How it Works?
Our Flat Fee MLS services provide increased exposure without many of the supplemental services offered by full-service listing companies. It is up to you to handle showings, open houses, negotiation, closing, etc. Since we know where our responsibilities begin and end we can provide our services for a small fee. We believe this is the natural evolution of the real estate industry. Home sellers now have more options then ever before. In fact, we're surprised the old system survived for so long without a serious challenge. Here in the 21st Century, we are about efficiency, speed, and cost. The Internet is what makes this evolution in real estate possible.
The service we provide accounts for the listing side of the transaction. It does not account for the buying side of the transaction. If an agent is involved (if they procure your buyer) you will have to pay that agent's broker a commission at the time of closing. This commission is commonly referred to as the Buyers Agent Commission (BAC). We recommend the Buyers Agent Commission to be 2.5% to 3% of the sale price. However, you are free to offer what you choose. Keep in mind that most realtors will only show those listings that offer a competitive fee compared to most of the other homes in MLS.
It gets better. Unlike most real estate listings, our Flat Fee MLS allows you the flexibility of finding a buyer on your own. If sell your home to a buyer that is unrepresented you don't have to pay the 2.5% to 3% Buyers Agent Commission. For example, if a
buyer sees your listing and contacts you directly, with no other agents involved in any way, then the Buyers Agent Commission does not apply. The same goes for any buyer who sees your yard sign or your listing on our site, so long as you deal directly with the buyer and not an agent.
Flat Fee MLS vs. FSBO?
Our services provide greater exposure than traditional For Sale By Owner (FSBO) marketing services. The cost savings can range from good (you pay our flat fee + selling agent commission) when an agent is involved in the transaction, to great (you pay only our flat fee) when you deal with the buyer directly. Listing your home on the MLS not only increases your exposure, it also opens up a large pool of buyers who use real estate agents and generally avoid FSBO listings. Remember, a lot of buyers peruse Realtor.com who aren’t working with an agent and could easily call you directly since that is what the instructions are in the MLS remarks section.