When you are considering selling your home, you may contemplate several venues for exposure. The local newspaper, real estate books, and online are all possible places you may list your home. In this technological age, more and more are turning to the internet as an advertising venue. Why not? You gain maximum exposure this way. On the internet, one of the most popular ways of listing your home is to use what is called a MLS (Multiple Listing Service).
The Multiple Listing Service, or MLS, is a service that broadens the ability to sell a home. The idea of this service began in the late 1800s. Since then, it has evolved drastically. In the 1970s, the MLS was printed monthly with updates weekly. The bad part about this was that the book was rather large, heavy and unpractical to carry around. Now that the MLS is on the internet, it is much more practical and can be accessed from pretty much anywhere. Typically however, only real estate agents have access to promote these listings. For this reason, it is thought that you must hire a real estate agent and be subject to their commission fee which is usually a percentage off the sale of your home. This is not always true, at least now days.
Now you have other options available. There are “flat rate” options available. These listings provide all the same benefits while saving the majority of commissions usually paid when selling a home. The “flat rate” includes professional advice on how to show your home, opinions on the value of your home with comparisons, listing on the MLS, and assistance throughout the entire selling process (including negotiation). No matter what the final sale price winds up being, you know exactly how much you are paying to your realtor. The predictability of this type of contract could help to put you at ease through a complicated and sometimes stressful process.
The Flat rate MLS program could be the way to go for you if you are trying to sell your home with minimal headaches. The professional assistance coupled with the maximum exposure you receive could prove to save you thousands.
Garry Samec is a professional realtor covering the Toronto real estate market and offering low fee MLS access while still providing full realtor support through-out the entire buying or selling process.