Frequently Asked Questions for Builders
- What is the MLS (Multiple Listing Service)?
- How will I save $$$ with the EZ-Listing?
- What contact phone number is on our listings?
- Will my listings be on the Internet?
- Do I have to pay a Selling Agent?
- If I find the Buyer, do I pay a Selling Commission?
- Will other Realtors show my home?
- How will I be contacted about showings?
- How long is the listing period?
- Must I use a LockBox?
- How do I make changes to my listings?
- Will my listing look like 'other' listings in the MLS?
- Do Realtors sell Most Houses and for More Money?
- Why does Michigan Listing.com offer these programs?
1)What is the MLS (Multiple Listing Service)?
The Multiple Listing Service is the local Association of Realtors computerized list of homes currently for sale in the area. This is an exclusive tool, only available to the members of the local boards of Realtors. The MLS is the primary tool used by Realtors to find homes for their buyers. Realtors search the MLS daily to find potential matches for their buyers, thus when new listings are entered, they are immediately evaluated by thousands of Realtors with prospective buyers, making your house rapidly popular.
The MLS provides the biggest marketing advantage in selling houses. This kind of exposure to buyers is not available anywhere else. You maximize your chances of selling your property more quickly and at a better price when it is listed in the MLS. When your property is in the MLS your property receives the broad coverage of a large number of real estate offices that have access via computer to your home's availability, price and features.
Being listed on the Realtor MLS enables you to take advantage of the power of hundreds of Realtors in your area. That means more exposure for you! Order Now!
2) How will I save $$$ 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!
1)What contact phone number is on our listings
By default, any listing in the MLS has our office number, however, we can add up to two additional numbers to the MLS listing. This can be your sales office, a cell number or any other number you want. If you have a spec home, it may be easier for us to schedule showings for you, saving you time and hassle. If you have build jobs, you may want the calls directed to your sales office! Either way, you decide where the incoming calls go and how they are handled. Order Now!
2) Will my listings be on the Internet?
Yes. Your property will be listed on Realtor.com, Michigan Listing.com and other real estate websites when you purchase the $100 Extra Value option. 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. Order Now!
3) Do I have to pay a Selling Agent?
Yes. Any Realtor bringing a ready, willing, & able buyer with an accepted contract, including even our agents, will be due a "Selling" commission of 3% of the selling price. Think about it, you already pay Agents 3% when they bring a Buyer. With the EZ-Listing, now you can avoid also paying the 3% Listing side of the commission! Order Now!
3) 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 listings on your own. If you find your own buyer, you will not be obligated to pay a selling commission. Order Now!
4) Will other Realtors show my home?
Yes. There is no way to tell how much you paid to get on the local MLS and/or websites. Your listings will look no different from any other listings in form and style. And if we are working with a buyer interested in seeing your homes, we will show it too! Order Now!
5) How will I be contacted about showings?
Realtor's will call our office before a showing and we will arrange for those appointments according to your instructions. Buyers may also contact you after seeing your listings on the various Internet websites too! Order Now!
6) How long is the listing period?
The listing is for a period of six months. You can renew the listing for another six months for a small fee of $250.00. Very few properties need to be listed for more than 6 months. You may cancel the listing at any time without penalty. Order Now!
7) Must I use a LockBox?
No, but Realtors depend on quick access. Realtors show many homes within a very short period of time and access to your home may make a difference. We strongly recommend using a lockbox. Order Now!
8) How do I make changes to my listings?
You may make changes to your listings by contacting our office. Order Now!
9) Will my listing look like 'other' listings in the MLS?
Yes. Your listings will not look different because it cost you less! No one will know how little it cost you to be on the local MLS! Order Now!
10) 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".
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!
11) Why would Michigan Listing offer these great programs?
Simply put, we are answering the Builder / Developer 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 properties, so traditional "One Size Fits All" programs are not satisfying the marketplace!
We believe the Michigan Listing provides companies like yours with a choice of services - according to your needs! Order Now!
Put your properties in the local MLS & Sell More!
