The process of selling a home is the same, whether you choose flat fee MLS selling, or you decide to sell with a traditional real estate agency. The major difference in flat fee MLS selling is that you won’t pay a commission on the sale of his home to a listing agent.
The flat fee MLS selling process starts when you list your home with a flat fee broker. If you’re just investigating the flat fee MLS approach to selling your home, focus on finding a service that focuses on the seller’s interests.
Creating an attractive listing is an important component for selling your home with flat fee MLS. Be sure to include photos that show the outside and inside of your home. List the home size, lot size and highlight the features that make your home attractive to buyers. Also, consider adding a virtual tour – a video tour of your home – for those who live further away.
Flat fee MLS selling ultimately requires all of the same documentation that homes listed with real estate agents do. An accurate sellers disclosure can be provided on the listing site, but you’ll need to verify that your buyer has actually received it when it comes time to close the deal.
With a purchase agreement in hand, you as a flat fee MLS seller will want to have a real estate attorney review the sales documentation, and may want to have the attorney present at the closing. You’ll also need to verify that all of the appropriate documentation is collected prior to closing, and copies have been forwarded to (or prepared for) the buyer.
As a flat fee MLS seller, you’ll also want to make certain the buyer knows when and where the closing has been scheduled, and the exact amount of the check needed to close the sale.
Flat fee MLS selling puts you in a position where you’re doing a fair amount of the sales work, but it has its benefits. Not only will you be able to save money when you sell, but also you’ll be able to have somewhere to turn if or when you have questions.
