FAQ

Do It Yourself FSBO Frequently asked questions

Do I have to pay a commission?

You pay an up-front, one-time, non-refundable fee to Sold By Myself to activate your listing on the MLS.  The effectiveness of the MLS is based on incentivizing buyers agents who are representing home buyers to show and ultimately purchase your home.  Without incentive, buyers agents will not show your home. Know that you only have to pay that commission if your property is sold to a buyer who is represented by an agent. If you find a buyer on your own, the buyer is not represented by an agent, then no commission is owed.  Also, any buyer who contacts me directly with an interest in your home will be forwarded directly to you to work directly with, thus again, no buyer’s commission would be owed. Depending on a variety of factors, the average cooperating commission offered/paid to a buyer’s agent is between 2.0%-3.0%, so we typically recommend offering somewhere in that range.


When will my listing appear on the MLS?

Most listings appear on the MLS within 24 hours of completing and submitting the listing paperwork. 


When will my listing appear on Zillow or Trulia?

Most listings appear on Zillow or Trula within 1-3 days, however, depending on which MLS your listing is activated on, your listing may appear in as little as 15 minutes!


What other sites will my listing appear on?

While there are simply too many sites to list, some examples include Realtor.com, Estately.com, and RealEstate.com


Can I cancel my listing?

Absolutely! You can cancel your listing at any time. Just send us an email or call us and we will work with you to cancel the listing.


Can I upgrade my listing?

Of course. If at any time you become overwhelmed with the sales process and need to enlist the help of a professional, we are available to provide that service for an additional fee.


Do you provide guidance on what price to list my home for sale?

Due to the limited service nature of this agreement, our obligation is limited to listing your home for sale.  In order to obtain a comparable market analysis, either an upgrade to a full-service listing would be required or you can purchase a Comparable Market Analysis (“CMA”) from us.


How long is my listing?

Your initial listing is six months. Some MLS systems allow listings to be extended. Contact us for details.


Do I have to sign a listing agreement?

Yes, a listing agreement (and other disclosures) that complies with the local laws and real estate board rules must be signed.  Please remember that you are free to cancel your MLS listing with us at anytime and you still maintain the ability to sell your home to someone not represented by a REALTOR® and pay no commission.


How are listing appointments coordinated?

A standing set of instructions will be established with our 24-hour answering service to coordinate showing times with you. You as the homeowner will determine when the property can and cannot be shown and those instructions will be adhered to.


Will my listing say “FSBO” on it?

Unfortunately, due to the rules and restrictions set forth by the local Realtor board, we are prohibited from using the term “FSBO” or “For Sale By Owner” in the advertisement of the listing.


I have already created a website advertising my home for sale.  Can the MLS advertisement point to that website?

Yes, it can!


What sets Sold By Myself / Schubert Real Estate apart from other “by owner companies”?

Other by owner companies are merely advertising portals that connect you with local brokers like myself.  Thus you are actually contracting with an intermediary to list your home.  With my company, you work directly with me throughout the entire process and my company is the one placing your listing on the MLS.  We belong to the local REALTOR® board and do not enlist the help of a third party independent local broker to get you access to the MLS.