Selling a house in 6 easy steps
1. Prepare your home for sale
2. Sell your house by setting the right price
3. Advertise !
Sell your home on the Internet
4. Selling Your Home: the campaign
5. Negotiate the terms of the sale
6. Close the deal
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Pay *$199 - $499 for a flat fee mls listing
and save $6,000
on the typical commission on a $200,000 house |
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| *Prices are set by local Realtors who provide the service through Audrie.com |
| How does it work? |
| Flat fee mls works because there are two real estate agents involved in the sale of almost every house: the "listing agent" who works with the Seller, and the "buyer's agent" who works with the Buyer. |
| Listing Agent |
Typical Listing agent tasks |
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Buyer's agent |
Typical Buyer Agent tasks |
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1. Put home in local MLS
2. Assist in setting price
3. Provide "For Sale" sign and newspaper ads.
4. Host an open house |
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1. Search MLS for homes that match Buyer's wishes.
2. Take Buyers to see homes.
3. Prepare offer and assist with negotiations |
| $6,000 (3%) |
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$6,000 (3%) |
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On a $200,000 house, the Seller typically pays 6% commission ($12,000) which is split evenly, with the "listing agent" getting 3% or $6,000 and the "buyer's agent" getting the remaining $6,000 (yes, the Seller pays the "buyer's agent"). |
A flat fee listing eliminates the $6,000
that goes to the "Listing Agent"
and replaces it with a "flat" fee of $199 - $499
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| The Seller is still obligated to pay the Buyer's agent
but in most areas the Buyer's agent will accept 2.5% or $5,000 in our example of a $200,000 house.
Instead of $12,000, the Seller pays $5,000 plus the listing fee for a savings of over $6,000 |
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| No Free Lunch! |
For his relatively small Flat Fee, the "listing agent" is obligated to perform only one task: he puts the home in the local MLS. He or she is *not required to:
- Assist the Seller in setting a selling price.
- Provide a "for sale" sign for the front yard.
- Provide a "lockbox" so agents can show the house when Seller is not at home.
- Place ads in local newspapers or
- Host an "open house" for local realtors and prospective buyers.
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| But that's okay! Because:
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| *Much of the difference between our $199 and $499 flat fee listings lay in services provided by the local realtor. |
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A MLS listing looks like an Internet ad, but is fundamentally different. The Seller must sign a "Listing Agreement" that specifies both the "flat fee" and the 2.5 - 3% to be paid to a "buyer's agent." The Listing Agreement makes the "listing agent" responsible for:
- The accuracy of a detailed description of the seller's dwelling.
- Making sure the seller pays the agent who brings a buyer that purchase his home.
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Includes contract package plus photo tour packages below. Also property flyers in two styles, a for sale by owner yard sign with stand and a directional sign. Internet listing will remain active until home is sold.
Order now.
Learn more...
Real estate forms & contracts to legally sell or buy a home. Designed to meet individual state requirements, our contracts have been used to sell homes in every state. Download them in Microsoft Word format for Windows & Mac. Most also available in PDF.
Order now.
Internet web page ad with up to ten pictures of home plus property description and choice of 28 eye-catching headlines. Also includes choice of two flyers for local distribution.
Order now.
Learn more...
Don't have time? Can't devote 4 hours per week?
Consider hiring a good real estate agent and paying 6%-7% or about $9,000 to sell a $150,000 property. |