This is a little more info on what I am refering to...these Flat Fee services include the following services:
MLS Listings (Realtors Multiple Listing Service)
For Sale By Owner (FSBO) House Listings
Answers to Home Seller Questions
Required Local Real Estate Seller Disclosures
For Sale By Owner Yard Signs
Minnesota (MN) Purchase Agreements
Key lockboxes and more
Examples:
http://flatfeelisting.com/questions.htm
http://lowestpricelisting.com/
These Flat Fee realtors cost about $300 - $800 for 6 mos.
What is the voice of wisdom from the Think Tank of TOTV?
If this works, we could save a bundle. In our market the Listing agent charges 6% - 7% to sell your home. They keep 3.3% to list your home. I am very capabale of doing what the listing agent does...all of it...trust me. What I can't do is get our house on the major internet real estate sites, into MLS, provide a sign and lock box. The selling agent (the one for the buyer) gets 2.7% for bringing us our buyer. We would probably still have to pay all or a portion of this fee + closing costs.
But what do you think?
P,S, Statistically the listing agent only sells their own listings 20% of the time.