Posted by Manager on June 17th, 2008
Flat fee MLS is one of the best ways if you are planning for a sale of your property. Believe me, for I did it and had got a positive result while selling my house. If you want a price that is worth your home or you are in search of home owner rebates, then the flat fee MLS is surely going to help you in a big way.
Some of the advantages of flat fee MLS are as follows:
1) It is comparatively cheaper to the traditional real estate listing.
2) You can share wide information about the property you are intending to sell
3) The viewer will be able to see the property live as it allows posting of photographs
4) The people from the real estate will also be aware that your home is under the ‘for sale by owner’ category. This makes the sale faster
5) You will have the option to post open houses too through flat fee MLS
6) On sale of your property, you are not required to make payments to the agent of the buyer.
7) There is also no question of payment to the agent of the seller
Try it now!
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Posted by admin on July 24th, 2006
Flat fee MLS versus a traditional agent
When listing your home with a flat fee MLS broker you are essentially acting as your own listing agent assuming responsibilities normally handled by an agent. You will handle all showing requests, handle the marketing of the home – classifieds, etc, and negotiate the purchase offer. And once you sell your home you will immediately question why any agent would ever get 5-7 percent to sell a home. I think you will find it considerably easier than you thought.
The increase in home prices and recent market conditions have lead consumers to try a new method that provides the best of both worlds – it provides invaluable marketing exposure through the MLS while homeowners maintain all right of a for sale by owner. With the savings sellers experience in realtor commissions they would not otherwise realize, they have an opportunity to run their own marketing campaigns. Nowadays, most flat fee MLS providers provide many of the same marketing tools a full-service agent would provide like a yard signs, directionals, comparative market analysis (CMA) for pricing help, home warranties, virtual tours, realtor.com showcases, home flyers, home web pages, closing checklists, contract negotiations, and many other tools.
So what is the first question you ask a Realtor when conducting the listing interview? More than likely it is, "how are you going to market my home and where is my listing going to be visible to the public?" With flat fee MLS you control all aspects of the transaction; you are in the driver seat! Because sellers normally only pay between $400-$600 to a flat fee listing broker, it is almost foolish not commit some of that savings to an aggressive marketing campaign that will maximize your homes potential. Even if you spend a few hundred in classified ads, postcards, etc. you are still savings thousands more than listing with a traditional full-service agent. Spending a few more dollars to a flat fee MLS company that provides a Realtor.com Showcase listings may be advantageous as homes with additional photos and virtual tours are viewed 300 percent more often by the searching public.
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Posted by admin on July 13th, 2006
Sellers are saving thousands using flat fee MLS
Saving thousands in equity, while maximizing marketing potential seems to be the motivating factor for home sellers that enlist the services of a flat fee MLS broker. Savvy home owners have quickly come to realize the valuable savings advantage offered by these types of flat fee MLS service providers and discount realtors. Flat fee MLS and discount providers offer the same exposure through the MLS and public websites as any traditional agent with the only difference being, homeowners maintain complete control over the showing and contract negotiation process. With flat fee MLS, customers are afforded the same ancillary services such as home warranties, virtual tours, open houses, and broker assistance (usually available for an additional fee.)
Posted by admin on June 15th, 2006
Dealing with Real Estate Agents as a For Sale By Owner
As a for sale by owner or even as a customer of a flat fee MLS listing company you can expect to hear words of discouragement from local full service brokers. Agents will pull out their "bag of tricks" in attempts to intimidate you into listing with them. Don’t be fooled. If you are selling by owner, know that you can take advantage of marketing avenues like flat fee MLS in order to enhance your overall exposure, but if you choose not to, be patient. A home sale is one of the most important transactions affecting a family and selling on your own can save you thousands in equity.
As a for sale by owner be aware that agents will be quick to remind you that you are not a real estate "expert" and run the risk of legal battles and lawsuits regarding the home after sale. Response, have a real estate attorney review all contracts and disclosures. Agents will tell you your home is priced wrong. Response, get an appraisal or search home valuations online. Agent will tell you that no other agent will show the home. Response, offer a buyer agent compensation, and make it be clear. As a customer of a flat fee MLS broker agents will tell you that they cannot find a number to contact you. Response, it’s in the MLS. They will try to tell you your home is not listed in the MLS. If this is the case, how did they get your contact information?
These are just a few examples of what type of tired excuses you may hear from an agent. The bottom line is real estate is a cut throat industry with little ethical foundation - regardless of how hard the NAR tries to portray it. Full service agents and brokers are willing to do or say just about anything to preserve their precious commission structure.
Posted by admin on June 9th, 2006
Save on Realtor commissions and get your home shown first
When selling your home you need to think like a Realtor - taking advantage of marketing exposure and differentiating your home from other listings. To maximize marketing you can list the home with a flat fee MLS broker in order to get the exposure of the MLS and other public websites like Realtor.com, and MSN among others. As a for sale by owner some agents may be reticent show the home. Because you are saving 3 percent on the listing side of the transaction you can combat that hesitation by offering a more competitive compensation to buyer agents than any other listing in the area. Agents are very aware of what their compensation for selling a home will be and if a listing is not offering a competitive rate, you can be sure they will show that home last, or in some cases not at all. As inventory continues to rise offering a compensation of 3.5 to 4 percent will ensure your home will be first on the list of area showings. Agents have utilized this strategy for years by offering buyer agent bonus or incentives, but there is no better incentive than cash! If you aren’t happy with the traffic you are currently getting, give it a try.
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Posted by admin on June 6th, 2006
Limited-service brokers unaffected
As a number of states recently passed minimum requirements laws for real estate agency, Tennessee and
Virginia have passed legislation establishing requirements for full service licensees allowing exemptions for limited service providers. Thank goodness someone has gotten it right! The Department of Justice has commended the states for their preservation of consumer choice. Why has it been so hard for state senate to differentiate between the services being offered by a full service agent and a limited service broker and passing legislation that still promotes competition and choice? Minimum service requirements should be passed to ensure full service agents are providing a service that warrants the 3 percent usually received on the listing side of the transaction. Protecting the consumer means making sure that home sellers enlisting the services of a full service agent are getting all the services they deserve for the thousands of dollars they are paying. With a fee-for-service, or flat fee MLS broker, consumers know exactly what they are paying for, essentially there are no intangibles.
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Posted by admin on June 4th, 2006
Increasing your home’s marketing exposure
Over 75 percent of homes locally are sold through the multiple listing service (MLS) making it an invaluable tool when selling a home. Flat fee MLS provides an avenue for home owners to utilize the proven success of the MLS while maintaining all rights of a for sale by owner. This means sellers can market their home in the MLS and avoid realtor commissions altogether if an unrepresented purchaser presents an offer on the home. This scenario becomes increasingly more likely as lisitngs in the MLS are displayed on a bevy public websites inlcuding Realtor.com. Flat fee MLS provides a low cost alternative to the traditional agency while providing the same marketing exposure. If you are a selling a home by owner and have decided to cooperate with a buyer agent, then a flat fee MLS broker is the right choice for you. You can maximize marketing exposure and equity, all the while saving thousands during the sales transaction.
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