For years, home sellers had two choices: Work with an agent, or don't sell your house. Today, those choices look much different. Instead of being tied to a listing agent (and tied to paying that 6 to 7 percent standard commission on the sale of their home) sellers have the option of choosing a Flat Fee MLS listing.
Let's take a closer look at two differences between a traditional real estate agent and the modern flat-fee listing service -- and see which one is best for you.
Traditional Real Estate Agent: When you use a listing agent, you'll generally end up paying them the industry standard of 6 to 7 percent of the home's selling price. On a $300,000 home, that adds up to $18,000 -- half to the listing agent, and half to the buyer's agent.
Flat-fee MLS Listing Service: When you use a flat-fee MLS listing, you pay just that: A flat fee, with no surprises. When your home sells, you'll generally pay a 3 percent commission to the buyer's agent. On a $300,000 sale, that's $9,000 more dollars in your pocket when you walk away from the table!
Traditional Real Estate Agent: An agent will list your home on the MLS, where it can be seen by thousands of potential home buyers and their agents.
Flat-fee MLS Listing Service: A flat-fee listing service will also list your home on the MLS, where it can be seen by the exact same audience of potential home buyers and their agents. As 90 percent of homes sell through the MLS, agents turn to the MLS first when searching for homes to show their clients.
So why pay thousands when you don't have to? The winner is obvious -- for more information about how a Flat Fee MLS listing service can help you sell your FSBO home, visit NoMoreAgent.com.
Published on 04/26/15