For Sale By Owner Advertising

For sale by owner advertising has changed along with the real estate marketing landscape in general. Today’s marketing of real estate has expanded signficantly from a “sign in the yard and an ad in the paper”. Internet advertising allows by owner sellers access to distribution channels that circumnavigate the globe. What used to cost home sellers a good deal of money with very limited reach has now become far more cost efficient along with the ability to reach millions of potential buyers.

Bloomkey now offers for sale by owner sellers the option of several marketing distribution channels from which to launch a property marketing campaign.

  • The Multiple Listing Service, or MLS, offers sellers access to the real estate agents and brokers in their local areas.
  • The Broker IDX is a system through which brokers who own real estate websites show properties that are listed in the MLS to the public.
  • Realtor.com, the nation’s number 1 ranked website, has it’s own set of distribution partners who receive and display property listing data.
  • ListHub is a company that aggregates data from MLSs around the country and sends that information to leading real estate websites like Yahoo Real Estate, AOL Real Estate, Walmart, Vast and many others.
  • Bloomkey has it’s own distribution partnerships with websites like Zillow.com, Trulia.com, Google and many others.

Companies like Bloomkey give by owner sellers a one-stop marketing resource for selling real estate. Instead of hunting all over the Internet for property listing websites, sellers can enter their property information and upload photos one time and have their properties appear on all of the major real estate marketing distribution channels. In fact, many of the leading distribution channels are not avaialble to the public directly. Companies like Bloomkey make marketing properties for sale an economical and time savings venture.

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By Owner MLS Listing

The “mulitple listing system”, called the MLS, gives the broadest exposure possible to homes for sale. In today’s competitive market, you need the most marketing exposure possible, but attempting to sell without the benefit of the MLS can be a like trying to sell shares of stock without the stock exchange. Or, proverbially, “like trying to find a needle in a haystack”. Advertising to the public is a high cost proposition and since you only have one property to sell, the economies of scale work against you. Realtors® have the benefit of having thousands of properties to sell. The MLS creates an efficient marketing system through which Realtors® can cooperate to assist each other in selling each other’s listings.

And through the Realtors® trade organization, the National Association of Realtors®, an MLS listing also gets exposure on Realtor.com, the nation’s leading real estate web portal, you’ll reach even more potential buyers when your property is listed in the MLS by owner. According to a recent survey, over 75% of buyers now start their search for a home on the Internet, most of them on Realtor.com.

Now you can list your home or property in the same MLS used by Realtors® without having to pay a listing commission. List by owner on the MLS with a flat fee MLS listing company like Bloomkey® and you can have the best of both worlds. More exposure to help you sell your home for the highest possible price and still retain the right to sell on your own and not pay a commission.

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Nationwide Flat Fee MLS Listing Service

MLS Lion announces launch of national real estate website for flat fee MLS brokers.

MLS Lion announced today the launch of a national flat fee MLS listing service. Through the company’s website, www.MLSLion.com, the service provides home sellers with nationwide access to limited service and MLS-entry only real estate brokers in the United States and Canada.

Michael Logan, Jr., vice-president of MLS Lion, said, "MLS Lion is an interactive platform for limited service brokers to offer their services to a national audience. By providing an online connection between consumers seeking to save money on the sale of real estate and brokers offering real estate services for a low, flat rate, MLS Lion is positioned to be a key player in the emergence of alternative models in the real estate industry".

Using the MLS Lion web application, flat fee and limited service brokers can create their own real estate brokerage offerings and set the price for their services. The system also provides a convenient referral service for brokers to send customers to flat fee brokers in other areas of the country and receive a referral fee.

Home sellers can locate a flat fee MLS listing broker in their area and order their MLS listing online, create their own webpage, upload photos and download real estate forms.

MLS Lion currently offers flat fee MLS listing service in Arizona, California, Colorado, Connecticutt, District of Columbia, Florida, Georgia, Kansas, Kentucky, Illinois, Maryland, Massachussetts, Mossouri, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, and Washington State.

See Also

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Flat Fee MLS Brokers Gain Momentum

DOJ/FTC Workshop gives voice to limited service models

Yesterday’s Department of Justice’s and Federal Trade Commission’s Public Joint Workshop entitled "Competition and the Real Estate Industry" gave voice to the many alternative brokerage models vying for space in the hotly contested real estate arena. Panelist from a wide spectrum of disciplines surrounding the industry, as well as moderators from the DOJ/FTC, gave differing opinions on their visions for the future of real estate brokerage, however, one message seemed to radiate clearly with participants.

Minimum service requirements have no place in a free and unfettered economy. The effect of such laws clearly seems aimed at impeding the growth of alternative brokerage models, especially flat fee, MLS entry only companies. Steve DelBianco, Executive Director of the NetChoice Coalition, and Tom Early of the National Association of Buyers Agents (NAEBA) combatively and humorously debated leaders of the traditional real estate cartel demonstrating how such impediments to innovative business models as legislatively imposed minimum service requirements serve to harm consumers by creating barriers to brokers wishing to offer consumers choices in real estate services.

Over the past year, the DOJ and FTC have issued a number of letters to state legislatures around the country warning of the deleterious effect of proposed minimum service laws on consumers. So far, the National Association of Realtors and their state level counterparts have been largely successful in foisting bills on the unwitting public that limit consumer choices and help to prop up the antiquated system of bundled real estate brokerage services and full (5-6%) commission real estate.

See Also

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