Multiple flat rate listing with option to sell by owner

When it comes to Real Estate Sales, there is an old saying about wanting the best of both worlds, full service with discount prices. We’re not sure exactly where that came from, however we do know that home sellers can now experience that in an increasing number of markets. Simply put, For Sale By Owners, FSBO’s, can now try to sell their homes on their own and are allowed to enter the multiple listing service. What does this achieve? It is a proven fact that the MLS is the most successful way to sell a home. The cooperative of agents in the MLS service that interacts with the Internet gives the seller the best way to expose his house on the market.

A lot of sellers say I’d like to use that service, but I don’t want to pay 6 or 7% to do so. Those same sellers say I’m willing to pay 3% to someone who brings me a buyer, but I don’t think the real estate agent deserves 3%. Now several companies offer this service. For a small flat fee of around $500, the seller gets on the MLS and other local and national websites and can still advertise on their own to land a buyer. If the seller is successful on their own, a small fee or even no commission must be paid to the listing agent depending on the deal and services desired.

Why would an agent do this, to get more business? If they sell the house, they get 3%. They can get other listing buyers to buy other properties and get more listings. Everyone wins. The seller can have more flexibility on pricing, offer bonuses to the listing agent or closing costs, trust us, it works. Neighbors see their neighbors’ houses sold and it all generates more business, and allows the seller more flexibility to sell their house and earn more money from its sale.

The seller can use these savings to help the buyer with closing costs or lower the sales price, or they can pocket the savings and use it as a down payment on their next home purchase. Simply put, for sale by homeowners, fixed fee multiple listing services provide the marketing power of the MLS without paying full price on both sides of real estate commissions and save homeowners thousands of dollars. dollars on the sale of your house.