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/
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