I like this idea. I have sold without a RE agent every property I have owned. The last one was listed with an agent for a very long time because I was otherwise occupied, and finally I advertised on a Sale By Owner site and sold the property within a few weeks.A website and database of For Sale By Owner real estate transactions and historic prices, to completely eliminate the need for agents and brokers and the MLS.
That would be incredible!!!!
edit: I would MUCH rather pay a few thousand to an attorney to make sure all the legal stuff is correct rather than a whopping % to a realtor whether they do a good job or not
For the sale of one of my properties, not only did I advertise and sell it privately, but I also purchased a guide to DIY the conveyancing process, and that went through very smoothly. Such a guide could be a worthwhile bonus on such a site.
Walter
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