Home Buying in Idaho Falls>Question Details

Heidi, Home Owner in Idaho Falls, ID

Anyone know how to get your home listed on the MLS without an agent?

Asked by Heidi, Idaho Falls, ID Mon May 13, 2013

Help the community by answering this question:

Answers

11
Heidi, in our MLS, the only people that can input homes are members of the MLS which requires them to be an active real estate agent (or broker) and a member of the MLS. The MLS also requires cooperation and compensation with it's fellow members (so you would have to agree to cooperate with all other members of the MLS and to pay them if they bring a willing and able buyer).

Contrary to what some others have posted, you don't need to be a member of the National Association of Realtor's (NAR) to be a member of our MLS; however, you do still have to be a licensed real estate agent. If a licensed real estate agent is not a member of the National Association of Realtors and if they do not agree to be bound by it's code of ethics, they can not use the trademarked term "Realtor".

If you want to sell your home without an agent - you certainly can try however keep in mind that only 9% of the sales in 2012 nationwide were For Sale By Owner and many of them were to people that already knew each other.

In Idaho, the sales tax is 6% and what visible value do you immediately gain from paying it? Yet in a real estate transaction if you paid that amount you might expect to receive pricing analysis, marketing analysis, open houses,financial analysis, scheduling and working with lenders; title companies; inspectors; appraisers; home repair people; negotiation assistance, etc.

If you do it yourself - best of luck! If you want professional assistance, interview multiple agents/brokers to find one with the skill sets you require.
1 vote Thank Flag Link Mon May 13, 2013
There are flat fee MLS services out there, but technically, they are agents who are listing your property for you in the MLS system for a flat fee. The best way to get your property listed within the MLS is through a REALTOR.
1 vote Thank Flag Link Mon May 13, 2013
The whole purpose of MLS is the realtor community so sharing is the motto. Always get it listed and than share offering generous commissions like 3% to the selling realtor. Though you listed it for a flat fee you are still saving 2.5 % after all. Being cheap does not pays or will make it work IMHO.

But first get your buyers prequalified for home purchases. There is no point in showing your house to a buyer from Craiglist or MLS if they are not pre-approved.

You can get them pre-qualified using few guidlines at various sites like
http://www.alliancemtg.com/loanprog/purchase.htm and many others.

They buyers must have certain FICO scores and proof of funds, otherwise you are wasting time and effort.
0 votes Thank Flag Link Mon Jun 3, 2013
One of the rules of the Intermountain MLS is that their members must agree to "cooperate and compensate". What that means is that you can not just pay a member to "input the listing" and not cooperate with a selling member.

If you want to sell your home without an agent, just go through Craigslist which is free. If you want to use the tools that Realtors bring to the table, I suggest you interview a number of Realtors in your area and have them "sell" you on why you should hire them instead of their competitors or just doing it yourself.

Being a great Realtor is kind of like being an orchestra leader. You have to take a multitude of other talented people and make them all work on the same sheet of music at the same time before it sounds like music even though each individual musician could be extremely talented on their home as a solo artist.
0 votes Thank Flag Link Mon Jun 3, 2013
You can also list your home for a flat fee with regular realtor. All you need at this point MLS exposure with his or her company name on it. Its a normal listing with you as the contact person to show etc.

The fees are negotiable $500, $750 anything. This is not a full service listing and don't expect the agent to do the heavy lifting.

You will do the work, create flyers, arrange open houses, advertise and so on. Many agents will laugh at you, but chose the one who does not.
0 votes Thank Flag Link Sat Jun 1, 2013
You can pay a flat fee (Typically $149 to $199) to get your house listed on MLS, just "Google" for a Broker that does it online.
0 votes Thank Flag Link Sat Jun 1, 2013
I don't know of any way without haveing a member of the Multiple Listing Service (Dues Paying Broker), put it in for you. Why don't you want to use a Real Estate Agent?
0 votes Thank Flag Link Mon May 13, 2013
Heidi,
I don't know what you do for a living, but let me give you an example.
Would you allow the local "dog grooming and pet sitting" service place signage on your car so you can promote their business as you drive around?
-
You would say, "NO," unless there is adequate compensation....
....BECAUSE it's your car! You can't let folks use the stuff belonging to you without compensation.
-
The MLS belongs to the real estate professionals who are members of the National Association of Realtors. These members are known as Realtors (r). They pay to be members and membership does have it's priveledge.
-
You should not expect to be able to use freely that which others pay to support and maintain. This is called 'fheft of service.'
-
You have many options even knowing the MLS is the restricted property of the National Association of Realtors. Clearly you see the value the MLS and the NAR present to those who are considiering selling their home. You should allow those assets and resources to benefit you. Call you local Realtor(r).
0 votes Thank Flag Link Mon May 13, 2013
Heidi,
Licensed Agents actually pay a monthly fee to use the MLS - which mean multiple listing service. To list a property it needs to come from a Brokerage. You would need an agent.
You might try some FSBO magazines and websites ----
Best of Luck to you,
Paulette Lym
0 votes Thank Flag Link Mon May 13, 2013
No, only people who are paid members of their local MLS service can post listings in the MLS.
0 votes Thank Flag Link Mon May 13, 2013
No, only people who are paid members of their local MLS service can post listings in the MLS.
0 votes Thank Flag Link Mon May 13, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer