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Message
Flat Fee MLS referral - BTR real estate
Posted on 5/29/13 at 9:30 am
Posted on 5/29/13 at 9:30 am
for 60 days, the house has been listed FSBOBR.com, craigslist, zillow. Plan B - Flat fee MLS listing. We need recommendations and reviews of local or national flat fee services please. Looking for IDX listing, Realtor.com, more than 5 pictures, 3-6 months, preferably a lock box (but we can buy our own).
((No room in equity for any sales commission (except for buyers agents at 2-3%)...we are going to have to market this one ourselves.))
We have a great real estate agent already who represents us as buyers. This person has offered a great discount to sell our house as long as we retain them as a buyers agent, even though the house is way beneath their pay grade. We passed on the generous offer. Because it would still be 5-6% total including the buyer agent's commission.
plan is to MLS list it for the summer. rent it in Sept if it doesn't sell.
Any experiences with flat fee listings here?
((No room in equity for any sales commission (except for buyers agents at 2-3%)...we are going to have to market this one ourselves.))
We have a great real estate agent already who represents us as buyers. This person has offered a great discount to sell our house as long as we retain them as a buyers agent, even though the house is way beneath their pay grade. We passed on the generous offer. Because it would still be 5-6% total including the buyer agent's commission.
plan is to MLS list it for the summer. rent it in Sept if it doesn't sell.
Any experiences with flat fee listings here?
3
Posted on 5/29/13 at 1:01 pm to Breadcrumbs
We purchased our current house from an owner who did an MLS flat fee listing. It worked fine for us. He under priced his house (not on purpose) and we got it for $10000 less than appraisal. So we were happy!
Posted on 5/29/13 at 1:21 pm to ProudLSUMom
quote:
He under priced his house (not on purpose) and we got it for $10000 less than appraisal.
Wow, congrats. Perhaps he needed an agent. Do you remember the flat fee agency he used?
We are definitely not under-priced.
Thanks for commenting on the experience.
Posted on 5/29/13 at 1:26 pm to Breadcrumbs
I have seen Adam Campo adds that says he will list it on the MLS for a flat fee of $695 until it is sold. Have had no experience with him. Good luck. Hope this helps.
Posted on 5/29/13 at 1:39 pm to Ranger198
quote:
I have seen Adam Campo adds that says he will list it on the MLS for a flat fee of $695 until it is sold. Have had no experience with him. Good luck. Hope this helps.
Thanks. I had not run across his advertisement. Will check it out.
So far, I've only found Jude Smith with Amerisell or Sharpmlg.com or sharpmls.com. He's in mexico right now, but did answer the phone right away. It was not a professional phone call. He had the right answers to all my questions, but I sensed he was a little annoyed with the call. He has listings in 3 states and 16 listings in BTR. Lowered his prices for me to $277 6 month basic and $349 6 month showcase listing with option to upgrade for another 6 months for $100. His listings look fine on Realtor.com. I'll try to call as a buyer later on to see what the experience is like.
I certainly see the value added by the reputations of the local real estate firms by looking at it from the seller perspective during this search. I still think I have to justify a professional's cost by failing at my own efforts.
This post was edited on 1/14/14 at 2:15 pm
Posted on 5/29/13 at 1:54 pm to Breadcrumbs
I sold my house via Jude at Sharp MLS a flat fee MLS listing service. I had the ability to set the buyers agent commission at whatever I wanted and the service we went through sent me a bunch of comps and helped me determine the price. Jude was good to deal with and always prompt in communication but he did seem a bit annoyed a time or two. I think it is because he doesn't like to deal with people and has set his business up so that everything can be done via his website. He was helpful though and even pulled some comps on a property I was looking to buy as a favor after I had sold my house.
The downside is that you have to be available to show the house and take your emotion/opinion out of the situation.
If you try to call Jude/Sharp MLS as a buyer you will not get him. They set up a special phone number/extension that will ring directly to whatever phone the seller chooses so you would most likely be calling the homeowner directly.
The downside is that you have to be available to show the house and take your emotion/opinion out of the situation.
If you try to call Jude/Sharp MLS as a buyer you will not get him. They set up a special phone number/extension that will ring directly to whatever phone the seller chooses so you would most likely be calling the homeowner directly.
Posted on 5/29/13 at 2:11 pm to Maderan
thanks for the great feedback on Jude at Sharp. He was helpful and I do get that his business model is online services which he probably prefers. I needed some kind of reassurance from anyone on the MTB.
Posted on 5/29/13 at 2:44 pm to Breadcrumbs
quote:
Wow, congrats. Perhaps he needed an agent. Do you remember the flat fee agency he used?
We are definitely not under-priced.
Thanks for commenting on the experience.
I don't remember which agency he used. This was 7 years ago.
I'm pretty sure when you do the flat fee service, you, the seller, will actually be fielding the calls from buyers and/or real estate agents. They will be calling you to set up the appointments and ask questions, not Adam Campo or whomever.
I have had great luck selling my last 2 homes FSBO. Both sold in under 2 weeks. I know that isn't the norm though.
Posted on 5/30/13 at 12:18 am to Breadcrumbs
quote:
Breadcrumbs
email me, I have some info for you if you are interested in doing it yourself. While it does not replace the role of a Realtor in the transaction, it will help you if you want to DIY.
crossvillebill@gmail.com
Posted on 9/13/13 at 11:02 am to novabill
found this old thread, interested in the same
the most prominent BR flat rate services seem to be
Adam Campo
Kimberly Fern, 1st Louisiana Realty
Hager Realty (Prairieville)
Anyone else with experience?
the most prominent BR flat rate services seem to be
Adam Campo
Kimberly Fern, 1st Louisiana Realty
Hager Realty (Prairieville)
Anyone else with experience?
Posted on 9/13/13 at 1:42 pm to blueslover
I used a website www.mlsmyhome.com which was the cheapest but they bait-and-switched and put in the contract that I have to pay 0.5% of the final sale price to the listing Realtor (Darryl Brasseur of Brasseur Realty in Prarieville). I quickly put a stop to that and cancelled that deal.
Do NOT use Hager Realty. They are complete jerks and harass FSBOs constantly with phonecalls about full listings. I ended up having to go to the FCC with a complaint about them calling so much. They and the McCarthy Group are the worst.
I don't have experience with Adam Campo or Kim Fern but I see them a lot, so they must be doing something right.
I breifly used Paige Knobles as well, though she's a newbie to the real estate world. In my experience, Realtors with brand-name brokerages prefer to show properties from other brand-name brokers because they have less "drama" than FSBO and flat fees.
Good luck!
Edit: Beware and read the contract carefully for hidden percentages and modification to MLS costs.
Do NOT use Hager Realty. They are complete jerks and harass FSBOs constantly with phonecalls about full listings. I ended up having to go to the FCC with a complaint about them calling so much. They and the McCarthy Group are the worst.
I don't have experience with Adam Campo or Kim Fern but I see them a lot, so they must be doing something right.
I breifly used Paige Knobles as well, though she's a newbie to the real estate world. In my experience, Realtors with brand-name brokerages prefer to show properties from other brand-name brokers because they have less "drama" than FSBO and flat fees.
Good luck!
Edit: Beware and read the contract carefully for hidden percentages and modification to MLS costs.
This post was edited on 9/13/13 at 1:45 pm
Posted on 9/13/13 at 3:12 pm to vemnox
quote:
Edit: Beware and read the contract carefully for hidden percentages and modification to MLS costs.
This times 100%, I got a call last week from someone that paid a flat fee of $149 but the listing and marketing agreement they actually signed called for the local listing broker to make 1/2 percent commission on the sales price.
All I can say is read the contract carefully.
Posted on 12/18/13 at 11:33 am to vemnox
I have no experience with Adam Campo, Hager or any other flat fee brokerage. However, I did use Paige Knobles Properties to list my property. I purchase property to flip. I was losing money on my flip and could not afford the usual 6% so I contacted Paige Knobles Properties from an email I recieved.
I was impressed at how knowledgeable and friendly she was. I also thought she was a newbie because of her age, but she has been in real estate for 8 years. I initially wanted to sign up for her $149 package, but opted for the full service. I did not have time to deal with the property any more. She did open houses, flyers, lockbox, scheduling, and is a real bulldog at negotiating for her clients all for 1%. It was too good of a steal to pass up.
Long story short she got the price I wanted and has listed all of my flips ever since. I also recommended her to two friends, they too recommended her to some friends. One friend did the $149 package. He said she sold the house in a week, and there were no hidden fees. She also gave him free advice to get the price he wanted.
I was impressed at how knowledgeable and friendly she was. I also thought she was a newbie because of her age, but she has been in real estate for 8 years. I initially wanted to sign up for her $149 package, but opted for the full service. I did not have time to deal with the property any more. She did open houses, flyers, lockbox, scheduling, and is a real bulldog at negotiating for her clients all for 1%. It was too good of a steal to pass up.
Long story short she got the price I wanted and has listed all of my flips ever since. I also recommended her to two friends, they too recommended her to some friends. One friend did the $149 package. He said she sold the house in a week, and there were no hidden fees. She also gave him free advice to get the price he wanted.
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