5 Things You Need To Know About Flat Fee Mls Selling your home without a realtor means reducing your expenses to pay in commissions. Although this also means you’re missing out on taking advantage of a multiple listing service, there are Flat Fee MLS services that still offer this yet with a discounted price. An MLS or Multiple Listing Service (or Multiple Listing System) is a database of available homes for sale, usually a marketplace for buyers and sellers. It’s also where most licensed real estate agents access the list for their client’s home or browse properties for potential buyers. With Flat Fee MLS, on the other hand, you can use the MLS listing service with a fixed or pre-set price, while also getting listed on some real estate sites such as Zillow, Trulia, or Redfin. Here are five things you should definitely know when you choose the Flat Fee MLS listing service.
You Save Half Of The Commission. Since you don’t have to pay the full 6% commission, you can allot more of your money for preparing your home. This is why most of the sellers prefer using a Flat Fee MLS because they can pay less and keep a big percent of the money while still having control over their listing. Houzeo, for instance, offers a custom-plan flat fee service, and if the buyer has no agent, you don’t have to pay the commission at all.