Currently, if there is an age group that is active in the real estate market, it is none other than the millennials. Millennials are not only the biggest group buying more property but also selling properties. As a result, on real estate websites, this generation makes the biggest pool of buyers and sellers.

Are you confused about who these “millennials” are? Let’s figure that out first. Anyone who is born from the early 1980s to the mid-1990s can be dubbed a millennial. If you look at their age, almost everyone is above 30. This means they are well-settled to make big financial decisions like buying and selling real estate property. If you go and ask this pool of real estate sellers and buyers now which real estate platform they prefer for real estate transactions, most people will say flat fee MLS. But why? Let’s try to unpack what makes the flat fee MLS so attractive to the new-age millennial real estate buyers and sellers for real estate transactions.

Why Do Millennials Prefer Flat Fee MLS To Sell Properties?

Millennials overwhelmingly favor flat fee MLS services to sell their properties. This is not merely because of some hype wagon but some solid reasons back the popularity of the flat fee MLS listing. Let’s unpack these reasons.

Cost Saving:

One of the biggest reasons why you can find the millennials leaning towards flat fee MLS is because of its cost-saving nature. When you opt for the flat fee MLS, you don’t have to pay the hefty commission fee that earlier realtors would take away as commission fees. Now you don’t have to pay this money. With the flat fee MLS, all you have to pay is the upfront flat fee. Most millennials find the flat fee MLS attractive because of the upfront flat fee. They can shell out the small sum upfront and get their property listed on this exclusive platform instead of giving out 5-6% of the total sale price of the property as commission fees.

Autonomy:

One of the biggest reasons why millennials choose the flat fee MLS listing to sell their real estate property is because of the autonomy and control they can experience. When they pay for the flat fee MLS listing, they are just paying to get the property listed on the platform. Once the property is listed, they can have full control of the listing. The selling process can continue in whatever way they choose. This helps them feel more in control of the entire selling process. For this autonomy, most millennials like to go with the flat fee MLS listing to sell their property.

Flexibility:

Another element that attracts people to flat fee MLS is its flexibility. The flexible nature allows you to have control over your listing. When millennials opt for the flat fee MLS listing, they know they can get help from the flat fee MLS service provider to enrich their listing or proceed with the selling process. This additional help can cost a little extra money, but this is nowhere near the amount one might have to pay as commission fees to the realtor if they had opted for the traditional model.

Exclusive Audiences:

The flat fee MLS platform has an exclusive audience, unlike any other real estate platform. Millennials prefer the flat fee MLS because they can have access to feature their property in front of exclusive audiences who are not just mere audiences but convertible leads. They are not just going to scroll through the platform and show no signs of interest. Flat fee MLS has one of the best success rates, where people are not passive observers but active buyers. This is one of the biggest reasons millennials prefer to feature their property on this platform.

Millennials are well-informed and aware of today’s world. They understand which platform can give them the best ROI. Based on the information, they make logical decisions. In the world of real estate, the millennials know the flat fee MLS can give them the best value for their money, time, and effort. As a result, people favor the platform over others for buying and selling properties.