Multiple Listing Services, or MLS, is quickly becoming one of the biggest and most popular channels for real estate sellers to sell their property. Many seasoned sellers suggest newbie sellers try out the immensely successful and popular MLS channel to get their property off the market. However, the newbies are still convinced by the claim. They are hesitant to try out flat fee MLS without comprehending why the flat fee MLS channel is growing in popularity for seasoned home sellers and whether they should cave into this popularity or not. Allow us to highlight what makes the flat fee MLS listing so popular as a channel to sell real estate properties.

Why Are Home Sellers Increasingly Using Flat Fee MLS?

When it comes to selling a home, there are three types of channels available to sellers: traditional, free, and flat fee MLS. In the traditional channel, home sellers have to share a huge chunk of their property sales with the realtor as commission fees. The free channel can take forever to get the property off the market. The flat fee MLS can effectively balance time efficiency and affordability. These are the primary reasons why flat fee MLS is gaining popularity amongst sellers, but these aren’t the only reasons. We have discussed these reasons in greater detail to better understand why MLS is becoming extremely popular.

Upfront Flat Fee

The model of the flat fee MLS is one of the main and most obvious factors contributing to its popularity. The rivaling models are either free or cost a pretty penny from the seller when they have successfully sold their property. The flat fee MLS model is unlike those of its predecessors. Think of it as an amusement park. First, you need to buy a ticket for the park and then you can enjoy the park and everything it has to offer. To get your property featured on the coveted flat fee MLS platform, you have to pay an upfront flat fee to a realtor or company offering the MLS service. Typically, it is about a couple hundred dollars. Once this fee is paid, you can get the property featured on the MLS platform. The upfront flat fee payment makes this channel unique and much favored.

Transparency:

When it comes to traditional channels, there is a huge sum you have to pay as commission fees. However, with the upfront flat fee, any surprises or hidden expenses are eliminated. From the beginning, you are aware of the precise cost of their services. You can make better and more informed decisions about your real estate transactions and create a budget more efficiently owing to this transparency.

Coveted Platform:

Selecting a platform where your property has a comparatively higher chance of selling quickly is just as important as listing it to get it off the market. If you choose a free platform, like Facebook Marketplace or another one, the right people are unlikely to see your property. The free platforms have a large volume of people on them but not everyone has the intention to buy property. Free platforms also tend to lack the confidence of buyers. People who are serious about purchasing aren’t scrolling through the free portal because they are afraid of getting scammed. Instead, the flat fee MLS platform is much more respected by buyers. The buyers on the platform intend to purchase the properties rather than being passive viewers. Getting your property listed on a platform with a convertible audience increases your exposure and the chance of getting your property off the market. The exclusive audience of the platform earns the flat fee MLS its coveted status.

Autonomy:

If you are a real estate seller looking to get your property off the market, you would want to be involved in the selling process. The flat fee MLS offers you the opportunity to not only get a glimpse behind the scenes but also have control over the process. You can assert your control over each step to ensure you are getting the property sold on your terms. This is a popular reason why seasoned sellers prefer the flat fee MLS platform to sell their property.

Flexibility to Seek Help From Realtors:

As a newbie, you can be quite intimidated by the entire selling process. You might feel unprepared for the task. In such cases, you are not all alone. You can seek help from the realtor from whom you have opted for the flat fee MLS listing service. They can help guide you through those phases, from the professional photo shoot of the property to the negotiation table. You can get the realtor’s assistance in all these stages of the property’s sale by upgrading to those services. This makes it possible for novice real estate sellers to receive some direction along the way and avoid feeling completely lost.

A Quick Recap Of The Top Reasons Why Flat Fee MLS is Growing in Popularity for Home Sellers

• Cost Saving
• Transparency
• Coveted Platform
• Autonomy
• Flexibility to Seek Assistance

Flat Fee MLS has gained popularity amongst real estate sellers for the right reasons. It has answered the problems of the traditional and free channels to sell real estate properties. This has made the work much easier for the seller and buyers. The flat fee MLS listing has allowed the entire process to be streamlined and face fewer roadblocks in the process. As a result, real estate sellers largely prefer this platform.