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The Multiple
Listing Service (MLS) is a centralized database organized by the
National Association of Realtors that contains listings of all of the real estate for sale in the area, whether it
is homes, commercial property, or land. 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 primary tool that Realtors®
utilize to market their home listings to other Realtors®
and prospective buyers.
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. FSBOWausau.com is able to provide the home seller
access to the MLS, by charging a flat fee instead of a commission. A seller who uses Flat Fee MLS is
responsible for showing the home, negotiating the sale price, and attending the closing. 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 same powerful tools used by traditional Realtors® to sell homes, but at a franction fo the cost.
There are typically two ways a seller will find a buyer for their house. The first way is
that a Realtor®
who has a client that is looking to buy a home will contact you arrange a time to
look at the house and if the buyer is interested they will negotiate a purchase price of the home.
In the traditional real estate industry a Realtor® that helps a buyer find a home collects a commission from the home seller.
The amount of the commission collected by the Realtor® representing the buyer is determined by you the
seller, and is typically 2-3% of the sales price (3% is typical).
It is also typical in the real estate industry for the seller to have to pay their Realtor® a commission (3% is typical)
for listing the house on the MLS. However, with FSBOWausau.com's Flat Fee MLS, you save 3% of the sales price that you would've had to pay
to a typical real estate company to list your home on the MLS!
The second way a seller typically finds a buyer for their home, is that a buyer searching for property on their
own finds your home by searching at FSBOWausau.com, Realtor.com, or
through any local real estate company's website - because your home is listed on the MLS.
When a buyer contacts you
directly without the use of a buyer's agent Realtor®, you don't have to pay a
commission of 3% to the buyer's Realtor®,
thus saving you thousands of dollars!
If you have any
questions about our Flat Fee MLS services please feel free to contact
either Andrew
,
John
,
or call (715) 297-8155.
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