For Sale By Owner Flat Fee MLS Services
The Multiple Listing Service (MLS) is a database of homes for sale operated by the Board of Realtors®. It is the method agents use to find homes for their buyers or to advertise their client listings to other agents or consumers.
Flat Fee MLS services are now offered through For Sale By Owner real estate websites that will get you the same exposure as agent represented homes for a fraction of the cost. Average prices range from $299-$499 (based on local conditions). For this amount, you get listed on your local MLS, Realtor.com® (only homes in the MLS can be published on Realtor.com®), AOL®, MSN®, Yahoo!® and many more real estate websites that feature MLS listings.
Self-directed FSBO buyers are increasingly viewing MLS listings without an agent in hopes to cut out middle man commissions and find a home without involving an agent. Approx. 80% of buyers start their home buying search online and one of the broadest ways to get exposure for your home is to have it listed on the MLS by a flat fee agent. Listing on the MLS has been an increasingly preferred method for selling 'by owner'. If you wanty to sell it fast and have the most buyers see your property - get your home listed in the MLS and save yourself some time.
No commissions are paid to the listing (sellers) agent - your flat fee replaces the 3% commssion you would normally pay in a contractual agreement. But if an agent finds a buyer for your home, a 2-3% commission is normally paid. And you are never obligated to sell your home to a buyer or agent that found your home through the MLS.
If you're thinking about listing in the MLS, be aware of low cost providers. If you find it for $199 or less, expect the service to reflect the price you're paying. Even though it may seem as a simple task to simply add your home to the MLS, there is considerable initial and follow-up work on the listing agents behalf.
With a Flat Fee MLS listing, you'll get:
- Home Listing and Photos: Home will be listed in your local MLS for 6-months
- More Visibility: Listing on Realtor.com®, the country's largest national real estate website
- Maximum Exposure: Widest exposure to local buyers and those on the searching on the Internet on sites like Yahoo®, MSN®, AOL® and more
- Sold Faster: More buyers means more opportunities to make the sale
Plus, you can still sell "By Owner" and find a buyer without an agent and pay no commissions at all.
Based on local real estate market conditions, results will vary.
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