Selling Your Home With Flat Fee MLS Service
People find and buy real estate today by finding it online. On the internet, through IDX feeds, everyone is able to view the same MLS listings that Realtors have access too. Most of the time now, it’s the buyers who tell their agents which homes they want to visit . The best thing you can do to make sure you have a chance of selling your home is to have it listed on the MLS and all the websites that get IDX feeds from it.
It used to be that the only way to have your home listed on the MLS was to hire a full service real estate agent to list your home at 5-7 % of the gross sales price. You pay the listing agent the entire commission no matter where the buyer comes from. With flat fee MLS service, you can get complete MLS exposure for a fraction of the cost.
A flat fee MLS service will allow you to save on real estate commissions, if you can find a buyer yourself, and have the complete MLS exposure. Many of the potential buyers viewing your home have already signed representation with a real estate agent. To have your home listed on the MLS, you will have to be willing to pay these buyers agents a 3% commission. This still saves you almost 3% by not having to pay the listing side of a real estate commission. A lot of the time buyers approach for sale by owner sellers first, even if they found your home on an IDX feed Realtor website. Most buyers don’t like contacting Realtor’s either, until they absolutely need them. A lot of the time they go to check out the exterior of the home, and the neighborhood, before they call a real estate agent. When this is the case, your savings from using a flat fee mls service will be much greater. This is thousands of dollars in potential savings. A sizeable savings for such a simple secret.
Listing with a flat fee brokerage can save you a lot of money, but it also doesn’t offer the support and advise full time Realtor’s give. The brokerages that use flat free MLS service usually offer little or no service. Only experienced sellers, and people who understand real estate rules and contracts should use flat fee real estate brokerages.