There are basically two choices you have once you
decide to list your home in the MLS: Flat Fee MLS listing (or Discount
MLS Listing), such as with our company, or Traditional. When listing
your home on
the MLS with a full-service Real Estate company, a listing commission
is charged. This listing commission is usually based on the sales
price of your home and will usually range anywhere from 3-6%. Keep
in mind this has nothing to do with the buyers agency commission,
which can run you another 3-6% of your sales price. This means
that 6-12% of the price of your home will go to Real Estate Agents.
|
Our Flat Rate MLS |
Traditional MLS |
|
Similarities |
MLS Listing on your local MLS by a licensed real estate
company, us!
|
MLS Listing on your local MLS by a licensed real estate
company.
|
Exposure on all internet sites such as Realtor.com, Google Base,
Yahoo, etc for your local MLS area.
|
Exposure on all internet sites such as Realtor.com for your local MLS area.
|
No need to worry about contracts. The buyer's agent will
bring you the written offer. AND if you find your own buyer, you are supplied with all of the forms,
contracts and disclosures you will need!
|
No
need to worry about contracts. Your agent will bring you the written offer. However, you will typically not
be able to find your own buyer without still paying a listing commission.
|
| Differences |
We
charge a flat rate of Only $195.00 to list
your home in the MLS. No Listing Commission. |
A percentage of the selling price of
the home is charged. This can typically be anywhere from 3-4% (thousands of dollars).
Typically other fees such as back end Sales Transaction fees are also charged.
|
You are able to market and sell your home on your own. If
you find your own buyer you will owe no commission to anyone.
|
You are not able to sell your home on your own. Even if you
find your own buyer, the Real Estate listing agency is entitled to a commission.
|
You are able
to choose the amount you wish to offer to the buyers agent.
|
The listing
agent will choose the amount of the buyer's agent's commission. This is typically, 2-3.5% of the sales
price of the home.
|
You schedule your own appointments and showings, around your
schedule.
|
They will schedule appointments and showings around their
schedule. This may inconvenience potential buyers.
|
You are able advertising your home however you choose and conduct your own
open houses.
|
They will sometimes provide newspaper advertising and sometimes
conduct open houses.
|