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What Is Flat Fee Mls



H


ave you ever wondered                                             
about how buyers' agents        Now, however, that's changed.     
find homes that match the       Since the introduction of Flat    
needs of the buyers? Have you         Fee MLS, for sale by owner        
ever wondered how buyers find a       sellers are also able to ensure   
home with all of the features -       that their homes are able to be   
number of bedrooms, bathrooms,        found by buyers and buyers'       
finished basement - that they are     agents. Since the introduction of 
looking for when they search          Flat Fee MLS, for sale by owner   
online?                               homes can be listed on the same   
                                      multiple listing service that     
The answer to both questions is       real estate agents use without    
similar: both buyers' agents and      having to pay a seller's agent's  
individuals searching for a new       commission.                       
home online find what they're                                           
looking for using the Multiple        Instead, thanks to companies that 
Listing Service - the MLS.            offer a Flat Fee MLS listing      
                                      service, home sellers can pay one 
In the past, the only way to          low flat fee to have their home   
ensure that, when you sold your       included in the MLS for a         
home, it would be included on the     particular amount of time -       
MLS was to use a seller's agent       typically six months. Instead,    
who would add your listing. For       thanks to companies that offer a  
those who wanted to save the          flat fee MLS listing service,     
commission that would be paid to      home sellers can ensure that      
a seller's agent, the compromise      buyers and buyers' agents are     
meant that they would need to do      able to know the features of a    
a lot more marketing for their        home on the market, as well as    
home so that buyers and buyers'       the asking price for the home.    
agents would find the listing.                                          



In other words, Flat Fee MLS is a     com at a flat fee - just as the   
service provided by a number of       MLS listing did. Because of this, 
real estate companies that allows     home sellers are able to know     
home sellers - in particular          what their expenses will be up    
those home sellers who do not         front. They know that they will   
wish to use sellers' agents - to      pay a flat fee to have an MLS     
pay upfront to have their homes       listing, another flat fee for     
included in the multiple listing      renting a lock box, another for   
service.                              adding a virtual tour. Home       
                                      sellers who use a Flat Fee        
Similarly, because these real         Listing will also know that they  
estate companies recognize that       will not be charged for services  
there are may be other marketing      that they do not need.            
materials that for sale by owner                                        
sellers can take advantage of,        When you sell your home with a    
companies that offer Flat Fee MLS     Flat Fee MLS listing, you can be  
listings also offer other             sure that you are only paying for 
services, also for a single flat      services that you need to sell    
fee. These services may include       your home. When you use a Flat    
lock boxes, websites, marketing       Fee MLS listing, you can be sure  
flyers or brochures and the           that buyers and their agents will 
option to include additional          be able to find your listing.     
photos or even a virtual tour to      And, when you use a Flat Fee MLS  
the property listing.                 listing, you can be sure that you 
                                      are saving money in the process   
Each additional service that          of selling your home.             
these real estate companies will      

                              




About the Author:

Lawrence Bunnell is a Partner and the Principal Broker of IHS Realty, an Internet based, real estate brokerage company offering consumers online, flat-fee, 'a la carte' real estate brokerage products and services. Lawrence has been a full-time licensed REALTOR® since 1984 and is currently a licensed real estate broker in Virginia, North Carolina, Maryland, Georgia, South Carolina and Pennsylvania. In addition to his role as the firm's Prinicipal Real Estate Broker, his duties include serving as the head of web application design and development and Internet marketing initiatives for IHS. http://www.ihsrealty.com/


Read more articles by: Lawrence Bunnell

Article Source: www.iSnare.com


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