There is a new wave in the real estate in "For Sale By Owner" and that is the future of the real estate listings. Why? "For Sale By Owner" programs typically save the FSBO home owner at least 5% and many times 7% "If They Can Sell The Home". The most difficult part of "For Sale by Owner" programs is that they do not have an mls listing component to them. This means that they do not offer other Realtors a cut of the commission for being their buyers, nor do these FSBO programs have a way of entering the home in the MLS data base.
Why Do You Need An MLS Database Listings? The MLS database allows Realtors, to enter the home that they are selling into the MLS database and when listed it allows every Realtor in the state to have access to the home information through search capabilities. This makes it extremely easy to find homes that suit their buyer's wants and needs.
Do You Still Offer a Commission to The Buyer's Agent? The answer is yes. By listing your home in the MLS system for your state you will find the buyer's agents are the ones that will be searching for your house in the MLS system and want to bring their customers to your house to show it. However they will not do this unless they have an opportunity of a commission on the selling price of the house, (typically 2-3%).
Can I Sell My House Without An Agent Through MlS? The answer is yes since MLS listings literally show up on every major real estate site on the internet including www.realtor.com and thousands of others. The odds of selling your house by yourself go up substantially when you use MLS. If you sell yourself you will probably save 5 to 7% of the total selling price of the house.
