Put the power of hundreds of real estate agents to work selling your house at a fraction of the commissions you would pay for a "full service" listing. Sell Fast by reaching buyers who use real estate agents
and still save thousands.
Pay $199 - $499 for a flat fee mls listing and save $6,000 on the typical commission on a $200,000 house.
Flat fee mls works because there are two real estate agents involved in the sale of almost every house: the "listing agent" who works with the Seller, and the "buyer's agent" who works with the Buyer.
Listing Agent
Typical Listing agent tasks
Buyer's agent
Typical Buyer Agent tasks
Put home in local MLS
Assist in setting price
Provide "Home For Sale" sign and newspaper ads.
Host an open house
Search MLS for homes that match Buyer's wishes.
Take Buyers to see homes.
Prepare offer and assist with negotiations.
$6,000 (3%)
$6,000 (3%)
On a $200,000 house, the Seller typically pays 6% commission ($12,000) which is split evenly, with the "listing agent" getting 3% or $6,000 and the "buyer's agent" getting the remaining $6,000 (yes, the Seller pays the "buyer's agent").
A flat fee listing eliminates the $6,000
that goes to the "Listing Agent"
and replaces it with a "flat" fee of
$199 - $499
The Seller is still obligated to pay the Buyer's agent
but in most areas the Buyer's agent will accept 2.5% or $5,000 in our example of a $200,000 house.
Instead of $12,000, the Seller pays $5,000 plus the listing fee for a savings of over $6,000
No Free Lunch!
For his relatively small Flat Fee, the "listing agent" is obligated to perform only one task: he puts the home in the local MLS. He or she is *not required to:
Assist the Seller in setting a selling price.
Provide a "Home For Sale" sign for the front yard.
Provide a "lock box" so agents can show the house when Seller is not at home.
Answer phone calls from prospective buyers who want to see the house
Write and place ads in local newspapers
Host an "open house" for local realtors and prospective buyers.
As part of putting the home in the local MLS, the "listing agent" must get the Seller to sign a "Listing Agreement" that specifies both the "flat fee" and the 2.5 - 3% to be paid to a "buyer's agent."
