The Multiple Listing Service (MLS) is a computerized list of homes currently for sale. This is an exclusive tool, only available to 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. Each area in Virginia has their own MLS system. Once your property is listed on your local MLS, your proeprty feed to thousands of websites including Zillow, Trulia and Realtor.com.
This kind of exposure to buyers is not available anywhere else. You maximize your properties exposure when it is listed in the MLS. Your property receives the broad coverage of a large number of realty offices that have access via computer to your home's availability, price and features.
Being listed on the Realtors MLS enables you to take advantage of the power of thousands of Realtors in your area. That means more exposure for you!
|Selling Price||Traditional 6% Realtor Commission||Flat Fee Listing w/3% Commission||Your Savings|
More than just a listing! Our Virginia MLS Flat Fee Listing includes:
Flat Fee MLS Realtor listing
Many other web site listings
Expert guidance & consulting from our LOCAL real estate professionals
DID YOU KNOW?
Some sources estimate the MLS is responsible for 75% of home sales
What many people don't know is that they can have the benefits of the MLS without paying a high MLS listing commission. Our clients can also advertise For Sale By Owner and if you find your own buyer - you do not pay any commission. You can take advantage of this powerful advertising medium without paying high commissions to real estate agents with our Virginia Flat Fee MLS listing service! Order NowHow does the Flat Fee MLS Package Work?
Does the MLS Package include any supplies?
Depends on the package? However, we do offer the Showcase Listing package, yard signs. brochures, home warranties, assistance option paperwork to closing support and more in the FSBO Store once you begin your order purchase. Please check with listing broker regarding signage as certain MLS's have rules regarding signage. REIN is one of them.
May I add more photos or make changes to my MLS listing?
Yes, you may add additional photos or the Showcase Package (which is strongly recommend) or make changes to your MLS listing. Price Changes are free - all others are for a fee unless you paid for the unlimited changes when you first signed up. Click here to see the options.
When will my MLS listing post on Realtor.com?
In most areas, your MLS listing will feed through to Realtor.com within 3-5 business days after being active in the MLS. Realtor.com pulls limited information from the MLS and sometimes takes a few days to pull the photo. The listing agent has no control over how long it takes to feed through to Realtor.com. If you didn't purchase the Showcase listing - Realtor.com will pick the photos randomly to go on their site - we have no control.
May I cancel my MLS listing early?Yes, you may cancel your MLS listing at anytime during the listing period AFTER all signs and lockboxes are returned during business hours, however the upfront listing fee is not refundable or prorated. Before entering into a written listing agreement with a licensed real estate broker, you should inquire about whether there are any additional fees charged for early cancellation. Please note - once you place your order, we are unable to offer refunds. Listing must be cancelled during business hours - not on weekends - after all signs and lockbox have been returned. Signs and Lockboxes need to be returned during business hours unless prior arrangements were made. A withdrawal form also needs to be submitted.
I have ordered the MLS package, what is the next step to get listed on the MLS?
You will receive an email with the MLS forms for your area. Please fill them out on the computer, digitally sign and then attach the saved pdf to your e-mail to return them. (please make sure to check your email and your SPAM folder).
How do I determine the percent commission I am willing to offer to a buyer’s broker?
You will state the percent commission you are willing to offer to the buyer’s broker (the selling agent) on the required MLS forms that come from the listing broker. This commission will be on your MLS listing for all buyer’s agents to see. PLEASE NOTE THAT ON THE MLS PAPERWORK OFTEN THE BUYERS AGENT IS REFERRED TO AS THE SELLING AGENT. THEY ARE ONE IN THE SAME. THE LISTING AGENT IS THE AGENT GETTING THE FLAT FEE - THE LISTING AGENT IS NOT THE SELLING AGENT.
What are my responsibilities when I am in the MLS? Only agents can put your listing in the MLS and those agents are bound by the rules and regulations of the Real Estate Board and the MLS systems. Some MLS systems do not allow FSBO signs once you go into the MLS. In Virginia, the REIN MLS does not allow FSBO signs. Click here for your responsibilities.
WHAT IS THE DIFFERENCE BETWEEN DUAL AGENCY AND DESIGNATED AGENCY IN A VIRGINIA REAL ESTATE TRANSACTION?
There are different forms of representation to you that include Buyer Agency or Selling Agency (when an Agent represents a Buyer) or Listing Agency or Seller Agency - NOT TO BE CONFUSED WITH Selling Agency - (when an Agent represents the Seller) or Non-Agency (when the Party in question is not represented by an Agent at all).
When you hire me to help you buy or sell real estate, you are really hiring my borkerage, Cottage Street Realty. I am merely the designated associate to help you through your transaction. Cottage Street Realty has many licensed real estate agents working for the their brokerage.
If you hired me as your Cottage Street Realty representative to sell your home, another Cotttage Street Realty agent bringing a buyer would be a form of DESIGNATED REPRESENTATION. The brokerage, after all, is handling both sides of the transaction, but each party has their own representative. If you hired me to help you purchase a home, and you wanted to buy a home listed by another Cottage Street Realty agent, that would also result in designated representation.
DUAL REPRESENTATION would occur if you hired me to sell your home and I also represented the buyers that wanted to buy it. You would also run into dual representation if you hired me to help you purchase a home and you wanted to buy one of MY listings. Dual representation means I cannot advise either party to things like price so some sellers and buyers do not like this and some don't care. So if you do have a problem with this, I can always refer you to a very competent professional in our company that will be able to actually represent you.