Industry News

Free online home sale service makes waves

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SAN FRANCISCO–A new online listing tool that cuts the costs of real estate commissions for home sellers has launched in the Chicagoland area. enables home sellers to log onto the Internet, create a profile of their property that's for sale and e-mail it directly to ListMeFree sales agents. Home sellers also complete home disclosures online when creating their property profile. Sales agents then review the home listing and upload it to the Multiple Listing Service of Illinois so it will attract agents with buyers in that market. MLSNI currently has about 40,000 members in 7,000 offices throughout Northern Illinois. The site has gained popularity among home sellers and especially, for-sale-by-owners, according to company spokesman Alan Krygowski, who spoke today during a press conference at Inman News' Real Estate Connect 2004. The service is free for home sellers. Hear Barry Diller and industry luminaries predict the future of real estate! Get complete audio recordi...