Be Cautious about " Guarantee Offers ! Here is a recent press release from ForSaleBYOwner.com. There is one catch to this program. It states that you must list your home with an agent of their choice. What is doesn’t mention is the fact that they will then be paid a referral fee of 25 % of the commission.
If their system works so well, why are they resorting to this policy. They will make a tidy sum for not doing anything but referring you to a full service agent.
ForSaleByOwner could make considerably more money by losing a client to a broker. No wonder they are promoting their guarantee so heavily !
Why not explore that option first if it is inevitable anyway.
With turbulence continuing in the real estate market, the advantages of selling by owner are greater than ever. ForSaleByOwner.com, the nation’s leading “by owner” real estate website, is offering a Home Selling Guarantee to give “by owner” sellers more confidence in selling their home. The guarantee includes a full refund of money paid to ForSaleByOwner.com.
The Home Selling Guarantee provides an additional level of confidence, security and flexibility for sellers who purchase a ForSaleByOwner.com listing package and then are interested in moving from a “by owner” status to a “full-service listing” status. For sellers in that situation, ForSaleByOwner.com will work to place them with a real estate agent within their local area and, after the home sells through the agent, will refund any money the seller paid to ForSaleByOwner.com.
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