Flat Fee MLS Listing on DIYHomeSellers.com

What is Flat Fee MLS?

How can I list my for sale by owner home with a Flat fee MLS service provider?

MLS is short for Multiple Listing Service (a local database of homes for sale, usually listed by real estate agents / Realtors). Plain and simple...flat fee MLS refers to placing your fsbo property details in a local real estate MLS database for a pre-determined fixed fee or dollar amount rather than selling on commission taken from the sales price of your property. What does this mean to you as a fsbo home seller? It means that you will be paying a flat fee that usually ranges from $349 to $799 rather than paying Realtor commissions, for example 6% of your home's sale price. Your fsbo home will be placed on the same MLS as all the other homes listed by local real estate agents, except you're the one who is saving money!

The main advantage of making your home a flat fee mls listing is that your fsbo property will also be listed on Realtor.com without having to pay thousands and thousands of your hard-earned dollars to commission. List your property now and get started!

Having your home listed on the MLS is important for a lot of reasons:

  1. You will gain extra exposure for your home, this will supplement your fsbo advertisement on DIYHomeSellers.com
  2. You will have access to a local real estate professional in your area to give you advice
  3. Buyers will now have multiple ways of finding your home online
  4. Your home will be listed on Realtor.com
  5. You will save thousands of dollars in today's tough real estate market

The only real negative about flat fee MLS is the fact that you will be expected to pay an agent who brings the person/family that buys your home, also known as a Buyers Agent. On the norm commission rates for the buyer's agent will run anywhere between 1% to 3% of your home's selling price. Again, this is only a small downfall and ultimately beats paying a full 6% commission. On the flip side if you find the buyer you don't have to pay any commission at all!

Listing your FSBO property on DIYHomeSellers.com Flat Fee MLS program will not only save you money but help you sell your home faster and for top dollar. You get a professional web page explaining all the greatest features of your property, advertisement on DIYHomeSellers.com, listing on Realtor.com and tons of exposure both locally and nationwide. Advertise your property today!

 

 

 

 

Agent Definitions

Agency refers to the legal requirement that one party in a relationship has a fiduciary obligation to the other (a position of special trust and confidence by the principal). As a for sale by owner home seller or home buyer, you need to be informed and understand the different types of agency in real estate.

  1. Buyer's agent - a residential real estate broker/agent who represents prospective buyers exclusively. As the buyer's agent, the broker/agent owes the buyer/principal the common law or statutory duties (meaning that they look out for only the best interest of the buyer).
  2. Seller's agent - If a seller contracts with a broker/agent to market the seller's property, the broker becomes an agent to the seller; the seller is the principal, the broker's client. In this case the seller's agent represents the seller exclusively.
  3. Dual agency - A broker is representing both parties (seller and buyer) in a real estate transaction. This is considered unethical and illegal in some states unless both parties agree to it in writing.