The Multiple Listing Service – frequently referred to as the MLS – is the primary director of for-sale homes. The database is used by realtors and online home directories like Zillow and Redfin. The MLS was created in the 1800s so realtors could sell houses more effectively and serve clients better by going outside the listings within their own brokerages.
In a digital world, the MLS is a must as most homebuyers will first go online to start looking for homes in their area. Typically, listing your home on the MLS is something that a real estate broker will do for you. If you’re selling your home “for sale by owner” (FSBO) and want your home listed on the MLS to increase exposure, you need to find a way to list on MLS without a brokerage. Luckily, there are flat-fee services that can help. But, before you dive into that, read on for a few things to keep in mind.
A for-sale by owner home sale can require a lot of heavy lifting for the seller. One of the biggest challenges is marketing the home. When you list on MLS, you expand your buying pool. This means your home is viewable not only on online listing sites like Zillow, Trulia, Redfin, and more, but real estate brokers can see your home and show it to their clients. While listings on popular real estate websites are great, the MLS has the most accurate and up-to-date information, which homebuyers will appreciate.
In many cases, homeowners decided to sell their homes on their own to save money. Hiring a real estate agent comes with a hefty price tag, typically in the form of a commission payment. The average commission is 3% of the sale price of your home. But, in an FSBO transaction, you avoid that fee, specifically on your end. You will be required to pay any commission fees to the buyer’s agent, should they have one.
To get your home listed on the MLS, you can use a listing service. These types of services require a flat fee that is significantly less than what you pay a real estate agent in commission. While you can enjoy savings with an FSBO sale and utilizing an MLS listing service, there are some factors you’ll want to consider that could inhibit your home’s sale price.
On average, homes that are sold without an agent sell for less than homes sold with one. So, while you might save money on commissions, you could be losing money on the sale overall. Agents are equipped with the skills and knowledge to negotiate more money for your home. However, if this is a skill you’re great at, you could manage to get the most money for your sale.
Selling FSBO is not an easy task. It requires a lot of heavy lifting you’ll need to do on your own from marketing to writing home descriptions to photography to negotiations. It can be an incredibly time-consuming and demanding process. If you have the experience, knowledge, and time to handle the task, go for it. But, if you don’t know that you’re in for quite a lot of work.
Another key factor to consider when selling your home on your own is any legal risks. You need to abide by disclosure laws, which traditionally real estate agents are familiar with. Make sure you read up on any legal information you need to know before choosing FSBO.
Luckily, there is a great option for an MLS service that can take some of the burdens off your hands. HomeLister is not only a stress-free way to list on MLS, but it also provides valuable services that make FSBO selling simpler. HomeLister has three different service options so you can find one that best serves you. Their most popular service, Premium, offers useful marketing tools like professional photography and marketing collateral, and useful tools for you like paperwork management and offer review and counteroffer preparation.
Choosing a for sale by owner transaction to selling your home can be a huge benefit for homeowners, especially if you’re ready and willing to handle the task on your own. You can save a ton of money and have a lot more control over the sale. And, you don’t need to make sacrifices by not using an agent. Now that you have the knowledge of FSBO, you can choose an MLS service that gets your home in front of more buyers while saving you thousands of dollars.
Tiles for walls are more than just practical elements of your home interiors—they are design statements that bring both beauty and functionality to your spaces. Have you ever wondered how a simple change in wall tiles can transform an entire room? With endless options in materials, textures, and designs, tiles can enhance any room, from […]
Creating the perfect wardrobe design for your bedroom interiors can feel like a challenging puzzle. After all, this piece of furniture isn’t just for storing clothes – it’s also a defining feature of your room’s style and a key element of organization. It’s not just a practical necessity; it’s also an essential element that contributes […]
Given a marble’s beauty and timelessness, the variety and types of marble are extensive and boundless in the modern world. Different types exhibit different colors, patterns, and textures based on their origin. That being said, selecting the right type and variety that suits your space is crucial to justify the beauty of marble. Regardless of […]
Marble bathroom designs transform your bathroom interiors to a great extent, considering marble’s purity, shine, and grace. With bold veining, rich texture, and different colorations, marble can transform an ordinary bathroom into a different level of refined relaxation. From sleek, minimalistic designs to strong statement pieces, marble suits your styles, rendered to be equally complimentary […]
When you walk into a room, what’s the first thing you notice in the interiors? The furniture, the walls, or the ceiling? Often overlooked, the ceiling plays a significant role in defining the ambiance of a room. If you’re looking to add some flair, sophistication, or a modern touch to your living room, false ceiling […]
As soon as you enter a space, walls define its boundary, volume, style, and experience. Interior wall designs are crucial in determining the mood and aesthetic appeal of an interior space. To create a one-of-a-kind space for occupants and guests, the interplay of interior wall designs and their volume is key. To evoke a feeling […]
In small bathroom layouts, every square inch counts. Without a thoughtful plan, a small space can quickly become cluttered, making it feel even more cramped. The right bathroom layout not only enhances functionality in interiors but also creates a sense of openness. Think about it—how frustrating is it to move around a bathroom where the […]
Do you enjoy keeping games, books, and ornaments in your hallway? This carefully chosen collection of living room storage ideas will complement your interior decor and be suitable for Indian homes. These are chosen from a shortlist of different product designers’ living room storage designs on Archioo. The following living room storage concepts have been […]
Creating a TV unit design in bedroom requires the right balance of functionality, optimization, and aesthetics to enhance the space. Apart from cots and wardrobes, TV units in a bedroom play a pivotal role in captivating an individual’s attention. Keeping in mind, the design theme and concept of your home, the TV unit design in […]
Are you worried about the small space left in your kitchen? In parallel kitchen design, the layout divides the kitchen into two parallel counters. Including the parallel kitchen design, the work sequence includes store, wash, prepare, cook, serve, eat, and be followed by clear and wash up. From the sequences, we learn that three appliances […]