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I would like to list my condo on MLS for a flat fee but I do not want to pay a...
MLS - Major League Soccer
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| I would like to list my condo on MLS for a flat fee but I do not want to pay a... ...broker's commission.? Can anyone recommend a flat fee MLS listing service that does not charge a commission? I realize that I will have to pay a commission to a buyer's agent, but I don't want to pay a commission to a MLS listing service. Thanks. |
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| Sure! One can always list their house for sale without an agent. One can pay up flat fee for the listing on for eg. realtor.com. You property will be available on the MLS listing, however, your best bet to sell becomes open house. The real estate agents of buyers are very greedy to even bring their buyrs to see your house even though the house is listed on MLS. |
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| If you do this, I suggest that you offer higher than the average rate to a buyers agent. As stated above, the buyers agent will probably be stuck doing both the work of the buyers agent AND the listing agent (unless you actually know how to do the listing agent's work). |
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| If it goes on the MLS, by that move alone, you are stating that you will pay at minimum, the agent of the individual that purchases your home. The MLS is owned by the Realtor Association of the region that you plan to list your home via the MLS, and the owner of the flat-fee service must be a licensed Realtor in order to get your listing onto the MLS. What the flat-fee Realtor is doing, is waving the LISTING portion of the commision and accepting the flat-fee instead. That doesn't mean that you are automatically out of paying for any commission. Now, if a buyer comes to you directly without an agent, then you play the flat fee and nothing more. This is very possible because there are many individuals shopping for homes without a Realtor via the internet, which is where the listing also will appear. If a buyer is working with a Realtor, they will typically have a buyer-agency agreement in place, and very few buyers will pay that agent's commission out of pocket, just to buy someone's home. There is simply too many on the market. If you don't want to pay ANY commission, I would suggest listing it through a local newspaper, because if you list in the MLS, chances are you buyer will come to you with a Realtor in tow. PS: Most flat-fee Realtors have in their contract, that you will agree to pay a buyer-agent commission if your listing hits the MLS, or they won't take the listing at all. |
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