Flat Fee MLS Listings for FSBO Sellers

Selling property in today’s market is a challenging task. The market is quite cutthroat as new sellers keep popping up, but the demand for property is relatively low. This has resulted in tight competition for sellers in the market. Sellers are utilizing all available resources to get the property off the market as quickly as possible. One of the best channels that is working for many sellers is none other than the Multiple Listing Service, also popularly known as MLS. Flat-fee MLS has become an increasingly popular channel to use to sell property. But for seasoned sellers who overly relied on For Sale By Owner or FSBO, moving on to flat fee MLS can seem like an outrageous thought. However, it can prove to be a more fruitful decision.

What Is Flat Fee MLS?

The Multiple Listing Service, or MLS, is a database initially maintained by real estate agents. However, now various small companies have also entered the scene. Here, properties can be featured, and potential buyers can find properties they are interested in. To get featured on this coveted database, you have to pay a flat fee upfront to the realtor. This is a nominal fee and may cost you a couple of hundred dollars. Once featured on the flat fee MLS site, you can soon start receiving interest from potential buyers.

What Is Different About Flat Fee MLS?

There are plenty of channels available to sell a property. For Sale By Owner is one of the most popular channels for sellers to sell their property. However, there is one big flaw with this particular channel: since the channel is free, it is riddled with listings. This means your prized property is not getting any attention from potential buyers who might be looking for a property to buy. Perhaps it is barely getting any interest from buyers on the site, and it is in some forgotten corner collecting dust. This is the reality of many properties listed on FSBO sites.

When you switch to the flat fee MLS listing site, you can free yourself from this problem. The flat fee MLS listing portal is coveted. It is not open to all, so only people who pay for a flat fee MLS listings can list their property. This exclusivity of the portal keeps the volume of listings limited. Additionally, each state has its own portal, so you are only competing with local listings. Therefore, your listing can garner more interest from potential buyers. From the flat fee MLS, you can expect more high-quality leads and not mere window shoppers. Additionally, you can enjoy more flexibility and authority over the entire process.

What About ROI?

When it comes to flat fee MLS, the ROI is quite high. You are only making a mere couple of hundred dollars in upfront payment to get your property listed on the coveted website. However, once the property is listed, you can get interest from convertible leads. The success rate of the flat fee MLS is relatively much lower than FSBOs. Once you have successfully sold the property, you don’t have to pay any additional commission fee to the realtor. With the flat fee MLS, you can sell the property quicker without sharing part of the profit with any realtor as commission fees. It offers the best of both worlds, and you can have the highest possible ROI.

Flat fee MLS can extend to you all the benefits that FSBOs offer and cannot offer. This makes flat-fee MLS unique. The unique characteristic of the flat fee MLS can make the life of the seller easier. Switching over from FSBO to flat fee MLS listing, sellers can find it easier to sell the property that has been unseen on FSBO platforms for years.