Flat Fee MLS 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 MLS Listings, you pay a flat fee upfront instead of the traditional 3% listing commission. You choose how much commission you want to offer a buyer’s agent.
You save THOUSANDS and keep more of your hard earned equity.
- Choose the listing option that works best for you. We offer Do-It-Yourself and Full Service listing options.
- The required paperwork is generated online.
- All owners/owner representatives 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 MLS Listings may be new to some but they have actually been around for well over 20 years. With the increasing use of the internet, Flat Fee MLS Listings have become more and more popular over the last few years.
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).
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, Modern Way Realty is a licensed brokerage located in the state of Michigan, 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 MLS 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 our MLS coverage area.
We offer Flat Fee MLS 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, and vacant land.
WE DO NOT LIST MANUFACTURED/MOBILE HOMES IN PARKS/COMMUNITIES OR COMMERCIAL PROPERTIES.
We do not offer Flat Fee MLS Listings for commercial properties.
We offer Flat Fee MLS 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, and vacant land.
Yes, we can list residential properties (single family homes, condos, manufactured homes on private land, apartment, vacation rentals, and rooms) for rent/lease.
WE DO NOT LIST MANUFACTURED/MOBILE HOMES IN PARKS/COMMUNITIES OR COMMERCIAL PROPERTIES.
Most Buyers will still expect the Seller to pay the Buyer Agent Commission.
Some agents will avoid showing your property to buyers if there is no commission being offered or the commission is low.
If you are comfortable selling on your own, we offer Do-It-Yourself listing options. 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 Full Service Listing options.
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.
A Comparable Market Analysis Report may be included with some of our listing options or can be purchased separately.
We provide you with a comprehensive Comparative Market Analysis comparing properties similar to yours based on size, age, and features in the same area that have recently sold to help you determine a fair and reasonable list price for your property.
VIEW A SAMPLE COMPARABLE MARKET ANALYSIS
Comparative Market Analysis Report includes:
- Map of Comparable Properties
- Summary of Comparable Properties
- MLS Listing with Photos for each Comparable Property
- Comparable Property Statistics
- Sold Property Analysis
- Time to Sell Analysis
- Sale Price in Relation to List Price Analysis
- Suggested List Price range
NOT AVAILABLE FOR RENTAL PROPERTIES OR MANUFACTURED/MOBILE HOME IN PARKS/COMMUNITIES
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/owner representative for their electronic signature. All owners/owner representatives must sign the required paperwork before we can list the property on the MLS.
You can make as many changes as you need to prior to the property being listed on the MLS.
Some of our listing options may include unlimited listing changes or unlimited listing price changes which can be requested at anytime.
If your listing option does not include these unlimited changes, you can pay a fee to make changes to your listing once the property has been listed on the MLS.
OUR COMPANY
Modern Way Realty, LLC | Michigan License #6505410245

