One of the greatest advantages of having a Realtor advertise your property is that it will be included in the Multiple Listing Service. However, if you’re an investor selling the property with owner financing, you may not wish to pay the 3% commission for this service.
So, why not hire a smart Realtor to advertise your property on the Multiple Listing Service (MLS) for a flat fee rather than a commission?
A flat fee listing service lets you pay a one-time cost usually around $299 to list your property on the MLS. The best aspect is that you do not have to engage a real estate agent or pay them a full commission.
For instance, suppose an investor is selling a home with owner financing and wishes to list it on the Multiple Listing Service. If the investor was paying the typical 6% Realtor commission and the home sold for $200,000, the owner would pay $12,000 to both Realtors (3% each).
For a flat fee listing, the investor would only be required to pay a one-time cost of around $299 and the 3% commission ($6,000) for the buyer’s agent, for a total out-of-pocket expenditure of $6,299, or a savings of $5,701. Some professional, skilled, and market-savvy real estate brokers providing Flat Fee MLS Listing services will need you to pay them a commission on the back end, typically less than one percent. It represents significant savings.
Consider conducting one such transaction per month. This will save you over $65,000 annually in real estate fees. Choosing a licensed Realtor multiple listing services like Netrealtynow.com LLC for a flat fee listing will allow you to enjoy the benefits of listing your home on the MLS without spending the full 3% commission!
