subject: List Your Home Flat Fee MLS with FlatFeeTopia.com [print this page] List Your Home Flat Fee MLS with FlatFeeTopia.com
Many people are choosing to leave the traditional methods of listing their home with a local Realtor. They would rather list it as a FSBO or For Sale By Owner.
This has become a growing movement with home owners, and has caused major ripples within the traditional waters of the Real Estate Industry. Why? For a licensed Realtor who would normally charge the seller 6-7% Realtor fees based on what their home or property sold for, this is a huge amount of money (especially considering the small amount of actual time spent marketing and finalizing the selling of one home). For example, if your home sold for $300,000 and you listed the traditional way, your listing Broker would receive $18,000 dollars. Of course, they would have to split that with the other Real Estate Broker who represents the buyer of your home, but $9,000 is a lot of money for just a few hours work.
Today, due to the impact of internet marketing on popular FSBO Real Estate websites, home owners are able to sell their homes within their local Multiple Listing Service for a heavily discounted rate. They are choosing to move away from the traditional 6% Broker, because the typical Flat Fee MLS service ranges from $200 - $800, depending on the location of the home and the options that the home owner selects to participate in.
There are websites that some FSBO sellers attempt to use to market their homes, but realistically, none are as effective as the Multiple Listing Service. Since 80-90% of homes purchased today are found by Realtors scouring those listings for their potential buyers, the MLS is the gateway to selling a home. Not adding the home to the local MLS, is like not revealing that home's availability to hundreds and maybe thousands of Realtors.
Besides the money aspect of FSBO versus traditional Real Estate practices, their are several additional benefits to selling your home as a For Sale By Owner. One of them is that as a home owner, you get the opportunity to take the phone calls that come in about your home. You get to describe to the potential buyer, what is great about your home: the details only you really know about. It's not just about square feet or the number of rooms, but about the quality and character that your home has. You can also manage how and when you show your home. These represent only a few of the benefits you can retain by way of listing Flat Fee.
A huge monetary benefit of a Flat Fee Listing is that, since your home is in the MLS, it will automatically be sent out to hundreds of other Real Estate websites, including the enormously popular Realtor.com, where millions of potential home buyers are using the internet to find themselves a home.
It gets even better: if an individual buyer contacts you directly, and you sell your home to them, you owe absolutely no Realtor commission, besides the initial Flat Fee. However, if another Real Estate Broker or Agent procures a buyer then you pay that Broker half or the typical 6-7% Realtor commission.
We hope we have educated you in the differences between a Flat Fee Listing and the Traditional Full Service Listing. The next step for you is to find a Flat Fee provider in your area. Their are many websites that offer Flat Fee Listings nationwide, which offer the most competitive rates. We at FlatFeeTopia.com wish you the best.
