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It's very hard to find a home you want to purchase without access to the MLS system It's very hard for potential buyers to become aware of the house you have f

It's very hard to find a home you want to purchase without access to the MLS system It's very hard for potential buyers to become aware of the house you have for sale without it being in the MLS system Realtors control access to the MLS system. See where I'm going with this?

lotsofpulp 6y ago
No, I don’t see where you’re going with this. Sounds like a group of people created a product that helps facilitate real estate transactions, and they want to get paid for it: https://www.nar.realtor/nar-doj-settlement/multiple-listing-service-mls-what-is-it https://www.nar.realtor/nar-doj-settlement/multiple-listing-... If you don’t want to pay the real estate agent organizations, you can put your real estate listing on Craigslist, buy online ads, stick a sign on your yard, go door to door to various real estate agent offices, etc.
- reducesuffering 6y ago
  They're alluding to a cartel or mafia.
wayneftw 6y ago
Zillow lists homes for sale by owner. Last time we bought a house, we almost exclusively used Zillow to search for them because all the Realtor-branded MLS access systems sucked. In the end, the house we bought was found on Zillow. Our real estate agent worked pretty hard for us buying and selling and we were glad to have him. When we found our new house, it was on Zillow for only 8 minutes and he got us in first during a peak market. It was his tip that "sellers will often stick with the first buyer who offers selling price instead of waiting for better offers" that allowed us to beat everyone else, even though our sellers had actually gotten a higher offer because it made us give them an offer immediately after our first tour. This was after we had basically lost out on three other sales for houses that we wanted (not his fault - we weren't first or highest on those).
lupire 6y ago
Redfin and others give free access to the MLS system. The next two sentences are simply false.
- olyjohn 6y ago
  Redfin will let me list my house on the MLS without a fee?
  - mfkp 6y ago
    I think parent comment meant you can view MLS listings for free (not understanding that the question was about having to pay to get listed on MLS). Redfin does charge lower listing fees than average though.
codingrightnow 6y ago
That's news to me. My last two real estate agents didn't send me a single house to consider. They haven't helped me determine a reasonable offer. I've been looking for 9 months and have only been to 3 properties. Thinking of just firing my realtor and doing it myself.

lotsofpulp 6y ago

No, I don’t see where you’re going with this. Sounds like a group of people created a product that helps facilitate real estate transactions, and they want to get paid for it: https://www.nar.realtor/nar-doj-settlement/multiple-listing-service-mls-what-is-it https://www.nar.realtor/nar-doj-settlement/multiple-listing-... If you don’t want to pay the real estate agent organizations, you can put your real estate listing on Craigslist, buy online ads, stick a sign on your yard, go door to door to various real estate agent offices, etc.

reducesuffering 6y ago
They're alluding to a cartel or mafia.

wayneftw 6y ago

Zillow lists homes for sale by owner. Last time we bought a house, we almost exclusively used Zillow to search for them because all the Realtor-branded MLS access systems sucked. In the end, the house we bought was found on Zillow. Our real estate agent worked pretty hard for us buying and selling and we were glad to have him. When we found our new house, it was on Zillow for only 8 minutes and he got us in first during a peak market. It was his tip that "sellers will often stick with the first buyer who offers selling price instead of waiting for better offers" that allowed us to beat everyone else, even though our sellers had actually gotten a higher offer because it made us give them an offer immediately after our first tour. This was after we had basically lost out on three other sales for houses that we wanted (not his fault - we weren't first or highest on those).

lupire 6y ago

Redfin and others give free access to the MLS system. The next two sentences are simply false.

olyjohn 6y ago
Redfin will let me list my house on the MLS without a fee?
- mfkp 6y ago
  I think parent comment meant you can view MLS listings for free (not understanding that the question was about having to pay to get listed on MLS). Redfin does charge lower listing fees than average though.

codingrightnow 6y ago

That's news to me. My last two real estate agents didn't send me a single house to consider. They haven't helped me determine a reasonable offer. I've been looking for 9 months and have only been to 3 properties. Thinking of just firing my realtor and doing it myself.