Flat fee MLS is a practice in the
real estate field whereby pertinent information regarding a particular property
is placed in the database of a local Multiple Listing Service at a particular
fee, contrary to the traditional method where a commission is charged based on
the sale price of the property. This is basically an agreement in which the
broker will enter a property into the MLS and he or she will be paid a flat fee
for that service. It saves property owners the burden of buying a large package
of services from a real estate agent, some of which may not be contributory to
the sale. There are four basic services that a traditional agent will offer.
Once they are bypassed, they all turn out to be advantageous to the property
owner because it means spending less while getting the same or even better
services. If you are stressed about the amount you will be paying an agent to
sell your property, it is time you realized there is a better option. Consider
the following advantages of adopting the flat fee MLS:
You do the pre-market preparation yourself
This is one of the basic services
that you are buying whenever you opt to sell your property through an agent.
The flat fee MLS, however, gives you the opportunity of doing pre-market
preparations yourself. This means you can even give your home a better look
because you want a better value compared to an agent who is out to get a fee
and move to the next client. This preparation entails making a few fixes,
staging and taking photographs. Taking photographs and staging is not a
daunting task, and nobody knows the best spots of your house better than you!
Most of the resources needed are readily available over the internet, some of
which are step-by-step guides explaining how you will best prepare a property
for sale
.
It expands your market/showing
The real estate market has
transformed dramatically due to internet marketing. Once your property has been
placed on the local MLS service, it means that it will definitely appear on the
main real estate sites. The reduced commissions also means that better
commissions will be offered to the buyer’s agent, which actually completes the
legwork halfway for you. You may now opt for additional marketing strategies
such as placement of a signage and sending word to your social networks. You
can do this yourself or agree with a broker on a flat fee. The ultimate end is
that your property will meet an expanded market reach.
It is less risky
Selling your property through the
traditional agency actually means entrusting your entire home to the hands of
an agent. When you do it yourself, however, it is an opportunity to stand in
charge of the entire process, which reduces the risks that are involved. With
such control, it is obvious that any benefit from the buyer’s agent will get to
your directly while in the other case, they might be siphoned along the way if
the agent is a dubious one.
You make substantial savings
A good amount of money is saved when
you decide to sell the property yourself. If you were selling property worth $400,
000 for instance, you will pay a commission of $24,000 to the agent when
standard rates are applied. This is exclusive of the buyer’s agent whom you
will also pay a commission of 3%. When using the flat fee MLS service on the
other hand, it will only take you hundreds of dollars to have the property
listed on MLS. You will then be required to pay a commission of 3% if your
buyer was using a real estate agent. In the end, you will find yourself saving
a whopping $12,000 or even more.
In summary, with the revolution of
internet marketing there isn’t so much of a need to use real estate agents
across the entire sale process. Take a bold step and research the real estate
companies that lie within your area. We invite you to compare flat fee real
estate companies as well. We are confident you will find that House Connect
offers more services at a better price to help you save potentially thousands
of dollars on your real estate transaction.
We
also offer plenty of Atlanta real estate tips online! Be sure to follow us
on Facebook, Google+, Twitter, & Pinterest as well.
We’re constantly posting Atlanta market tips, real estate trends, and home
selling pointers to keep you ahead of the competition. Not to mention the money
you’ll save in commission prices!
House
Connect is an Atlanta flat fee MLS listing company offering an alternative to
the high cost of selling your home. We offer a discount realty service which
saves Atlanta home sellers thousands of dollars versus using the traditional
real estate brokerage.
To find out more about our flat fee MLS
listing service that can save you thousands of dollars versus a traditional
real estate brokerage, call us today or visit us online & “let’s get
moving!” 770.640.6800 www.houseconnectnow.com
* * A
transaction fee of .005 x the sales price will be paid at closing.
