Page 8 - Ultimate guide to selling you home on your own

4.THE DOWNSIDE OF

USING THE MLS AS

A FSBO

If you know anything about

real estate, you're probably

aware that you can now get

on the local "MLS" even if

you're selling on your own.

This wasn't always the case. That

privilege used to be only available to  You're going to have to offer a
licensed real estate agents who were buyer's agent a commission.

hired to sell a client's house.
While legally there is no "normal"

However, now there are companies, or expected commission
essentially licensed agents, who will percentage, you need to know

list your home on the local MLS for a what other listings are offering to
much smaller "flat fee," lower than the buyer's agents. And, it would make
percentage commission would be. It sense to be competitive. So, find

varies, but let's say it'll cost you a few out what that would be in your
hundred dollars to do so. area. You will likely find it to be

somewhere between 2.5% to 3%.
That might sound super appealing to a
homeowner. All that exposure at a  You're going to have to be willing to
lower cost. deal with buyers who are working

with a buyer's agent.
But there are problems with doing this  Regardless of how smart you are, or
that many homeowners don't think how good of a negotiator you are,

about before they do so. you're putting yourself in the

position of having to deal with
Here are 4 reasons why you shouldn't
list your home on the MLS when you're

selling your home on your own.

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