You’ve got Questions?
We’ve got Answers!
There is much to consider before listing your property for sale by owner. We are here to assure you that a Flat Fee MLS Listing Service like FlatFeeSells is providing you a valuable service at an incredible price.
Our $97 listings are known as a Limited Service Listing Agreement. This service agreement gives us the authority to list your property on the MLS. With our limited service listing agreement, we have no brokerage relationship with our sellers. We provide our sellers the following duties: 1. Dealing honestly and fairly; 2. Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the BUYER; and 3. Accounting for all funds entrusted to the licensee.
While our fee is a flat rate up front, you get to decide how much to offer a Buyer’s agent as a commission if they are to bring a buyer to you – traditionally it is 2-3% of the purchase price. Per the MLS rules, we are not able to have a listing in which a commission to the buyer’s agent is not offered.
Yes, you may cancel your MLS listing at any time. There are no cancellation fees associated with cancellation of your listing. You will simply fill out an “Update Listing” form on our website. CLICK HERE for this form.
If you decide that a flat fee listing is not the right selling option for you, or perhaps you need a little more help with the marketing and sale of your property, we do offer traditional listing services in most areas.
Of course! Anytime you have a change to your listing, you will need to submit it to us promptly in writing via our “Update Listing” form on our website. CLICK HERE for form. Updates to your listing price or for status changes (Pending, Sold, Back on Market, etc.) can be submitted with no charge. Additionally, one update request (with as many changes as you’d like) can be submitted every 30 days. Each additional update request needed (within 30 days) costs $25.
The Florida Real Estate Commission (FREC) regulations require your real estate broker to review your Closing Statement to verify accuracy and make sure it contains all material financial aspects of a transaction. In addition, the listing Realtor is required by the MLS to input Closing Statement data to close out your transaction (mark it as Sold) in the MLS (as the MLS is a main source of data for appraisers and real estate agents who rely on it for correct information). Under TILA-RESPA Integrated Disclosure (TRID), many attorneys and closing agents will be hesitant to share the new Closing Statement with anyone but their client. To facilitate our ability to get Closing Disclosures and Closing Statements directly from a lender or settlement service provider the Florida Association of Realtors created an Authorization Form for consumers, this one (1) page “stand alone” form provides for your express written consent, which gives us authorization to obtain a Closing Disclosure or Closing Statement Form (and any other TRID documents) directly from any of the closing service providers identified (and their representatives).
Once your listing has been made ACTIVE in your local MLS, other syndicated (3rd party) websites take a little bit longer to pull your listing data from the MLS. These syndicated websites can update anywhere from a few hours to several business days to pull data from the MLS.
While we can guarantee and maintain the accuracy of your listing in the MLS, we aren’t able to control the data or format that these websites display their listings.
Don’t worry, we make sure that not only is your listing placed in your local MLS, but that the settings in your MLS listing are set correctly to allow these websites to access the data they need.
What if a buyer that isn’t represented by a Real Estate Agent views my property on a 3rd party site such as Realtor.com or Zillow and wants to schedule a showing or obtain more information?
All buyer leads that we receive will be sent to you to directly work with in a timely fashion via email. If a buyer calls our automated answering service, their message will be recorded and forwarded to you to listen and respond to. If we receive an email from an interested buyer, we will forward that email directly to you.
Please note that some of these syndicated websites allow a potential buyer to pick from a list of agents that have paid a website for leads and other syndicated websites will auto-assign to a specific agent in the area.
Although each of their business models are different in how they disperse these types of leads, you can always count on FlatFeeSells.com to forward all leads that we directly receive to you!
Is it possible to include my contact information on all syndicated sites (Realtor.com, Zillow, etc…)?
When your property is listed in the MLS by a licensed Brokerage (such as ourselves), the regulations for third party sites, such as Zillow, Realtor, etc., do not allow the ability to include the owner’s contact information. Our phone number that displays on these websites is our automatic messaging service and all leads that we receive will be forwarded to you via email, so that you can follow-up directly. Each of these syndicated sites displays our contact information in their own format.
These websites have very clear rules and regulations, since this is how they generate revenue from agents who pay to advertise in particular zip codes or areas and receive buyer leads. As a result, these websites portal’s will assign or forward leads they generate to those buyer agents. The good news is that, since these agents are paying for leads, they are eager to work with those buyers that have contacted them about your property.
FYI – Approximately 90% of the properties sold in Florida are sold by a Realtor.
Rest assured, any lead that we receive, we will forward directly to you.
Absolutely…there is a special section (Realtor/Broker Remarks) of the MLS that is available only by licensed Real Estate Agents who have access to the MLS database, where your information will be entered. We also include specific instructions for them to contact you directly with any inquiries, showings and contract offers. In the event that a realtor overlooks this information, we will ensure that we provide them with the instructions on how to contact you directly. Our goal is to get leads to you as quickly as possible.
Our goal is to save seller’s money and to date we have saved sellers over $3.0 Million in commissions! We do this by keeping our seller’s costs VERY low!
What do you pay? You only pay $97 and you select what to pay a buyer’s real estate broker, who finds you a buyer for your home. We recommend 2% to 3% but some seller’s choose 1%. Whatever % you choose, that is the TOTAL amount of commission that you’re responsible for and only if a buyer is represented by a real estate agent.
What else do we get paid? In addition to the $97 we receive from our seller, we charge a very small commission at closing to the buyer’s real estate broker (never to our seller). For example, on a home sale of $250,000 you may choose to pay the buyer’s broker 3% of the sales price. At closing the buyer’s broker would receive $7,500 and pay us our commission of $399. This commission is common in the MLS and WILL NOT discourage REALTORS from showing your listing. Depending on the sale price of the property we may reduce our additional commission we charge the buyer’s broker. For instance, on a $50,000 sale or a property, we would reduce the commission to $199 we charge the buyer’s broker (again, we NEVER charge you, the seller, a commission).
The only exception is if the listing generated a buyer not represented by a real estate agent, in which case you don’t even pay the buyer broker that 3% ($7,500). We also charge no additional commission since there is no buyer’s broker. In this case, by utilizing our service, you save approximately $7,500 to $15,000 depending on if you sell it with or without a buyer’s broker finding a buyer.
This small commission we charge the buyer’s broker (not you, the seller) pays for quite a few things such as, but not limited to:
- We must manually enter our listings in the MLS which is a time-consuming process.
- We must respond to our seller’s queries, throughout the listing process.
- We monitor phone, email and website for buyers (or their Realtors) inquiries and forward their messages back to our sellers.
- Also, once a contract is in place, our small team must contact any combination of title agents, attorneys, Realtors or buyers to obtain the closing statement and answer any of their questions they may have regarding the property or listing, which inevitably comes.
- We also maintain the proper paperwork regulated by state and federal laws.
- There is also a time-consuming update process we must manually enter in the MLS once your property sells.
Certainly, we do not deserve 3% from selling your property, like a traditional Realtor, but we feel our time has value and again our seller’s do not pay our additional $399 commission as our sellers have already agreed to pay a lot of their home’s equity to a buyer’s broker. This is why we charge a commission to the buyer’s broker, in their offer of compensation, in the MLS.
We are happy to provide our sellers with any and all Real Estate forms, such as contracts, HOA Addendums, Seller Disclosure, Lead Based Paint Disclosures and any other forms you might need…for FREE!
ABSOLUTELY! As a matter of fact, nowhere on your listing does it indicate that you listed with a flat fee listing service. Your listing will be listed under our Brokerage of Like It Realty, which is displayed to buyer agents and brokers. We sell, on average, double the number of properties every month that most agents sell in a YEAR!
Our Real Estate sign offers a professional look and generates many more calls, especially from non-represented buyers, but also lets buyer agents know that your property is listed in the MLS and that a commission is being offered to them. All leads are sent directly to YOU!
A lock box allows realtors easy access to show the property to their buyers (which they love!). We can also enter the lock box code in the MLS, where only licensed realtors will have access to it. This can also save you phone calls with realtors constantly asking for the code.
You can have them shipped directly to you in 2 business days. Click here to get yours now!
A Comparative Market Analysis (CMA) is a resource that Realtors use to evaluate the prices of similar homes (comparables) in your area and to determine the market value. CMAs provide you with an unbiased opinion of your property’s value.
YES! A comprehensive sales contract review is available by one of our licensed and insured agents. The review will be done within 24 hours of being uploaded or emailed to [email protected] and feedback and suggestions will be provided to the client for consideration. This includes a phone consultation of up to 30 minutes.
Click HERE to select this option as soon as you receive an offer on your property! We will help you avoid potential pitfalls that can save you thousands of dollars!
Absolutely!! We encourage the use of any marketing tools that assist in showing your home in the best way! You can either use your own virtual tour or we can provide a virtual tour utilizing the photos that you provide. If you’d like us to review your virtual tour to ensure it’s compliant to post to your MLS listing or you’d like us to create one for you, please click HERE.
Please remember that if you’re providing your own virtual tour, it MUST comply with the requirements of the MLS.
Virtual tours may not contain company logos, commissions, bonuses, contact information, text or graphics of any kind (with the exception of the MLS watermark) in the virtual tour. Only photographs, site plot, property sketch, property line art or survey of the property can be entered in the virtual tour and all photo fields. All content including remarks, virtual tour photos and images must be owned, purchased or licensed by the listing broker/agent, from the content owner. The virtual tour link must be a valid URL and may not contain any Participant/Subscriber names or links to any third party business or social networking sites.
Please feel free to contact us, we’re always just an email or phone call away and we’re happy to assist! You can even chat with us right on our website.
During the sales process, there may be documents requested from you by the buyer. We can provide you with a Resource Library with some common documents and disclosures, that you may be requested to provide after you have purchased your MLS Listing.