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For Sale by Owner MLS® The Either/Or Option
I'm not a big fan of this for sale by owner MLS® option. You may not even have this option available to you where you live. This MLS® for sale by owner option we'll be covering on this page, is different than the MLS® listing by owner on a previous page, which is a flat fee service. For a review click MLS® Flat Fee Service In order to find this service, you may have to do a bit of leg work.
How the For Sale by Owner MLS® Option Works
Here are the highlights: * You have your house for sale by owner. * You find a Realtor that will offer you this service. * You list your house with the Realtor on MLS® . * You continue to offer property for sale by owner. * If you sell for sale by owner, you pay Realtor nothing. * If you sell through the Realtor, you pay the agreed upon commission Plus whatever you may have spent trying to sell for sale by owner.
Pros
Here are the pros of using this for sale by owner MLS® option. * You receive maximum exposure increasing your odds of a quicker, successful sale. * With your house listed on the MLS® system, you might just find a buyer that views your property there and then decides to buy directly through you.
Cons
Here are the cons: * If a Realtor sells the property, you are not only out the commission, but also money trying to sell for sale by owner. * You may have a buyer that viewed your house with you, went to a Realtor to write offer, and you have to pay the commission agreed to on your listing agreement. - Note: If the same thing happened when just for sale by owner, you can negotiate the fee easier, and with probably better results. * There is a good chance you will ease off on your own marketing once you are on the for sale by owner MLS® system.
Not My Favorite Option
I only covered this option to make you aware that this may be available to you. Perhaps your own circumstances would dictate that you look at this MLS® for sale by owner option. Only you can decide. If you do find an agent willing to offer you this service, negotiate hard on the commission fee. Play hard to get. For More Information about Using Realtors® For Sale by Owner Realtor® Types Real Estate Fees How to List on MLS® For Flat Fee - While For Sale by Owner How to Find a Realtor® that will Represent You From For Sale by Owner MLS® - Back to Using Agents - Main Page or
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