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MLS Listing Flat Fee FAQ'S
How long can I list for?The listing can be for up to 6 months.. You can cancel the listing at any time without any penalty. Back to TopWhat if I find the buyer myself ?If the buyer is not represented by an agent, no commission is due or payable. Back to TopWhat is MLS ?Multiple Listing Service - This is the system that the Realtors use to share information on homes for sale, under contract and sold. The Multiple Listing Service (MLS) is the Realtor Association's computerized list of homes currently for sale. MLS members are required to input all of their listings within 48 hours. A home listed in the MLS (called a listing) will quickly be seen by thousands of Realtors and their buyers. You are leveraging off of thousands of professionals efforts at procuring buyers not just for one house. They are procuring buyers for hundreds of homes in your area, many similar to yoursBack to TopHow long does it take to be listed in MLS ?When your listing contract is received the information is entered in the MLS system asap. We do not anticipate that this would take more than 24 to 48 hours. When all information has been entered you will have an MLS number and all Realtors will find your home when doing a search. Your payment is made either online or a check may be mailed and received before entry into MLS. How do I know when I am listed on MLS with all the correct information for my home ?You will receive a copy of the MLS listing and verify all information is correct. This copy will be e-mailed to you. Back to TopCan I change the price I listed my home for ?You can submit a form signed by all owners of the home to change the price. The form can be e-mailed to you. Just sign and return the form by fax or mail with signatures of all owners. Back to TopDo you hold an Open House ?You can order a Virtual Tour which can show several views of your home. Buyers can tour your home online before making an appointment. Open houses and giant ads DO NOT significantly assist a home in selling. I think that they are used by agents mostly to justify high commissions. Back to TopRealtor response to Flat Fee ListingYou may receive comments from other Realtors before you list your home in MLS. Remember they are trying to have you list with them. Consider the Realtor as a Salesman and working on a commission. As a FSBO, a Realtor will call you and ask you to co-broke if he has a Buyer. The norm for a co-broke fee is 3%. Keeping this in mind - If a Realtor trying to list your home for a commission tells you your home will not be shown if you list your home in MLS by paying a Flat Fee. WRONG - if that same agent has a buyer and your home is in the price range and area the the buyer desires, he will be calling for a listing appointment. More homes on the market in MLS - as more FSBO's turn to MLS to market their homes by paying a more reasonable fee to sell, the Buyer agents have a better choice of homes to show. Now if you use part of your reduced expense for selling your home and lower your price, you should have more showings and a better chance to sell sooner. Cross Sales example - Your home is listed by ABC Realty and agent Joe. Joe has other listings in your sub-division. Joe may use the number of listings he has to try to convince you he has a way of selling the homes in your sub-division. If you look at the Sold listings by Joe, you will probably find that Joe listings were sold by different Agents working for different Companies. This is what is referred to as a cross sale. Joe is not bringing the buyer but simply listing the home in MLS for the Thousands of agents to have access to the MLS listing. Back to TopCan I Still use my FSBO signYou may use your sign. Back to TopWill my listing appear on the Web Sites of other companiesBroker Reciprocity is a system where brokers give each other permission to display their listings on each other’s web sites. Your listing will be displayed in many web sites where the real estate company provides a search of each other’s active listings. Thus a buyer working with another real estate company who does a search will have your listing in the database. Back to TopLead PaintIf your home was built before 1978, you are required by law to provide your buyer with a lead-based paint disclosure, along with the EPA pamphlet entitled, "Protect Your Family From Lead In Your Home". This is provided on our site for your information (for sellers with homes built before 1978). Back to TopRadon GasRadon is a naturally occurring, radioactive gas. It is impossible to detect radon without testing for it. For questions concerning radon, call the EPA's National Radon Hotline toll-free at 1-800-767-7236 Back to TopFlat Fee versus Commission
We
have listened to feedback from many of our customers that are unhappy with the
traditional commission based real estate sales concept. Customers in the upper
price ranges wonder why they have to pay so much more than the guy that owns the
smaller house, when basically the services that are being provided are the same?
It just does not seem fair. That's why we have developed our Flat Fee Program;
to provide quality real estate services at a fair price!
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