Successful FSBO web pages
Here's an interesting article from the front page of yesterday's NY Times regarding an FSBO web page in Madison, WI -- FSBOMadison.com. As discussed in the article, this web page has about 20% of residential listings in the area. Given the average value of a home in the area, sellers saved more than $17 million in commissions last year by using this site.
If you're looking for a similar page in the Seattle area, check out SeattleRealEstateByOwner.com. The site is owned and operated by two young guys who live here in the Seattle area. There are several other FSBO web sites with Seattle pages, such as HomesByLender.com, ForSaleByOwner.com, SeattleFSBO.com, and ByOwner.com.
In addition, 2006 will see the launch of several other sites that will, apparently, allow a user to search real estate data in a variety of ways. These sites (such as Zillow.com and Sellsius) will combine listings with a variety of other related data. They have significant financial backing and are generating a lot of buzz in the real estate industry. Time will tell whether they are of assistance to FSBO sellers.
posted by Anonymous @ 12:55 PM
5 comments
5 Comments:
Sellsius recognizes that it is a fundamental American right to control your property, including the right to sell it yourself. But the decision to sell on your own must be carefully considered. Do you have the time to show the property, prequalify the prospects, maximize the value of your offered property, comply with the legal requirements, deal with the unexpected glitches, etc.? If the answer is yes, a site like Sellsius will provide you with an inexpensive venue to advertise your property and a community to support you. There will be a forum to exchange ideas and ask advice, as well as a directory to locate real estate attorneys, title companies and other experts necessary for a successful transaction. If, on the other hand, the owner decides that a selling specialist provides the necessary service, experience and expertise, then Sellsius will offer a searchable directory of broker/agent specialists which contain detailed profiles of these professionals. Sellsius' mission is to help consumers and professionals achieve a higher degree of success.
JGF
Co-Founder, Sellsius LLC
Very interesting and informative posting.
I live in Cabo San Lucas Mexico and would like to start a FSBO for the area as real estate commissions are 10%. Yes 10%.
Any FSBO site interested in a partnership? My experience includes running online businesses in the vacation rental marketplace for the past 7 years including Goin2Travel vacation rentals.
Let me know if you are interested. Send an email from Goin2travel.
what about flat fee mls realty its popular in illinios new york rhode island florida and everywhere. I'd say thats a success too
Blogosphere-- Don't forget CaptainFSBO.com (yet another shameless plug)
FREE FSBO sites are great but as a seller how can you avoid the one place where more buyers AND agents search for homes- the MLS?
The best marketing is to post to the FREE sites AND the MLS (from $399 and CaptainFSBO.com of course)....Hey all you free sites contact me about wholesale MLS listings. - e-mail vernc@captainfsbo.com
and one other thing-- just add the buyer's agent commission to the price on the MLS- doesn't have to be 3%.
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