*Source: Ars Technica (
http://arstechnica.com/news.ars/post...ealtors.html)*
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Three economists decided to investigate whether using a for sale by owner (FSBO) web site could actually make homeowners more money compared to selling a house with a traditional real estate agent. The answer, at least in Madison, Wisconsin, is yes.
In the Dark Ages before the light of the Internet beamed across the land, Realtors (the term is trademarked) were the ones who had access to the lists of properties for sale in a given location. This information could be very difficult to collect on one's own without flying to the desired city and driving the side streets, jotting down addresses. But with the growth of the Internet, it's easy to list and share information, and even Realtors are opening up their listings to public access. In such a situation, does it still make sense to pay a six percent commission?
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