Archive for the ‘for sale by owners’ Category

Flat Fee Real Estate Advertisting

Flat fee MLS has become the preferred advertising method for by owner real estate sellers. In fact, no other mode of advertising is more effective for home sellers in reaching the largest groupd of home buyers. The math is simple. You can pay a few hundred dollars for flat fee MLS listing with an online real estate company like Bloomkey.com or HouseZooks.com and reach millions of potential buyers. Most flat fee MLS listing packages last for 3 to 9 months – some for up to a year or even ‘until SOLD’. Or you can pay a similar amount to a local newspaper to reach a few thousand people. But newspapers classifieds usually last for just a few days.

As an advertising medium it’s hard to beat the Internet these days. A flat fee MLS listing with Bloomkey not only provides a listing on the Realtor Multiple Listing Service but also includes advertising on the leading real estate sites like Realtor.com, Trulia.com, Zillow.com as well as most of the major real estate franchises’ websites like Century 21, Prudential, Help-U-Sell, etc. When you stop to think about it, it’s really quite astounding how far your marketing dollars will go with a flat fee MLS listing. What just a few years ago would have required a real estate owner to give up 6% times their property’s sales price can now be obtained for less than the cost of a newspaper classified advertising campaign. Chalk it up to the economies of the Internet.

As with so many industries, Travel and Stock Brokerage to name two, the Internet has drastically impacted the costs associated with gaining access to the market for consumers. The efficiency afforded by being able to reach so many people for so little makes the Internet the perfect medium for real estate. Flat fee MLS is the best way to take advantage of the evolution of real estate marketing.

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Flat Fee MLS

Flat fee MLS listing gives home sellers an cost-effective method for reaching the most home buyers. A listing in the Multiple Listing Service (MLS) is the best advertising a seller can get. Over three quarters of properties sold nationwide sell through the MLS system. The MLS is to real estate what a stock exchange is to securities.

Getting listed on the MLS wasn’t always as easy as one might suspect. To be able to post property listings in the MLS you must be a licensed real estate broker. Licensing is required in order to gain membership to the MLS. Additionally, most MLSs require membership in the National Association of Realtors® the trade organization for real estate agents and brokers. In the past, a property seller had no alternative other than paying a commission of 6% of the property’s value to a real estate broker in order to gain access to the MLS.

With the advent of the Internet, information about real estate for sale or lease became more readily accessible to consumers. Real estate brokers have come to realize that they no longer control the access to property for sale and lease information in the way they once had. In order to remain viable many real estate brokers have migrated to the Internet and begun offering ‘a la carte’ real estate services and products. One of those services is a listing on the MLS.

Now Internet based real estate companies like Bloomkey.com offer by owner real estate sellers low cost, flat fee real estate selling tools and services including an introduction to flat fee brokers who can provide advertisement in the MLS for a flat fee. With a flat fee MLS only listing on the MLS, by owner home and property sellers handle all other aspects of the sale for themselves while being able to gain access to the valuable pool of ready buyers only available through the MLS. That way they can keep control over their entire real estate transactions, including when the property can be shown, while retaining far more of their home’s equity than sellers paying a full commission to traditional real estate brokers.

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For Sale By Owner

HouseZooks today launched a new website dedicated to assisting for sale by owner home and property seller’s maximize their saving and returns on their real estate transactions. The site includes nationwide real estate property search, home valuation tools, information and statistics on the local real estate market, mortgage rate and closing cost estimation tools. HouseZooks also provides for sale by owner home sellers with an introduction to a local real estate agent who can advertise their property on the Multiple Listing Service for reduced rates starting at just $199.00.

Internet websites like HouseZooks have greatly reduced the cost to consumers for real estate information, marketing and brokerage related services. What once cost home owner’s 6% of their property’s equity can now be obtained for thousands of dollars in savings. Since most people now shop online for real estate, it just makes sense that more property owners are choosing to make use of tools to maximize their real estate returns. HouseZooks allows by owner sellers to compete with real estate agents and brokers by providing the same advertising access to the marketplace.

Property’s advertised with services like HouseZooks also help sellers during down markets when price is so important. Sellers who aren’t having to give up so much of their equity to real estate commissions can price their homes more competitively and still come away with a larger net sale proceeds.

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By Owner in Minnesota

Selling a home by owner in Minnesota? There’s plenty of impetus right now to go the ‘for sale by owner’ route. With housing prices still on a somewhat downward trend, you’ll want to maximize your net proceeds – the amount of cash you get to keep after the sale. And there’s no better method for doing just that than selling by owner.

So how do you get started and what will you need? For a complete free guide to selling your home by owner, take this home seller survey. And remember that marketing your home can be expensive. So consider ways to promote your home that provide you with the greatest marketing exposure possible for the least amount of money. ‘Flat Fee MLS’ can provide you with the exposure you need to sell your Minnesota home without losing your shirt.

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fizzbo FSBO for sale by owner house by owner

You hear a number of terms to describe selling your home on your own but what it really means to you is saving money. And, of course, the sense of accomplishment that comes from doing something on your own that requires going out of your comfort zone. Selling for sale by owner is a great way to do both.

Imagine yourself selling on your own; never being required to give up 6% of your home’s equity again; seeing your neighbors in awe of how you’ve accomplished a sale in a down housing market; your sense of accomplishment at having acheived your goals. Try FSBO – you’ll be glad you did!

FSBO sellers get the chance to learn something about their largest investment that home owners who simply turn everything over to a Realtor don’t get. It’s funny that people will take the time to learn about their latest gadget, but when it comes to their most important asset they’d rather not delve too deeply. Perhaps its the idea that selling a home by owner is too complex or that financial transactions are better handled by full-time professionals.

While there is a certain level of complexity involved, thousands of home owners successfully sell their homes every year. And, those who do take the time to learn about the process save, on average, over $6,000! There aren’t too many places you can earn $6,000 in just a few months so maybe it’s worth considering the ‘for sale by owner’ route.

No longer is it an ‘all or nothing’ proposition to sell a house by owner. Today there’s a wealth of information available on the Internet to assist in navigating the real estate transaction. Additionally, there are a number of online companies that provide varying levels of real estate brokerage assistance so that FSBO home sellers can pick and choose which services they need in the event that the process becomes more complicated than anticipated. And, as far as marketing is concerned, online flat fee companies provide the same level of access to the market as that of full-time professional real estate agents and brokers.

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FSBO on Realtor.com?

A real estate market like this makes many home owners wonder if selling with a Realtor® is even possible. With housing prices going backwards, after paying the expenses associated with selling, there’s just not a lot of equity left over. In a lot of cases paying a commission of 5-6% means not only giving up equity, but bringing money to the table.
FSBO Realtor.com
Now there’s a way to reach the market without having to give up a big chunk of your home equity. Realtor.com is the nation’s leading real estate portal boasting over 6 million monthly visitors. Until recently, the only way to have your home listed on Realtor.com was to list with a real estate agent and pay a commission. Now, several online real estate companies have opened access to Realtor.com to For Sale by Owners (FSBO) property sellers without having to pay a listing commission.

Bloomkey.com is one company that provides a FSBO Realtor.com package for property sellers. For a one-time flat fee, bloomkey provides access to Realtor.com as well as a number of leading real estate websites and portals. You can start by entering your property information online and uploading photos of your property. Then, if you want, you can provide Video and Audio tours of the property for added exposure.

In today’s market, exposure is critical. Internet listing is a great way to promote your property and listing on Realtor.com and other top websites is the best way to ensure that the largest group of potential buyers sees that your home is for sale

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