Real Estate - Flat Fee MLS Listing Services

A flat fee MLS listing service is a popular alternative to hiring a traditional real estate agent. Many homeowners want to save money because real estate agent commissions can be high. For this type of seller a flat fee MLS listing service could be the answer that they are looking for. While there are definitely some advantages to using this strategy, there are drawbacks as well. Here are a few things to consider about a flat fee MLS listing service before you sign up for one. 

MLS Power

Selling your house is about getting exposure. In the old days that meant that you had to have a lot of open houses and pass out a lot of flyers. You had to take out ads in the newspaper and hope that a prospective buyer was reading. However, in today's world another tool has taken over the majority of the exposure creation. The MLS, or multiple listing service, is a system that is used by today's real estate professionals. This is basically a huge database of houses that are for sale in your area. Each area has a MLS database and every house that is listed with a real estate agent is placed in it. 

The power of the MLS comes because of its massive exposure potential. When you place a house on the MLS, it is instantly accessible to thousands of potential buyers. When you want to look at houses that are for sale, you can simply visit the website of one of the local real estate companies. They will have a link to allow you to search for homes. 

With this type of internet access to the database, you can narrow down your search to exactly what you are looking for. You can specify that you want to look at only three bedroom houses with two baths, 2000 square feet, acreage, and built within the last 10 years. The database will only return results that fit those criteria. This saves buyers a lot of time and allows them to shop from the comfort of home. This is now the way that the vast majority of home searches start with most buyers. Therefore, if you want to sell a house in a reasonable period of time, it is essential to get your house on this database.

MLS Listing Services

Traditionally the only way to get your house on this searchable database was to list your property with a real estate agent. This meant that you had to decide between saving the commission on your house and selling your house within a reasonable time frame. However, now there are services called MLS listing services. These services charge a flat fee to simply list your home on the MLS. They do not collect a commission when you sell your house but will list the property for you. This can save you a substantial amount of money and allow you to sell the house yourself. 

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