In: Real Estate News12 Nov 2010
Now that the MLS rules have changed and agents are “allowed” to do “mere postings” on mls, I think the question to raise is “What is For Sale By Owner?”.
Take a Seller who lists with an agent on MLS only as a “mere posting”. Are they a For Sale By Owner? To be on the MLS, you have to be listed with an agent. But with a “mere posting”, the seller takes over most of the duties of the sale.
It looks like the lines are being blurred. It used to be black and white:
MLS = AGENT
FSBO = NO AGENT
Now things are slightly different. I think that it comes down to bottom line with most sellers. “How much money will I be left with at the end of the sale?” this is the main question. However, like everything, price should not always be the most important aspect. What about these questions:
“How fast do you want your home to sell?”
“How much time do you have to devote to your sale?”
“What are the success rates or For Sale By Owners, mere postings, and traditional MLS listings?”
“What are buyers comfortable with?”
“How many buyers are working directly with agents vs how many buyers go on Realtor.ca themselves?”
“Will I sell my home on MLS if I do not offer a competitive commission to an agent?”
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1-855-900-SOLD and speak to a customer service representative. We have licensed real estate professionals on staff ready to take your call right now. List your property for sale by owner today. New! We now accept real estate listings from real estate agents and new home builders & developers. More Information »
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