4 ms·
I’m not a realtor but I considered selling my home myself once. Two issues I hit immediately: 1. I could not list the home in MLS as That system requires annua
by 404mm 3y ago
I’m not a realtor but I considered selling my home myself once. Two issues I hit immediately:
1. I could not list the home in MLS as
That system requires annual fees to use and you need to have a realtor license.
2. You still need to pay the purchasing side’s realtor otherwise they will simply not consider your home for their clients. That’s 3% that’s hard to get any lower.
I ended up negotiating my realtor’s selling fee down to 1.5% with the promise of using them for my purchase as well.
- macNchz 3y ago> 1. I could not list the home in MLS as That system requires annual fees to use and you need to have a realtor license. Additionally, if you were to decide to list "For Sale by Owner" and market it yourself, you can submit it to the major aggregators (Zillow et al), but their contracts with the MLS systems often disallow them from mixing MLS and FSBO listings in the same search result set, so the FSBO listings are hidden behind a toggle or something and go unseen by the great majority of people browsing.
- pb7 3y agoFurther blatant abuse of their monopoly.
- justinclift 3y agoHmmm, sounds like a cartel that could be ripe for a bit of legal action. ;)
- Willish42 3y agoaha, so THIS must be the real reason people like Redfin can make money off of giving you a "digital realtor" rather than FSBO uploads alongside the MLS listings. Makes sense, monopoly / oligopoly working as intended. I knew there had to be a reason :/ Thanks for your reply
- photonbeam 3y agoThat seems like something the government should stop