Arna’s #1 For Sale By Owner & Flat Fee MLS Service
What is a Mulitple Listing Service (MLS)?
Should I offer the buyer's agent a commission?
Do I need to review my MLS listing?
How will I know when my listing goes public?
How long does it take to get my listing on the MLS?
Will my listing appear on Zillow, Redfin, Trulia etc.?
How will buyers and buyer agents contact me?
How does Houzeo help me file disclosures?
How do I get help if I need it?
How do I get started with Houzeo?
The Multiple listing service, also known as the MLS, is a portal that real estate brokers can access to list properties, view local real estate data, and interact with other brokers. Most people recognize the MLS as the database that all realtors use to post homes for sale. The MLS can only be accessed by local licensed realtors, who pay a membership fee. There are over 700 MLS’s in the country and each multiple listing services is geographically based. Real estate listings should only be posted on the local MLS. Realtor.com acts as a nationwide collection of all properties listed on the 700 MLS’ around the country. The only way to get your home listed on the MLS is through a licensed broker who is a member of your local MLS.
1 - Many agents set up auto notification emails for their buyers when new homes show up on the MLS. You want to be on this list.
2 - Most local MLS’ distribute to Zillow, Trulia, Redfin, and several other brokerages/portals. This is important exposure for your listing.
3 - Finally, MLS allows you to offer the buyer’s agent a commission. Since most buyers are still represented by agents, a fair commission to buyer’s agents incentivizes them to show your home. This will immensely increase your chances of a quick sale!
FSBO (pronounced, "fizbo") is real estate agent lingo for “For Sale By Owner.” FSBOs are home sellers who sell their homes directly to buyers without using real estate agents. Those sellers often put signs in their front yards that say, “For Sale By Owner,” and thus the name. If you ever want to get into a lively conversation with any real estate agent, just ask them what they think of "For Sale By Owners." I can’t think of a subject that gets real estate agents more riled up. Many will dive into a story about a FSBO house that sold for far less than fair market value. It may have happened many years ago but their memory of it is likely to be as fresh as yesterday.