Our company, actually the main website we advertise on http://FlatFeeMLSListing.com was featured in this excellent article for CNN Money recently. The article does a good job dispelling the misconception that flat fee MLS listing doesn't work in a buyers market. It tells how the stories of sellers putting their home on the market, getting 60 showings and 10 offers after the first weekend (yes, many of our sellers experienced those numbers a few years ago) are quite rare now that most markets favor the buyer over the seller right now.
One point I wished the article would have developed further, that we frequently hear from our sellers: My listing can have a better price, and therefore be more attractive to buyers, because I am saving so much on my listing commission. One very happy seller who had just gotten two offers within a week of listing was still in shock. He talked about that there were a dozen other similar homes for sale in his neighborhood, all with traditional agents and probably paying a traditional high commission. Many had been on the market over 6 months so he had prepared himself for 6 to 9 months on the market. Because he was only paying $499 for the listing broker, he was able to offer a slightly lower price and still come out way ahead.
I'd like to post this and many other articles but rather than get into copyright violations and trouble, please email us and we would be happy to email you a link.
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