The real estate industry uses unique jargon that can quickly confuse homeowners who want to sell their homes. Perhaps you have encountered terms like ‘flat listing’ and ‘mere listing’ and wondered what they mean. At Real Estate Corners, we aim to take the guesswork out of selling your home by FSBO with our MLS listing flat fee service. In this blog, we will explain what mere listings are about, their purpose in the Multiple Listing Service, and why it’s worth considering when selling your house.
Understanding a mere listing
Fundamentally, a mere listing is a property listed on the MLS where a real estate broker has agreed to list that property without offering other services to a seller. In other words, it’s a flat-fee listing.
At Real Estate Corners, we have a broker reciprocity system that makes it possible for your MLS listing to show on other real estate websites that display FSBO MLS listings, such as Realtor.com, Trulia.com, EdinaRealty.com, and Zillow.com. We don’t do the standard commission-based approach if you use our service. Instead, we charge you a flat fee for as low as $399.
Our main responsibility is to list your home on the MLS so you can benefit from the maximum exposure offered by that database. However, our MLS listing flat fee service is part of our FSBO package that can do more for you. Here’s what you can expect from our For Sale By Owner package:
- Your home will be marketed on the MLS for 6 months
- No hidden fees
- Cancel anytime at no extra cost
- Up to 24 photos
- Free unlimited changes and edits on the MLS
- Your listing is cross-posted on hundreds of other top real estate websites
- We forward buyer email and phone leads to you
- Required state disclosures included
- Your listing and ad are featured on our website
- Home-showing electronic services
- Broker listing support
- If an agent procures a buyer, a 2.5-3% selling agent commission applies
Benefits of a mere listing
A mere MLS listing or flat fee service can benefit you in the following ways:
- Savings
One of the main perks of flat-fee MLS listing services is the significant cost savings. Rather than taking 5-6% from your sale to pay the listing agent’s commission fees, you pay a fixed fee to get listed on the MLS, and your property gets the exposure it needs to sell quickly. Even with our additional FSBO services, such as color brochures, 12-month MLS listing, email blasts to thousands of local Realtors, and a 6-foot broker yard sign, the cost is still significantly lower than a traditional commission-based real estate transaction.
- Flexibility
Since your home is listed by FSBO, most of the work is up to you. This gives you more flexibility when negotiating with buyers. Plus, you can negotiate directly with them and achieve the best terms that satisfy the needs of both parties. - Control
A MLS listing flat fee service gives sellers more control over the home selling process. You can decide when to schedule showings, negotiate with the buyer, organize open houses, and close the sale on your terms.
How can we help?
At Real Estate Corners, we understand the importance of having more control over a home sale. We know you don’t want to pay at least $20,000 to a listing broker to satisfy their commission rates. Likewise, we recognize how crucial maximum exposure is when marketing your property.
Our FSBO package includes a mere MLS listing for a flat fee. Our service simplifies listing your property for a fixed price starting at $399 and guarantees exposure through the MLS to be found by many potential buyers and their agents.
In addition to our basic FSBO services, we can include the following solutions to your package:
- Market analysis
For $50, our licensed Realtor can provide a comparative market analysis with a suggested listing price. This should eliminate the guesswork from pricing your home, ensuring your property sells for a fair price.
- Help with transactions
Many FSBO sellers need help throughout the sale process. Meanwhile, some buyers are more comfortable when their agent negotiates a deal with a licensed agent. For just 0.5% of your home’s sale price (maximum $2,000), we can facilitate the transaction when you get an offer until we close the sale. Our professional agents will ensure a smooth transaction, and we won’t charge anything if your property doesn’t sell.
- Monitor the competition
For $25, we can monitor the competition for you as part of our MLS listing flat fee The MLS will email you directly for any sold or new properties or any changes in prices in your market area.
- Online open house directory
For an additional $25, we’ll ensure more buyers are aware of your open house while they tour your neighborhood.
- Professional 6-foot broker yard sign
Do you want to boost your property’s visibility in Minneapolis or St. Paul? We can provide a 6-foot broker yard with a brochure box. It will have our company name and phone number. This extra service costs $120.
- Color brochures
Our MLS listing flat fee service can include 30 color brochures for just $50. You can use them during your open house or place them in the brochure box on your professional yard sign.
- Email blast to local Realtors
For an additional $50, we will email your digital brochure to local Realtors in your market location.
- 12-month MLS listing
Do you want your property to stay on the MLS longer? We can do that for you for an additional $200.
Get started
Learn more about our MLS listing flat fee service by consulting our experts. Call (612) 483-1230 and let our licensed agents at Real Estate Corners help you sell your FSBO home.
