For Sale By Owner : SaveOnFSBO.com

FSBO QUESTION AND ANSWERS

Q. Why do I as a FSBO need MLS Placement?
A. Flat fee MLS Placement offers you the best of both worlds. As a FSBO with MLS you obtain a tremendous amount of extra exposure. Your home will be listed on your local Realtors MLS and Realtor.com. These are the largest real estate databases. The best part is if you find a buyer thru Realtor.com or any other public website, who does not use a realtor, You pay 0 commission!!!

Q: Why should I list my home on the Multiple Listing Service (MLS)?
A: The MLS is a database of Realtor listed homes for sale in a local area. It is the traditional way Realtors find homes for their buyers or advertise homes for their sellers. Listing your home on the MLS gives you significantly more exposure notifying all Realtors your area that your home is for sale.

Q: How much does the MLS cost?
A: $395. This is a one-time flat fee.

Q: Where will my house be listed?
A: Your home will be listed on all major MLS sites, including
Realtor.com, in addition to the Saveonfsbo network of affiliate sites.

Q: Do your agents work in my town?
A: Yes, we are the largest flat fee listing Broker licensed in NJ we have agents throughout the state, covering all of New Jersey.

Q: Will an agent contact me?
A: Yes, our agent will contact you, usually within 24 hours of your confirmed purchase. Your home must be listed with our licensed Broker in order to appear on the MLS.

Q: What if I find a buyer myself? Will I have to pay any commissions?
A: No, you will not have to pay any commissions if you find a buyer yourself.

Canceling a Listing

Q: My home has been listed with an agent for over three months and I’m not happy. What options do I have?
A: If a 6 month listing agreement was signed last month and an argument occurred and I don't want to use that agent, can the listing be cancelled?

Q: I signed a listing agreement, but am having second thoughts about selling. How do I cancel and will it cost me anything?
A: Your attorney has to tell you that answer and push from his end. You have rights, but it has to be done in the proper legal manner, but it takes time. But remember, honey catches more than just bees, so keep it in your mouth and see if you can't sweet-talk with her in person and ask her to please close a.s.a.p. Request a meeting in person with her agent and yours and anyone else who needs to be there, but meet with her before to many things pile up on her and she starts to get scared and feel threatened. Do it a.s.a.p. Also, check with your seller/builder/developer. They don't really want to lose your business either, I bet. Get an extension of the contingency and make it seem like you are doing your buyer a BIG favor.

Common Questions

Answer: Helping people become homeowners is one of the most important thing HUD does. Here are some suggestions:

Start by reading our "homebuyer's kit" - particularly the part about the federal mortgage programs that can help people buy homes. HUD's FHA has many mortgage insurance programs that can help first-time homebuyers. Also, be sure to read about buying a HUD home - they can be very good deals!
Contact one of the HUD-approved housing counseling agencies. They can help you sort through your options.
Call your local office of housing and community development or your mayor's office to see if there are any local homebuying programs that could help you.
Question 2: I'm interested in an FHA mortgage. Who do I see?

Question 3: I'm thinking about buying a home, but I don't really know if it's a good idea for me. Who can I talk to?

Answer: There are HUD-approved housing counseling agencies that can help you decide whether buying a home is right for you. Contact one in your area.

Answer: There are many different kinds of mortgages available, and qualification requirements vary. The best thing for you to do is shop around - talk to two or three local lenders to find out what kinds of mortgages they have available that could fit your situation. There are a number of mortgage calculators online that can give you some idea about your ability to qualify for a mortgage. HUD offers a good calculator, in our "homebuyers kit." You also might want to contact a housing counseling agency. They may be able to direct you to the kinds of mortgage programs that might fit your needs.