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Home >> Real Estate

Flat Fee Real Estate Can Save You Thousands
By: Adam Waxler

Buying or selling a house in today's market is a difficult task. Not too long ago when the market was hot you could stick a "for sale" sign on your lawn and have your house sold within just a few hours. This is certainly not the case any longer...

Now, if you really want to sell your house, you have to be listed in your regional MLS. It's estimated that 90% of all homes sold in the country are listed in MLS. This enables your house to be looked at by the most people looking for a home including other agents and their customers.

Fortunately, sellers have got a couple of possibilities to get their home listed in MLS...

One possibility is to use a realtor. Yet, in doing so you will have to pay around 6% of the sale price in real estate commissions. Based on your sale price this may be thousands of dollars.

One other option, that is becoming a lot more common, is to use a flat fee real estate agency.

If you select a flat fee real estate service, you only pay a one-time flat fee in order to have your house listed in MLS. Most flat fee real estate services cost anywhere from $299 to $799. That is a sizeable savings over the 6% you'd be paying to a real estate agent. Consider though, using a flat fee real estate service, while you might get extras such as a "for sale" sign, lock box, and also listing brochures, you won't have anybody doing open houses or any other type of advertising and marketing for you. Thus you become a FSBO or "for sale by owner".

The advantage of utilizing a flat fee real estate program is you could save yourself anywhere from 3% to 6% in real estate commissions. You still must pay any agent who brings you a buyer (the buyer's agent) their own share, typically 3%, but if you get a buyer on your own you will not need to pay any commission at all.

Consider that... if you are using a flat fee real estate company and sell your house for $250,000 you save anywhere from $7,500 to $15,000 in real estate commissions. That's a serious saving by anyone's standards.

If you would like to use a flat fee real estate service to save yourself thousands of dollars when selling your Lakewood Ranch home then be sure to contact uKeepCommission Real Estate. Just visit www.uKeepCommission.com or call 941-465-9207 for more details.

Read More From Adam Waxler

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