Shouldn’t Real Estate Commissions Be Lower?
For nearly 20 years, DFWCityhomes has been a well-respected and established Flat Fee MLS Listing Service provider in Texas. Their personalized approach to each client has earned them a solid reputation for delivering top-quality service. As the leading Flat Fee MLS Listing Service in Texas, they offer exceptional and cost-effective service, and their impressive track record speaks to their unwavering dedication to professionalism, integrity, and customer satisfaction.
To learn more, visit our MLS Listing Services or Buyer Rebate Services pages. You can also Contact Us or call (214)-207-0210 to speak with a Realtor® and find out how we can save you time and money.
In Dallas Texas, the Internet has made the job of a real estate agent much easier and less time-consuming. Agents don’t have to jump in the car every time something needs to get done. The 6% real estate commission system designed in the 1970’s, is still upheld by many brokerages. More than ever before, representing buyers and sellers is a tabletop business and escalating home prices don’t justify higher commissions. Researching the market is no longer an Easter Egg Hunt where only the agent knows where the homes for sale are. Tools, technology, and rules of fairness have made finding homes, writing contracts, negotiating, presenting, and executing contracts, more efficient than ever before.
About Dallas, Texas
Dallas, Texas, also known as Big D, is a city with a wide range of opportunities and plenty of space for people looking to relocate. It is known for its business opportunities, affordable housing, higher education options, vibrant arts and entertainment scene, and friendly residents. More people moved to the Dallas-Fort Worth area in 2021 than any other region according to online real estate marketplace company, Zillow. With a population of almost 1.3 million, Dallas is a diverse city that can accommodate a variety of people.
Dallas is located in North Texas and is the central hub of the largest inland metropolitan area in the US that does not have a navigable connection to the sea. The city and nearby Fort Worth were developed due to the construction of major rail lines, which facilitated the transport of cotton, cattle, and later oil in North and East Texas. If you are considering moving to Dallas, there are resources available to help you understand why so many people have chosen to call this city home. However, you’ll want to act quickly, as others may also be considering making the move.
Dallas is a transportation hub with four major interstate highways converging in the city and a fifth interstate loop surrounding it. This, along with the construction of Dallas/Fort Worth International Airport, one of the busiest airports in the world, has made Dallas a strong industrial and financial center and a major inland port. The city is the economic center of the Dallas-Fort Worth-Arlington metropolitan area, which had a population of almost 8 million in 2021.
Dallas’ economy is primarily based on banking, commerce, telecommunications, computer technology, energy, healthcare and medical research, and transportation and logistics. The metropolitan area’s economy is the fourth largest in the US, with a real GDP of $477 billion in 2020. In 2022, the area became the second fasting growing employment center in the country, with more than 3.6 million non-farm jobs. The Dallas-Fort Worth-Arlington metropolitan area is home to 42 of the Fortune 1,000 companies in the US.
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See What People in Dallas Are Saying About DFWCityhomes
Frequently Asked Questions
In a Flat Fee MLS Listing arrangement, a seller contracts with a real estate broker to list their property on the MLS (Multiple Listing Service) for a flat fee instead of paying the traditional percentage-based commission to the listing agent. This allows the seller to save money on the listing side of the transaction while still getting the exposure and marketing benefits of the MLS.
When sold, the seller is responsible for paying the buyer’s agent commission, which is typically around 2-3% of the sale price. This type of arrangement can be beneficial for sellers who want to save money on the listing side of the transaction and have some experience in real estate transactions, but it is important to note that the seller may need to handle aspects of the selling process themselves.
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.
An MLS is a centralized database used by real estate brokers and agents to share information about properties for sale, providing detailed information including the listing price, property features, location, and other important details, and increasing visibility for potential buyers.
The MLS is run by local or regional realtor associations, and offers full market exposure to buyers and sellers, with more than 800 associations across the USA. According to National Association of Realtors (NAR), MLS transactions accounted for about 92% of home sales in 2020. Overall, the MLS promotes transparency and efficiency, making it easier for buyers and sellers to connect and complete real estate transactions.
MLS listings are an essential tool for both buyers and sellers in the real estate market. Buyers can use the MLS to search for properties that meet their specific criteria, while sellers can use the MLS to get full exposure to the marketplace, offering their properties to a large audience of potential buyers. Overall, the MLS helps to promote transparency and efficiency and makes it easier for buyers and sellers to connect and complete real estate transactions.
DFWCityhomes is a member of the following MLS associations:
Metrotex (DFW Area)
HAR (Houston Area)
ABOR (Austin Area)
SABOR (San Antonio Area)
CCAR (Corpus Christi Area)
GTAR (Tyler Area)
CTXMLS (Central Texas Area)
GEPAR (EL Paso Area)
LBOR (Lubbock Area)
FSBO is a real estate transaction where the seller chooses to sell their property without an agent. The seller assumes responsibilities such as pricing, marketing, negotiating offers, and managing the closing process. FSBO transactions are typically undertaken by sellers who want to save money on real estate commissions or have experience in the real estate industry.
However, FSBO transactions can be challenging as the seller may lack the experience and resources of an agent. It is important for sellers to weigh the pros and cons before deciding to go this route. Working with a reputable and experienced real estate agent or broker can provide valuable expertise and guidance throughout the selling process.
A Flat Fee MLS Listing is different from a traditional 6% listing in how the real estate agent is compensated. In a traditional listing, the seller pays a percentage-based commission of typically 5-6% of the sale price to the listing agent, who then splits that commission with the buyer’s agent. In contrast, a Flat Fee MLS Listing involves a flat fee paid by the seller to the agent for listing the property on the MLS, with the commission paid to the buyer’s agent usually specified separately. While the fee structure is the main difference, there are also differences in the services provided.
In a traditional listing, the listing agent handles most aspects of the selling process, while in a Flat Fee MLS Listing, the seller is responsible for some tasks. It is important to research providers and understand what services are included in the fee. Using a Flat Fee MLS Listing can avoid the conflict of interest in dual agency, where an agent represents both the buyer and the seller. Ultimately, the choice of listing service depends on the seller’s goals, preferences, and comfort level with the selling process.
FSBO sellers avoid some or all of the buyer and listing agent fees and commissions but also do all the work and don’t get full market exposure, as marketing in MLS. MLS requires paying a buyer agent commission regardless of the type of listing service.
FSBO’s do not get full market exposure. FSBO transactions accounted for only 8% of home sales in 2020, according to National Association of Realtors (NAR). Regardless, the volume is far short of those sold through an MLS. Additional help with full representation, including pictures, lock box, signs, flyers, showing service, negotiating, closing, and market analysis, may cost more.
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*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.
The top reason for using a real estate agent is that the majority of buyers in the US are represented by an agent, according to the NAR’s 2021 Profile of Home Buyers and Sellers. 87% of buyers had an agent in their most recent home purchase, and the seller typically pays the buyer’s agent fee, which is set in the listing agreement. This compensation system promotes cooperation between brokers and ensures fairness. 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, buyer agents can know what earnings to expect without becoming a party to a transaction. The amount you pay is negotiated in your listing agreement.
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.
Making repairs leads to a better sales price and a faster sell. It’s not always an easy decision about what to do and how much to spend. Your market analysis and agent should 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.
We make sure to list your home on a wide range of websites, including Realtor.com®, Trulia, Zillow, and various real estate firms. In addition, we also post your listing on social media platforms such as Facebook, Twitter, Pinterest, and more.
Selling a home requires an accurate asking price and understanding of selling options. Homeowners can choose to sell on their own through a For Sale By Owner (FSBO) arrangement, but this can be complex and time-consuming. Many prefer working with an experienced real estate broker or agent, who can provide expertise, guidance, and support throughout the process.
Steps include determining the home’s value, establishing timeline and budget, choosing a listing service, preparing the home for sale, marketing the home, receiving and reviewing offers, negotiating the sale, completing the sale, and moving out. These steps can be complex, which is why many homeowners prefer to work with a brokerage such as DFWCityhomes. Click here to Submit a Request For a Proposal.
REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.