There is no doubt that listing in the MLS (Multiple Listing Service) is the best way to successfully sell your home. In fact, up to 90% of homes sold in the United States are sold as a direct result of being listed in the MLS. One of the things that can help you with the MLS is that you have to have a real estate agent list the home for you because only they have access to the MLS. You can agree to pay the real estate agent a percentage of the sale, or you can go with one of the flat fee real estate brokers available. Flat Fee Real Estate Brokers generally receive a one-time fee for listing your home in the MLS.
If you agree to pay a percentage of the sale, the typical commission the seller pays is 6% of the final sale price. This can reach thousands of dollars. While commission is negotiable, in most cases real estate brokers won’t let their agents take a cut. So one of the main reasons why you want to list your home with an affordable broker is that it will save you a lot of money.
However, you should know that you are not receiving the full services of a typical real estate agent after paying a one-time rental fee. Actually, you become a real estate agent. Of course, different flat fee real estate brokers offer different packages. Some offer signs, lockers, and other marketing tools, while others don’t. That’s why it’s best to research different low-fee real estate brokers to find the one that offers the best package for the best price.