Discover essential questions to ask before signing up for a flat fee MLS listing

Multiple Listing Services, or MLS, is one of the biggest channels used by sellers to sell their properties. Although there are other channels available for people to use, the quality of results MLS has given to people has made it more reliable and trusted by sellers. However, it is common for new sellers to have some doubts about the platform and its reliability. Not having a clear answer to the doubts can push them away from using the channel. So, before you cross out flat fee MLS from your list of real estate property selling channels, allow us to clear out some of the burning questions that you might have.

Burning Questions About Flat Fee MLS Answered

MLS is not as complicated as it may seem. Once you have your questions about flat fee MLS answered, you can find it quite easy to use and perhaps get your property sold successfully using it. We have compiled a list of frequently asked questions about MLS and attempted to provide answers.

Is MLS too expensive?

MLS is not completely free like the FSBO available, but the cost to list your property with MLS will not cause a hole in your pocket. You can pay a small flat fee upfront to get your property listed on the MLS portal. This fee can vary from realtor to realtor, but it typically ranges between $100 and $300.

Do I Have To Pay Anything After The Sale Of The Property?

While people pay commission fees to the realtor after the sale of the property when they have engaged a realtor directly, in the case of MLS, there is no need for it. All you have to do is pay the flat fee MLS and get your property listed on the platform. There is no need to pay an extra commission fee to the realtor upon the closing of the property.

What Other Services Can I Get With Flat Fee MLS?

When you pay a flat fee upfront for an MLS listing, you are just paying for the property to be listed on the MLS portal. If you want help with other services offered by realtors, such as professional photography, professional videography, virtual tours, negotiations, managing and organizing the listing, and more, then you have to pay extra for it. These are additional services that are not included in the flat fee package you pay for an MLS listing.

Is There Any Hidden Fee That I Have To Pay?

There aren’t any hidden fees that you will be compelled to pay with flat fee MLS. Once you have paid the upfront flat fee for your MLS listing, all other services are optional and can be chosen or declined. You have the flexibility with everything. However, once the property has been successfully sold, there will be a title fee, which is not part of the MLS. You have to pay the title fee regardless of the channel you use to sell the property. Title fees are used to formally transfer the title of the property from the seller to the buyer. There isn’t anything hidden about flat fee MLS.

How Long Do I Have To Wait To Get My Property Off The Market?

With a flat fee MLS listing, you can quickly sell off the property, but the time it will take to get it off the market cannot be predetermined. Some people have been able to sell their property within a few weeks, while others have to wait for a long time.

Do I Have To Pay A Flat Fee Again To Get My Property Listed Back On The Portal?

You will need to pay the flat fee again to relist your property if it was previously listed on the MLS portal but was removed for any reason.

These are some of the popular burning questions we have found people asking about the flat fee MLS listing. However, these aren’t the only questions that you might have. To clear those questions, you can reach out to a realtor offering the flat fee MLS listing service. They can assist you in getting answers to those questions, allowing you to make more informed decisions about using the flat fee MLS portal as your preferred channel.