A press release last week from US private house sale website forsalebyowner.com revealed that it has become the nation’s first “by owner” real estate website to enable home sellers to advertise their home on realtor.com without appearing on a local Multiple Listing Service (MLS).
The company said this new direct access to realtor.com follows the May 2008 settlement between the U.S. Department of Justice (DOJ) and the National Association of Realtors (NAR):
“The DOJ-NAR settlement benefited consumers by giving them access to Realtor.com without the expensive cost of a commission fee,” said Greg Healy, Vice President of Operations at forsalebyowner.com. “We’re proud to be the first to offer this new consumer-friendly access to Realtor.com. In today’s challenging housing market, sellers need cost-saving ways to sell their homes.”
realtor.com attracts nearly five million monthly visits and the new realtor.com Showcase Listing service from forsalebyowner.com will give private sellers access to this huge pool of readers.
forsalebyowner.com is one of the leading “by owner” real estate websites in the US. Established in 1999, the company provides Internet marketing services, MLS listing services, property pricing reports, real estate guidance and information, downloadable legal forms, as well as live customer support, to help customers independently sell their own homes. Rather than a 6% commission on the house sale price, owners using the website are charged around $89 to $899.
“Our typical home seller saves nearly $13,000 in commission and this new access to Realtor.com will help even more people sell their home without using the services of a real estate agent,” said Healy.
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