Are you ready to sell your home in Minneapolis, MN? MLS flat fee listings are the least expensive means of selling your home. You do not have to pay large commission-based realtor fees to benefit from premium realtor services. Instead, you can enlist the services of an MLS flat fee listing company.
What Is an MLS Flat Fee?
An MLS flat fee refers to a fixed charge that you, the home seller, will pay a real estate agent or broker. Typically, home sellers must pay a percentage-based commission. The percentage is based on the final sale price of your home. For example, a 5% commission on a final sale price of 500 thousand dollars is approximately 25,000 dollars. However, with an MLS flat fee, you will pay a flat fee regardless of your home’s sale price.
How Much Is an MLS Flat Fee?
The cost of an MLS flat fee listing in Minneapolis, MN, varies among agents and brokers. Generally, you should expect to pay between three and five thousand dollars. You may also be required to put down a deposit. For example, if the fee is 3,500 dollars, the company may require you to pay 600 dollars upfront and pay the rest once you sell your home.
What Are the Benefits of an MLS Flat Fee?
There are many benefits of an MLS flat fee listing in Minneapolis, MN. The primary benefit of an MLS flat fee listing service is the cost. The flat fee cost is much less than the commission-based costs of using a realtor or broker. As discussed previously, commission-based costs average around three to five percent. Five percent of 500 thousand dollars is 25 thousand dollars. Twenty-five thousand dollars is a lot more money than an MLS flat fee. Flat fee services also include the same opportunities as commission-based services. Agents will list your home, handle the paperwork, and sell your home for the best price possible as fast as possible.
