Selling a Home on your Own through Flat Fee MLS/FSBO Listings
Listing the home for Flat Fee MLS is no longer just an option; it is a powerful way for sellers to sell their home. Flat fee MLS is a practice in the real estate industry where a seller enters into an ä la carte service agreement” with a real estate broker that accepts a flat fee instead of a percentage of the sale price for the listing side of the transaction. The property for sale is listed on local multiple listing service (MLS) as separate items without requiring the seller to use all the services.
Why do sellers choose flat fee MLS/FSBO listings? (1) The seller wants more control of the sales process. (2) The seller does not want pressure from a real estate agent demanding that they sell to anyone for any price. (3) The seller prefers to save money on real estate fees.
According to MLS data, flat fee MLS listings sell faster than full commission listings sold by traditional realtors. For Sale by Owner (FSBO) users who list on MLS’ using an entry-only MLS listing end up selling their home on average for a higher price per square foot than homes sold by traditional full commission agents. Flat Fee MLS listings allow homeowners who want to list by owner to save thousands of dollars in real estate commissions.