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Tired of being forced to pay high commission rates to real estate agents, many home sellers are opting for the For Sale By Owner (FSBO) route. Iggy’s House (the people behind BuySide Realty) have decided to change all that. They allow people to list on the MLS and on the Realtor.com website for free!
 Iggys House, the company that owns BuySide Realty, just launched a site that allows sellers to list their property free on the MLS (Multiple Listing Service), which sells over 70 percent of U.S. properties. Currently, an MLS listing costs c. $500 and can only be executed by a Realtor. Seller ads, which can contain multiple photos and even video, will appear on Realtor.com, the largest database of homes for sale, as well as on services such as AOL, the WSJ, and MSN. A toll-free number and voice mail are provided with each listing for inquiries.
“There is a lot of money at stake – about $65 billion annually in real estate commissions. This new model will have an immediate impact on the status quo. By breaking open the MLS we are providing over $500 million worth of services for free to millions of home buyers each year. For the 1.1 million people who try to ‘sell by owner’, we provide incredible exposure...For the over 400,000 sellers who pay a fee to be MLS-listed, we now offer it for free.”
(blog.clickz)References: blog.clickz, Filed In: |
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Real Estate Restructured
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Iggy's House Lets You List On The MLS For Free
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