Benefits of Flat Fee MLS Listing

Are you aware that Flat Fee MLS Listing is the newest and fastest way to sell your home without spending 6% on agent commissions? When you hire a real estate broker you pay around 3% for their service while they split the other 3% to the buyer’s agent. Six percent is a huge amount of money to spend especially when you have the option pay around $300 as a one-time flat fee to have your property listed in a real estate database and avoid paying 3% for broker commission.

Flat Fee MLS Listing

It is the process of having your property listed in a real estate database called the MLS or Multiple Listing Service for just a fraction of the cost you pay for seller concessions or broker commissions. This database is what realtors use to list properties that are for sale in the area and look for homes that are suitable for prospective buyers. Typically, you will only pay $200 to $400 for the one-time flat fee but this varies depending on your service. This may include other services other than having your home listed in the MLS.

So, why do you need to pay a flat fee to have your home listed? Listing your home in the MLS does not work like putting up an ad in a newspaper. You need to have a licensed realtor put up your listing. But that’s not the only job they need to do. The listing agent is responsible for updating the property information in the MLS whenever there is a change in the status.

For example, once the property is under contract or sold, the realtor is expected to keep the information up-to-date so it will no longer appear Active in the MLS. If the information is not updated then this is a risk that a listing agent is willing to take since failure to update the information may place his MLS membership in jeopardy. So, literally this means that you can trust that the information about your property is listed in the database accurately by the listing agent.

You can sign-up with a website that allows you to pay a flat fee and enjoy added benefits while paying less. Some benefits on top of MLS listing are free a personal website for your property, listing on aggregate real estate websites like Realtor.com, and toll-free support in case you have questions. The duration of your listing can be between 6 to 12 months depending on the type of service you want. You may have the option to extend your listing but for an added cost.

Flat Fee MLS Listing will give you a higher chance of selling your home by FSBO or For Sale by Owner. Through national databases like Realtor.com that is open to individual buyers and not only brokers, you can avoid paying 2% to 3% of the buyer’s agent commission.

Immobilienmakler Heidelberg

Makler Heidelberg