MLS (Multiple
Listings Service) + Realtor.com
BENEFIT SUMMARY
Doubles
your chance of getting your home sold
- About half of our homes sell directly to buyers and about half have a realtor
representing the buyer.
Gets
your home in front of all buyers -
There are buyers who are comfortable working directly with FSBO's and other
buyers who prefer to work thru a realtor.
Having your home on ForSale-ByOwner.com as well as MLS keeps your home in
front of both groups of buyers.
Best
of both worlds -
You avoid paying a real estate commission when dealing directly with a buyer.
You also avoid paying a real estate commission if a buyer contacts you
thru Realtor.com. You only pay
a real estate commission (usually 3%) if a realtor brings a buyer and you
accept their offer.
DETAILS
The
Multiple Listing Service (MLS) is the primary data system that most realtors use
to market and sell property. Traditionally, the only way to get your home
listed on the MLS was to list your home with a realtor (agreeing to pay them
6%!).
We
list your home on MLS and provide a Showcase listing on Realtor.com for only
$299 (working with an affiliated realtor). The $299 is in addition to our
$399 base fee.
Instead
of the 6% you would normally pay a realtor, you agree contractually to pay a
smaller commission (usually 2.5% - 3%) to the real estate Buyers' Agent who
brings your buyer to you. This percentage is on your MLS listing for
agents to see. Also on your MLS listing (under agent notes) is an
annotation with your name and instructions that you be contacted directly to
schedule an appointment.
You
can continue marketing your home directly to buyers (avoiding the 2.5% - 3%
Buyer's Agent fee).
A
subset of our copyrighted photography of your home (30+ photos) will be
included in your local MLS listing. (Note: We permit our affiliated
realtor the right to use our copyrighted photography on MLS – no unaffiliated
realtors are given this permission.)
Your
home will also have a “Showcase” listing on Realtor.com (with 20+ photos).
Our
affiliated realtor will route any buyer’s inquiries they receive directly to
you, including those they receive from your Realtor.com listing (as your
exclusive agent, they will be representing you only and not a potential buyer).
We
also include an "Agents Welcome" rider for your yard sign and will include the
phrase “Agents Welcome” below your price on your listing.
Your
MLS listing will run up to one year. It can be terminated by you at any
time during that year.
To
make your home more accessible to realtors we recommend that you consider
obtaining a lock box ($30 through ForSale-ByOwner.com).
You
can add your MLS listing anytime ... when you initially sign up for our basic
service or at a later date.