Common Myths About Flat Fee Realty
With flat fee real estate, you pay a flat fee instead of the typical 3% seller’s commission fee in order to have your home listed on the MLS. This home selling model is preferred by many home sellers. However, there are some myths about flat fee realty that need to be dispelled. At Real Estate Corners, Inc., we offer flat fee listings of homes in addition to other services to help you with marketing and selling your home. With the option of real estate for sale by owner Minneapolis, MN home sellers can benefit in various ways despite the myths about the process.
Let’s set the record straight about some of the myths here:
Myth 1: Buyers Agents Ignore Flat Fee Listings
This is simply not true. Even though the listing is a flat fee listing, the agent for the home buyer still receive a commission on the home sale. So the buyer’s agent has every inventive to pursue the property under a flat fee listing for their clients. In addition, buyer’s agent have an obligation to operate in a certain manner that would prohibit them from avoiding these properties.
Myth 2: You Will Receive Little Help Selling Your Home
This is not true with a reputable and experienced flat fee listing service. Although you may opt for a pure For Sale by Owner options that does not include any extra help, many flat fee realty companies offer an array of extra services in the form of a full service flat fee package or through purchasing certain individual services you want. You can choose the level of support you desire for selling your home, while still not having to pay the typical selling agent’s commission.
Myth 3: Flat Fee Real Estate Listing is the Same as FSBO
Both FSBO and flat fee real estate listing are ways to sell a home without the representation of a formal listing agent. However, that’s the only similarity between them. Flat fee sellers have access to multiple services that can make the selling process efficient and effective. FSBO sellers without adding other available services, do much or all of the work on their own, including marketing, price negotiations, and closing.
For information about the flat fee real estate for sale by owner and full service options we offer in the greater Minneapolis, MN area, or to request a free consultation, call us today at 612.483.1230 or use our contact form.
4 Reasons to Choose a Flat Fee Listing
If you are preparing to sell your home, you probably are aware of the costs associated with a home sale. However, you may not be aware of how much a commission-based home sale can take from the sale price of your home. With a flat fee listing, you can keep that money instead. At Real Estate Corners, Inc., we can help you get your home listed on the MLS and provide other services as well with a Flat MLS Listing Fee Minneapolis MN area home sellers can benefit significantly from our services, both financially and home-marketing wise.
1. Reap Significant Savings
You can potentially save thousands of dollars on the sale of your home by going with a flat-fee realty service. You can keep the 3% realtor commission in your pocket instead of it going to the seller’s realtor. On a $300,000 home sale that is $9,000. So you gain the $9,000 minus the flat fee you pay for the listing service. You will still pay the buyer agent’s commission which may be in the range of 3% of the selling price as well. When everything is completed, you can end up saving several thousand dollars you would have otherwise paid from the sale of your home.
2. Help With Budgeting
With a flat fee listing service, the fee for the realtor will not change with the selling price. The same flat fee applies to a wide range of asking and selling prices. This can help you better budget for the future.
3. Get Great Value
Even though you are saving on realtor costs with the flat MLS listing fee option, you are still getting great value. Flat fee listing professionals can still handle much of the home selling process for you, that is, if you choose the full service option. They will provide ongoing support beyond just listing the property, including marketing help and managing the closing process, plus other coordination activities between you and the buyer.
4. Access to Multiple Options
You can choose the level of service you want with a flat fee service. You can choose our For Sale By Owner options or our Full Service Realtor option. If you want to list your home as FSBO, but also want additional marketing exposure than you are capable of producing on your own, we have options for accomplishing that, including 12 month MLS listing, color brochures, email blast to local realtors, professional 6 foot broker yard sign, monitoring the competition, online open house directory, market analysis, and facilitate the transaction services.
To learn about the flat MLS listing fee options we offer at Real Estate Corners, Inc., or to schedule a free consultation, call us today at 612.483.1230 or fill out our contact form and leave us a message.
Is a Flat Fee Listing Right for You? How Does It Work?
With a flat fee MLS listing services, you have an alternative option for selling your home, instead of opting for a traditional real estate agent. Selling your home on your own without such an agent is referred to as “For Sale By Owner” (FSBO). If you want to go the FSBO route, a flat fee listing agent can assist you with the marketing of your home by listing it on your local Multiple Listing Service (MLS). At Real Estate Corners, Inc., we provide flat rate MLS listing for our clients. We can help you market your home so ready buyers can see it while helping you save money on paying commission upon the sale at the same time.
The Importance of the MLS
Real estate agents use the MLS to list properties and share them with other agents, enabling their clients to find homes and sale homes. Local MLS databases run into the hundreds across the country. Most of the real estate sites such as Realtor.com, Zillow, and Trulia get their property listing data from the MLS. This is why it is crucial to have your home listed on the MLS if it is to be seen by many people searching for a home like yours.
A flat fee listing agent can help get your home listed on the MLS even without using a complete real estate professional service.
Flat Fee Listing Services
As the name implies, a flat fee MLS listing service charges an upfront flat fee to list your home on the MLS. At the bare bones level, the service ends there. However, many flat fee MLS listing services provide addition help for their flat fee, including options to purchase additional services that can help you market your home and get it noticed by willing buyers.
Although you may not get all of the services you would get from a full realtor service provider, you can still get a large complement of services to assist you with the marketing and selling of your home. In addition, you are also saving potentially thousands of dollars by not having to pay the selling agent’s standard 3% commission.
Choosing a Flat Fee Listing Service, or Not
Whether the flat fee listing option is right for you will depend on the time, money, and energy you want to spend on selling your home. The financial savings involved is the big appeal of a flat fee listing service. And remember, you can still get a significant amount of help if you choose a full service package and/or other options the flat fee listing service may provide.
With flat fee listing MLS, Minneapolis, MN home sellers can have their homes listed on the MLS and also take advantage of additional service available to assist them in the home selling process.
For more information about our flat fee MLS listing services, or to arrange a free consultation, call us today at 612.483.1230 or reach us through our contact form.