Post your For Sale By Owner (FSBO) for free on these
- Zillow: Visit Zillow Help Center for other helpful information
- Postlets (owned by Zillow) is free and syndicates with a number of sites.
REALTOR.COM does not allow FSBO listings, so to get on that one you have to contract with a Realtor somehow. However, here is a TIP to get you on Realtor.com: a home listed through a “flat fee” broker the National Association of Realtors is not considered a FSBO since it becomes available to all other cooperating brokers in that MLS. Caveat: When using a Flat-Fee Service you typically have to agree to pay a pre-set commission to a buyer’s agent to list with a flat fee service.
You may not want to do this if you wish to sell the property yourself without paying any commissions, but at least call and ask what the commission to a buyers agent would be.
How to find a flat fee broker: google Flat Fee with the name of your city and state ) will place you on Local MLS. Realtor.com, Zillow, Trulia and many other Sites. A licensed broker in your local market can help you prepare the paperwork, which is a bit overwhelming at times. A reasonable flat fee for just the paperwork is around $1k.
Thus, by going with the flat fee broker, you actually get a good bit more visibility beyond realtor.com as well through sites that pull from realtor.com’s information and the MLS’s data feeds. REMEMBER: With a flat fee broker, while it may seem like you have an agent, you actually negotiate for yourself and have little or no support from the listing office.
This was posted by the DOJ: “Consumers who live in states permitting the option to choose innovative brokerage options, such as rebates or fee-for-service MLS-only packages, can potentially save thousands of dollars on commission payments.“…The Importance of Competition in Real Estate to Consumers
(A lot of Real Estate Info on the Department of Justice site)
MARKETING YOUR HOME: The power of marketing can help you get multiple offers and a lot more than the commission percentage difference for your property. Create a panoramic using your Iphone and post it on Youtube with good descriptive info.
REALTORS TELL US THAT A REALTOR IS FREE TO A BUYER. IS THIS TRUE? The reality is that someone is going to pay the realtor. Although at closing the commission comes from the sellers side, the realtor representing the buyer (the buyers agent) gets a cut. That is also why the sellers agent will work hard to get the biggest amount of money for the seller…. so that the Realtors both make more commission from the higher selling price . (So, no, technically the buyers agent is not free to the buyer, afterall.)
They may help buyers do some “homework” but that is pretty expensive work they do