HOW FLAT FEE MLS WORKS
Now let’s look at an example of a property that sells for $500,000 using a FLAT FEE MLS PLAN and a Buyer Agent receives a 2% incentice vs. paying a 6% Sales Commission.
| Flat Fee | Traditional Broker | |
| Sales Price: | $500,000 | $500,000 |
| Seller Agent Fee: | $195.00 | $15,000 |
| Buyer Agent Fee: | $10,000 | $15,000 |
| You Save: | $19,805 |
Let’s look at an example of a property that rents for $2,000 using RENTAL FLAT FEE MLS.
| Flat Fee | Traditional Broker | |
| Sales Price | $2,000 | $2,000 |
| Seller Agent Fee | $95 | $1,000 |
| Buyer Agent Fee | $1,000 | $1,000 |
| You Save: | $905 |
You Get All the Financial Savings of Selling "By Owner"
with the exposure of Listing with an Agent. Other Highlights of this Program Include:
- Everything is done on-line, , we make it easy!
- You can Manage your Single Property Website 24/7, from your Website Control Panel
- You can easily Upload and Change your digital Property photos
- We can schedule unlimited Open House Events in the Local MLS.
- You can easily Advertise Events on your website.
- You can easily update your Property Listing status, such as Pending or Sold
- You have Access to Flyer Creator, along with three different color flyer templates, and have the ability to download Flyers in a PDF format
- You have access to Classified Ad Creator, which allows you to generate HTML code to post your ad on classifieds sites such as Craigslist, Trulia, LiveDeal, MRLS.com, Hotpads, Kijiji, Oodle, Vast, Zillow, PropBot, eBay and others.
More and more, home owners are resorting to selling their properties on their own without the need of a traditional real estate agent and broker. In today's market, it's important to maximize the exposure of your listing, through as many avenues as possible. This is where USFlatFeeListing comes in. We have a nationwide flat fee MLS listing service and operate more than 1300 real estate websites. We will market your property through traditional means in addition to utilizing the power of the Internet to make sure your home gets viewed by as many buyers as possible.
Here are some facts about current online real estate trends:
*Most Realtors don't show FSBOs: In 2010, 83% of buyers used a real estate agent, up steadily from 69% in 2001.
* FSBOs have extremely limited exposure to qualified buyers. Realtors have no incentive to show a property unless their commission is legally protected. The only way to legally protect a commission to the Buyer's Broker is by signing a Listing Agreement.
*Only 9% of sales in 2010 were FSBOs and half of those were people the seller knew personally:
Unless a FSBO knows their buyer, attempting to sell a home as a FSBO offers only a small percentage of the buyer pool. FSBO sales declined to less that 10% of the transactions in 2010, down from around one in seven in 2004.
*Benefit from greater visibility on many important websites: US FLAT FEE LISTING has invested in special relationships with many websites providing our sellers with greater visibility to the buyer pool, not only the MLS, but also Realtor.com, Zillow.com, Trulia.com, Yahoo.com, Google.com, as well as hundreds of others.
*Real Estate transactions can be complex: Realtors are trained to be able to guide the consumer through the process.
*FSBOs have no financial safety net: Realtors provide coverage via costly Errors and Omissions Insurance. Having a safety net prevents exposure to future liability with regards to a home sale.
*FSBOs put their property and family in physical danger: Home sellers should be careful when allowing complete strangers into their homes unsupervised.
*Homes that are not listed on the internet are not positioned well against their competition: In 2010, 93% of sellers listed their homes on a Multiple Listing System and 89% of buyers used the Internet in their home search process.
* Homes listed on the MLS go onto thousands of websites. Homes not listed on the MLS have extremely limited internet exposure.
*Can a FSBO be as objective as a potential buyer will be?: Sellers gain an advantage when hiring a Realtor to objectively help stage and present a home in the most favorable light. This task gives sellers an edge over FSBOs who do not have this assistance.
*Information Source – National Association of Realtors, Profile of Home Buyers and Sellers 2010
Can a Flat Fee MLS PLAN really save me that much?
Let's look at potential savings as seen on 60 Minutes.
Why is being listed in the MLS so important?
- MLS stands for "Multiple Listing Service", and is "the real estate market".
- More than 80% of all properties sold in the US are listed in the MLS.
- Being listed in your Local MLS means that all the Realtors in your area can find your Property in their MLS database.
- Buyers can find your Property on thousands of public MLS websites, where they are most likely to be searching for a Property. MLS listed properties (for sale by owner or not) sell faster and for more money than non-MLS listed "for sale by owner" properties.
MLS listings can only be posted by a Licensed Real Estate Broker, which is why USFlatFeeListing is a tremendous resource; we handle the MLS listing for you, you get to sell you property "By Owner", and you save thousands of dollars that would typically be paid to a Seller’s Agent. Listing your property with USFlatFeeListing allows you to List your Property on your Local MLS for a Flat Fee, and making it available to thousands of Realtors.
At USFlatFeeListing, we believe that creating a Single Property Website and Listing your Property on your Local MLS (Multiple Listing Service) should be easy, and make you more money. Traditionally, a Seller’s Agent will list a Property on your Local MLS for a commission of 5-6%. Upon the closing of a sale, the Seller’s Agent will split the commission with the Buyer’s Agent, so each receives around 3% of the total sale.
This 6% commission comes directly out of your profit on the Sale of your Property. At Homes Advisor, we can help you eliminate the Seller's Agent commission—saving you thousands of dollars.
With our Flat Fee MLS Program, you are responsible for handling the sale of your property; which includes all Property Showings, Open House Events, negotiations, and paperwork like escrow, title, inspections, disclosures, appraisals, etc. We don't act as your "Seller's Agent", we provide the resources and assistance you need to create exposure, track sales activity and make more informed decisions regarding the sale of your Property. If you feel that you need a professional for certain aspects of the transaction such as negotiations, drawing up contracts, holding escrow, legal advice, or advice on the official offer, you may consider hiring an attorney to assist in some or all of these areas.
More than 80% of all Properties For Sale are Listed in a Local MLS, making it the number one resource for Realtors. Plus, Buyer’s Agents are never discouraged from showing properties listed through USFlatFeeListing because they can receive the same Commission (typically 2% - 2.5%) as other transactions (You set the Commission a Buyer's Agent will receive).
Your MLS Listing through USFlatFeeListing will look just like MLS Listings through traditional Real Estate firms. Also, we will feature your home on Realtor.com, HomesInYourTown.com, Homes.com, Front Door, Century 21, Remax, Coldwell Banker, and all Real Estate Brokers who participate in MLS/IDX.
See Also: Single Property Website | Flat Fee MLS | Flat Fee MLS Plus | Flat Fee MLS Broker Assist | Flat Fee Rental MLS Plan | Compare Plans | List My Property