When selling or buying a home, the realtor commissions can take
a serious bite out of your profit. Here's a primer on how to
sell a home for free without commissions.
Sell A Home For Free
When many people think of a real estate sale, they immediately
groan at the thought of dealing with real estate agents. More
painful, for many, is the thought of paying a six percent
commission to an agent. In the last five years, the real estate
market has seen a significant increase in the number of people
who sell their home without using agents.
A property sold without a real estate agent is known as a FSBO,
which simply means for sale by owner. If you take a look at the
real estate classifieds in the Sunday edition of your local
paper, you should see plenty of FSBO listings. With the
increasing popularity of the Internet, there are numerous sites
such as FSBOAmerica.org that provide national listings online
for free viewing by potential buyers. This is giving rise to a
fundamental change in the real estate industry.
Prior to the Internet exploding onto the scene, selling or
buying real estate could be a major time killer. One typically
signed on with a real estate agent to get listed in the multiple
listing services. If you wanted to find a buyer, you needed to
be in the listing and have open houses and so on.
Many buyers, however, now look to Internet listing sites to
develop a list of homes they are interested in. These sites
typically contain detailed information on the homes as well as
numerous pictures. Put another way, the buyer no longer has to
spend entire weekends looking at homes that simply don't
interest him or her. The buyer can now do all of the initial
work online. If they decide to come see your property, they are
already pretty serious about making an offer and typically just
want to make sure the pictures and information are accurate.
For many sellers, the power of the Internet makes real estate
agents an unnecessary expense. Why pay six percent of the sales
price as a commission when buyers are coming from online
listings of the site? As a seller, you can create these listings
online and expect to pay twenty five dollars or so a month to
keep your listing up. With this being the case, why would you
pay a commission to an agent?
If your goal is to sell a home for free, without a real estate
commission, the Internet is your best option. Real estate
transactions are very straightforward and you can pick up all
the forms you'll need at the local book store.
More Information:Visit
http://www.fsboamerica.org/ for more details.
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