FSBO + MLS = SCAM
If you are selling your home without a realtor, also called For sale by owner or FSBO, you have seen plenty of services that offer $99 to get on the MLS.
7 Reasons why this is a scam:
- There are literally 100s of MLS services . How do you know what MLS service it will be listed on. Check their website. Most don’t state which MLS you are listed on. You might be listed on an MLS that is not in your area.
- ALL MLS services broadcast the listing agents information to the websites where it will be found like Zillow and Realtor.com. Their info shows up not yours. They get the calls.
- If you are on an MLS service you are not required to pay the buyers realtor. However what realtor will show your home if there is no commission for them?
- If you offer commission, it is a requirement that websites like Zillow state the amount of the commission to comply with NAR rules. That is bidding against yourself.
- Realtors only use an MLS because it’s the only way to get their listing on websites like zilllow. They cannot enter listings directly.
- You don’t need the MLS to sell your home. You can post your home on websites like zillow for free. And if you want to pay commission to a realtor, it wont be stated in the listing for all buyers to see and know that they can discount their offer.
- You can use a service like Ownersre.com that will not only post your home on many websites including zillow but will send you a yard sign, provide you with a platform to only deal with serious buyers and realtors with buyer clients, schedule appointments, vet offers, and much more. All for one low flat fee.
Don’t be tricked to paying a realtor to get your listing, you wont have a chance to pay NO commissions at all. Sell your home yourself and save thousands. Say NO to the mls.
