Flat Fee Listings generally work the same way a traditional listing does. Real estate agents in Michigan typically charge 6% to list your property, 3% goes to the listing agent and the other 3% goes to the buyer’s agent. If you’re selling a property for $300,000, that’s a whopping $18,000 in commissions.
With our Flat Fee Listings, you pay a flat fee upfront instead of the 3% listing commission. You choose how much commission you want to offer a buyer’s agent (1-3%). You save THOUSANDS and keep more of your hard earned equity.
- Choose the listing option that works best for you. We offer a Do-It-Yourself and Full Service listing options.
- The required paperwork is generated online.
- All owners electronically sign the paperwork.
- You email your property photos to us.
- We list your property on the MLS.
- You will be contacted by buyers and agents to show your property.
- Depending on the type of listing you choose either you take care of the rest of the sale process or we do.
We actually get this question a lot and the answer is YES! There is NO law or regulation in Michigan that says Realtors must charge a 6% commission or any set amount to list a property. What an agent charges to list a property is completely up to the owner/broker. Flat Fee Listings may be new to some but they have actually been around for over 20 years. With the increasing use of the internet, Flat Fee Listings have become more and more popular over the last few years.
Watch this short video clip from an episode of 60 Minutes that aired back in 2010 about Flat Fee Listings.
The MLS (Multiple Listing Service) is used by licensed agents and brokers to share their listings with each other. The MLS feeds data directly to hundreds of websites nationally including Realtor.com, Zillow and Trulia as well as local Realtor websites like RE/MAX, Century 21 and Keller Williams. Being listed on the MLS exposes your property to literally thousands of potential buyers everyday.
No other form of marketing or advertising can give a property for sale more exposure than being listed on the MLS.
We cannot guarantee that a property will sell. There are factors beyond our control that could affect the sale of a property including price, location, condition, photos, current market, and/or buyer’s agent commission. Most of these factors are determined by you (the seller).
No other form of marketing or advertising can give a property for sale more exposure than being listed on the MLS and being exposed to thousands of buyers everyday.
Yes, but many of them share data with each other. All listings from each MLS feed data directly to Realtor.com, Zillow and Trulia as well as hundreds of other websites both locally and nationally regardless of which MLS your property is listed on.
CONTACT US if you have any questions about MLS coverage.
Yes, we are a licensed brokerage located in the state of Michigan by the name of Modern Way Realty, license #6505410245.
We are not a referral service. We only list properties in the state of Michigan where we are licensed.
BEWARE OF COMPANIES THAT OFFER FLAT FEE LISTINGS IN MICHIGAN BUT ARE LOCATED IN ANOTHER STATE
These companies charge you for the listing but then must refer your listing to an agent that is licensed in Michigan who can list it on the local MLS. You have no idea who your listing will be referred to or what kind of job they will do for you. We are not a referral service. You deal with us directly from listing to closing. We only list properties in the state of Michigan where we are licensed.
Yes, we can list properties from anywhere in the state of Michigan.
All listings from each MLS feed data directly to Realtor.com, Zillow and Trulia as well as hundreds of other websites both locally and nationally regardless of which MLS your property is listed on. We can list properties from anywhere in the state of Michigan even if the property is located outside of our MLS coverage area.
CONTACT US if you have any questions about MLS coverage.
We offer Flat Fee Listings for residential properties for sale or rent/lease which includes: single family homes, condos, manufactured homes on private land, multi family homes with 2-4 units, vacant land.
WE DO NOT LIST MANUFACTURED HOMES IN PARKS/COMMUNITIES OR COMMERCIAL PROPERTIES.
We do not offer Flat Fee Listings for commercial properties.
We offer Flat Fee Listings for residential properties for sale or rent/lease which includes: single family homes, condos, manufactured homes on private land, multi family homes with 2-4 units, vacant land.
WE DO NOT LIST MANUFACTURED HOMES IN PARKS/COMMUNITIES OR COMMERCIAL PROPERTIES.
Yes, we can list residential properties (single family homes, condos, manufactured homes on private land, apartment, vacation rentals, rooms for rent) for rent/lease.
WE DO NOT LIST MANUFACTURED HOMES IN PARKS/COMMUNITIES OR COMMERCIAL PROPERTIES.
If you are comfortable selling on your own, we offer a Do-It-Yourself listing option. We list your property on the MLS, then you are responsible for the entire selling process from the showings all the way to the closing.
If you are unsure of the selling process and/or prefer professional assistance, we offer a Full Service Listing option.
We guide you through the entire sale from listing to closing just like a traditional agent would but for a fraction of the cost.
- We provide you with a dedicated agent and full agent support.
- We assist you through the entire process from listing to closing
- We review all offers with you and advise you on how to respond.
- We negotiate offers on your behalf.
- We take care of all the offer/closing paperwork.
- We coordinate the sale to closing.
- We Order/Review your title work.
- We advise you on inspection and appraisal issues.
- We schedule the closing.
- We review closing docs.
We offer a Comparable Market Analysis which is included with a Premium Listing upon request or can be purchased separately for $35.
We provide you with a Comparative Market Analysis comparing properties similar to yours by size, age, and features in the same area that have recently sold to help you determine a fair and reasonable selling price for your property.
Comparative Market Analysis includes:
- What properties similar to yours are selling for.
- Comparisons of your property to recently sold properties for size, age, and features.
- How long it’s taking for the comparable properties to sell.
- The sale price of comparative properties in relation to the listing price.
NOT AVAILABLE FOR RENTAL PROPERTIES
Yes, you will be required to fill out and sign a Listing Agreement, Agency Relationship Disclosure, MLS Data Sheet, Seller’s Disclosure Statement, and Lead-Based Paint Disclosure.
All of these forms are generated online then emailed to each owner for their electronic signature. All owners must sign the required paperwork before we can list the property on the MLS.
Your listing on the MLS does not show how much you paid us to list your property only what you are offering an agent who brings you a buyer. Your listing will look identical to all the other listings on the MLS.
Buyer’s agents don’t get paid until their buyer closes on a property. All buyer’s agents want to find a property for their buyer as quickly as possible so they can earn their commission. If a buyer wants to see your property, their agent will show it to them.
Price changes and status changes are included with all listings and can be requested anytime.
Other changes (besides price and status) including changes to your listing or photos once your property has been listed on the MLS (unless we made an error which we will correct immediately) is an additional fee.
