Flat Fee MLS: The Easier, More Profitable Way To Find The Right Home Buyer
Residential properties are one of the most significant purchases in a lifetime, and both buyers and sellers today want to make sure that their investment will gain the best returns given the challenged economic landscape. The emotional value of a home may be intangible, but it’s also a pivotal factor in closing a sale. Families and individuals spend a great deal of time, decision-making and creativity for every detail that will make their homes more beautiful, inviting and valuable. Thus, home sellers would want to find the best offer and the most suitable buyers who will be given the keys to their pre-loved property.
One of the best ways to ensure that information about a property for sale enjoys the best exposure and reaches the most qualified potential buyers is through entering it through a multiple listing service. Online MLS sites offer an organized, categorized listing of properties for sale within a specific locality. Through online MLS sites, buyers can see available properties in their area at a glance, and acquire essential information about the ones they’re interested in within minutes.
There are various commission and payment systems for different MLS sites. One of the most popular approach among home sellers is the flat fee MLS. With the right MLS partner, a home seller can enjoy the following advantages:
- Substantial savings. In commission-based listing services, the listing agent’s fee is determined by the selling price, so the exact amount will only be known until the final phase of the sale. Mostly, the commission will be 6 percent of the selling price. On the other hand, the fee for the listing is already fixed when it comes to flat fee MLS, allowing the seller to save thousands of dollars in the property sale.
- Maximum exposure. Not all flat fee MLS sites are equal. Property owners who want to advertise must see to it that the listing site populated local channels and national, industry authority websites such as Realtor.com®. Maximizing exposure through a well-distributed listing system will ensure that the property advertisement reaches qualified agents and potential buyers.
- FSBO rights. FSBO refers to For Sale by Owner, which means that a property owner can sell their home on their own directly to the buyer. Home sellers won’t need to pay any commission when a buyer directly contacts them without the mediation of an agent.
Listing a property through an MLS site is a great way to increase the chances of selling a home to the best buyer, at the best price. It’s easier, more economical and more efficient — and potentially more profitable. The key is to choose a listing site with high visibility, industry connections and helpful online investment tools.