If you’re thinking about selling your home, you should know that there are significant differences between working with a traditional real estate agent and a flat fee realtor.
There has been a recent uptick in the number of people looking for alternatives to real estate agents, as potential sellers consider whether or not to save the typical 6% commission.
Using a For Sale by Owner websites is another choice, but not everyone is prepared to sell their home in this way, and many others would like to have some guidance through the process.
You may avoid paying any commission at all and maintain full command of your MLS listing by working with a Flat Fee MLS listing Service Provider.
If you’re looking to save money on transactions while still receiving first-rate listing services and contract support, a Flat Fee MLS listing business is the way to go.
Agents that work on a flat fee basis charge a fixed rate for their services instead of a percentage of the home’s sale price.
It all comes down to deciding whether or not a flat fee real estate agent is worth engaging instead of doing it alone or working with a full-service firm that is paid on commission.
What Do You Need To Know About Flat Fee Multiple Listing Service Listings?
Firms like Houzeo offer MLS listing for a fixed cost. Rather than a portion of the sale price, the seller pays the agent a flat fee starting at $299 onwards.
For their services, traditional agents often receive a commission based on a predetermined percentage of the property’s final selling price.
In contrast, a flat fee agent works on the basis of a predetermined fee rather than a percentage of the sale price.
Using a Flat Fee Multiple Listing Service might save time and effort during the selling process.
You can save thousands of dollars that you can put toward other expenses, like a down payment, by working with a flat fee real estate broker.
What Are the Advantages of Using a Flat fee MLS Listing Service?
Using a real estate agent offering every conceivable service comes with its own plus and minus points. One thing is certain when you choose a real estate agent, there’s no way of escaping the 6% commission.
On the other hand, companies like Houzeo list on the Multiple Listing Service (MLS) for a flat fee, (which also offers For Sale By Owner (FSBO) and other packages adapted to your demand), and at the same time ensure that you don’t have to pay the buyer agent’s commission fee.
The advantages of using a flat fee MLS listing service like Houzeo instead of a conventional real estate agent are outlined below:
Time Is On Your Hands
One of the main benefits of flat-fee is the increased autonomy it gives homeowners over the sale of their homes.
Selling a home without the aid of an agent allows you to set your own terms, from the asking price to the number of showings to the decision to have an open house and the terms of any price and inspection negotiations.
Set your own showing schedule and book showings at any time that works for you. You decide on the asking price.
A homeowner may employ a flat fee MLS listing company to market and sell their home, take professional photos, make and accept counteroffers, receive offers from potential buyers, arrange for showings, and more.
Most property sellers still find it necessary to employ the services of a realtor in order to move the sale along. For those who’d rather keep more of their hard-earned cash, though, a flat-fee agency is an excellent choice.
If you only require access to the Multiple Listing Service (MLS) or little agent assistance, a flat-fee real estate agent may be the best option for you.
Pocket Friendly
These days, most people selling their homes choose to hire a real estate agent to handle the details for them. More money is needed to get things done, and there’s also a marketing cost.
Full-service real estate agents often charge a 6% commission, which may add up quickly if you have a high-value house and are trying to sell it on your own. While FSBO sites provide you full control over your MLS listing, they don’t come without their share of challenges.
Listing as FSBO means you won’t have the assistance of a real estate agent. A Flat Fee MLS listing gives you access to multiple listing services (MLS) and the assistance of a real estate agent without the associated cost.
A flat fee real estate agent can save you money and time by providing a straightforward listing service for a predetermined price. Fees and commissions would normally cost you thousands of dollars but using this strategy, you’d spend only a few hundred.
Less Interference from Agent
When you engage a full-service realtor, you’ll be expected to agree to certain requirements. Until your home sells or you and your agent agree to end your partnership, the contract will remain in effect.
If you choose to deal with a flat-fee broker, you are not locked into a contract and can leave at any time after paying the fees unless you decide on the pay-per-day option, in which case you would be required to pay for the entire month.
Due to the potential for unforeseen difficulties that might derail the home-buying or -selling process, you need to take extra precautions to avoid being a victim of this negative reputation.
The price and promotion of your home are entirely in your hands once you’ve placed it on the Multiple Listing Service with a flat fee realtor.
You may simply get in touch with the agent and ask for help if you feel you need it at any point during the selling process.
Tailored Services as Per Your Requirement
When you work with a real estate broker who charges a flat price, you won’t have to worry about spending unnecessary money on add-on services. You may save money on commissions, and you can handle everything else yourself while paying only for the flat fee listing services you need.
Traditional real estate agencies often only accept commission payments and provide only a limited range of services. The best aspect of working with a flat fee real estate broker is that you get to make all of the decisions about the sale of your property.
Superior Innovations
At one time, access to the Multiple Listing Service (MLS) was like gold for a real estate agent. The only way to get your hands on this software is to become a licensed MLS broker.
When real estate agents utilize data from the market to set a fair price for your home, they demonstrate the potential of modern technology.
You may have as much say as you like in the selling process with Houzeo’s suite of goods when you partner with them to list your home on the Multiple Listing Service for a fixed cost. The items that set them apart from the competition are:
The IntelliList Management System will walk you through everything from uploading images of your home to establishing the commission for the buyer’s agent, depending on where in the world you happen to be.
If you’re selling a house, it’s important to know when you’ve reached key milestones along the way, and DigiTransact, also known as Digital Transaction Management, will notify and alert you accordingly.
When you utilize the Houzeo Showings feature, you won’t need a real estate agent to set up open houses and other showings.
As a home seller, you have the option of checking the verification status of the buyer or real estate agent you’re dealing with.
With the help of our state-of-the-art closing cost calculator, house sellers and purchasers alike may estimate their respective closing expenses in light of the property’s location, its sale or purchase price, and other relevant data.
The information you need to contact a buyer or a buyer’s agent is readily available in a centralized database with the help of Buyer Lead Management.
Is Houzeo Legit?
Many times the question “Is Houzeo legit?” would have popped up. Simply take a look at more than 2,000 testimonials on Trustpilot and Google Reviews.
It’s a company established in 2017 and headquartered in New York. Homeowners who are selling their homes praise Houzeo’s fast listing times, cutting-edge tools, friendly staff, and reasonable prices.
Conclusion
In January 2022, over eight in ten homes were sold in less than a month. Houses listed on the Multiple Listing Service sell more quickly.
Houzeo is a tech-focused FSBO (For Sale by Owner) marketplace that launched in 2017. More than $4 billion in American real estate is listed on Houzeo.com.
There are almost 2,000 positive evaluations of Houzeo on popular review sites. Reviews from satisfied clients demonstrate that Houzeo is a reliable MLS listing service.
As evidenced by both positive reviews and the company’s persistent attempts to advance its technology, Houzeo is not a scam.
