Get Listed Today & Save Thousands!
Package Includes
- Listed on ByOwner + Buyowner
- State Forms and Real Estate Contracts
- Yard Sign - Sold Separately
- World Wide Exposure, Viewed by Millions
- Up to 50 photos and one video
- Full Control" & 24/7 access to modify
- 6 Month Listing (Cancel Anytime)
- Your Contact information on your listing
- Cash Offer from Nationwide Home Buyer*
- Pay Zero Commission, Pay NO other fees
Package Includes
- Listed on ByOwner + Buyowner + MLS
- State Forms and Real Estate Contracts
- Yard Sign - Sold Separately
- World Wide Exposure, Viewed by Millions
- Up to 50 photos and one video
- Full Control & 24/7 access to modify
- Your Contact information on your listing
- 6 Month Listing (Cancel Anytime)
- Open Houses
- Simple Sign Up
- Online Showing Service
- Cash Offer from Nationwide Home Buyer*
- 0.25% due at closing (1/4 quarter of 1%)
Package Includes
- Listed on ByOwner + Buyowner + Super Syndication
- State Forms and Real Estate Contracts
- Yard Sign - Sold Separately
- World Wide Exposure, Viewed by Millions
- Up to 50 photos and one video
- Full Control & 24/7 access to modify
- Your Contact information on your listing
- 6 Month Listing (Cancel Anytime)
- Open Houses
- Simple Sign Up
- Online Showing Service
- Cash Offer from Nationwide Home Buyer*
- Does not include local MLS
Information about agent fees and potential savings
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1
Your Home
Price $300,000 -
2
Traditional
6% Fee $18,000 -
3
Buyers Agent
1-3% Fee $3000 -
4
ByOwner's Flat Fee Listing Saves You $15,000
This eliminates the “listing agent” commission -- typically around 3% -- and gives you the option to work directly with sellers once they inquire. This can reduce the amount of commission the Seller will pay by over 50% in many cases.
This is a game-changer for FSBO real estate, where typically the owner must do all the marketing themselves. ByOwner takes care of all of your online listings, but doesn’t charge you for ancillary services that you don’t need to sell your home.
On a $250,000 home, you could save approximately $15,000 and put that money in your pocket!
Benefits of using flat fee MLS package and selling
| Traditional Broker | ||
|---|---|---|
| Pay a 6% commission | $295 flat fee | $95 flat fee |
| Long Term Listing Contract | Cancel Anytime | Cancel Anytime |
| Give up part of your equity | Keep Your Money In Your Pocket | Keep Your Money In Your Pocket |
Commission Comparison
Based on a $300,000 home sale price
Easy Path to Listing Your Home
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Choose the Listing Type
Go to their website and click on “List My Property.” Select whether you want to list your property for sale or rent.
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Enter Property Information
Provide your address or ZIP code to proceed further.
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Select Listing Options
Choose whether you want your property listed only on ByOwner.com or also on the MLS and other websites.
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Provide Your Personal Details
Enter your name, email address, and phone number (optional). You can also log in using your Google or Facebook account.
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Create Your Ad
Fill in property details, such as the built year, number of stories, bedrooms, bathrooms, and finished area, to create your listing advertisement.
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Add Property Description
Upload photos and videos of your property. Write a description that highlights its features.
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Review and Pay
Review your listing and make any changes if needed. Select a package and pay to finalize your listing.
Hiring ByOwner is very different than working with a traditional real estate agent, with a ByOwner agent you can save over 70% in listing fees.
FAQs
While yard signs aren't included, you can easily add them to your order or buy them individually for just $59.95, and enjoy free shipping! (Order Now)
The Yard Sign will come to you blank, you can put your own number on the sign. Many of our Sellers use 2 inch vinyl numbers from an office supply store.
We will send your yard sign via USPS Priority Mail the next business day after receiving your order. It is included in your listing purchase.
We've got you covered with our weather-proof corrugated signs that come complete with a sturdy metal stake for added durability. You can easily add them to your order or buy them individually for just $59.95, and enjoy free shipping! (Order Now)
Your home is in MLS typically within 24 hours of you completing the MLS paperwork.
Your home will show up in Zillow and Trulia typically within 24-48 hours of you completing the MLS paperwork.
You can make changes to your listing or cancel it at any time.
Yes you can. You can start your ad today and come back to finish it at any time. So if you're not ready for your home to go live yet, or haven't finished taking your photos, ...no problem. Just save it and finish it later.
The short answer is no, but it is highly recommended to offer a fee to a Buyer’s Agent. See FAQ 10 Have questions? Click here or call us at 800-296-9637.
While it is not mandatory, there are several compelling reasons why offering a commission to a buyer's agent remains a smart strategy for sellers:
- Attracting More Buyers: Offering a commission to buyer's agents can increase the visibility of your property. Agents are more likely to show homes to their clients that offer competitive commissions, as it’s a key factor in their livelihood. By offering a commission, you’re incentivizing agents to bring qualified buyers to your property, potentially speeding up the sale process.
- Standing Out in the Market: In a competitive real estate market, where buyers have many options, offering a commission to buyer's agents can make your property stand out. It signals to agents that you’re serious about selling and willing to invest in the process, which can give your home an edge over others that do not offer such incentives.
- Maximizing Your Sale Price: A well-compensated buyer's agent is motivated to negotiate the best deal on behalf of their clients while ensuring the transaction goes smoothly. This can help maximize the final sale price and reduce the likelihood of complications during the closing process. An agent with a clear financial incentive is likely to work harder to finalize the deal.
- Building Goodwill and Cooperation: Real estate transactions are complex and often involve multiple parties. Offering a commission fosters goodwill and cooperation between the buyer’s and seller’s agents, which can lead to a smoother and faster sale. It also reduces the risk of disputes or misunderstandings that could delay the transaction.
- Meeting Buyer Expectations: Many buyers expect their agents to be compensated by the seller, as this has been the industry norm for years. Offering a commission aligns with these expectations, making your property more attractive to potential buyers who prefer this traditional arrangement.
Note: Commissions are not mandated by law and can be freely negotiated between the Seller and the Broker in listing agreements. It is the Sellers responsibility to notify the Selling Office (Buyers Agent), of their offer of compensation. No offers of commission will be allowed in the MLS.
Summary: While the new ruling allows for more flexibility and negotiation in how commissions are handled, offering a buyer's agent a commission can still be a strategic move that benefits sellers. It can enhance the marketability of your property, attract more potential buyers, and help you achieve a successful sale at the best possible price.
The recent ruling on real estate commissions introduces significant changes to how buyer's agents are compensated. Traditionally, the seller's agent would offer a portion of their commission to the buyer's agent. However, under the new rules, the process is more transparent, allowing for greater negotiation and clarity.
Here’s what you need to know:
- Transparency in Commission Disclosure: Sellers and their agents must now clearly disclose the commission being offered to the buyer's agent. This information must be made available to potential buyers early in the home-buying process, typically through MLS listings or other marketing materials.
- Negotiability of Commissions: The ruling emphasizes that commissions are negotiable. Buyers can now have open discussions with their agents about the commission rates and structure. This could lead to different commission agreements depending on the services provided by the buyer's agent.
- Direct Payment Options: In some cases, buyers may have the option to pay their agent directly, rather than having the seller cover the buyer's agent's commission. This approach can lead to more personalized service agreements and potentially lower overall costs.
- Impact on Buyer Representation: The new ruling encourages transparency and competition, potentially benefiting buyers by giving them more control over the services they receive and how they compensate their agents. It’s important for buyers to understand the terms of any commission agreement with their agent to ensure it aligns with their expectations and financial plans.
Note: Commissions are not mandated by law and can be freely negotiated between the Seller and the Broker in listing agreements. It is the Sellers responsibility to notify the Selling Office (Buyers Agent), of their offer of compensation. No offers of commission will be allowed in the MLS.
There are a few ways to communicate the commission you're offering to a buyer's agent:
- Specify in the Listing Agreement: When you sign a listing agreement with your real estate agent, the commission rate offered to the buyer's agent will be specified in the contract.
- Direct Communication: If you are not listing your property on the MLS or are working in a private sale scenario, you can directly inform buyer's agents of the commission you're offering. This can be done through email, during negotiations, or when an agent reaches out with interest in your property.
- Marketing Materials: You can also include commission details in any marketing materials or property brochures you distribute. While this is less common, it can be useful in certain situations, especially in off-market or private sales.
- During Appointment Coordination: When a buyer's agent contacts you to schedule an appointment to view your home, this is another opportunity to confirm or remind them of the commission being offered. The amount should match the stated amount in your listing agreement. Clear communication at this stage ensures that the agent is fully informed before bringing their client to your property.
By clearly communicating the commission you're offering, you increase the likelihood of buyer's agents bringing interested and qualified buyers to your property.
Note: Commissions are not mandated by law and can be freely negotiated between the Seller and the Broker in listing agreements. It is the Sellers responsibility to notify the Selling Office (Buyers Agent), of their offer of compensation. No offers of commission will be allowed in the MLS.
If you decide to offer a commission to a Buyer's Agent who brings you an acceptable offer, the commission amount will be deducted from your proceeds at closing. This payment is typically handled by the title company or closing attorney, so you won't need to pay the agent directly. We suggest offering 1-3% of the selling price as a commission to the Buyer's Agent. However, you still have the option to sell your home on your own without incurring any additional brokerage or Buyer’s Agent fees.
Your phone number is on ByOwner.com, and many of the other sites we syndicate your home to, it also is in MLS for co-operating brokers to see, but not in MLS public comments. The MLS systems usually require the agent’s phone number to be in MLS. The agent will refer all Buyer and cooperating agents directly to you.