Want to know the best kept secret traditional 6% commission Real Estate Agents don’t want you to know. As a Seller you now have access to one of their greatest tools, without paying the exorbitant commission. What is the best tool for selling your home? The MLS or Multiple Listing Service! Through it your property can gain exposure to thousands of local Real Estate Agents who have serious buyers waiting for a property just like yours.
The MLS is an incredible database of all homes listed in you local area, including features, pricing, contact information and pictures. Every Real Estate knows that listings in the MLS get results!
Now you can have your property featured in the MLS for a fraction of what a traditional Real Estate Agent would charge you in commissions. Some Real Estate Agents now charge a low Flat Fee, as low as $299 to list you home and include the listing in the MLS. With a Flat Rate MLS Listing, the only commission you pay is to the Buyer’s Agent. The commission you offer a Buyer’s Agent, can be as low as 2%, so typically a Seller who takes advantage of the Flat Fee MLS REALTOR can realize savings of about 50% on the total commission due at closing.
Your home is probably your greatest investment, so when you decide to sell you should make solid decisions that will yield the best return for your investment. You need a way to market your home to the greatest number of qualified buyers quickly and efficiently, as well as inexpensively.
Your Local Real Estate Agent would certainly offer you such a service, but would it be inexpensive? Hardly, the average Real Estate commission in New Jersey is a whopping 6%. So for example on a $300,000 selling price you would be paying your Real Estate Agent $18,000! This sum would be split 50% to the Listing Agent and 50% to the Buyer’s Agent.
What would 18,000 buy you exactly? Basically a listing on the MLS or Multiple Listing Service. Why? Because the MLS is any Real Estate Agents best tool for selling properties quickly and efficiently. The MLS is a powerful and remarkable selling tool in
New Jersey, and has been a sure fire success formula used by Real Estate Agents for decades. It’s a fact: 70% of all homes are sold as a direct result of the MLS system’s enormous targeted exposure.
The MLS is an extensive database of properties currently listed by local Real Estate Agents. In addition, many homes in the MLS also get exposure through other sites linked to the MLS, like Realtor.com (not all properties are featured on these other sites).
Through the MLS your property can gain the biggest marketing advantage. When a potential buyer contacts a Real Estate Agent regarding a home purchase, that Realtor will search the MLS for properties meeting that buyer’s specific criteria.
The MLS is a tool available exclusively to the 950,000 members of the National Association of Realtors, so the only way that you could take advantage of this useful tool in the past, was to list your property with a traditional Real Estate Agent and pay full commission.
Now there is a better way! The Flat Fee MLS program.
Now you can contact a New Jersey Flat Fee MLS Real Estate Agent in your area and save half the commission. How does Flat Fee listing work? For a Flat Rate as low as $299 the Real Estate Agent will list your home on the MLS, giving you the full benefits and exposure to the market as if you were paying full commission. You will only need to offer a commission to the Buyer’s Agent who will be the one to find buyers for your home. Typically this ranges from 2% to 3% commission.
With favorable low mortgage rates, home sales in New Jersey continue at a strong pace.
Great news for NJ home sellers as well : The average NJ home price continues to climb!
What does this point to? This is still a seller’s market. In every NJ county covered by the MLS, the asking price or listing price versus the price sold falls within 96% to 98% on average. How can NJ home sellers take advantage of this trend?
Advertising on the MLS for a Flat Fee could save you thousands of dollars. For example, for that same $300,000 property sale, you would only pay the $299 Flat Fee + 2% to the Buyer’s Agent, for a total amount of $6299. That’s a savings of $11,701 from the previous example! Now you don’t have to give up a lot of your equity just to sell your home, the Flat Fee MLS Listing is the way to get the best return for your investment.
Courtesy of First Uniliance This site, sell-by-owner.com, is an independently owned website and "is not" the official website of the New Jersey Multiple Listing Service. No claim is made to the exclusive right to use “MLS” or “MLS for Less” apart from the mark as shown. This website displays data that has been downloaded from various sources that we believe to be reliable. However, the possibility of typographical errors does exist and errors should be expected. Please verify all information with the appropriate real estate professional before making any decision based on the information contained herein. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
