Homes in Florida’s cities have experienced a 32% increase in value. While that sounds amazing, it also means that the amount of commission you are paying will increase substantively. Thankfully, there are options to reduce the amount you pay in commission by up to 97%, so that instead of paying more than $10,000 at closing, you only pay $300 to $400 upfront. The only way to do that would be to use a flat fee MLS Florida sellers choose.
What is a Flat Fee MLS and How Does it Save Florida Sellers Money?
A flat fee MLS listing service allows For Sale By Owner sellers to access a wide variety of value adds while also giving them access to the MLS, removing the need for a listing agent and making an FSBO sale more accessible especially through For Sale By Owner Websites. By removing the listing agent from the equation, the flat fee MLS listing service will essentially save sellers thousands in the process.
How To Save Thousands Using a Flat Fee MLS Florida Homeowners Use
Even with the potential savings, many sellers are still hesitant about using a flat fee MLS because of the fear of being unable to sell through these services. Fortunately, most flat fee MLS – with the exception of a few – offer services that would be beneficial in selling your home. However, if you want to guarantee a profitable sale, you should implement the steps below.
List With A Reputable Flat Fee MLS
Flat fee MLS aren’t created equal, in the same way, realtors aren’t. If you want a quick and lucrative sale, you should list with an established and reputable flat fee MLS. This way, you guarantee that your listing won’t have any issues and the sale will be as expected.
Select a Flat Fee MLS With Dominance in the Florida Market
There are thousands of flat fee MLS listing services available. However, to experience the benefit of these services, you should choose the best flat fee MLS listing service Florida sellers can access. Because if a flat fee MLS doesn’t have sufficient presence in the local market, it probably won’t have substantial syndication to local MLS.
Choose a Listing Service That Enables You to Choose Your Own Buyer Agent Commission
While you save on real estate agent commissions, listing with a flat fee MLS doesn’t eliminate commission entirely. You may still have to fork over a surprising percentage depending on the service you use.
For example, FSBO.com only allows you to select a buyer’s agent commission of between 2% and 3%, whereas a service like Houzeo allows you to select a commission from 0.25% to 4% in 0.25% increments. By having this control, you can save an additional few thousand when selling through a flat fee MLS.
Pay for a Service That Emphasizes Direct Buying In Addition to MLS Syndication
One way to enhance the saving potential of using a flat fee MLS is to choose one that focuses on direct buying in addition to listing on the MLS. For example, Houzeo also has tools that make it easier for buyers to browse their website to find homes in their radius. Additionally, they include features that allow you to share your listing on social media. These features increase the potential of having a buyer directly put in an offer, bringing down the amount you pay in commission to $0.
Following these steps allows you to choose the best flat fee MLS listing service Florida homeowners have access to, and enables you to confidently navigate a FSBO sale.