People face different challenges when they are trying to sell their home. Some of these challenges include evaluating market conditions, choosing a realtor, and preparing the home for sale. Another one is having the patience to wait for the right buyer. Listing your property would help you overcome some of these challenges. For example, the right buyer will come to you as soon as he sees your listing. You can list your property through a commission or flat fee service. Here are 4 benefits to using a flat fee listing service to sell your home.
1. Direct Contact with Potential Buyers and Real Estate Agents
A flat fee means that the individual who did the listing has no interest in what you discuss with other people. That happens because this individual already got what he wanted. More specifically, he received the flat fee that he charged you. In contrast, commission-based listings have a continued interest in the discussions you have with other people. Their principal aim is to protect their commission so they limit what you can discuss with potential buyers and real estate agents. You cannot talk to them at all in many cases. Work with a flat fee listing company so that you can have the freedom to talk to anyone at any time.
2. Flat-Fee Listing Tilts the Power of Negotiation Tilts in Your Favor
Negotiation skills are critical when you are trying to sell a home. They help you arrive at a price that is acceptable to the buyer and favorable to you. Developing these skills takes time. A number of factors influence your negotiating ability as well. Communication is one of these factors. You cannot negotiate effectively unless you have unfettered access to the other party in the negotiation. Negotiating is also difficult when a third party has an interest in the negotiations because they are still waiting for their commission. Flat-fee listing removes these impediments for you shifting the negotiation power to you because you are one seller dealing with potential buyers.
3. Flat-Fee Listing Helps You Keep as Much Money as Possible
Sellers sell their home for various reasons. Perhaps they are moving to another area. Some of them need the money for settling debts or handling emergencies. However, there is one common thread among all home sellers. This thread is the fact that home sellers want as much money as possible on their properties. Unfortunately, commissions received by commission-based listing services reduce their potential income substantially. That is not the case with flat fee listing services. People who run these services ask for a specific amount. The payment owed to them does not increase with an increase in the resale value of the home.
4. Flat-Fee Listing is a Straightforward Process
Selling a home is a complex legal process especially when it comes to changing the title of your home. Remember, a single missing detail means that the homebuyer cannot take a loan on the property until he sorts the problem. Therefore, everything must be perfect. At the same time, third parties who played a role in the selling process should receive compensation for this role. The sooner they receive it, then the less complicated the selling process is because it only remains with two parties. Companies offering flat fee MLS receive their cash and go. That leaves you and the seller even though you are still on the listing site. However, commission-based service providers never leave complicating the entire process for as long as the negotiations persist.