Save Thousands in Commissions!
FAQ – Listing your home on the MLS
What is the Multiple Listing Service? (Also known and referred to as the “MLS”)
The MLS is a database owned by Realtors which is used to find homes for their buyers. For most Realtors and buyers, it is the only tool they need to find the right home.
The MLS’s across the country belong to members of the National Association of Realtors (NAR) and are computerized lists of homes currently for sale. This is an exclusive tool, only available to the 700,000 members of the NAR. Realtors search the MLS daily to find potential matches for their buyers, thus when new listings are entered, they are immediately evaluated by thousands of Realtors with prospective buyers, making your house quickly and easily found.
Only a Realtor can list your property in the MLS. Realtors own the MLS.
Listing your home on the MLS is crucial if you are serious about selling as agents rarely search for homes outside the MLS.
MLS provides the biggest marketing advantage in selling homes.
This kind of exposure to buyers is not available anywhere else. You maximize your chances of selling your property more quickly and at a better price when it is listed in the MLS. When your property is in the MLS it receives the broad coverage of all the member real estate offices via computer to your home’s availability, price and features.
Being listed on the Realtor’s MLS enables you to take advantage of the power of thousands of Realtors in your area. That means more exposure for you!
How will I save thousands by ordering the Flat Fee MLS option?
|Selling Price||Traditional 6% Realtor Commission||Broker Direct MLS $499 + 3% Commission||Your Savings|
Is this the same Multiple Listing Service (MLS) to which all area Realtors belong?
Yes. All Realtors belong to their local association of Realtors and to their local MLS.
Will my property be listed on the Internet?
Yes. We syndicate your listing to major sites like Zillow, Trulia, Realtor.com, Homes.com and 100’s more.
How long will it take after I send you the forms for my property to be on the MLS?
We will have your property listed in the MLS within 48 business hours after we receive your completed forms and photos.
How long will it take after I send you the forms for my property to appear in the MLS?
After your property is activated in the MLS, it takes between 3 and 72 hours to feed electronically to all external sites.
Are there any more Realtor fees toYouPriceIt.com besides the up-front listing fee and the percentage I will pay if a Realtor brings me a buyer?
No, these are the only real estate fees involved in listing your home. There is nothing hidden. Of course normal closing costs will apply at closing which are charged by the closing company.
Can I make changes to my MLS listing after it is in the MLS?
Yes, you may. Just click the “edit my listing” link on the left of the home page. Price changes are free, and changes to description and photos after your initial proof are $25.00. (most people do not make changes after the initial proof but you can if you’d like)
Will Realtors show my home even though I listed Flat Fee Listing instead of “traditional” paying a high commission?
There is no way to tell how much you paid to get on the MLS. Regardless of whom you listed with or what you paid, your listing will look no different from any other listing in form and style and the Realtors will show it because they know it has the commission for the buyer’s agent.
Will Realtors contact you or me for a showing?
The Realtors call the showing service and the showing service calls, texts and emails you to schedule the showing, following your instructions which you give us at the time of listing.
How long is the MLS listing period?
Normally a listing is for 6 or 12 months based on which package you ordered.
Must I have a lockbox?
No, but Realtors depend on quick access. Realtors show many homes within a very short period of time, Easy access to your home may make a difference. We strongly recommend a lockbox.
Will my listing look the same as a full service listing to a traditional agent?
Your listing will look like all the other listings on your local MLS. The same format is used for all listings.
Is it true that Realtors using the Multiple Listing Service (MLS) to sell most houses and that they usually sell for a higher price?
Yes, it’s true on both accounts. According to the National Association of Realtors, approximately 75-80% of all U.S. homes are sold through Realtors using the MLS. Homes listed on the MLS average net proceeds 7% higher than homes sold without a Realtor’s help.
The MLS will give you the exposure you need and this is the key to a successful transaction. There is no other effective way to sell your property and be successful. The Realtors are the ones with the buyers!
If you have other questions not addressed here, feel free to call our agents at1-800-YouPriceIt.