Archive for the ‘home selling ideas’ Category

Flat Fee MLS

Flat fee MLS listing gives home sellers an cost-effective method for reaching the most home buyers. A listing in the Multiple Listing Service (MLS) is the best advertising a seller can get. Over three quarters of properties sold nationwide sell through the MLS system. The MLS is to real estate what a stock exchange is to securities.

Getting listed on the MLS wasn’t always as easy as one might suspect. To be able to post property listings in the MLS you must be a licensed real estate broker. Licensing is required in order to gain membership to the MLS. Additionally, most MLSs require membership in the National Association of Realtors® the trade organization for real estate agents and brokers. In the past, a property seller had no alternative other than paying a commission of 6% of the property’s value to a real estate broker in order to gain access to the MLS.

With the advent of the Internet, information about real estate for sale or lease became more readily accessible to consumers. Real estate brokers have come to realize that they no longer control the access to property for sale and lease information in the way they once had. In order to remain viable many real estate brokers have migrated to the Internet and begun offering ‘a la carte’ real estate services and products. One of those services is a listing on the MLS.

Now Internet based real estate companies like Bloomkey.com offer by owner real estate sellers low cost, flat fee real estate selling tools and services including an introduction to flat fee brokers who can provide advertisement in the MLS for a flat fee. With a flat fee MLS only listing on the MLS, by owner home and property sellers handle all other aspects of the sale for themselves while being able to gain access to the valuable pool of ready buyers only available through the MLS. That way they can keep control over their entire real estate transactions, including when the property can be shown, while retaining far more of their home’s equity than sellers paying a full commission to traditional real estate brokers.

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fizzbo FSBO for sale by owner house by owner

You hear a number of terms to describe selling your home on your own but what it really means to you is saving money. And, of course, the sense of accomplishment that comes from doing something on your own that requires going out of your comfort zone. Selling for sale by owner is a great way to do both.

Imagine yourself selling on your own; never being required to give up 6% of your home’s equity again; seeing your neighbors in awe of how you’ve accomplished a sale in a down housing market; your sense of accomplishment at having acheived your goals. Try FSBO – you’ll be glad you did!

FSBO sellers get the chance to learn something about their largest investment that home owners who simply turn everything over to a Realtor don’t get. It’s funny that people will take the time to learn about their latest gadget, but when it comes to their most important asset they’d rather not delve too deeply. Perhaps its the idea that selling a home by owner is too complex or that financial transactions are better handled by full-time professionals.

While there is a certain level of complexity involved, thousands of home owners successfully sell their homes every year. And, those who do take the time to learn about the process save, on average, over $6,000! There aren’t too many places you can earn $6,000 in just a few months so maybe it’s worth considering the ‘for sale by owner’ route.

No longer is it an ‘all or nothing’ proposition to sell a house by owner. Today there’s a wealth of information available on the Internet to assist in navigating the real estate transaction. Additionally, there are a number of online companies that provide varying levels of real estate brokerage assistance so that FSBO home sellers can pick and choose which services they need in the event that the process becomes more complicated than anticipated. And, as far as marketing is concerned, online flat fee companies provide the same level of access to the market as that of full-time professional real estate agents and brokers.

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When you need a Quick Sale in Real Estate

What’s the most important factor in getting a quick sale in real estate? Most people will sale ‘Price’. But what’s often overlooked is ‘marketing exposure’. When you need a fast sale you must let the greatest pool of potential buyers know that your property is on the market. Higher exposure means higher demand and a faster sale.

Home SoldBut how can you accomplish letting people know you’re home’s on the market if, say, you don’t have a lot of equity in your property or, as is the case in many home sales today, you’re facing foreclosure?

Over the past few years, the Internet has given rise to a number of online real estate companies that can provide your home or property with the marketing exposure you need without having to ‘pay an arm and a leg’. A ‘Quick Sale‘ sale home selling program involves getting your property listed on the leading real estate websites such as Realtor.com, Zillow.com, Trulia.com, Bloomkey.com etc. Today millions of home buyers use the Internet when searching for a home. Online home search has replaced the real estate agent as the number 1 method of finding a home for many buyers.

So, if your’re looking for a quick sale in real estate, find a company that can place your property on the Internet’s top websites. Companies such as Bloomkey.com provide RSS feeds to the leading real estate portals for a low, flat fee. Instead of paying a listing commission to a real estate agent and giving up what little equity their may be left in your home, consider alternatives for getting your home the most marketing exposure. And, don’t forget to price your property competitively!

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FSBO on Realtor.com?

A real estate market like this makes many home owners wonder if selling with a Realtor® is even possible. With housing prices going backwards, after paying the expenses associated with selling, there’s just not a lot of equity left over. In a lot of cases paying a commission of 5-6% means not only giving up equity, but bringing money to the table.
FSBO Realtor.com
Now there’s a way to reach the market without having to give up a big chunk of your home equity. Realtor.com is the nation’s leading real estate portal boasting over 6 million monthly visitors. Until recently, the only way to have your home listed on Realtor.com was to list with a real estate agent and pay a commission. Now, several online real estate companies have opened access to Realtor.com to For Sale by Owners (FSBO) property sellers without having to pay a listing commission.

Bloomkey.com is one company that provides a FSBO Realtor.com package for property sellers. For a one-time flat fee, bloomkey provides access to Realtor.com as well as a number of leading real estate websites and portals. You can start by entering your property information online and uploading photos of your property. Then, if you want, you can provide Video and Audio tours of the property for added exposure.

In today’s market, exposure is critical. Internet listing is a great way to promote your property and listing on Realtor.com and other top websites is the best way to ensure that the largest group of potential buyers sees that your home is for sale

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Selling Your Home By Owner During the Holidays

The holiday season presents a unique set of challenges and opportunities for the ‘for sale by owner‘ home seller. While a majority of sellers want to wait until the Spring market to sell their home, selling during the holiday season can prove to be a smarter way to obtain a sale in a down market. Selling against the market when everyone else is off the market can work to your advatage, (just ask Warren Buffet). Consider the following:

Now is the time of year when many homes show their best having been cleaned and decorated for holiday guests. Granted, fewer buyers are looking this time of year, but the ones that are are certainly more serious and motivated. And, there’s less competition for available buyers since most sellers don’t want to hassle with having their homes shown during ‘vacation’ days. Odds are it will take fewer showings to find a buyer for your home during the winter holidays. And, with less competition, you may even find yourself selling for more!

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Are all flat fee MLS listing websites the same?

If you’re considering listing with a flat fee listing service, you may believe that cost is the most important factor. After all, what you really want is a listing in the MLS to gain more exposure for your property and you don’t really care which company gives it to you, right?

Studies now show that you may want to reconsider. The success of for sale by owner’s who chose ‘flat fee MLS’ listing over traditional agents is directly tied to the support and service level of the firm providing the MLS listing.

Need an analogy? It’s like the difference between the big box hardware stores and the smaller customer-friendly hardware stores. The big box will sell you the tools, but don’t ask the salesperson on the floor for instructions on how to use it. If you want that kind of friendly support you’re better off at the smaller store. You may pay a few bucks more, but you know it’s worth it because without their support and advice you’d be paying a professional much, much more to do the job.

When you’re talking about saving $10,000+ on your house sale, is paying $100-$200 more something you should haggle over? Especially if it means the difference between just ‘listing’ your house for sale or actually ‘selling’?!!

With a ‘flat fee MLS listing’ you have the tool. But do you know what to do with it and are you getting the most out of it? What if something unexpected comes up? Most online flat fee real estate websites will sell you the part. But only a few know that you need more than just a listing in the MLS to acheive a sale in today’s market. For instance, companies like Bloomkey provide an online real estate transaction platform with virtual and live support that not only makes the home selling process smoother, but also provides you with an extensive array of online tools, guides, tips and tactics to make your home selling experience successful. Having a company that has the experience and provides you with ALL of the support you need, having helped thousands of sellers successfully sell their homes, becomes much more important in light of your largest investment transaction.

So the answer to title question is… No, not all online flat fee MLS listing firms are the same. As always, be selective and ask lots of questions.

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