At USFlatFeeListing.com, we believe that listing a property on MLS (Multiple Listing Service) should not be costly. Traditionally, a seller’s agent will list a property on MLS for a commission of 5-6%. Upon the closing of a sale, the seller’s agent will split the commission with the buyer’s agent, so each receives around 3% of the total sale. This 6% commission comes directly out of your profit on the sale of your property. At USFlatFeeListing.com, we can help you eliminate the seller-agent’s commission—saving you thousands of dollars.
Listing your property with USFlatFeeListing.com allows you to advertise your property on MLS for a flat fee, making it available to thousands of realtors. However, USFlatFeeListing.com does not act as your seller’s agent. With the MLS flat fee program, you will be responsible for handling your home sale, which includes all home showings, open houses, negotiations, and paperwork like escrow, title, inspections, disclosures, appraisals, etc. If you feel that you need a professional for certain aspects of the transaction such as negotiations, drawing up contracts, holding escrow, legal advice, or advice on the official offer, you may consider hiring an attorney to assist in some or all of these areas.
90% of homes for sale are listed on MLS, making it the number one resource for realtors. Plus, buyer’s agents are never discouraged from showing properties listed through USFlatFeeListing.com because they receive the same commission (typically 2% - 2.5%) as other transactions (You set the commission to buyer's agent!). Your MLS listing through USFlatFeeListing.com will look just like MLS listings through traditional real estate firms. Also, we will feature your home on Realtor.com, HomesInYourTown.com, Homes.com, Front Door, Century 21, Remax, Coldwell Banker, and all real estate brokers who participate in MLS/IDX.
MLS listings can only be posted by licensed real estate broker, which is why USFlatFeeListing.com is so unique: we handle the MLS listing for you, you get to sell you property By Owner, and you save thousands of dollars that would typically be paid to a seller’s agent.
Let’s look at an example of a property that sells for $500,000 using Flat Fee MLS.
Flat Fee Broker Traditional Broker
Seller Agent Fee $495.00 $15,000
Buyer Agent Fee $15,000 $15,000
You Save $14,505
Let’s look at an example of a property that rents for $2,000 using Flat Fee MLS.
Flat Fee Broker Traditional Broker
Seller Agent Fee $199 $1,000
Buyer Agent Fee $1,000 $1,000
You Save $801
In this example, USFlatFeeListing.com saves the seller $14,505 by eliminating half of the commission and replacing it with the low MLS flat fee. However, if you find the buyer yourself, without the assistance of a buyer’s agent, then you pay 0% commission—only the MLS flat fee.
FLAT FEE MLS
List your property in the MLS for a flat listing fee as low as $199 instead of agreeing to pay a Realtor 6%. Pay an agent who brings you a buyer 2% to 3% (varies by area). If you find a buyer, you don't pay any commission at all! (We'll let you do the math of 6% of the value of your home versus $199.)
MLS stands for "Multiple Listing Service". Most people refer to MLS as if it were all one big database of homes. Actually there are over a thousand individual MLSs across the country; some big, some small. They are all separate from each other, so a Realtor who looks on his local MLS in Boston can't see the listings in the Miami MLS. That's why it's so important to be listed in the correct local MLS. There are many national websites, like Realtor.com, that aggregate listings from all these 1000 MLSs, and put them all on one giant website. Some information, such as commissions offered to agents and owner contact information, is only displayed on the local MLS for agents to see, and not the national public websites.
Only a licensed real estate broker who belongs to the MLS and pays the MLS dues and fees is able to list a property. An individual can't simply post an "ad" in MLS, like placing an ad in a newspaper. The real estate broker is also responsible for the accuracy of the listing, and keeping it current. For example, the broker can lose his MLS membership or pay heavy fines if a property is under contract or sold, but still listed as "Active" in MLS. When you list with us, a licensed broker who belongs to the MLS where your property is located will be assigned to your listing.
We will assign you to one of our brokers who is a member of your local MLS
Within 24 hours (usually sooner, except on weekends) you will receive an email with forms and information needed for the MLS listing (if you don't receive it in this time frame, please call us).
You complete the forms/paperwork per instructions, and send it to your local broker.
Your property will be listed in MLS by the end of the following business day, but usually the same day if received early in the day
From this point forward, your local broker will be your main point of contact. If there are any problems that your local broker cannot handle, call the main office at 800-449-4957.
Once the property is in MLS, it will take 2-5 days before it appears in all the other national websites, such as Realtor.com or yahoo.com. This is based on the data update
The primary thing that sells a home is the property itself. A sale occurs when a buyer walks or drives up and falls in love with the property. Given this fact, your goal in using real estate signs is to get the buyer to your property.
When using real estate signs, it is pretty hard to go overboard. In most areas, you want to put up between 5 and 10 signs. One sign (or if sight distance and / or angle of approach makes it advisable, two signs) should be placed in front of your home. Directional signs should be placed on the corner of each entrance street to your neighborhood. You should also place a sign at each end of your block and any intervening blocks where a person must turn to reach you. The goal is to grab their attention and then lead them to your property. Try to make it as easy for them as possible.
Some people are a bit hesitant when it comes to sticking up signs everywhere. Yes, it can be a bit tacky, but it works. When selling a home, putting up real estate signs is a critical step in helping buyers find your property.
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