Learn how flat fee MLS listings in Florida can help you save on closing costs. 

When selling a property for the first time in Florida, sellers can find themselves at a crossroads. Selling property isn’t as easy as it seems to be. It isn’t as easy as a garage sale. The seller must take into account several factors to successfully sell their property for a fair price. Even after selling the property at a good price, there are plenty of other post-closing considerations, one of which is the title fees.

Before getting too far ahead of ourselves, let us start at the beginning, choosing the best channel to sell the property. There are several options, ranging from the direct assistance of a realtor in selling a property to the free channels. However, relying on either extreme of the two cannot promise profitable results. For instance, realtors can charge a high commission fee on the sale of the property, and free channels don’t promise quick or highly profitable results. Instead, you can choose a middle ground to give you the best of both worlds. It is none other than the flat fee MLS listing. With a flat fee MLS listing in Florida, you pay the realtor a couple hundred dollars upfront to have your property listed on the coveted MLS portal. Interested buyers can stumble upon your listing and make their offer. Flat fee MLS can bring you more convertible leads, and once the property is sold, you aren’t liable to pay any extra commission fee to the realtor. However, there are some closing costs that you have to pay no matter which channel you go for.

Closing Costs in Florida Explained

When you have successfully sold a property, there are several closing costs that you have to pay. Even if you have employed flat fee MLS listings in Florida. It can range from 2% to 7% of the total cost of selling the property. In Florida, both parties (seller and buyer) typically share the closing costs. However, most of the responsibility lies on the shoulders of the seller rather than the buyer. The main categories of closing costs include:

• Title Fees
• Recording Fees
• Realtor commissions (if you have hired a realtor to sell the property)
• Taxes and Transfer Fees

How Can Flat Fee MLS Listings in Florida Minimize Exorbitant Closing Costs?

By opting for a flat fee MLS listing in Florida to sell the property, you are straight-up saved from shelling out a hefty realtor commission. This is already a huge payment, which you are spared from paying. Now, coming to the other closing expenses, one of the major expenses is none other than title fees. The title fee is paid to carry out the essential legal work to transfer the ownership (or title) of the property from the seller to the buyer. To carry out this kind of task, people seek the help of title companies. This can be an expensive cost that can cost a minimum of 2% of the total selling price of the property. However, with flat-fee MLS listings in Florida, you can find some ways to save a cheeky few hundred dollars when it comes to selling property.

Find Flat Fee MLS Listing Services In Florida Offering Discounts On Title Fees:

With flat-fee MLS listing services in Florida, you can find service companies offering some discounts on the title fees. You can get some dollars shaved off from the title fee expense. This can help you bring down the additional cost of title fees.

Flexibility:

Many real estate sellers are clueless about their options when it comes to closing costs and title insurance. With a fixed-fee MLS listing in Florida, you have more control over the selling process, including selecting the lawyer and title company. You have the option to choose the provider offering the best prices. Thus, you can save hundreds or even thousands of dollars on title charges.

Negotiate With Buyers:

You will have more negotiation power on other aspects of the transaction if you can lower commissions. For instance, you can agree to divide the cost of the title insurance or work out a bigger closing cost share with the buyer. Therefore, it enables you to retain more money in your pocket by giving you more control over your overall spending.

These are some ways you can leverage the power of flat-fee MLS listings in Florida to save up on closing costs. Through Florida flat fee MLS, you can substantially reduce the overall incurred cost of selling a property. This is something that new sellers are not well aware of. As a result, they end up spending way more and ultimately getting less share of the profit of selling properties. Knowing about closing costs and how flat-fee MLS can aid you in reducing the closing cost, you can save thousands of dollars.