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For Sale by Owner MLS®

The Either/Or Option

Using the for sale by owner MLS ® option, will give you the chance to sell by owner, while getting the extra exposure of being listed on the MLS ® system. Here's how to do it.

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 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 Sale by Owner MLS Realty

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 FSBO 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 to sell your property privately.
  • If you sell privately, 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 by private sale.
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 outcome.
  • 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.
For Sale by Owner MLS Sold Sign

Cons

  • If a Realtor® sells the property, you are not only out the commission, but also money trying to sell privately.
  • 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 - When Private Sale

How to Find a Realtor® that will Represent You

Understanding Real Estate Agency

From For Sale by Owner MLS® - Back to Using Agents - Main Page


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