If you are selling your home, you must’ve come across something is known as MLS. A multiple listing service or MLS is essentially a database containing a list of for-sale homes. The most significant advantage of MLS is the expedited sales procedure. Usually, you need a licensed real estate agent to list a home on MLS. However, there are ways to list a house on MLS without involving a realtor. This is when Houzeo’s flat fee MLS service comes in handy. Using this platform will help you sell faster, but you will also be able to save money spent on the agent’s commission. This article will explore how MLS works and how you can get your MLS listing in 2022 without a realtor or real estate agent. Let’s dive in.
What is a multiple listing service?
An MLS or a multiple listing service is essentially a database managed by brokers which contains information about for-sale properties. The main objective of an MLS is to connect buyers with sellers. If you post a ‘for sale’ sign in front of your house, you can get potential buyers. However, a multiple listing service goes one step further, as it allows you to market your listing to a broader audience. Ultimately, both parties (buyers and sellers) can benefit from sharing information, and the property would be able to sell faster at a profitable rate.
Listing your property on MLS can have many advantages (which will be discussed later in the article). However, the question still remains – how to list on MLS. This is what we will aim to answer in the following section.
How to list your property on MLS in 2022
So you have decided to add your listing on an MLS, but you wish to do it without paying a high fee (commission) to a realtor. In such a situation, you can benefit from working with a flat fee MLS agent. With a flat MLS service, you do not have to pay a hefty agent commission. You know how much the service will cost you to list your property on MLS.
The fact of the matter is that it can be pretty challenging for home sellers to add their property to an MLS. Taking the FSBO (For Sale By Owner) route can benefit the home sellers. A flat fee or entry-only MLS service is very different from a traditional realtor’s service. A state-licensed real estate agent will assist home sellers in acquiring access to the MLS platform and, ultimately, lead generation through this service. They charge a one-time, flat fee for the purpose. This agent will only provide you with MLS entry-only services, which means you retain all the property rights.
The Procedure: For listing your home on MLS using a flat fee service, you must collate the necessary documents and information about your home. In addition to this, you would also need to take some pictures of your home. Therefore, all you have to do is pay for the flat fee MLS service and provide the platform with all the relevant information. Here is a summary of all the steps involved in the process –
- Step 1: Collect all the relevant information about your home.
- Step 2: Take photographs of your home, including the essential features and all the rooms.
- Step 3: Register your account with the flat fee MLS service provider.
- Step 4: Choose a flat fee MLS service plan.
- Step 5: Review the contract and pay the fee.
- Step 6: Complete the MLS paperwork online.
- Step 7: The service provider will add the listing.
Since there is a fee arrangement from the start with the MLS service provider, you know exactly what you are getting yourself into as a home seller. You can be sure that there will be no additional costs for the service besides the fee. An MLS listing will help market your home to buyers online through various websites like Trulia, Zillow, Redfin, Realtor, and more.
The benefits of flat fee MLS service in 2022
When you list your home using a flat fee MLS service provider, you can derive benefits in many ways, primarily in the area of cost. When you use a realtor for your listing, you would have to sign over a part of the price to the realtor in a commission. This commission can sometimes run into tens of thousands of dollars, which can be a lot of money leaving your pocket. With a flat fee MLS service, you could end up saving substantially. However, you might still have to pay the commission for the buyer’s agent in some cases.
Listing money on the MLS will help you save money and make it easier to sell your home faster. Here is an overview of the benefits of using an MLS service in 2022 –
- Greater exposure: An MLS listing will highlight your property in the market and increase its exposure. The property posted in the MLS listing will appear on most major real estate websites, which will make it easier for people to find your listing. In addition to this, the realtors would direct most of their clients to your property.
- Access to the buyer agent market: Most home sales require buyer agents, and the easiest way to access that market is through MLS listing. When your property is added to the MLS listing, your listing will be viewed by a greater number of real estate agents, and this means that more buyer agents will be able to work towards the completion of the sale.
- Profit maximization: It has been found that properties listed on MLS usually sell much faster than those not in the MLS listing. Greater access to the market means receiving more money by selling the property. At the same time, you are saving money lost on commission.
Conclusion
With this, we have answered your question – how to list on MLS in 2022? If you are looking for a sale by owner, flat fee MLS platform for listing your house, Houzeo is the right choice. With cutting-edge technology and fast listing procedures, they are one of the best in the United States for flat-fee MLS services. To know more, you should check out Houzeo reviews and contact them today!
