Frequently Asked Questions
Also see our FAQ for Builders and Developers
- What is the MLS (Multiple Listing Service)?
- How will I save $$$ with the EZ-Listing?
- How will I save $$$ with the Full Service programs?
- Will my property be listed on the Internet?
- Do I have to pay a Selling Agent?
- If I find the Buyer, do I pay a Selling Commission?
- Will other Agents show my home?
- How will I be contacted about showings?
- How long is the listing period?
- Must I use a LockBox?
- How do I make changes to my listing?
- Will my listing look like 'other' listings in the MLS?
- Do Realtors sell Most Houses and for More Money?
- Why does Michigan Listing.com offer these great programs?
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> 10 Questions to Ask Before Buying Your Property
1) What is the MLS (Multiple Listing Service)?
The Multiple Listing Service is the local Association of Realtors computerized list of homes currently for sale in the area. This is an exclusive tool, only available to the members of the local boards of Realtors. The MLS is the primary tool used by Realtors to find homes for their buyers. Realtors search the MLS daily to find potential matches for their buyers, thus when new listings are entered, they are immediately evaluated by thousands of Realtors with prospective buyers, making your house rapidly popular.
The MLS provides the biggest marketing advantage in selling houses. This kind of exposure to buyers is not available anywhere else. You maximize your chances of selling your property more quickly and at a better price when it is listed in the MLS. When your property is in the MLS your property receives the broad coverage of a large number of real estate offices that have access via computer to your home's availability, price and features.
Being listed on the Realtor MLS enables you to take advantage of the power of hundreds of Realtors in your area. That means more exposure for you! Order Now!
2) How will I save $$$ with the EZ-Listing?
Assume you list your property with EZ-Listing and You sell your home. Using a $200,000 home as an example, your EZ-Listing cost would be just $495. Compare a traditional brokerage fee of 6% which would be $12,000. That's a Savings of $11,505!
Now assume that you list your property with EZ-Listing and an Agent sells your home. Using the $200,000 home as our example, your cost would be $6,000 plus the $495 fee, for a total of $6,495. This is calculated as follows: $200,000 X 3% Agent Fee = $6,000 paid at closing and the fee of $495 (paid at time of listing). Compare to a traditional 6% listing, or $12,000, your Savings would be $5,505! Order Now!
3) How will I save $$$ with the Flat Fee and Full Service programs?
You can save a lot of money even when you list with the Flat Fee options: The commission on a $200,000 sale with a $1,995 plus 3% commission rate would be $7,995 ($200,000 X 3% + $1,995 = $7,995). Therefore your Savings would be $4,005 over a traditional 6% listing (6% x $200,000 = $12,000) so Compare the savings ($12,000 - $9,000 = $3,000) and remember - No Up Front Fees!
For those properties in a higher price range, the Listing portion of the commission is capped, $1,995 for the Flat Fee option and $4,995 for the Full Service! The commission on a $600,000 sale with a 4.5% (or Less) commission rate would be $18,000 to Buyer Agent and $4,995 to Michigan Listing.com, compared to a 6% program ($36,000) - that's a Savings of over $13,000! Order Now!
4) Will my property be listed on the Internet?
Yes. Your property will be listed on Realtor.com, MoveInMichigan.com and other real estate websites when you list with the Flat Fee or Full Service options. These top Internet web sites will give you national exposure to out-of-state home buyers. This exposure can be a vital component in selling your home quickly and for the best price. With the EZ-Listing option, pay just $100 more and have your property listed on Realtor.com.
Having a Michigan Listing.com broker assist you can also be the difference between selling and not selling. Our agents are Realtors! Order Now!
5) Do I have to pay a Selling Agent?
Yes. Any licensed real estate agent bringing a ready, willing, & able buyer with a satisfactory contract, including even Michigan Listing.com brokers, will be due a "Selling" co-op commission of 3% of the selling price. Order Now!
6) If I find the Buyer, do I pay a Selling Commission?
No, not with the EZ-Listing. You still maintain the right to sell your home on your own. If you find your own buyer, you will not be obligated to pay a commission on the sale but you may need us to provide you other services. Click here for more information. Order Now!
7) Will other Agents show my home?
Yes. There is no way to tell how much you paid to get on the local MLS and/or websites. Your listing will look no different from any other listing in form and style and you still pay the other agent 3% to bring a buyer! And if we are working with a buyer interested in seeing your home, we will show it too! Order Now!
8) How will I be contacted about showings?
Agents will call the Michigan Listing.com office before a showing and we will arrange for those appointments by calling you. Order Now!
9) How long is the listing period?
The listing term is six months. You can renew the EZ-Listing for another six months for a small fee of $250.00. Very few properties need to be listed for more than 6 months. There are No Up Front Fees for either the Flat Fee or Full Service options. You can cancel the listing at any time without any penalty. Order Now!
Extend your listing six (6) months NOW by clicking the button below...
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10) Must I use a LockBox?
No, but other Agents depend on quick access. Agents show many homes within a very short period of time and access to your home may make a difference. We strongly recommend a Realtor Lockbox. Order Now!
11) How do I make changes to my listing?
You may make changes to your listing by contacting us at Michigan Listing.com. All changes are made the same day we receive written authorization from you! Order Now!
12) Will my listing look like 'other' listings in the MLS?
Yes. Your listing will not look different because it cost you less! No one will know how little it cost you to be on the local MLS and the Internet sites! Order Now!
13) Do Realtors using the MLS sell Most Houses and for More Money?
Yes, it's true on both accounts. According to the National Association of Realtors, approximately 80% of all U.S. homes are sold through Realtors using the MLS and homes listed on the MLS average net proceeds are 7% higher than homes sold "for-sale-by-owner".
All Brokers and Agents at Michigan Listing.com are Realtors!
The local MLS will give you maximum exposure and this is the key to a successful transaction. There is no more effective way to sell your property. Order Now!
14) Why does Michigan Listing.com offer these great programs?
Simply put, we are answering the market's demand for reduced services at reduced costs. Let's face it, some people don't need all the usual services to sell their home, so traditional "One Size Fits All" programs are not satisfying the marketplace!
We believe Michigan Listing.com provides consumers like you with a choice of services - according to your needs! Order Now!
Put your home in the local MLS & Realtor.com and count the Buyers!
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