 Posted 10/13/2007 2:40:39 PM
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| There seems to be some confusion about what it means to put a home on the MLS. Under the strict definition of the term, any service including individual websites, that promote multiple listings is an MLS. There are many online services that advertise home for sale, and they might result in people finding the home online. If a Realtor has a client that is interested in the home that their client finds on one of these websites, they do have a fiduciary responsibilty to show that property. They also have a fiduciary duty to show the property if they happen to go to an individual website advertising For Sale By Owners, in an effort to find a property that fits the criteria that their client is looking for. The thing that I think alot of people don't understand, is that most Realtors belong to an MLS that services all Real Estate Brokers within a specific region. You have to be a Realtor to post on their MLS and there are strict regulations about how these properties are marketed on the MLS that Realtors use. It is very rare in the current market that a Realtor will look for properties that are not listed on their MLS. In a market we are always looking for any property that we can find for our clients. Currently on the MLS that I am part of there are over 5000 homes for sale. Very rarely will I show more than 15 homes before I write a contract for a particular buyer. The point being, that if you aren't on the MLS that Realtors use to find properties, your property isn't likely to be found. I can't say that it never happens. My last closed transaction was a For Sale By Owner that was listed on a private MLS. Its just not going to be found as easiy or shown as quickly. I should also mention that their is an extra benefit to being posted on the MLS that Realtors use. The listing in most cases will be uploaded to Realtor.com and IDX. IDX is the most important because it will then be posted on the websites of a few thousand individual agents and brokers simultaniously.
Scott Shadrick
Keller Williams
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Posted 10/18/2007 5:07:42 PM
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Sure everything is negotiable and some realtors even charge as little as 1 point but that doesn't change the economy. Face it folks, economy is in recession and there is a surplus of inventory (houses) so unless yours is an extremely good value for the money it isn't going to move quick. I personally treat all my sellers like kings and queens but in my fidiuciary capacity have to be honest with them. The I have a "house on the market for $500k in Burbank, CA. if anybody is interested" doesn't cut it anymore. More advice, talk with your neighbors, they made need a house close to theirs for family wanting to move close to them.
I am a California based real estate consultant but have lived 20 years in Spain and can help you with any real estate transaction there. They do not use escrow but rather "notarios".
Soy un consultor de bienes raices en California, USA y puedo ayudarle con cualquier tipo de transaction comercial.
Mi tel es: 1 (818) 415-5633
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Posted 10/18/2007 5:09:44 PM
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Good question Linda, but don't be naive. People in real estate work for money, not for love...
I am a California based real estate consultant but have lived 20 years in Spain and can help you with any real estate transaction there. They do not use escrow but rather "notarios".
Soy un consultor de bienes raices en California, USA y puedo ayudarle con cualquier tipo de transaction comercial.
Mi tel es: 1 (818) 415-5633
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Posted 12/28/2007 1:19:28 PM
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I'm afraid is always comes down to price. If you aren't getting any lookers or offers, you are probably priced to high.
DebtFreeDave
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Posted 2/15/2008 10:36:13 AM
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| Hello, My name is James Harris. Owner of Creative Real Estate Transaction engineers I can help those who are selling their homes on their own. You don't need a realtor, but, you will need someone who knows how to sale a house. I can consilt with you to get your house sold and for full appraised value. Let me help you get your house sold.
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Posted 2/21/2008 4:14:25 PM
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Hi Linda,
It would seem that they would have the "duty" but the reality is that often realtors are working with other realtors and looking out for them as well. I recently heard that realtors in very tough markets like southern Florida are willing to pay a super commission, 8% to a buyers agent that has a buyer ready.
I think the key is to offer everyone in the process a little added insentive.
1. Price your home just below the comps to attract attention and more than just a glance.
2. Place it on the MLS at with q 3.25% commission offered, this gives the buyers agent a little insentive to work with you than just split a 5-6% fee with another agent.
it's all about just standing out from the pack and rememebering that people are just people and need a push often
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Posted 2/26/2008 8:34:30 PM
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| I had the same problem. There is a company in KC that helped us with our house. I highly recommend them. They showed the house for us and even did our open house. What was really cool was that they gave us reports that told us what the people were saying about our house. Good stuff. I don't know their phone number but you can find them at redboulevard.com.
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Posted 2/27/2008 10:44:58 PM
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Hi Julie, I'm in the same boat. Posted since Feb. 4, 80 views and not one call. I'm also listed with MLS, still no action, no interest, I've already reduced the price by 10,000. According to local comps and what I've been told by agents, the house is priced correctly. It's a nice house. I've included many pictures in my listing, and have a sign on front lawn. I'm hoping its the season. Incidentally, your house looks very nice to me, but I'm from NYC and don't know what houses go for in your area. To my eye, the only thing it needs is some landscaping. Good luck.
cajalin
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Posted 3/23/2008 10:20:00 PM
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There are two resasons houses don't sell, in any market:
1. Price
2. Exposure
If your house is getting exposure, and it's priced right, it will sell.
The hardest thing is exposure. The Realtor MLS is still, no matter what, the largest source of exposure, especially on the Internet. Realtor.com has more than 5 million views a day, or some similar number. So a flat-fee listing, at the very least, would be great.
Whether you go with a flat-fee or a standard fee Realtor, if you want your listing to really stand out on Realtor.com, ask that it include a virtual tour. It only costs the agent about $25.
You will also want to list your home in as many FSBO sites as you can find, including, most especially, craigslist.com. There are other free sites that will let you copy code for decent-looking ads if you want to list on some of the other free sites.
But don't rely only on the Internet. If you don't have a Realtor, you must market your own listing proactively. Make flyers and pass them out at your local grocery stores, Kmarts, Walmarts, etc. Ask local businesses if you can leave flyers with them, or if they will post them in their lunchroom. Leave flyers on everyone's doorstep in the neighborhood. Or, get the names and addresses from the tax rolls and mail postcards to all the neighbors. Find a mortgage broker who would be willing to "co-market" with you (they get all the potential buyers; you get your buyer pre-qualified). Hold open houses. In other words - selling a house is a lot of work! That is why good agents get paid what they do!
Good luck, and if you find something that works, I'd love to hear your tips (see below)
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Posted 7/4/2008 2:21:15 PM
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It is not clear.....is there any difference listing on a flat fee MLS or make a contract with a realtor and work with them? (beside of the price what I am paying)
First I tried to sell buyowner.com, then I listed on a flat fee MLS, not a phone call in the last 6 months! I know that I am in a difficult market (Miami, FL), but would I have better chance if I listed with a realtor? Buyer agents look other houses than what they listed themselves or have a contract with other agents?
Anybody can give me some advice? I have a year to sell, but I need to move next summer! But I do not want lower the price as if I was foreclosing.....because I am not......
Gabriella
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