Friday, February 7, 2014

What Is A Flat FEE MLS Listing Service?



Flat fee MLS, is an online listing service, allowing a home owner who is getting ready to sell their home, the opportunity to get it sold, and save thousands of dollars in realtor fees.

What Flat Fee MLS provides -
A flat fee MLS service provider, places the seller's home on an online market, and helps the owners sell their home quickly. A multiple listing service (MLS), is an online site where realtors place homes they are selling for clients; as a home owner, using the flat fee sites, you can skip the middleman, and have the online directory, place your home on the market.

What services are included? -
This depends on your market, and the flat fee company that you choose to list your property through. All companies will list your home, on their online directory, along with other homes in the area the home is being sold in. Additional services, which some listing companies provide include:
- Yard signs, which include the seller's phone number.
- Supra Lockbox on the property
- Negotiation of offers (if desired)
Although not all flat fee MLS companies offer these services, House Connect does. Depending on the price you pay for listing your home on their site, some or all of these services, may be included in the flat rate.

Advantages of using these MLS sites -
One of the biggest advantages of using these listing services, is that your home is going to be placed on the same exact directory and online site, as homes which are being sold by a traditional realtor. If you want your home to sell, it has to be listed on an MLS site; therefore, listing with a top flat fee company, is something the home owners should do, if they want more exposure, and want their home to get sold, in less time.

Another benefit is the fact that you truly save on the cost of listing. Most realtors charge 6% (or higher), for the sale; on a $400,000 home, you are basically losing out $24,000 in fees you pay a realtor. Commissions of 3% and higher are generally charged on top of this listing fee; that means, an additional $12,000 is going to the realtor. Also, other fees and costs might also be required, prior to a real estate agency listing and selling your home. Using a flat fee MLS, you avoid these huge costs, and you simply pay a flat fee, to have your home listed on a major online database, allowing prospective buyers to see the home.

With a flat fee MLS service, you are going to cut out a great deal of expenses, which are associated with selling a home. By cutting out the middleman, you keep more of the profits, when your home is sold. And, for a flat fee, all the listing work is done for you, meaning you do not have to worry about going out there and marketing the home, through several other sources online and locally.


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