As a homeowner, listing your property can be a complicated process. The idea of paying real estate commissions looms large as well. Save more of your money with the benefits of flat-fee listings. And, if you are doing so within Chicagoland, find a way to support a local business while getting better support.
Many homeowners are discovering the benefits of listing their homes with flat-fee agents, who offer a more affordable and flexible alternative to traditional real estate agents. With a flat-fee listing, you can save thousands of dollars in commissions and retain more control over the sales process. But that’s just the beginning. In this article, we’ll explore the many benefits of flat-fee home listings and why they could be the perfect solution for your home-selling needs. So, get ready to say goodbye to high commissions and hello to a more affordable, efficient, and satisfying home-selling experience.
What Is a Flat-Fee Listing?
Before you even think about the benefits, you may ask yourself, “What is a flat-fee listing?” This real estate service allows homeowners to list their property for sale on a Multiple Listing Service (MLS). Plus, they can do so for a one-time fee, rather than paying commission as they would in traditional real estate.
There is a database of properties used by real estate agents to search for properties to show their clients. Each property is listed by real estate brokers or agents who are members of the MLS, so members of the public do not have direct access. The listing typically includes basic information about the property, such as its location, size, number of bedrooms and bathrooms, and price.
Once the home is listed on the MLS, interested buyers’ agents can find the property and show it to their clients. The homeowner handles all aspects of the sale, including marketing, negotiating, and closing the deal.
The Benefits of Flat-Fee Listings
Let’s face it, selling your house is stressful no matter how you do it. And now that we are beyond the question, “What is a flat-fee listing?” there are plenty of factors to consider when thinking about the benefits of each real estate option. When it comes to the benefits of flat-fee listings, there are two aspects that really stand out. So, let’s take a closer look.
Save on Commission
The main benefit of flat-fee house listing is that it can save homeowners money on commission fees. These commissions are typically paid to a traditional real estate agent when selling a property. But in flat-fee listings, the homeowner pays a one-time flat fee to have their property listed on the Multiple Listing Service (MLS).
By paying a flat fee, homeowners can potentially save thousands of dollars in commission fees. This can be particularly beneficial in a hot real estate market where properties may sell quickly and for a high price. After all, the more your home sells for, the more that commission will be. Additionally, homeowners who choose a flat-fee listing service may have more control over the sales process and can be more involved in marketing their property and negotiating with buyers.
If You Want Something Done Right…
Flat-fee house listing can be a good option for homeowners who are comfortable handling the sales process themselves or who have experience in real estate transactions. This flat-fee MLS process gives more flexibility – in terms of marketing, pricing, and negotiating.
When a homeowner has more control over the sales process, they can be more involved in the marketing and presentation of the property. This can be particularly important if the homeowner has a strong attachment to the property or has put a lot of time and effort into making it a unique and attractive space.
Additionally, when a homeowner is involved in the sales process, they can meet the potential buyers themselves. They have the opportunity to interact directly and develop a more personal connection with buyers. This can be particularly beneficial if the homeowner is looking for a buyer who shares their values or has a specific vision for the property.
A Small Caution
It’s important to note that flat-fee listing services can provide limited support and guidance to homeowners, so it may not be the best choice for those who are unfamiliar with the sales process. The same can be said for individuals who may not have the bandwidth to be hands-on with the sales process. As a result, homeowners who choose the flat-fee MLS option should be prepared to handle all aspects of the sale themselves or hire an attorney or real estate professional to provide additional support and guidance. This is why Prello is a great option for you. We provide premier full service to all of our clients.
A flat fee real estate agent is a licensed real estate professional who charges a flat fee for their services instead of a commission based on the sale price of the property. Typically, this fee covers a set range of services, such as listing the property on the Multiple Listing Service (MLS), providing marketing materials, and handling negotiations and paperwork.
For the most part, flat-fee realtors tend to be fairly hands-off. They are typically nationwide, and even online entities. Plus, many tend to outsource their support outside of the US. However, locally-based flat-fee realtors can provide extra benefits. Not only are you supporting your local economy, but you can get more direct service.
Local, Chicago Flat-Fee Realtors
Overall, flat-fee house listing can be an attractive option for homeowners who want to save money on commission fees. This is also beneficial for those who are comfortable handling the sales process themselves or with limited support.
When you’re looking to sell your home using flat-fee MLS in Chicago, Prello Realty is the place to go. Chicago native and DePaul graduate Robert Picciariello created Prello Realty with two main points in mind. First, he wanted to preserve the equity of homeowners. And second, he wanted to provide a higher level of customer service than he saw in the flat-fee MLS field. Since 2001, Prello Realty has successfully merged these ideas to support the Chicago community. Touting benefits from licensed professionals to a home office in Chicago, Prello Realty is the best option for flat-fee listings.