Flat Fee MLS Listing Kentucky
Flat Fee MLS Listing Kentucky
Flat Fee MLS Listing in Kentucky is the practice in the real estate industry where a seller enters into a listing agreement with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction. The buyer's broker is still typically offered a percentage though that could be a flat fee as well. A discount flat fee MLS brokerage typically unbundles the services a traditional real estate brokerage offers and list the property for sale in the local multiple listing service (MLS) a la carte without requiring the seller to use its services for valuation assistance, negotiating, transaction management and showing accompaniment. Flat Fee brokers are real estate brokers, just like the national brand names, but offer discounted or unbundled services. Most flat fee brokers do offer full service brokerage services.
In the Kentucky MLS ®, the listing agreement between the Kentucky real estate broker and the property owner typically requires the broker to enter the property into the MLS and provide other contracted services, with the broker acting as what the traditional industry has coined a "limited service broker". However, the flat fee industry prefers the term a la carte broker because the services are not limited. Instead freedom of choice is expanded to allow sellers to pick from a menu of services.
Within the nontraditional real estate services market, there are multiple programs offered to sellers that share the common objective of saving the consumer money by reducing the overall expense of selling real estate. A "nontraditional service" does not automatically entail "limited service". For instance, some full-service brokers list properties under a full-service agreement but charge a "flat rate" that is not a percentage of the sales price.
For Sale By Owner MLS Kentucky ( Multiple Listing Service) is not different from traditional real estate brokerage services. Because the MLS requires a listing agreement between a real estate broker and property owner, the rapid explosion of discount flat fee service providers has created a gap in the States developing laws governing flat fee services provided by real estate broker.
The main differences flat fee Multiple Listing Service and traditional services, flat fee allows the seller to sell as though they were for sale by owner in and not pay a commission aside from the up front listing fee. With traditional commissioned real estate agents, if you sell your own property, you will own the agent a high commission. Flat fee listing allows the customer to sell similar to a FSBO and with an agent, having the best of both worlds.
You are not a FOR SALE BY OWNER on the MLS, you are listed with an agent but still have the option to sell your own property without paying an other fees aside from the up front listing commission.We are a discount real estate broker from the normal 6% commission. Flat Rate or Flat Fee MLS listing services have been around for years but is fast becoming more popular when selling your property.
Flat Fee Group is a national group of independent real estate brokers that specialize in flat fee listing. Click here to list in another state.
4P's of selling - nothing else matters!
Price, Placement on MLS, Presentation of property, Photos
The number of showings you get, is a function of people wanting to look. It's not a function of agents wanting to show.
If you are not getting many showings, it means you have a lack of consumer demand, and you may need to lower the price.
If you are getting a lot of showings, it means you have a lot of consumer demand.
THE SELLING FORMULA!
* Start with a price you want to get
* If you are not getting many showings, or offers, reduce the price.
* Many sellers think you have to start with the perfect price, but you do not. Starting high to test the market is ok as long as you do not let it sit on the market overpriced.
Many home sellers over price their homes. The biggest mistake is not making big enough price reductions often enough.
Your goal is to sell within a certain time frame and get the most for you home as possible.
No agent can tell you the perfect price to achieve this goal, but what we can do is give you the "Selling Formula" to achieve this goal.
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