People selling homes online to save Realtor commissions

People are saving $12,000-$15,000 selling their homes online without a Realtor. Popular sites for this are Craig’s List, Yahoo! and ForSaleByOwner.com.

“Many homeowners are now opting to market their property directly to the consumer using online services such as Yahoo Real Estate and Craig’s List. There’s good reason for going to the Web: One recent survey, conducted by the National Association of Realtors, found that 80% used the Internet when searching for a new home”.

See this Fox News story.

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