A “Flat Fee MLS Listing” refers to the practice in the real estate industry of a seller entering into a service agreement with a Realtor® that accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction. Modern technology and economies of scale make this a very attractive alternative to a traditional agent.
When buying a home, the seller pays a buyer agent commission. Our rebate is one-third of that commission paid back to you as an incentive to do business with us. You save a lot of money and can use your rebate for anything you want.
Abbreviated as FSBO, a home offered for sale without the assistance of a Realtor®. As an FSBO, you’re responsible for everything from start to finish. Pricing, staging, listing, marketing, negotiating, forms, contracts, legal compliance, and closing the transaction are your responsibility.
The cost of the MLS Listing is a fixed amount, not a percentage.
Upfront setup fees are common with Flat Fee MLS Listings.
Features are bundled differently and vary with different providers.
Flat Fee MLS Listings avoid conflicts of interest.
We know the FSBO seller does all the work to avoid agent fees and commissions. For starters, to market any property in MLS, you have to pay a buyer agent commission. Typically, that is 2-3% or 50% of what would have been paid to a traditional 6% Realtor®. When you go the bare bones Flat Fee MLS route, the broker at a minimum is responsible for advertising and making any updates. If you want additional help with pictures, lockboxes, signs, flyers, showing service, negotiating, closing, and market analysis, you may pay more.
What are all the fees and commissions? (We do not have hidden fees)
Do you help with pricing strategies? (Ask us for a free market analysis and explanation)
*How will you market my property? (All MLS, photos, websites, signs, flyers are standard with us)
How will you schedule appointments? (We utilize a showing service)
What is your track record? (Look at our reviews and past performance and compare)
*How do you provide representation? (We are the point of contact and handle negotiations)
*Do I have to speak to buyers and their agents? (With us, only if you want to)
Do you provide transaction and closing assistance? (Yes, we do)
How long will it take to get my listing in MLS? (2-3 days with DFWCityhomes)
Do I have a single point of contact? (You have one point of contact, not a team or help desk)
How do you communicate with me? (We favor email, text, and phone)
*Some features excluded in the Limited Flat Fee listing Service
It is critically important that you fully understand your costs and timing obligations before pricing your home, and executing and negotiating a contract. We help you understand your closing expenses at the time of the listing based on your approximate list price. When an offer is received, contract terms can be different based on timing and terms, and another evaluation is offered to correctly understand the offer in hand.
Buyer agent fees are always confusing. Real estate is a unique industry in that the Seller sets and pays the representation fee for the Buyer. The compensation system was developed to encourage cooperation between Brokers and promote fairness. With this system, cooperating agents can know what earnings to expect without becoming a party to a transaction. The amount you pay is negotiated in your listing agreement, we recommend 2-3%. You can offer anything you are willing to pay. The amount is not regulated.
The way you sell a home and live in a home are different things. The foremost number one thing to do is, “declutter” counters, walls, and rooms. I walk into showings all the time and the garage is stacked floor to ceiling with Tupperware crates of removed clutter. Clean and make attractive all rooms, furnishings, floors, walls, and ceilings. Make sure the basic appliances and fixtures work and get rid of leaky faucets and frayed cords. Make the house smell great. Paint is the only cost-effective improvement.
Making repairs leads to a better sales price and faster sales. It's not always an easy decision about what to do and how much to spend. Wity your market analysis, we assist you in making repair decisions.
It is simple, in considering listing services, enter the property address and Google search some of their active listings. After your listing is live, Google search your property address. You will see all the major sites on the first page.
When making a decision to sell your home, we help you establish a strategy that covers timing and cost based on your needs. While some sellers successfully sell their homes on their own, a For Sale By Owner (FSBO) arrangement is more complicated and risky requiring a great deal of personal time and expertise through the process. For this reason, most people consider the fee paid to a real estate Broker worth the investment, for the convenience, time savings, and overall guidance provided. In choosing any MLS Listing Service, make sure you understand what will be provided and at what cost.
