f you are selling any form When you sign a contract to pay a
of real estate and have commission to a Realtor for
considered hiring a Realtor selling your property, they will
to assist you, don't. At least immediately list your property in
not until you have read this their MLS. Listing your property
short article. After reading in the MLS is by far the single
this artcile you will know how to most important marketing that a
hire a Realtor without paying a Realtor will do with your
commission. In fact, you will property. A Realtor may also
only be paying your Realtor perform other marketing
several hundred dollars to list techniques, such as puttting up a
your property! "For Sale" sign, an ad in the
local paper or on the Internet,
A Realtor's most successful print flyers to attach to your
marketing tool is called the "For Sale" sign, etc. However,
Multiple Listing Service. It is those marketing techniques can be
often referred to it's done by anyone. Anyone can place
abbreviated form, the "MLS". The an ad in the local newspaper or
MLS is a large database of on the Internet, print a flyer,
properties for sale. MLS systems or place a "For Sale" sign. The
are governed by private entities, one marketing technique that
therefore there are thousands of requires a licensed Realtor is
these databases throughout the placing a listing in your local
country. They are usually broken MLS. It is also the most
down by county or metropolitan. successful marketing technique
A large percent of all homes sold that can be done when listing
are sold using the MLS. Only your property.
licensed Realtors can put a
listing in the MLS. The secret is to get a local
Realtor to place your property in
the local MLS without paying them will forward all inquiries about
a commission. There are several your property to you and keep
companies that have this service your listing current in your
readily available. These local MLS and on Realtor.com. By
companies have compiled the doing some of the leg work, you
services of Realtors throughout by-pass the listing broker's
teh United States in most commission completly! You will
counties and states to place a save thousands when your property
"For Sale by Owner" property into is sold.
their local MLS for an upfront
fee rather than a commission! Please note that although the
listing Realtor's portion of the
The company I work for calls our commission is not paid, any
service "Flat Fee MLS". You may Realtor who has a potential buyer
also hear it referred to as "MLS will only show their buyer your
by Owner". No matter what you property if you promise them a
call the service, it all works commission of some sort.
the same. A Realtor will list Usually, that is about 2.5% - 3%,
your property in the local MLS but may be lower depending on the
just as in the traditional cost of your property and the
process. However, because you market that you live in. With
will paying only a small flat fee the flat fee MLS service, you
rather than a commission, you do reserve the right to not show
some of the work that Realtors your property to buyers who are
traditionally do; such as show using a Realtor. Most people
your own property, take your own welcome any buyer, but the choice
photos, buy your own for sale is yours.
sign, place ads on the Internet,
and negotiate your own selling With the flat fee MLS service,
price and contracts. Your Realtor you will either be paying only a
few hundred dollars and no you agree to sell to that buyer).
commission (if your buyer is not Regardless, your savings will be
using a Realtor) or a smaller well worth the few hundred
commission equal to about half of dollars you pay for the service.
the traditional commission (if
your buyer is using a Realtor and
About the Author:
Kyle Soper is a contributor for the "For Sale by Owner" website, Virtual For Sale by Owner (www.VirtualFSBO.com).
Read more articles by:
Kyle Soper
Article Source: www.iSnare.com 
