What is Flat Fee MLS LIsting Service
There is a new wave in the real estate in „For Sale By Owner“ and that is the future of the real estate listings. Why? For sale by owner programs typically save the owner of hte home at least 5% and many times 7% „If They Can Sell The Home“. The hardest part of „For Sale by Owner“ programs is that they do not have an mls listing component to them. This means that they do not offer other real estate agents a cut of the commission for being their buyers, no do these FSBO programs have a way of entering the home in the mls data base
Why Do You Need An MLS Database Listings?
THe mls database allows real estate agents, referred to as the listing agent, to enter the home that they are selling into the mls database and when listed it allows every real estate agent in the state to have access to the home information through search capabilities. This makes it extremely easy to find homes that suit their buyer’s wants and needs.
How Can You Get an MLS Listing if You Don’t Use A Listing Agent?
Until about 4 years ago there was not a good way to get an mls listing without using an agent, and that meant at least 3% of your houses selling price would go to the listing agent. With a flat rate mls listing any homeowner can list their house without using a listing agent and save the 3 to 4% of the selling price and that can be pretty substantial.
Do You Still Offer a Commission to The Buyer’s Agent?
THe answer is yes. By listing your home in the MLS system for your state you will find the buyer’s agents are the ones that will be searching for your house in the mls system and want to bring their customers to your house to show it. However they will not do this unless they have an opportunity at at least a 3% commission on the selling price of the house.
Can I Sell My House Without An Agent Through Mls?
The answer is yes since mls listings literally show up on every major real estate site online including www.realtor.com and thousands of others. The odds of selling your house by yourself go up substantially when you use mls. If you sell yourself you stand to save 5 to 7% of the total selling price of the house.
In short, the newest and best way to sell your home by yourself is the flat fee mls system since it incorporates a savings of at least 3% of the total selling price while keeping the same powerful mls system that a real estate agent would use.
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Source by Leroy Milton