In the current digital era, selling real estate assets requires good marketing.
You will see how powerful and successful it can be to have your property listed in the Multiple Listing Service (MLS) when you take into account that around 90% of house buyers often use the internet or go via a realtor at some point during their home search.
You have several choices to think about if you want to sell your house quickly. You can start with two options: get a standard listing or pay a minimal flat charge for a flat fee MLS service. The former requires paying a lower set fee either beforehand or upon closing, whereas the latter is commission-based.

The flat-fee Model

The conventional commission-based structure is subordinated to the flat fee MLS service. Agents can keep a larger percentage of their transaction commissions by charging a set fee or a flat monthly cost instead. This simple method allows agents to retain more of their hard-earned money, which might lead to a possible increase in take-home pay.

In short:

● A single, fixed amount as a fee for services
● The services can be provided in bundles or individually.
● Multiple Listing Service (MLS) Usually needs the seller to answer calls and do in-person house tours
● The seller could have to advertise their house and handle the contract negotiations on their own, depending on the services provided.

The Traditional Model

The conventional model contrary to flat fee MLS service uses the typical commission-based structure for agent compensation. Each completed transaction earns them a proportion of the commission; however, the brokerage keeps some of the money. For many years, this business model has served as the cornerstone of the real estate sector, with well-known brand names belonging to established companies.

In short:

●Charges a percentage of the final sale amount that needs to be paid at closing
●Provides a collection of services
●All local real estate agents utilize the major Multiple Listing Service (MLS) to access the listing.
●Usually, real estate brokers will make up the difference by selling your home FASTER and for MORE money.
●Full-service marketing is offered by brokers, including supplies
●Real estate brokers assist with contract negotiations and other documentation.
●After taking calls, real estate brokers display the home.
●Real estate brokers ease and hasten the closing process.
More receptive than brokers with fixed fees (both to their clients and customers)

Difference in Cost

For a $500,000 house, traditional listings will cost you a whooping 6% more, or $30,000.

That’s a significant amount of money in comparison to what an MLS service would cost you on a flat price basis.

It makes sense why this is the case: conventional listing agents must charge substantial fees to support themselves.

On the other side, you may avoid paying those costly listing commissions that reduce your earnings by using a flat fee MLS service.

Buying an MLS property for a flat cost differs from most other options only in the amount of money you save.

In comparison to standard listings, flat fee MLS listings are a better and more cost-effective solution if you’re worried about receiving actual value from your house sales.

If you want to choose a flat fee MLS service Listed Simply is there to help you out. Reach out to us and let us assist you to have the best deal.