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The 7 Deadly FSBO Myths: Part 1

In an industry that for the most part has remained unchanged for decades, we understand why For Sale by Owners and real estate investors want to sell without using or paying for a Realtor. We speak to hundreds of sellers every month that want to go forgo using a Realtor, and we want to address some of the most common misconceptions about selling on your own.

“I don’t need to be on the MLS to sell my house.”

Until recently, the only way a seller could get MLS exposure was by hiring a realtor to represent the property. This meant signing a contract to agree to pay out a hefty commission upon a successful close. This is one reason why some sellers are hesitant to get on the MLS. Fortunately there are solutions like ListingSpark to get on the MLS without shelling out 6% of the property value. Not being in the MLS a barrier to selling a home and here’s why: It doesn’t cost a buyer anything to use a realtor to purchase a home, so there is really no reason that a buyer wouldn’t use one to assist with showings, write contracts and oversee negotiations. The bottom line is that agents don’t look for For Sale By Owner or off-market homes, they look on the MLS for homes to sell their buyers.

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