WHY PAY 6% IN COMMISSIONS WHEN YOU CAN GET THE SAME RESULTS FOR A FRACTION OF THE COST?
Our Flat Fee MLS Listings work the same as traditional listings. Real estate agents in Michigan typically charge 6% to list a property on the MLS (3% goes to the listing agent – 3% goes to the buyer’s agent). A $300,000 property typically costs a seller $18,000 in commissions. With our MLS Flat Fee Listing, you pay a small flat fee instead of the 3% listing commission.
WE PUT YOU IN CONTROL OF YOUR LISTING
You choose the type of listing and features that work best for you (Do-It-Yourself or Full Service) and 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.
WHAT IS A FLAT FEE LISTING?
A Flat Fee Listing is just as the name implies. Instead of paying the listing agent a commission at closing, the seller pays a flat fee upfront.
Not all companies that offer Flat Fee Listings are created equally. Beware of companies that are located outside of Michigan but offer listings in Michigan and other states. These companies charge you for the listing but then they must refer your listing to an agent that is licensed in the state of Michigan who can list it on the local MLS. You have no idea who your listing will be referred to or what kind of service you will be getting from that agent. 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.
Most Flat Fee Listing companies do not offer full service listings. We offer both Do-It-Yourself listing options and Full Service listing options. With our Full Service listing options, we do almost everything a traditional agent does for a fraction of the cost.
THINGS TO CONSIDER BEFORE CHOOSING A FLAT FEE LISTING SERVICES:
- Where is the company located? If they are not located and licensed in Michigan, they cannot list your property on the local MLS in Michigan. They must refer your listing to a licensed broker in Michigan.
- Do they offer Full Service Listings? If not, you will be responsible for all the duties required to sell your property once it’s listed on the MLS. This is likely one of the largest transactions of your life. It is extremely important to be familiar with the laws and the process or to have someone with experience assisting you.
- How much experience do they have?
- Are they members of the National Association of Realtors and Michigan Realtors?
- Is there website easy to navigate and informative?
- Do they have an online presence?
- Do they have good reviews on reliable sources other than their own website like Google and Zillow?
Modern Way Realty meets all of the above criteria and more!
If you have any questions or need additional information, please feel free to CONTACT US. We are available 7 days a week to assist you.
ARE FLAT FEE LISTINGS LEGAL?
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 several years.
Watch this short video clip from an episode of 60 Minutes that aired back in 2010 about Flat Fee Listings.
WHY SHOULD YOU LIST WITH US?
- We are not a referral service. You deal with us directly from listing to closing.
- You choose the type of listing (Do-It-Yourself or Full Service) with the features that works best for you.
- You choose how much you want to offer a buyer’s agent (1-3%).
- Your property is listed on the MLS and hundreds of websites including Realtor.com and Zillow.
- Your listing is exposed to THOUSANDS of potential buyers everyday.
- YOU SAVE THOUSANDS!
Most listing agents will do little more to market your property for sale than list it on the MLS.
WHY PAY 6% IN COMMISSIONS WHEN YOU CAN GET THE SAME RESULTS FOR MUCH LESS?
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.
- We advise you on responding to offers and counter offers.
- We negotiate on your behalf to get you the best possible deal.
- 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 your closing.
- We review your closing docs.
HAVE QUESTIONS? CONTACT US
We are available to assist you 7 days a week.
Modern Way Realty, LLC | Michigan License #6505410245
© copyright 2023 Modern Way Realty | ModernWayRealty.com | All rights reserved.
Michigan REALTORS® | National Association of REALTORS®
WHAT IS A FLAT FEE MLS LISTING?
We list your property on the Michigan MLS & Realtor.com for a small Flat Fee. No Hidden Fees. Our Flat Fee MLS Listings save sellers thousands.
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