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Selling my home FSBO online
Posted on 9/15/15 at 3:47 pm
Posted on 9/15/15 at 3:47 pm
Selling my house For Sale By Owner, wanted to list it online to increase exposure. Anyone use any websites they recommend to get it sold?
4
Posted on 9/15/15 at 3:56 pm to ryanlesh
We just sold ours recently. Used FSBO.com. We actually purchased the MLS package but had a contract before it got up on the MLS. We got a refund for that part of the package.
Posted on 9/15/15 at 11:33 pm to ryanlesh
FSBO.com is probably the best bet just to put it on a site with some traffic.
This is my advice as a Louisiana realtor:
Make sure to get the proper forms and property disclosures that are required on all sales from the Louisiana Real Estate Commission website.
A strong majority of buyers use agents, which are sometimes known to skip a FSBO that looks like there is no commission for a buyer's agent. No commission means wasted time educating buyer, preparing them to be financial able, showing houses, and possibly having some sales fall through. So make sure to put buyer's agent protected on the listing or they may flip through it fast. (2-3% is norm for buyer's agent).
Read the fine print on flat fee MLS listings through websites. I get calls about houses that are listed on MLS in another state (like NJ) that lists the house as active even though it sold 5 months ago. No local agent will ever see it through the MLS, which is the main point of paying for an MLS listing. NO agents don't even see BR listings because of different boards. Just talk to a local agent about limited service listings. Someone will probably beat the online price and you have an individual accountable instead of a website.
Finally, if you are unsure about anything or just want to bounce a strategy, send me an email at my username at gmail. I don't bug you to list. I just help FSBOs along because it's fun to hear all the unique trials and tribulations.
This is my advice as a Louisiana realtor:
Make sure to get the proper forms and property disclosures that are required on all sales from the Louisiana Real Estate Commission website.
A strong majority of buyers use agents, which are sometimes known to skip a FSBO that looks like there is no commission for a buyer's agent. No commission means wasted time educating buyer, preparing them to be financial able, showing houses, and possibly having some sales fall through. So make sure to put buyer's agent protected on the listing or they may flip through it fast. (2-3% is norm for buyer's agent).
Read the fine print on flat fee MLS listings through websites. I get calls about houses that are listed on MLS in another state (like NJ) that lists the house as active even though it sold 5 months ago. No local agent will ever see it through the MLS, which is the main point of paying for an MLS listing. NO agents don't even see BR listings because of different boards. Just talk to a local agent about limited service listings. Someone will probably beat the online price and you have an individual accountable instead of a website.
Finally, if you are unsure about anything or just want to bounce a strategy, send me an email at my username at gmail. I don't bug you to list. I just help FSBOs along because it's fun to hear all the unique trials and tribulations.
Posted on 9/16/15 at 8:04 am to nolatiger711
The more I learn about it the more I realize that the real estate agent business is one of the biggest con games going ..
Posted on 9/16/15 at 9:02 am to ryanlesh
By getting it on the MLS, you increase exposure 10 fold.
Posted on 9/16/15 at 9:26 am to GeeOH
quote:
By getting it on the MLS, you increase exposure 10 fold.
I agree with this, but like someone else has said unless you are willing to pay the 2% to the buyers agent I do not think it is worth it to list in the MLS.
My experience with with selling FSBO is buyers agents will contact you even without it listed in the MLS.
Posted on 9/16/15 at 12:02 pm to threeputt
quote:
The more I learn about it the more I realize that the real estate agent business is one of the biggest con games going
I thought the same before I actually was licensed. There are a lot of individuals that can handle selling it themselves. That's why I encourage them and help answer questions about FSBO. However, there are a lot of people that are completely lost for numerous reasons. Also, there are a lot of people that go FSBO, think they know what they are doing, and leave more money on the table than they would have spent using a realtor. (I just bought a FSBO at $65k even though he was asking $60k. I sold it two weeks later for $90k cash without touching it. He would have spent $5,400 to sell it for $25k more, but he will never know and still feels proud he avoided the con of a realtor.)
The issue lies with the seller. 70% of sellers contact one agent before listing their home. If you are going to spend thousands of dollars on a service, interview a bunch. You waste maybe 15 minutes interviewing a realtor, but you will find a huge difference in service for the same price.
Realtor A and Realtor B may charge the same commission to list your home, but Realtor A may take 5 crap pictures, use 3 lousy comps, and throw it up on a website. Realtor B could spend time pulling the 20 best comps to price appropriately, measuring the entire house, setting up floorpans, taking 50 quality pictures, plugging it in to MLS and 650+ websites, paying for spotlight and featured listings, setting up flyers, mailing just listed postcards, holding open houses with food, keeping up with and interpreting website traffic, negotiating ALL the different parts of a contract, and handling inspections and appraisals issues. The seller just sees Realtor A and judges all realtors by that.
Plus, a realtor doesn't clear as much as people think if they actually do all of the above.
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