There are basically two choices you have once you
decide to list your lot or land in the MLS system: Flat Rate MLS
listing (or Discount MLS Listing), such as with our company,
or Traditional. When listing your property on the MLS with a full
service Real
Estate
company,
a listing commission is charged. This listing commission is usually
based on the sales price of your lot or land and will usually range
anywhere from 3-6%. Keep in mind this has nothing to do with the
buyers agency commission, which can run you another 3-6% of your
sales price. This means that 6-12% of the price of your property
will go to Real Estate Agents.
|
Our Flat Rate
MLS |
Traditional MLS |
|
Similarities |
MLS
Listing of your lot or land on your local MLS by a licensed real
estate company, us! |
MLS
Listing of your land or lot on your local MLS by a licensed real
estate company. |
Exposure
on all internet sites such as Realtor.com, Google Base, Yahoo,
etc for your local MLS area. |
Exposure
on all internet sites such as Realtor.com for your local MLS
area. |
No
need to worry about contracts. The buyer's agent will bring you
the written offer. AND if you find your own buyer, you are supplied
with all of the forms, contracts and disclosures you will need! |
No
need to worry about contracts. Your agent will bring you the
written offer. However, you will typically not be able to find
your own buyer without still paying a listing commission. |
| Differences |
We
charge a flat rate of Only $195.00 to list your
lot or land in the MLS. No Listing Commission! |
A
percentage of the selling price of the property is charged. This
can typically be anywhere from 3-4% (thousands of dollars). Typically
other fees such as back end Sales Transaction fees are also charged. |
You
are able to market and sell your lot or land on your own. If
you find your own buyer you will owe no commission to anyone. |
You
are not able to sell your property on your own. Even if
you find your own buyer, the Real Estate listing agency is entitled
to a commission. |
You
are able to choose the amount you wish to offer to the
buyers agent. |
The
listing agent will choose the amount of the buyer's agent's commission.
This is typically, 2-3.5% of the sales price of the property. |
You schedule
your own appointments and showings, around your schedule. |
They
will schedule appointments and showings around their schedule.
This may inconvenience potential buyers. |
You
are able advertising your lot or land however you choose. |
They
will sometimes provide newspaper advertising and flyers for your
property. |