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Buy Owner's Prices
Posted by on
OAKBROOK, ILLINOIS -- I would not recommend Buy Owner (www.buyowner.com) to anyone. They promise marketing tools that aren't really available. This is what they charge:
For internet and a magazine ad 1 page
$900.00 down payment, 4 installments of $699.50
For the 2 page ad $1200, and 4 installments of 699.50. They are no help and you get no calls or hits. The commericals are insane as if you really saved $20,000 using buy owner your house would have to cost well over a million dollars! Don't use them! Use a realtor or just try on you own without their help when selling your house! Please pass on the word so other people don't have to suffer what I went through. I am not the first person to have problems with this company.
     
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ladunlap on 2005-06-16:
My experience with Buyowner.com was a nightmare. I was pressured into payin the entire fee the day the salesperson visited me, because that was the last day to save $500 or some such probably invented reason. I paid $2000. In one year of having my house listed with them I receive one phone call from someone who lived in Florida. I live in Texas. They were just curious, asked a few questions and hung up. THAT'S IT!!!. I'm not kidding, there was no activity. And the house was a great house, priced reasonably as well. I feel sick every time I think of how I wasted $2000 of my hard earned money for nothing!
njriverman on 2006-06-10:
In fact I too am selling my own home on BUYOWNER and Realtor.com.
I (probably like you) want my home sold yesterday!

I don't know where you are I am in New Jersey.

To increase my “BUYOWNER web hits” and hopefully “foot” traffic I placed “free” ads and links to my property on several free web sites.

My suggestion is you may want to take ten to thirty minutes and place “free” ads of your home as well. I would suggest you “link” back to Realtor.com page (if you have one) or your BUYOWNER page.

You will see all I had to do was put in a link to my BUYOWNER webpage!

First website:
http://newjersey.craigslist.org/rfs/167136977.html

Second Website
http://www.propermatch.com/PropertyPage.asp?langid=2&PropertyId=2387392

Also allows free ads.

Third Website
http://property.ning.com/

Fourth Website
Here is my property:
http://www.fsbon.com/handler.cfm?file=searchid&autoid=20133
for free listing click.
http://www.fsbon.com/handler.cfm?file=secure_signup

Fifth Website
http://www.realestatetalks.com/

I am sure there are other free advertising websites in fact if you know of any good ones please write me.

Of course I feel three of the best websites are
http://buyowner.com/property.asp?code=PHL2568
(check it out over 500 views and 400+ matches)
www.MLSrealty.com,
http://www.realtor.com/Prop/1061212725

Buyowner complaint, then get your advertising rebated.
BUYOWNER has rebate program with MLS Realty to subsidize your cost on REALTOR.COM. That helped me get the transferees that are working with agents. I am in three MLS Services!
Thanks BUYOWNER!
hootie on 2006-10-26:
ATTENTION PEOPLE WHO ARE MIS-INFORMED...Buy Owner is an advertising company. They do the advertising while YOU sell on your own. They don't sell the home YOU do. Buy Owner provided me with flyers & yard signs, they even posted open houses for me! Yeah, I did have to pay what I though was a lot of money, but I would have paid A LOT more in commissions if I would have listed with a realtor. I had a great experence with Buy Owner, I sold in 1 month!
justsayno on 2006-10-31:
Well, Hootie I'm happy that you had a great experience with them unlike all of us. After several months of nothing we went with MLS realty (part of Buyowner) thinking that they work for us since we now have to pay them a commission on top of the large payment we gave buyowner and we are working for them while they sit in their office or work from home. Ask njriverman he is a agent for MLS realty seems he can't even sell his properties and they also lock you into a one year contract with them.
Anonymous on 2007-02-23:
My law firm is prosecuting a class action lawsuit against Buy Owner, Inc. (buyowner.com) for the Company's alleged deceptive and unfair trade practices. The lawsuit has been brought on behalf of customers of Buy Owner, Inc. As part of our factual investigation in connection with that litigation, we are interested in speaking with current and former customers of Buy Owner. If you've purchased the services of Buy Owner and are available to speak for a few minutes about your experiences with the Company, please call me toll free at 800-952-8897. You can also contact me via email at classlaw@dreierllp.com.

Thank you.

Daniel B. Scotti
R.E.Solutions on 2007-04-18:
Mr. Sotti: As I said before, that's what we all need, another class action lawyer- so why don't you solicit all the people that were ever unhappy using an agent too? That's got to be, oh say, 5 to 10 million...
R.E.Solutions on 2007-04-18:
Bigloss2: 6% commission of $340,000 is $20,400. You could save that amount by using BUY OWNER, buying an ad package, and not paying the commission.

I was not involved in your situation, but I would first take a hard look at your asking price and see if it was in line with the local market. Get comps for the last 6 months of sold homes, or pay for an appraisal if you need to. It will give you the confidence you need to make the sale!

Hope this helps-
DirkJorgen on 2007-04-23:
R.E.Solutions: please stop this campaign misleading information. Even as a FSBO, you are 95% likely (based on home sales statistics) to be selling to a party represented by a Realtor, who you will have to pay 3%. So, cut that purported $20,400 savings in half.

That leaves $10,200. Remove at least $2000 of that for BuyOwner fees (maybe more).

Then you'll be left with $8000 in potential savings. Then you need to consider the "opportunity cost" (e.g. how much longer are you willing to leave your home on the market?). This is not a statistical certainty, but it only stands to reason, since the vast majority of people buy through MLS, it is likely going to be far longer wait to sell via BuyOwner (if ever).

Add up the mortgage financing across these extra months and it becomes reasonable that the suggested BuyOwner savings are nothing but vapor; idle promises with little hope of fruition.
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This People Are Scam...
Posted by on
EDGEWATER, FLORIDA -- There service are scam. Their promises are not true. They just after the money you have to pay. Our property is still for sale. Its been almost a year now. We paid 2,600 for their service. If they will give our money back that would really nice.

Damn you buy owner. I hope god will punish all of this people.

     
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Anonymous on 2007-08-31:
OK, they suck! I get it…

Stop “SHOUTING” to get your point across.
Sparticus on 2007-08-31:
The housing market in general sucks right now. I know lots of folks who can't sell their home and they have agents. I know BuyOwner is not a great service, but the market is also partly to blame.
Anonymous on 2007-08-31:
Much better now….
Anonymous on 2007-08-31:
Why did you give them money up front? You should have gotten a Century 21 or some place like that, they don't take money till it sells.

“I hope god will punish all of this people.”

But I must tell you if you want God to punish someone, first you must remember it is a capital “G” and more importantly remember what he said:
Bless those that use you and Vengeance is mine said the Lord God. Blessing them I will bless you, cursing them I will curse you.
Anonymous on 2007-08-31:
Read their web pages very carefully. Notice that they do not use real estate agents only "a qualified real estate marketing consultant". Big difference. A consultant cannot act as an agent. All they can do is advise you what your house might be worth and what to due to make it presentable for sale. Other than that all they actually do is provide a listing service that's only available on their web pages and print a magazine with home for sale. Anyone can do that.
moneybags on 2007-09-01:
PB-in some (most) states, to even advertise property that you do not pesonally own, you must be a licensed agent working under a licensed broker.
*Brenda* on 2007-09-01:
I agree with Sparticus. The housing market just sucks right now. There are houses on our street that have been for sale for a year. One guy was doing for sale by owner then got an agent and still hasn't sold. A house down the street w/Remax has dropped their price 30grand and still hasn't sold.

There's just too many houses for sale right now.
Anonymous on 2007-09-01:
moneybags - Buy Owner doesn't operate in all states. Could be in those states it's does not matter who is doing the ads.
Anonymous on 2007-09-01:
Its a buyers market right now and we can hold out because the prices will drop even more.
David on 2007-09-01:
I used them to sell a home and I felt I received what I paid for. They provided agreed upon advertising and listing in the MLS. I put ads in the local paper, printed flyers, held my own open houses, and after about 3 months, received two offers. I accepted one after handling my own negotiations and having the provided attorney review the offer. They handled the closing and everything went well.

They are not a replacement for a real estate agent. They will not sell your home. They provide a pre-paid service to help you sell your home. You act as your own agent and save the commission you would pay to an agent.

Anonymous on 2007-11-02:
WARNING, TROLL ALERT! FSBO Jane looks like a schill for Buyowner.com. The Internet has thousands of complaints about this company and now they are trying to do damage control. To late, everyone knows about Buyowner.com now.
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Deceptive business practices
Posted by on
TAMPA, FLORIDA -- DON'T USE BUY OWNER! They use high pressure sales tactics to get you to sign up with them. What the sales person says and what they actually do are drastically different. They charge outrageous prices and the service if pitiful. The only thing they are good at is collecting your money. Check them out on the Better Business Bureau, I wish I had before I signed up.
     
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Skye on 2007-06-24:
I have a relative in NY, who is using them right now, paid $350.00 dollars, and is quite pleased.

So what did they due to upset you so much?


Nobody can force money out of you, unless you allow them.
Hugh_Jorgen on 2007-06-25:
I think the problem with some of their franchises is what people think they are getting vs what they really receive.

If you believe you are getting most of the services of a full service broker you will be disappointed - if you realize all you get is a yard sign and an MLS listing and you have to do all the marketing yourself, then you will be happy with the service.

rjffla on 2008-02-21:
$350.00 is not a bad price and in a sellers market can be effective but, there are some who pay thousands of dollars and really end up with little more than a sign in the yard, no MLS but a listing on their site. Buyers use the Internet but rarely will go to such a site when they can go to realtor.com and see every listing.

In a buyers market there are plenty of homes, they are not driving around (at $3.00 per gal) and if they happen on a sign are not taking the time to write down a web site to look up later.

Last many sellers just focus on finding a buyer, have little knowledge or understanding of the process once one is found. They can lose moe then the agents fee.
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