- First Option is known as the "For Sale by Owner" (FSBO) where the owner of the property sells his property by himself and pays no real estate broker commissions which may save him thousands of dollars or save a prospective buyer thousands of dollars, depending on the price of the property. You mainly do any work necessary to locate a prospective buyer, schedule showing appointments, open houses, legal paperwork & negotiations, follow the transaction through to closing yourself. About 20% to 30% chance of selling depending on the list price/actual value ratio and others.
Websites: fsbo site and maybe other fsbo sites.
Costs about $ 1% of sales price. - Second Option is known as the "Flat Fee" listing where an owner lists his property with a licensed real estate broker and usually pays an upfront fee (Flat Fee) sometimes around $ 300.00 to $700.00 for the broker to lists the property's data information into the local Multiple Listing System (his job is done, except for data maintenance) along with offering to any Selling Broker who finds a buyer a commission sometimes around 2.5% to 3.5% to that selling broker. If you find a prospective buyer yourself you may cancel the listing and pay no broker commission. If any other broker finds a prospective buyer, then you pay that selling broker a commission based on your original listing agreement. That broker provides the necessary legal paperwork and follows the transaction through to closing. You do your own negotiations. About 90% chance of selling depending on the list price/actual value ratio and others.
Websites: Broker's own site, REALTOR.com, and many other broker websites.
Costs about $ 3% of sales price. - Third Option is known as "Full Service" listing where an owner lists his property with a licensed real estate broker for a Full commission sometimes around 5.0% to 11.0% depending on the type of property (single Family, Land, Multi-Family, Commercial, etc). The listing broker does it all (lists the property data information into the local Multiple Listing System, holds Open houses, does the legal paparwork & negotiations, and follows the transaction through to closing and will split any commission with other brokers depending on the listing agreement. About 90% chance of selling depending on the list price/actual value ratio and others.
Websites: Broker's own site, REALTOR.com, and many other broker websites.
Costs about $ 6% to 12% of sales price. - Variation of the above options may exists.
Now what? Which option to choose depends on your motivation to sell, time-frame you want to sell & close and how much you owe on the property compared to it's current market value. If you want to sell on your own (signage, photos, appointments, open houses, paperwork, etc.) and are looking for a real estate marketing tool to help guide your selling process, then AlaskaMLS.com is a great choice. If you want to market your property on your own with the option of finding a buyer yourself, but you are willing to pay a selling broker (buyer's broker) a commission, then the "Flat Fee" listing with RGud® Properties is the choice. If you only want to do minimal work yourself and hire a professional, then a "Full Service" listing with RGud® Properties, or their assigns, is a great choice.
