Flat Fee MLS HOT Topics
At ADDvantage®, we offer 3 versions of flat fee MLS listings. A "traditional" flat fee MLS listing, a "tradition flat fee MLS listing with contract-to-close representation" and "a hybrid flat fee MLS listing with contract-to-close".
ADDvantage® is Florida's most innovative discount real estate brokerage firm. We have been publishing the Street Smart ADDvantage® Realtor® E-Blast for 4 years now promoting “high buyer agent commissions.†It is now Florida most read Realtor®-to-Realtor® email.
I was wondering yesterday about how the general public felt their chances were to sell in this market. So I called a few friends and asked them…“If you listed your Miami home today in the MLS, with ADDvantage® flat fee or with a full-service Realtor® of your choice, what do you believe your chances are of getting a contract within 117 days?†My Miami friend (a real estate speculator) said less than 10%. My Sarasota friend (a lawyer) said maybe 20% and another friend in Tampa said 15%.
Not one of my friends thought they had a 26% chance of selling within 117 days which is the exact pace that ADDvantage® of Florida has sold its flat fee MLS Florida listings the past 6 months. Typically the 4th quarter is not a robust time of year to sell so 26% is not bad.
There are two types of buyers out there. The short sale or bank owned type of buyer that is only looking for deeply discounted homes. This is not your buyer unless you happen to be a “short saleâ€. As broker for the ADDvantage® Real Estate Network in Florida, I negotiate all offers for our contract-to-close programs of ADDvantage PLUS™ and ADDvantage WORKS™. The deals I do close for our ADDvantage® clients are the ones that the buyer is motivated to close within 45 days. No short sale and few bank owed properties can close that quickly therefore you are not necessarily competing with these properties. Price your home using a Comparative Listing Analysis by going to Realtor.com and searching out your competition or analyze your neighborhood homes on the market.
Lately, buyers have been relatively easy to work with and I have been more successful over the past 3 months than in any other period closing deals. Prices of homes in Florida have come down and buyers are no longer waiting for lower prices as they did in 2007 and the beginning of 2008.
The ADDvantage® Real Estate Network offers a home warranty plan through Old Republic for its customers in Florida. Offering a home warranty costs the seller about $400, which is paid at closing, if the home closes.
According to a Gallup poll, 79% of both buyers and sellers rate home warranties as one of the most important considerations when buying or selling a home.
Flat Fee MLS listing Florida fact number one is phone support. Phone support can make the difference between selling and not selling. Whether you are listed flat fee in the MLS or with a full-service Realtor®, the reason is simple why phone support is so critical…Without buyer leads to “sell†your home or without Realtor showings, there is no sale. It all starts with one phone call or one email.
ADDvantage is an By owner MLS Internet marketing and sales organization designed to capture all buyer leads and Realtor calls between 8:00am and 8:00pm 7 days a week.
Flat Fee MLS Florida listing gives home sellers a pricing advantage because by owner MLS seller pays just the buyer's agent commission. This saves 3% over a traditional MLS listing. 26.5% of Florida flat fee MLS sellers at ADDvantage sell “by owner†and avoid paying a commission all together.
We flat fee MLS list homes, condos, land and commercial property from Ft. Lauderdale, Orlando, Tampa, Jacksonville, Miami and just about every Florida City.
“American innovation at its best†is how I describe the endless benefits of flat fee MLS listing. Finally, by owner MLS is available through the ADDvantage Real Estate Network in Florida, Missouri, North Carolina, and beyond.
While not everyone shops at Wal-Mart, everyone loves a bargain especially when it comes to saving $10,000 in real estate commissions. Depending on the sales price of your home, a flat fee MLS seller can save at least 3% over a traditional MLS listing.
Many of us are currently finding it necessary to practice conservation and prudence when it comes to our budgets. Now more than ever, flat fee listing is a way to trim the budget and save significantly.
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