccess, Home Seller, 28590
Thu Oct 6, 2011
Eric is exactly right. FSBO can be done successfully as well as saving you a lot of money. You will have to do your research on comps, think like a real estate agent and market like crazy. But it can be done! Check out clickit.com to see if they are in your area.
0 votes
Ellen Friedm…, Agent, Cambridge, MA
Thu Oct 6, 2011
Shesaw - It is true that there are some agencies that will post your listing on the MLS for a fee. However, as others have mentioned, you will have to do your own marketing, staging, publicize and hold your own open houses, etc. If you are on the MLS you must be hoping that an agent will bring a buyer, and you will have to pay a commission to that agent. I work in Cambridge and if you decide that you would like to talk to a full-service realtor I would be happy to talk with you. I have an excellent track record for getting homes priced right and sold quickly. In either case, good luck with selling your house.

Ellen Friedman, Keller Williams Realty, ellengfriedman@comcast, 617-448-1542
http://www.justlistedincambridgema.com
0 votes
Lew Corcoran, Agent, Easton, MA
Thu Oct 6, 2011
If a buyer does not know your home is for sale, then an offer is not possible.

Some real estate agents will be happy to list your home for sale by owner in the Multiple Listing Service for a small fee. Usually you'll have to agree to pay a buyer's agent a commission if they bring you a ready, willing, and able buyer. But, if you sell the home on your own without the help of an agent, then you don't owe anyone a commission.

You will still have to do your own advertising, but a good real estate agent will also help you get your home for sale syndicated (advertised) on many of the top real estate sites that are advertising homes for sale to help increase the exposure of your home to more potential buyers.

If you would like to learn more about our Flat Fee MLS Service, visit me at http://www.howtoinfo.biz/1866/16.
Web Reference:  http://BestChoiceFSBOs.com
0 votes
Frank Dolski, Agent, Lahaska, PA
Thu Oct 6, 2011
The answer is that you cannot get on the MLS without using a realtor unless you use a low cost company to post it. The costs vary and the marketing is zero! You are much better suited ti use the services of a professional to help you stage your home for sale, extensively market, and negotiate the sale. You will miss 98% of your target audience if you just post it on the MLS. Please contact me if you have any questions.

Good Luck!

Frank Dolski MBA, ABR, e-PRO
Associate Broker
CARTUS & SIRVA Certified Relocation Specialist
Previews Luxury Home Specialist
Coldwell Banker Hearthside Realtors
215-803-3237 (mobile)
215-794-1070 x-103
f.dolski@cbhearthside.com
http://www.FrankDolski.Com
Web Reference:  http://www.FrankDolski.com
0 votes
allan erps,A…, Agent, Pearl River, NY
Thu Oct 6, 2011
You cannot and hope & wish you well in trying to market your home for the right and accurate price, making sure all appointments are kept at the consumers convenience, making sure these people are qualified to purchase a home & not criminals or con artists, negotiating your own deal, and last but not least marketing your home for maximum exposure.

If you wish to reconsider, interview several Realtors® in your area and best of luck!
0 votes
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