How
does the flat fee mls listing service work?
As a Alabama for-sale-by-owner you now have the option of
getting your property (home, condo, townhouse, land or rental)
listed in the Alabama Multiple Listing Service (MLS) by a
licensed real estate broker for a small flat fee.
Please note that the only way to get your Alabama property
listed in the MLS is by a licensed real estate broker. You
cannot list a property in the MLS yourself.
As a for-sale-by-owner you have the right to sell your own
home, even while listed in the MLS. Alabama home sellers pay
no commission if sold "by owner" without the aide
of a realtor.
If your Alabama home sells thru a real estate agent, you
only pay that agent a commission upon successfully closing
of your property. Remember you only pay a commission to the
agent that brings your buyer. The agent that lists the property
in MLS does it for the small flat fee of $297.00. There are
no additional charges or hidden fee associated with the service.
You are getting the same benefit as listing with a full service
realtor at a traditional 6% commission. However, you are only
paying half that commission, plus a flat fee upfront to get
listed in the MLS.
When a realtor calls you for a showing and brings a potential
buyer, you will know that buyer has already been pre-qualified
for a mortgage loan. Realtors do not show homes to buyers
until they show proof they have been pre-qualified for a mortgage
loan.
Plus the potential fear factor of letting strangers into
your home to show your own property as a "for-sale-by-owner"
is diminished. You have peace of mind when a realtor calls
you for a showing and has identification to prove he's a realtor,
and you also know the realtor found your property in the MLS.
The flat fee mls listing service is the only way to sell
your property.
The Multiple Listing Service (MLS) is the key to Home-Sales
Success. The MLS lists the vast majority of real estate
listings which are listed "for sale" by real estate
brokers and their agents. All types of real estate property
is listed in the real estate multiple listing service; houses,
townhomes, condominiums, commercial property, lots, acreage
and even rental properties. There are hundreds of local Multiple
Listing Services located thruout the nation. Real Estate Associations
in all 50 US states run their own MLS Systems. Statistics
show that homes listed on the MLS sell faster.
Plus your Alabama home will also appear on Realtor.com and
many other local and internet websites as listed below:
You only pay a commission to any agent that brings you a
buyer for your home at closing. Your savings add up to $1,000s.
- For example a home that sold for $500,000 - listed with
a traditional 6% commission agent costs your $30,000 at
closing
- With the flat fee mls listing service method, a home that
sold for $500,000 - listed with a flat fee broker will cost
you 1/2 of that or $15,000 at closing, plus the upfront
flat fee of $297.00.
"The MLS" is the secret to success of real estate
sales, directly responsible for about 4 of 5 sales nationwide.
About 85% of home buyers use a REALTOR® to help them locate
a property. When a possible buyer contacts a Real Estate Agent
regarding a home purchase, the Agent will search the MLS for
homes matching the buyers' desires, wants and needs. Statistics
show that homes listed on the MLS sell faster.
The Realtor® MLS system will help you to sell your home
faster and for top dollar!
By listing your home in the MLS the vast majority of REALTORS®
will become aware that your property is available as well
as its price and features. The MLS is the key to a successful
sale and enables you to have maximum exposure. It is simply
the greatest marketing tool ever invented for selling your
home.
Important information about your property is listed on the
MLS. This information includes general data such as square
footage and number of rooms, to such details as whether you
have central air conditioning or hard wood flooring. There
is also a photo taken and a description of what makes your
house "special."
Real Estate Agents search the database for homes that fit
the price range and needs of their clients. They pay special
attention to homes that have been recently placed on the market,
which is one reason you get a lot of attention when your house
is first listed.
The main point about having your house listed in the MLS
is that you expand your sales force by the number of area
MLS members. Instead of having just one agent working for
you, now you may have hundreds or even thousands, depending
on the your area.
The Power of the Multiple
Listing Service (MLS)
The "MLS" really is how real estate is bought and
sold. Since the "MLS" does have a large impact on
the sale of your home, I will explain how it works.
The local Realtors® Association is a part of the National
Association of Realtors® and is an organized entity designed
to help real estate agents from many different companies cooperate
with each other, establish guidelines for service and ethical
issues, and strive to make the real estate community more
professional. It also oversees the "MLS" computer
system - the source agents turn to first to find properties
for their buyers.
It is through the "MLS" that most of the residential
real estate deals are brought together. As realty professionals,
Realtors have all agreed to exchange information about properties
for sale in order to help sell homes for the best price possible
in the least amount of time. Realtors pay an annual fee to
the Realtors® Association for the right to publish information
about your home in the computer system.
The most important work Realtors do to market your home to
other Realtors® on the "MLS" is to offer detailed
listing information and a photo of your home.
The MLS will give you maximum exposure and this is the key
to a successful transaction. There is no other effective way
to sell your property and be successful.
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