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There is much to consider before listing your property for sale by owner. We are here to assure you that a Flat Fee MLS Listing Service like MrFlatFee.com is providing you a valuable service at an incredible price.
Exposure is key. The MLS is the Realtor® Multiple Listing Service. The MLS is the most powerful marketing tool available to realtors. Not only is it an exclusive listing service created for realtors to utilize while helping their clients find a home, but more importantly it is a hub for all the important information about a property to be gathered in one spot. It is from here that other sites will gather the property data and display it on their sites as well (such as Zillow, Trulia, Homes.com and over 100 more real estate sites).
If you want to sell your home, your property needs to be out there to be seen!
Probably the best kept secret in the Real Estate industry!
When you are ready to sell your home, the most important place to have it listed is on the MLS (Multiple Listing Service). This must be done by a licensed real estate broker, and typically comes at a cost of around 6% of the sale price of your property.
A Flat Fee MLS Listing company gives you the benefit of exposure on the MLS for one FLAT FEE rather than a commission based fee. This can SAVE you THOUSANDS of dollars on your transaction!
One thing that keeps our clients coming back and referring friends, is our stellar customer service. To us, that is very important and this is where many companies fall behind. Our low price does not mean no service! MrFlatFee.com is also locally owned and operated – right here in Ellenton, Florida.
We are not a listing mill from another state that sells your listing to another Florida broker. When you list with us, your listing stays with us.
We are not a national firm, where clients become a number. We pride ourselves in handling each one of our listings and entering them ourselves.
YES! We are a local family owned and operated real estate brokerage. Our brokerage, Like It Realty, was formed in 2010 and our co-founders, Lenny Longo & Wes Eaves, have over 20 combined years experience in the Florida Real Estate market, helping local clients save money on their real estate transactions.
We have bought and sold millions of dollars of real estate and we have dedicated our careers to furthering our education and expanding our services to serve our customers.
The biggest difference with listing with a traditional agent/broker is that they are going to charge you commissions and other fees that can equate to 6% or possibly more. With MrFlatFee.com, your property is listed in the EXACT SAME MLS and your property is syndicated to the same 3rd party websites that Realtors® subscribe to through ListHub.
Our Flat Fee MLS listing service allows you to maximize the marketing power of the MLS and keeps your money in YOUR pocket!
ABSOLUTELY! As a matter of fact, nowhere on your listing does it indicate that you listed with a flat fee listing service. Your listing will be listed under our Brokerage of Like It Realty, which is displayed to buyer agents and brokers. We sell, on average, double the number of properties every month that most agents sell in a YEAR!
This is a common misconception that the listing agent shows a property. When a buyer is represented by an agent, the Buyer Agent will schedule and coordinate the showing of the property.
The listing agent isn’t typically present during showings, as this allows the Buyer’s Agent to have their own time with their client. You want the buyer and their agent to feel comfortable in your home, so they fall in love with it instead of being awkward or diminish the experience for the buyer and their agent.
Listing agents realize that buyers and their agents want the freedom to experience your home by themselves and to be able to speak freely.
If you aren’t able to show your home during the day or you’re not in the area, don’t worry, you can click HERE and we can ship you a lock box to utilize. Lock boxes are what realtors use to allow Realtors access to show their buyers your home.
We are happy to provide our sellers with any and all Real Estate forms, such as contracts, HOA Addendums, Seller Disclosure, Lead Based Paint Disclosures and any other forms you might need…for FREE!
Our goal is to save seller’s money and to date we have saved sellers over $9 Million in commissions! We do this by keeping our seller’s costs VERY low!
What do you pay? You only pay $397 and you have the choice to decide between 2-3% to offer a Buyer’s agent, as a commission. This is the TOTAL amount of commission that you’re responsible for and only if a buyer is represented by a real estate agent.
What else do we get paid? In addition to the $397 we receive from our seller, we charge a very small commission at closing to the buyer’s real estate broker (never to our seller). For example, on a home sale of $350,000 you may choose to pay the buyer’s broker 3% of the sales price. At closing the buyer’s broker would receive $10,500 and pay us our commission of $399. This commission is common in the MLS and WILL NOT discourage REALTORS from showing your listing. Depending on the sale price of the property we may reduce our additional commission we charge the buyer’s broker. For instance, on a $50,000 sale or a property, we would reduce the commission to $199 we charge the buyer’s broker (again, we NEVER charge you, the seller, a commission).
The only exception is if the listing generated a buyer not represented by a real estate agent, in which case you don’t even pay the buyer broker that 3% ($10,500). We also charge no additional commission since there is no buyer’s broker. In this case, by utilizing our service, you save approximately $10,500 to $21,000 depending on if you sell it with or without a buyer’s broker finding a buyer.
This small commission we charge the buyer’s broker (not you, the seller) pays for quite a few things such as, but not limited to:
- We must manually enter our listings in the MLS which is a time-consuming process.
- We must respond to our seller’s queries, throughout the listing process.
- We monitor phone, email and website for buyers (or their Realtors) inquiries and forward their messages back to our sellers.
- Also, once a contract is in place, our small team must contact any combination of title agents, attorneys, Realtors or buyers to obtain the closing statement and answer any of their questions they may have regarding the property or listing, which inevitably comes.
- We also maintain the proper paperwork regulated by state and federal laws.
- There is also a time-consuming update process we must manually enter in the MLS once your property sells.
Certainly, we do not deserve 3% from selling your property, like a traditional Realtor, but we feel our time has value and again our seller’s do not pay our additional $399 commission as our sellers have already agreed to pay a lot of their home’s equity to a buyer’s broker. This is why we charge a commission to the buyer’s broker, in their offer of compensation, in the MLS.
A lock box is a standard tool used by Realtors and that makes it easier for Buyer Agents to show your property. Utilizing a lock box will ensure that your listing is shown more often by Realtors.
The combination code will only be able to be available to Realtors that have access to the MLS and each time the code is accessed it will be documented.
Click HERE to have your lock box shipped to you!
Now that you’ve decided to list your property with us and take advantage of the awesome marketing power of the MLS by putting your property in front of thousands of potential buyers and agents, you don’t want to do anything that will deter a Realtor from showing your house to their buyers.
FSBO signs are a sure fire way to turn off a Buyer Agent from showing your house to their buyer.
- Buyer Agents are driving around all day and equate a FSBO sign to NO COMMISSION. They will pass over showing your house to their buyer.
- Buyer Agents will be afraid that their buyer will circumvent them and contact the seller directly in an attempt to cut out their commission. This may sound good in theory to you as the seller, but a Buyer Agent won’t bother showing your house at all, which means you’ve lost an opportunity.
- If a Buyer Agent finds your property in the MLS and then shows up with their buyer to tour your home, this will certainly turn them off. This is why agents commonly drive away when they see a FSBO sign and the seller wonders why the agent didn’t show up for the scheduled showing.
What types of people does a FSBO yard sign attract?
- Listing Agents that aren’t representing a buyer and only want to list your property. These will be endless calls of listening to why you should list with them for a 6% commission. (Here’s a secret…they will list you in the EXACT same MLS that we can and it will syndicate to all the SAME 3rd party websites such as Zillow, Trulia, Realtor.com, etc.)
- Unqualified buyers (“tire kickers”) that will waste your valuable time. These types of “buyers” generally have bad credit and no money, so they look for sellers who will owner finance or enter into a lease option agreement.
- Wholesalers or “investors” who attended a weekend seminar and that are taught to call tons of FSBOs to try and find a seller to sign a contract to your house for no money down. These “investors” want to tie up your property for 30-45 days for a significant discount (usually 70% or less of your house value) and then try to assign it to a buyer.
Click here to order a professional real estate yard sign from us!
Our Real Estate sign offers a professional look and generates many more calls, especially from non-represented buyers, but also lets buyer agents know that your property is listed in the MLS and that a commission is being offered to them.
A lock box allows realtors easy access to show the property to their buyers (which they love!). We can also enter the lock box code in the MLS, where only licensed realtors will have access to it. This can also save you phone calls with realtors constantly asking for the code.
You can have them shipped directly to you in 2 business days. Click here to get yours now!
A Comparative Market Analysis (CMA) is a resource that Realtors use to evaluate the prices of similar homes (comparables) in your area and to determine the market value. CMAs provide you with an unbiased opinion of your property’s value.
YES! A comprehensive sales contract review is available by one of our licensed and insured agents. The review will be done within 24 hours of being uploaded or emailed to Hello@LikeItRealty.com and feedback and suggestions will be provided to the client for consideration. This includes a phone consultation of up to 30 minutes.
Click HERE to select this option as soon as you receive an offer on your property! We will help you avoid potential pitfalls that can save you thousands of dollars!
Absolutely!! We encourage the use of any marketing tools that assist in showing your home in the best way! You can either use your own virtual tour or we can provide a virtual tour utilizing the photos that you provide. If you’d like us to review your virtual tour to ensure it’s compliant to post to your MLS listing or you’d like us to create one for you, please click HERE.
Please remember that if you’re providing your own virtual tour, it MUST comply with the requirements of the MLS.
Virtual tours may not contain company logos, commissions, bonuses, contact information, text or graphics of any kind (with the exception of the MLS watermark) in the virtual tour. Only photographs, site plot, property sketch, property line art or survey of the property can be entered in the virtual tour and all photo fields. All content including remarks, virtual tour photos and images must be owned, purchased or licensed by the listing broker/agent, from the content owner. The virtual tour link must be a valid URL and may not contain any Participant/Subscriber names or links to any third party business or social networking sites.
During the sales process, there may be documents requested from you by the buyer. We can provide you with a Resource Library with some common documents and disclosures, that you may be requested to provide after you have purchased your MLS Listing.
Our $397 listings are known as a Limited Service Listing Agreement. This service agreement gives us the authority to list your property on the MLS. With our limited service listing agreement, we have no brokerage relationship with our sellers. We provide our sellers the following duties: 1. Dealing honestly and fairly; 2. Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the BUYER; and 3. Accounting for all funds entrusted to the licensee.
If a Realtor represents a buyer that purchases my property, how much commission would I pay at closing?
Yes, you may cancel your MLS listing at any time. There are no cancellation fees associated with cancellation of your listing.
If you decide that a flat fee listing is not the right selling option for you, or perhaps you need a little more help with the marketing and sale of your property, we offer a full service option that allows you all the benefits of a full service agent while still avoiding paying a 6% commission to a traditional agent.
Check out our Mr. Flat Fee Discount Full Service option for additional details!
Absolutely…there is a special section (Realtor/Broker Remarks) of the MLS that is available only by licensed Real Estate Agents who have access to the MLS database, where your information will be entered. We also include specific instructions for them to contact you directly with any inquiries, showings and contract offers. In the event that a realtor overlooks this information, we will ensure that we provide them with the instructions on how to contact you directly. Our goal is to get leads to you as quickly as possible.
If you find a buyer that does not come from Like It Realty’s service, you would pay NO COMMISSION in that case! That is what is great about our flat fee listing program! You have the flexibility to sell directly to a non represented buyer that you find and pay NO COMMISSION!
Once your listing has been made ACTIVE in your local MLS, other syndicated (3rd party) websites take a little bit longer to pull your listing data from the MLS. These syndicated websites can update anywhere from a few hours to several business days to pull data from the MLS.
While we can guarantee and maintain the accuracy of your listing in the MLS, we aren’t able to control the data or format that these websites display their listings.
Don’t worry, we make sure that not only is your listing placed in your local MLS, but that the settings in your MLS listing are set correctly to allow these websites to access the data they need.
The Florida Real Estate Commission (FREC) regulations require your real estate broker to review your Closing Statement to verify accuracy and make sure it contains all material financial aspects of a transaction. In addition, the listing Realtor is required by the MLS to input Closing Statement data to close out your transaction (mark it as Sold) in the MLS (as the MLS is a main source of data for appraisers and real estate agents who rely on it for correct information). Under TILA-RESPA Integrated Disclosure (TRID), many attorneys and closing agents will be hesitant to share the new Closing Statement with anyone but their client. To facilitate our ability to get Closing Disclosures and Closing Statements directly from a lender or settlement service provider the Florida Association of Realtors created an Authorization Form for consumers, this one (1) page “stand alone” form provides for your express written consent, which gives us authorization to obtain a Closing Disclosure or Closing Statement Form (and any other TRID documents) directly from any of the closing service providers identified (and their representatives).
Is it possible to include my contact information on all syndicated sites (Realtor.com, Zillow, etc…)?
When your property is listed in the MLS by a licensed Brokerage (such as ourselves), the regulations for third party sites, such as Zillow, Realtor, etc., do not allow the ability to include the owner’s contact information. Each of these syndicated sites displays our contact information in their own format.
These websites have very clear rules and regulations, since this is how they generate revenue from agents who pay to advertise in particular zip codes or areas and receive buyer leads. As a result, these websites portal’s will assign or forward leads they generate to those buyer agents. The good news is that, since these agents are paying for leads, they are eager to work with those buyers that have contacted them about your property.
FYI – Approximately 90% of the properties sold in Florida are sold by a Realtor.
Please feel free to contact us, we’re always just an email or phone call away and we’re happy to assist! You can even chat with us right on our website.