FAQ
Q. What does your flat fee mls listing program include?
A. 1) A 6 month listing on your local Multiple Listing Service (MLS) with multiple photos and detailed information 2) A 6 month listing on your local MLS database, which can also be viewed on Realtor.com 3) Automatic property listing feeds to Realtor.com, Zillow, Trulia, and other major portals for real estate. 4) Free Flyer Template on InfoTube.net 5) Free Legal Forms and Contracts for Your Area. 6) Sales and Marketing Help and Advise. 7) Free Community Forum, Q&A, Blog and Up to the Minute News about Real Estate.
Q. What are the steps to get on the mls?
A. 1) Order an MLS for a low flat-fee through our web form below or by calling 1-800-381-9496. 2) Why6Percent will call a local agent in its broker network who will contact you directly and provide you with the necessary paperwork. 3) Return the completed paperwork to the agent who will place your home on your local MLS within 48 hours. 4) The agent will contact you directly to confirm your home has been placed on the MLS and provide you with the MLS number for your property. 5) When a Realtor® brings you a buyer that results in a successful home sale, you pay the buyers agent a commission (typically 2-3%)
Q. What is the Multiple Listing Service (MLS)?
A. MLS stands for Multiple Listing Service. The MLS is a database of homes for sale in a specific area and is run by the local Board of Realtors®. It's the traditional method agents use to find homes for their buyers or to advertise their listings to other agents.
Q. What is the benefit of putting my property on the Multiple Listing Service (MLS)?
A. There is one very significant benefit to having your home listed on the MLS EXPOSURE to the local pool of real estate agents! The fact that you have your home for sale in the MLS will now be known by the hundreds, if not thousands, of real estate brokers and Buyer's Agents in your market who are helping buyers find homes.
Q. How long will my home be listed on the MLS?
A. Six (6) months.
Q. What is the difference between a Sellers Agent and a Buyers Agent?
A. A Seller's Agent lists the property, represents the seller and is legally obligated to put the seller's interests above all others. A Buyer's Agent represents the purchaser in the transaction and puts the buyer's interests above all others.
Q. What does it mean to "co-op"?
A. Co-op (cooperative payment) means that you would be willing to pay a Buyer's Agent a fee for bringing a buyer to you. Typically, a Buyer's Agent is paid 2.5% - 3.0% of the sales price. It is necessary to list the commission amount you are willing to pay on the MLS when you list your home with the real estate agent.
Q. If I do not want to "co-op" with a Real Estate Agent, is the MLS still a good idea for me?
A. No. A Buyer's Agent expects compensation. Without offering it, an agent will have no reason to bring a buyer to your home.
Q. Do I have to pay an agent if I put my home on the local MLS but find the buyer myself?
A. NO! In this scenario, you would have only spent $399 ** to get on the MLS using Why6Percent.
Q. So what are my cost savings with putting my home on the MLS as opposed to going with a full- service Real Estate Agent?
A. Let's go through both scenarios with the assumption that you are selling your home for $150,000. One scenario uses a regular full-service Seller's Agent with a 7% commission. The other scenario uses Why6Percent's MLS service.
Think about it. Wouldn't you rather use that money for a vacation or a new car? When you're ready for MLS, we're here to help you!