Why not just advertise my home “For Sale By Owner” in the news paper and forget the MLS listing ?
Most people responding to newspaper ads are not yet really serious about buying a home. They are still in the dreaming or just kicking the tires stage of home buying. Once a buyer gets serious, over 80% of the time he or she will hire a Realtor®, and that Realtor® will show the buyer homes that are listed on the MLS. Even if you are willing to offer a commission to an agent who procures a buyer for your property the agents won’t know about it. Hence they have no incentive to show your property to their buyers. Considering more than 80% of buyers still use a Realtor® to help them find their property this eliminates majority of potential buyers from seeing your property.
