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About Flat Fee MLS

 

What is the MLS (Multiple Listing Service)?

 

The Multiple Listing Service (MLS) is a database of real estate for sale, whether it is homes, commercial property, or land that is organized by the National Association of Realtors (NAR). When a Realtor® from a traditional real estate company lists a home for sale, they enter the data for the home into the local area MLS. Here in Central Wisconsin, the local MLS is called the "Central Wisconsin Multiple Listing Service" or CWMLS. The Central Wisconsin MLS contains all of the homes listed for sale by Realtors® in the majority of municipalities in Marathon, Portage, and Wood Counties.

 

The listings on the MLS are not only available to Realtors®, prospective home buyers are also able to view homes on the MLS through websites such as Realtor.com and many area real estate companies' websites. The MLS is the key tool that Realtors® utilize to get their home listings to other Realtors® and prospective buyers. Realtors® know though that the MLS is far and away the most essential tool and the primary way to get their clients homes sold.

 

How Does Flat Fee MLS Work?
       

 

Flat Fee MLS is a new way for a home seller to market their home just as they would by hiring the services of a Realtor® and real estate company. The seller who uses Flat Fee MLS is responsible for showing the home, negotiating the sales price and terms, and the closing. FSBOWausau.com is able to provide the seller access to this great tool that is the MLS, which in the past wasn't available to them, by charging a flat fee and letting the seller do the selling and handling the specifics of the home sale. And who better to sell and market a home than the motivated person who has owned it and lived in it? The advantage to the seller is that they are able to pay a substantially discounted price for the ability to market their home just as if they had hired the services of a traditional real estate company. Flat Fee MLS is the wave of the future of real estate sales, and future is brought to you locally by FSBOWausau.com!

 

FSBOWausau.com provides the seller with the sales tool from the listing side of the home sale transaction. The buying side of the transaction can be handled in two ways. The first way that a buyer can be procured, is that a Realtor® has a buyer and sees your home for sale on the MLS. When they see that your home is perfect for their buyer/client, they will contact you to negotiate the sales price of the home. When you have negotiated a price and go to closing you will pay the buyer's agent a commission, commonly referred to as the co-broke fee. This fee is determined by you the seller, which is typically 2-3% of the sales price (3% is typical). Therefore, you save 3% of the sales price that you would've had to pay to a real estate company to list your home by listing your home through the Flat Fee MLS services of FSBOWausau.com! The second way that a buyer can be procured, is that a buyer searching for property on their own sees your FSBOWausau.com yard sign, sees our ads on the internet or in the media and goes directly to our website, or Realtor.com, or through a local real estate company's website and sees your home listed on the MLS as "For Sale By Owner." By having the buyer contact you directly without the use of a buyer's agent, you don't have to pay a co-broke fee of 3% to a Realtor®, thus saving you thousands of dollars in commissions!

 

If you have any questions about our Flat Fee MLS services please feel free to contact either Andrew , John , or call (715) 297-8155.

 
  • "Selling a home can be a very stressful experience, especially in the weak housing market that we face. However, Andrew helped turn that stressful situation around with ease. From our very first meeting, I knew we could depend on Andrew for honest, carefully thought through advice based on sound facts and thorough research. Together, we picked a selling price and strategy that would meet my needs and find a buyer quickly. The plan worked great and my home closed within a month of listing! During that timeframe, Andrew was always available to field my questions. Without a moment's hesitation, I would recommend FSBO Wausau to anyone looking to buy or sell a home. Andrew's dedication and support were priceless and far exceeded my expectations."
    -Morgan Noel
  • "With FSBO Wausau my home sold for the price I wanted to get within the first month of having it listed, saving me thousands in realtor fees."
    -Jason Schiller
  • "We originally tried selling our house on our own because we didn't want to pay 7% commission to an agent. We felt we could do a better job showing the house and pointing out it's assets than an agent. But we knew we had a big handicap since it wasn't on the MLS. We finally went with an agent, whom we were very dissatisfied with and who almost never showed the house. Then we found FSBOWausau. It was exactly what we wanted. A small fee and the house was on the MLS. We were happy to handle the rest in order to save a ton of money. Our house just sold, everything went smoothly, and we highly recommend Andrew Brainard and FSBOWausau."
    -John Kilgust