MLS Listing Flat Fee FAQ'S

How long can I list for?

The listing can be for up to 6 months..  You can cancel the listing at any time without any penalty.  You can extend the listing
for an additional 6 months.  Call for details.

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What if I find the buyer myself ?

If the buyer is not represented by an agent, no commission is due or payable. 

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What is MLS ?

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How long does it take to be listed in MLS ?

When your listing contract is received the information is entered in the MLS system the same day as the forms have been faxed to us. When all information has been entered you will have an MLS number and all Realtors will find your home when doing a search.  Your payment is made either online or a check may be mailed and received before entry into MLS.

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How do I know when I am listed on MLS with all the correct information for my home ?

You will receive a copy of the MLS listing and verify all information is correct.  This copy will be e-mailed to you.
The listing is usually entered the same day your signed Listing agreement & payment has been received.   Your
listing with the MLS number will be e-mailed when the MLS has been entered.

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Can I change the price I listed my home for ?

You can submit a form signed by all owners of the home to change the price.  The form can be e-mailed to you.  Just sign and return the form by fax or mail with signatures of all owners.

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 Do you hold an Open House ?

You can order a Virtual Tour which can show several views of your home.  Buyers can tour your home online before making an appointment.  Open houses and giant ads DO NOT significantly assist a home in selling. I think that they are used by agents mostly to justify high commissions.

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 Realtor response to Flat Fee Listing

You may receive comments from other Realtors before you list your home in MLS.  Remember they are trying to have you list with them.  Consider the Realtor as a Salesman and working on a commission.

As a FSBO, a Realtor will call you and ask you to co-broke if he has a Buyer.  The norm for a co-broke fee is 3%.  Keeping this in mind - If a Realtor trying to list your home for a commission tells you your home will not be shown if you list your home in MLS by paying a Flat Fee.  WRONG - if that same agent has a buyer and your home is in the price range and area the the buyer desires, he will be calling for a listing appointment.

More homes on the market in MLS - as more FSBO's turn to MLS to market their homes by paying a more reasonable fee to sell, the Buyer agents have a better choice of homes to show.  Now if you use part of your reduced expense for selling your home and lower your price, you should have more showings and a better chance to sell sooner.

Cross Sales example  - Your home is listed by ABC Realty and agent Joe.  Joe has other listings in your sub-division.  Joe may use the number of listings he has to try to convince you he has a way of selling the homes in your sub-division.  If you look at the Sold listings by Joe, you will probably find that Joe listings were sold by different Agents working for different Companies.  This is what is referred to as a cross sale.  Joe is not bringing the buyer but simply listing the home in MLS for the Thousands of agents to have access to the MLS listing.

Familiar with specific area - Our MLS covers 8 different counties - Mecklenburg, Iredell, Lincoln, Gaston, Cabarrus, Union, Stanley & Montgomery.  We also have 3,000 local Realtors who have a license in South Carolina to  cover York, Chester & Lancaster counties.  Realtors work with the buyer who directs them to the location they desire.

I have had a Realtor in Atlanta recommend the service to her sister who then listed her home.

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Can I Still use my FSBO sign

To a Realtor the term "fsbo" or "for sale by owner" means that nobody gets a commission, not the buyer's broker and not the listing broker. So if a Realtor sees that sign you can be sure he or she won't come back. So purely as a practical matter the continued use of your FSBO sign can only adversely affect your chances of sale. Also up until now the FSBO sign has really not done you a lot of good, even if the traffic patterns in your neighborhood means many cars pass by your home.  That is a second reason why an FSBO sign makes little further sense. So historically using an FSBO sign once listed was almost never done.
Bottom line, use my Realtor sign, I don't want the Realtor to call me to confirm that the listing is still active and they will receive a commission. 

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Will my listing appear on the Web Sites of other companies

About 275 local web sites will download your listing.  Other Agents and Companies download listings from MLS to try to have
Buyers call them and start the process of finding the right home for that Buyer.  

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Lead Paint

 If your home was built before 1978, you are required by law to provide your buyer with a lead-based paint disclosure, along with the EPA pamphlet entitled, "Protect Your Family From Lead In Your Home". This is provided on our site for your information (for sellers with homes built before 1978).

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Radon Gas

 Radon is a naturally occurring, radioactive gas. It is impossible to detect radon without testing for it. For questions concerning radon, call the EPA's National Radon Hotline toll-free at 1-800-767-7236

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Flat Fee versus Commission

We have listened to feedback from many of our customers that are unhappy with the traditional commission based real estate sales concept. Customers in the upper price ranges wonder why they have to pay so much more than the guy that owns the smaller house, when basically the services that are being provided are the same? It just does not seem fair. That's why we have developed our Flat Fee Program; to provide quality real estate services at a fair price!  
Here's an example of this inequity that has existed for years. Let's say you have a $80,000 home that has been placed on the market for sale with an agreement to pay a 7% real estate commission. When that property sells, you owe the real estate company $5,600. However, if you have a $200,000 property, that same 7% becomes a $14,000 commission. The question our customers have repeatedly asked is: what service do we get for the $14,000 that is not being performed for the $5,600 commission? Chances are, not much

Utility Phone Numbers

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Flat Fee Companies in other Statesu

   There are many more companies in several states offering Flat Fee MLS Listings.

Reciprocal Links

 Off Campus Network-Apartments & Rentals  -  Search for apartments and rentals near college towns.
 

Home Owner Net The Home & Garden Resource Site.

Home Construction Advisors Group -Affordable Construction Consultants for the average new home building consumer. We help the consumer with their construction project through our Administration Kit, Email Consultations, Phone Consultations, Video Reviews, and more.

Pay No Listing Commission. Get your home on MLS & Realtor.com (for 6 months), Your Ad copy, 6 pictures and Telephone number included. Keep your "By Owner" status. Sell and $AVE THOU$ANDS!!