Flat Fee and FSBO
Flat Fee Service, How You Save & Why it Works?
What if I pay you and dont agree with your listing agreement? Can I get my money back?
Yes, if you do not agree with the standard terms of our listing agreement. We will immediately refund you all your money.
How do I get all the necessary disclosures and other documents from you?
After you sign up we will send you a link that you can access anytime from any device with all the documents you will need.
How do I get the information to you about my home?
After you sign up, we have a page that you can access anytime from any devise that will guide you step by step of all the details we will use to put on the MLS, Zillow, Trulia, Redfin and more.
What is your success rate?
Our success rate is 100% when clients listen to our advice.
We have been doing this for many years and provide you all the tools for a successful sell, but ultimately the sell of your property depends on what you do. If you overprice your property, there is no magic any agent can do.
4P’s of selling
Putting on the MLS
Why doesn't everyone list this way?
Many people are listing for a flat fee, but there is no way for anyone to see this, as all listings look the same on the MLS and public websites.
Some people do not know you can list for a flat fee while others may be too skeptical (it’s just too good to be true, they believe).
If you want a very experienced agent and to save a ton of money … then we are for you. We have been doing this for many years: listed and closed hundreds of properties.
What is the MLS?
The Multiple Listing Service (MLS) is an online listing portal that is accessible only to licensed Realtors who list and sell property. Our customers have the option of listing their home on the MLS for a low one-time flat fee vs. traditional real estate companies who charge a commission based on sale price to list on the MLS.
Will I pay a commission if I'm listed on MLS?
It depends. If a Realtor brings you a buyer who eventually purchases your home, you’re obligated to pay a predetermined commission/fee to the Realtor. Federal law states that all commissions/fees are negotiable. Most of our sellers pay the agent who procures the buyer around 2.5% of the sale price but it is entirely up to you to decide what fee or commission you wish to offer an agent who procures the buyer. Remember that one of the big benefits of using our flat fee service is that if an unrepresented buyer contacts you directly and purchases your home you will not be obligated to pay any commission.
How long does it take for the house to be put on the market from the date the package is purchased?
We have a 24-48 hour turn around period. Once you return your listing paperwork we will review everything and if it is all completed we will activate your listing on MLS the next business day.
Do agents really show and sell FSBO homes?
Yes. Their agent will receive a commission just like any other listing. Real estate agents have a fiduciary responsibility to show ALL homes listed on MLS to their client. Furthermore, most buyer’s find homes listed on public websites and notify their agent when they want to view a property.
I have never sold a home this way???
If you have ever listed on the MLS, then you have listed this way.
Sometimes sellers think they are doing something different, but this is not the case.
We are listing on the same local MLS as any other agent, but instead of charging a 3% commission at closing we are charging you a low flat fee,
We have “unbundled” our services. You pay for the service that fits your needs. We are your listing agent. Your listing will look the same, as all other listings. How much you pay us to list is not mentioned on the MLS. The only commission listed on the MLS, is how much you are offering to pay the buyer or leasing agent.
Can I add a FSBO sign in my yard?
Yes, but we recommend that you use our Flat Fee Guru sign. It is an “AGENTS WELCOME” sign that informs real estate agents that you are currently listed on the MLS and are willing to offer a commission to buyer’s agents. Those agents who see the sign are likely to search for your listing on the MLS to get more information.
Can I call you to talk before signing up?
Absolutely, you can call us or email.
Do you offer more help if I need it??
Yes, Check out our A la carte menu or feel free to call our office 9AM – 5PM.
Do I pay an agent commissions if I find my own buyer?
No additional fees or commissions are paid if you find your own buyer.
How can the MLS help me sell?
Posting on the MLS will push your listing information to all the major real estate websites like Zillow, Redfin, Trulia, etc. and is syndicated out to real estate agents website as well as real estate brokers. This will give your property the maximum exposure it needs so buyers looking for homes on those sites will see your home too. This will also let real estate agents know your home is for sale and what commission you are offering them for bringing you a buyer.
To post on the MLS, you need to specify how much commission you are offering to a buyer’s agent. Typically 2.5% – 3%.
Most home sellers opt to have their home featured on the MLS because that means more exposure to their home, even if it’s for sale by owner. This increases the likelihood of selling quickly and for a desirable price.
- If you post your home for sale on the MLS:
- More buyers will learn about your home
- Agents representing buyers will be more likely to show your home
- You pay commission to an agent if they bring you a buyer (on average, 2.5%)
If you find the buyer, you do not have to pay any agent commission. If you would like an agent here at RobinHood to write the contract, we just charge a small flat fee to do so.
By listing the home on the MLS will help increase the odds of you finding a buyer before a Real Estate agent does because buyers will see your listing on all the syndicated websites.
How many people will see my listing?
Just like any agent, our listingsMLS Listing will receive national exposure on the Realtor.com®, Zillow, Trulia, etc. website with color photos and a description. We will get the exact same exposure a traditional Realtor® will get. Realtor.com® website is open to the public and is the most heavily trafficked real estate website on the internet. Only properties listed in the MLS can appear on Realtor.com. In addition, MLS listings are featured on Yahoo! MSN, and other real estate websites that attract millions of potential buyers.
What phone number will people call?
Buyers and agents will contact you directly to schedule appointments to view your home. The MLS requires to show our office information as listing broker, but agents will be instructed to call you before they show your property. If agents or buyers contact us, they will be referred to you. According to MLS public websites are not permitted to show the owner’s name or phone number. This MLS rule applies to all companies that are members of the MLS.
For a small fee, we offer a yard sign with an 800 phone number that will go directly to you.
What type of properties do you list?
- Single-family homes for sale or rent
- Condos, townhomes, and villas for sale or rent
- Duplexes, triplexes and quadplexes for sale or rent
- Vacant land and lots for sale
Whats the difference between a full service listing and a Flat Fee listing?
A traditional full service MLS listing typically comes with an agreement barring you from selling your home as FSBO for a period anywhere between 4-12 months. You also will pay a 5% – 6% commission that is shared between the listing agent and the selling agent.
Our MLS listing have no listing commission, just a one time flat fee and you retain the right to sell FSBO.
Just like a 5% – 6% commissioned agent, your home will be syndicated out to all the major brokers and agent websites, be listed on your local MLS and have listings on Zillow, Redfin, Trulia and realtor.com to name a few.
With us, you can pick and choose the service you would like from our a la carte menu. Even if you picked every a la carte item, you would still only pay a small fraction of what a traditional listing agent charges.
When will my listing go live?
Once all title holders have completed the listing agreement, your listing goes into broker review. It takes 1-2 business days for a listing to become live on the MLS once the listing agreement is signed by all parties. You will receive an email when your listing is live on the MLS or if the broker has additional questions for you.
After it is live on the MLS, the speed it gets to other websites depends upon those websites and how fast they are able to process it. Many sites will have the listing live within 3-4 hours (Realtor.com is often less than 4 hours), but most say that it can take up to 72 hours. Changes to listings after the listing is live take up to 1 business day.
Zillow, Redfin and Realtor.com have all made changes lately in how they process listings which has resulted in occasional data glitches. If you notice anything incorrect in any of these sites, please let us know and we can work with them to fix it.
Ghassan Shalabi, Broker
Have Questions? Lets Chat!
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