Any Experience Using For Sale By Owner On MLS service?

When the time comes to sell by condo in the next 3 to 6 months or so I am considering using for sale by owner on MLS. More details on this service is located at http://www.massforsalebyowner.com/ . If I use this service I would definately consider compensating a buyer's broker which a 2 to 2 1/2 % commission. What has your experiences been with for sale by owner services? Are they worth it?Any Experience Using For Sale By Owner On MLS service?
First, 2-2 1/2% is NOT the going rate. It needs to be 3%.... lots of buyers agents see 2% and dont want to waste their time when they have a buyer who could buy something else.





Second, you can't just ';consider'; paying the buyer's agent, YOU HAVE TO. NO ONE will look at your property via the MLS if you dont. Buyers are used to having an agent and they aren't going to see it in the MLS and then just go FSBO. You also cant put in your descrition that its a FSBO, atleast not by Northwest Standards-- this is a violation of the MLS.








I think its just hokey. As a buyer's agent, I wouldn't want to deal with a FSBO seller. THey're less informed and require just as much babysitting at the buyer. I'd rather work iwth another professional.





You can try listing int he papers and putting a sign out or fliers first, and dealing directly with buyers. But if you're going the MLS route, buck up and atleast get a discount real estate agent at 4-5%.Any Experience Using For Sale By Owner On MLS service?
don't bother doing a FSBO.





get a realtor, and agree to a commission when you list the property.





using a realtor to sell your home will produce a higher sales price as well as a faster sale.





unless you yourself are a realtor or a real estate attorney, i do NOT recommend trying to FSBO. No agent is going to want to work for half the money to do twice the work. you wouldn't do twice what your work is, only to get paid half of what you deserve.





think about it.