Flat Fee MLS – Save Big Money in Real Estate Fees

Almost all the homes sold today are sound because they were found online . On the internet, through IDX feeds, everyone is able to browse the same MLS listings that Realtors have access too. In most cases, buyers looking for houses online actually tell their real estate agent which homes they want to see. The best thing you can do to make sure you have a chance of selling your home is to have it listed on the MLS and all the websites that receive IDX feeds from it.

In the past, the only way to get your home listed on the MLS was to hire a Realtor and pay them a 6% sales commission. You contact to pay the listing brokerage the selling fee regardless of  who actually findsthe buyer . But now, you can get all the marketing available by selling your home as a MLS listing, for a lot less money.

Flat free MLS listings allow you to list your home by your self, and also to have the right to sell by owner if you can find a buyer yourself. Most of the time the people who will look at your home are already using a buyers agent. You will be required to pay a buyers agent a 3% commission, if they provide the buyer. Even if you have to pay the buyers agent commission will still save you nearly half of what you would have paid with a full service brokerage. However, a lot of the time buyers will contact the person selling by owner, even if they found the property while using a MLS site. Most of the time buyers are also reluctant to call a real estate agent, because they want to save on commissions too. A lot of the time they go to check out the exterior of the home, and the neighborhood, before they call a real estate agent. When this happens, your total real estate savings will be closer to 6%, as you will have no real estate commission to pay.This is thousands of dollars in potential savings. A sizeable savings for such a simple secret.

While listing your home with a service like Owners.com can save a lot of money when selling real estate, it also has some disadvantages as well. Companies that sell flat free MLS listings generally don’t offer much service, advice, or help. Only experienced sellers, and people who understand real estate rules and contracts should use flat fee real estate brokerages.

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