We recently had a flat fee mls seller send us pictures for their property. The pictures were ok, good but not great, but there was a problem. They showed the home and lot covered with snow. Now normally that is fine but it was August, and this wasn't in one of the few places in the world that have snow in August (no we don't list in the Southern Hemisphere, yet).
Consumer Reports has weighed in on real estate commissions, and the results point directly to using a flat fee listing broker, which is no surprise to me. The articles appear in their September 2008 issue. Consumer Reports is perhaps the best known and longest running consumer advocacy organization, which is described as "No brand is more widely recognized and trusted than Consumer Reports. Since 1936, [it] has delivered thorough consumer product recommendations, while maintaining a reputation for objectivity and accuracy.
BuySelf Realty recently passed a significant milestone--our 15,000th listing. We are honored and feel privileged to be one of the pioneers and survivors of the flat fee MLS movement, if you can call it that.
Many of the questions we get from home sellers haven't changed in the last decade:
Sometimes a person who wants to sell their home but has not listed it in MLS asks me "Why should I list it in the MLS? I offer a comparable buyer agent commission to any agent that brings me a buyer."
Yesterday I was honored to accept an award on behalf of the entire BuySelf Realty team. It was the "Award of Excellence" for online marketing from the world leader in real estate marketing, Realtor.com. It was humbling to be among the handful selected for the great work our team does marketing our sellers properties on the internet.
The past few years our flat fee MLS listing business has seen a huge influx of sellers who first tried to sell their home without any professional help and without a Multiple Listing Service (MLS) listing. Most of these people had put a sign in their yard, and maybe put an ad in a newspaper and maybe a few other things to try to sell their home.
I (and my team) spend lots of time helping sellers every day. So I am very familiar with explaining some of the terminology that often confuses buyers, sellers, and more often then you would think agents. I''m sure most flat fee MLS listing Brokers are. If you have terms you have found confusing please email them to me as I am sure I am just scratching the surface here.
Since the very beginning of being a flat fee broker, I have been surprised at how many traditional real estate agents use our flat fee listing service to sell their own properties. Yes, I think a flat fee MLS listing is an outstanding and incredible value, but I never really figured that agents who as their job ask people to pay 5%, 6% or more would not make sure they themselves paid that price when they sold their own properties.
One common question that comes up with our home sellers is "How do I make a counter proposal to an offer I have received?" First, it is helpful to review the basics of offer and acceptance in real estate: