Housing.com News, Analysis & Opinion: Buying & Selling: BuyWiseRealty Goes Live

BuyWiseRealty.com is an interesting new service that combines the power of the MLS, Google Earth, and Web search tools into a force for good:

Did you know that over 85% of homes are not sold through open houses or newspaper ads? That’s right! It’s a fact that 85% of the homes are sold through the local Multiple Listing Service (MLS). The MLS is a data base where Listing Agents list your home, typically offering other agents half of their commission for them to bring their qualified buyers in to buy the home. At Buywise we have a better way. With our Buywise Seller Basic Program, we will list your home on your local MLS for a low one time fee of $500. With the MLS subscription, you also recieve a For Sale Sign and a lock box. You act as the agent and offer a typical 2.5% - 3% buyers agent commission and open up your home to your entire real estate community.

BuyWise has also teamed with the mighty Zillow to offer instant home estimates, though as today's WSJ notes, relying solely on Zillow for price valuations is an entirely different sort of gamble.

I'm sure Buywise will have its flaws and glitches, but in principle, this is another important step towards reshaping the dynamic of homebuying to give both buyers and sellers more power and influence over the transaction, and keeping more money in their pockets.

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BuyWiseRealty.com is an interesting new service that combines the power of the MLS, Google Earth, and Web search tools into a force for good: Did you know that over 85% of homes are not sold through open houses or newspaper ads? That’s right! It’s a fact that 85% of the homes are sold through the local Multiple Listing Service (MLS). The MLS is a data base where Listing Agents list your home, typically offering other agents half of their commission for them to bring their qualified buyers in to buy the home. At Buywise we have a better way. With our Buywise Seller Basic Program, we will list your home on your local MLS for a low one time fee of $500. With the MLS subscription, you also recieve a For Sale Sign and a lock box. You act as the agent and offer a typical 2.5% - 3% buyers agent commission and open up your home to your entire real estate community. BuyWise has also teamed with the mighty Zillow to offer instant home estimates, though as today's WSJ notes, relying solely on Zillow for price valuations is an entirely different sort of gamble. I'm sure Buywise will have its flaws and glitches, but in principle, this is another important step towards reshaping the dynamic of homebuying to give both buyers and sellers more power and influence over the transaction, and keeping more money in their pockets. Read the press release for more info.