Flat Rate MLS
FLAT FEE MLS PROGRAM
Place your home on the Multiple Listing Service of Long Island for a one time flat rate. This is the same MLS that the 20,000 Realtors on Long Island use to list and sell homes. This is a system that allows you to sell your home For Sale By Owner, but also gives you the exposure of MLSLI. 85% of all buyers begin their search on the Internet and MLSLI is the most used site to do this search. In addition to the consumer side, you can now also expose you home to Realtors without the pressure of them trying to convert you to their own listing, becuase you are already "listed".
If you sell your home yourself, you do not pay any other fees or commissions. If a real estate agent brings an offer which you decide to accept, you pay a cooperating commision of 2% to that agent. Compare this to the 4 or 5% you would normally pay to list and sell your home!
Under this program you will pay a flat rate plus a cooperating broker fee of 2%. But if you find the buyer yourself, you'll save the 2% also and only pay the flat rate!!!
With this service you do not need to run newspaper ads or any other types of advertising, just pay the flat rate and you will be on MLSLI, REALTOR.com, Google.com and Yahoo.com as well as many other lesser know real estate websites.
Multiple Listing Service (MLS)
Place your home in the local MLS to provide the ultimate exposure for your property.
- No hidden costs
- Keep your "for sale by owner" status
- Save thousands of dollars in listing commission
- Same MLS listing service used by real estate agents in your area
- Expose your home to thousands of buyers and their agents in your area for six months
- Nationwide MLS coverage
- Multiple Listing Service provided by licensed real estate agents in your area
- Plus, your home will get additional exposure through Realtor.com and the other sites.
- If you do not want to cooperate with brokers that is fine also, just don't accept their appointments- but you still get MLSLI, the consumer side of the Realtor MLS.
Frequently Asked Questions
What is the Multiple Listing Service (MLS)?
MLS stands for Multiple Listing Service. The MLS Listing System is a database of homes for sale in a specific area and is run by the local Board of Realtors®. It's the traditional method agents use to find homes for their buyers or to advertise their listings to other agents.
How much does it cost to get on the MLS?
Their is a one time, low flat rate payable upfront which includes all the other features in the Maximum Exposure package. Please call Phil Donnellan at 917-751-5886 (cell) to discuss our low rate.
How long does my home stay on the MLS Listing System?
Your home will be advertised on your local MLS Listing System for six months. It will also appear on Realtor.com as well.
Do I get a refund if my home doesn't sell or I convert to an agent before the six months is up?
There is no refund if your home doesn't sell. However, if you convert your listing to one of our local affiliates, they will refund the flat rate you paid at closing.
What is the benefit of putting my home on the Multiple Listing Service (MLS)?
There is one very significant benefit to having your home listed on the MLS - EXPOSURE to the local pool of real estate agents, and to the local pool of consumers! The fact that you have your home for sale in the MLS will now be known by the hundreds, if not thousands, of real estate brokers and Buyers' Agents in your market who are helping buyers find homes.
What does it mean to "co-op"?
Co-op (cooperative payment) means that you would be willing to pay a Buyer's Agent a fee for bringing a buyer to you. Typically, a Buyer's Agent is paid 2.0% - 3.0% of the sales price. It is necessary to list the commission amount you are willing to pay on the MLS when you fill out the MLS listing agreement.
Do I have to pay an agent if I put my home on the local MLS Listing Service but find the buyer myself?
NO!.
So what are my cost savings with putting my home on the MLS Listing System as opposed to going with a full-service Real Estate Agent?
Let's go through both scenarios with the assumption that you are selling your home for $500,000. One scenario uses a regular full-service Seller's Agent with a 5% commission. The second scenario saves you thousands by using our Maximum Exposure MLS service.
|
|
Traditional Real Estate Transaction |
Maximum Exposure MLS Listing |
|
Your costs |
$20,000 |
Flat Rate TBD |
|
Total paid after sale |
$20,000 |
$10,000* |
|
Savings |
Savings of $0 |
Savings of $10,000!!!* minus flat rate. |
