For sale by owner listings
Selling your home on your own, without a realtor, is becoming less and less popular. This is surprising, considering that home values have skyrocketed and commissions have risen along with them.The money to be saved can be significant enough to attempt to sell your home on your own. Especially when the market has historically low interest rates and high demand in most areas of the country.To sell your home on your own however, you are missing the most significant marketing tool available to you. The realtor’s Multiple Listings Service (MLS).Seventy percent of all home buyers start out on the Web. So it is crucial for you to be in the MLS. But, the challenge has always been that to be in the MLS you have to sign with a realtor at 6 percent of your sales price.So if your home is worth $399,000 you would spend 6 percent on your sales commissions. Not to mention your title, escrow and other expenses.So if you sell your house on your own you can save at least $23,940 ($399,000 x 6 percent).But let’s get realistic. Most buyers work with a realtor. So you will be spending at least 2 percent to 3 percent for the buyers commission.I say you will be spending because even if the buyer is paying the agent as a buyers broker, that will still reflect a lower offer to that takes into consideration the commission. So you are paying for the commission indirectly-yes?Additionally, you will find that you will have a much better reach into your marketplace by being in the MLS.So how do you do this? Well depending on your State you can list your home for a flat fee as low as $500. But, you get listed in the MLS with zero service.But, you get the reach of all the buyers brokers that subscribe to the MLS and you still save 2-3 percent of the price. http://www.real-estate-byowner.com/ Estate Sale By Owner Listings List on the MLS for less than $500.Article Source: http://EzineArticles.com/
Support Local Journalism
Support Local Journalism
Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User