For Sale By Owner Websites Offer Many Options

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With the recent despair in the housing market, house values ​​are dropping substantially throughout the US. Homeowners are researching ways to recoup some of their losses by selling their homes on their own.

Hiring a real estate agent to sell your home has always perplexed me. I have sold numerous homes over the years and the listing agent never actually sold my home. In one case I even sold my own home when someone knocked on my door after seeing my sign. I negotiated a price then and there and shook hands on it without the real estate agent. The sad part of the matter was that he made 6% on my home sale ($ 16,000) without doing anything. I remember asking him if he could give me a break in the commission price since I sold the home. In a rude manner he said that it was his sign in front of my house that sold the home, not me.

According to 2006 National Association of Realtor statistics, 13% of all homes were sold without a real estate agent. 90% of FSBO (For Sale By Owner) sellers end up going to realtors in the end. Be that as it may, I decided to check in to some of these websites and the options they offer.

I started my research by searching on Google. I found a list of National For Sale By Owner websites. Here is a quick overview of my search results.

1. HomesByOwner.com: You can list your home for free. You can upload 1 photo in the free section. If you would like to add more photos, it will cost you.

2. BuyOwner.com: They do not have a price listed on their website, they recommend that you call them. They offer great Virtual Tours. BuyOwner sends people out to your home to take these Virtual Images. I am not sure on the price, but I had a friend who used their service and spent $ 2,300. Contact BuyOwner.com for more details.

3. Owners.com: They provide a free listing service. They also offer a $ 377 MLS listing fee to add your property in to the Multiple Listing Service. If an agent shows up and sells your home, you would only pay the 3% to them as opposed to paying the full 6% if you hired a agent as I have in the past.

4. ForSaleOwnerHomes.com: They also offer a free listing service. These free websites like ForSaleOwnerhomes.com make their money through things like Google ads, that is why they can keep their listing services for free.

5. ForSaleByOwner.com: Fee for a listing is $ 89.95 a month or a flat fee of $ 199 to be listed until your property is sold.

There are more websites, but you get the general idea of ​​what is out there. If you are planning on selling your home, I recommend you go through the same research I did and list on as many free websites as possible. If you hit it and sell your home, you will only have more money in your pocket in the end.

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Source by Michael Manning

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