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Knowing the Internet's Limitations

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    Many property sellers would love to sell their houses themselves to avoid paying those commissions (amounting to 5 or 6 percent of the sale price) that real estate agents collect. The Internet offers for-sale-by-owner (FSBO) house sellers a potentially powerful marketing medium. Don't think, however, that just throwing your house on the Web is enough to sell it for top dollar.

    The Internet is one of many ways to market a house. And newspaper ads, For Sale signs, Sunday open houses, brokers' tours, listing statements, and listings in the local multiple listing service (MLS) are primary marketing vehicles. This section helps you identify what the Web can and can't do for you to help you sell your house.

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    Mortgage Rates
    Mortgages on Zillow
    • Compare homes

      Shopping for a home is a lot like dating. It can be fun, and you might fall in love.

    • Shopping on the Internet

      Looking at homes online is a great way to acquaint yourself with what's on the market.

    • Working with a mortgage broker

      If you choose a mortgage broker, you work directly with her and she works with the lender.

    • Do the paperwork

      Read on to learn about the paperwork involved in a typical loan application.