Zillow Alternatives – Reozom and Other MLS Providers

If you’re thinking about selling your home, there are a variety of things to consider. For example, is for sale by owner a viable option, or should you enlist the services of a professional realtor. That said, if your goal is to save on realtor fees, listing and selling your home on your own might be a more attractive proposition. But what does this process entail, exactly? This is a common question that many homeowners have, and in this article, we will explore the tenets of selling your home without the aid of a professional realtor.

It should be noted that selling your home on your own does not absolve you from the task of listing and showing your home to prospective buyers; this is still a necessary, and critical, step for selling a home. However, if you have never sold a home, this process may seem daunting. Fortunately, there is a myriad of online services that can help streamline this process for you, Zillow being one most recognizable. Continue reading

For Sale By Owner Infographic – Selling your Own Home

FSBO & MLS Listing - Sell your Home - No Realtor

Selling a Home on your Own through Flat Fee MLS/FSBO Listings

I. Why sellers choose flat fee MLS/FSBO listings:

  1. The seller wants more control of the sales process
  2. The seller does not want pressure from a real estate agent demanding that they sell to anyone for any price.
  3. The seller prefers to save money on real estate fees.

II. How to sell your home on your own

  1. Cut out the middleman
  2. Get your property listed on an MLS
  3. Market your Listing

III. Why the popularity of MLS/For sale by owner has grown over the years

  1. According to MLS data, flat fee MLS listings sell faster than full commission listings sold by traditional realtors.
  2. For Sale by Owner (FSBO) users who list on MLS’ using an entry-only MLS listing end up selling their home on average for a higher price per square foot than homes sold by traditional full commission agents
  3. Flat Fee MLS listings allow homeowners who want to list by owner to save thousands of dollars in real estate commissions
  4. 2014 data available for a Massachusetts MLS system showed that 198 single family homes sold in 2014 across Massachusetts that have leveraged the entry only through MLS process (seller lists on the MLS for sale by owner without a realtor) carry an average days on market (DOM) of 89 and the average sales price per square was $213
  5. In contrast, 11,623 single family homes that were sold by traditional real estate agents charging a full commission where the average days on the market was 109, the average sales price per square foot was $205
  6. In 2014, on average, FSBO’s who listed their homes in MLS with an entry-only MLS listing have saved $10,790 in real estate agent commission
  7. In 1981, 22% of home buyers read newspaper ads to find a home and 8% used friends as information source. In 2016, 44% looked for properties online first. In today’s digital age, search for homes is done through apps and online listings to maximize the ability to compare homes on the market according to selected features.

Sources

https://en.wikipedia.org/wiki/Flat-fee_

13 tips on how to sell your home without a real estate agent


https://entryonlynewengland.com/2014-mls-statistics-show-entry-mls-benefits-fsbos/
https://www.nar.realtor/sites/default/files/reports/2017/2017-real-estate-in-a-digital-age-03-10-2017.pdf

 

 

Realtor FAQ – All About Realtors

Real estate agent - Realtor

Please note: This article is provided for helpful purposes but should not be considered legal advice.

One of the most important decisions you have to make after deciding to buy or sell a home is hiring a realtor to help you through that process, which includes listing the property, advertising it, arranging for open houses, showings, inspections and closing the sale.

Below are some common questions when considering employing an agent:

Are realtors self-employed?

Licensed real estate agents are considered statutory non-employees by the Internal Revenue Service are treated as self-employed when it comes to federal tax purposes as long payments for their services are substantially related to sales or other output versus the number of hours they actually work.

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