When sellers want to sell they almost always want to net as much money as possible. There are number ways a seller can choose to sell:
1. Sell without professional representation (commonly referred to a For Sale By Owner, or FSBO..but truthfully all homes are sold by the owner...). This method works about 10% of the time. 85% of the time sellers eventually list with a Realtor. When they do sell, they sell on average 16% less compared to the average homes sold by Realtors.
There are at least three ways to list your home on the MLS (with a Realtor). However, they have varying costs and results:
2. And MLS Entry Only or Flat Fee broker. You pay them a fee, they put your home on the MLS, you do all the showing, negotiating, and pay the buyer's broker fee. In truth you are trying to save about 2-4% of the price in most cases. Unfortunately, these brokers (in my MLS anyway) have some problems
-the listings fail to sell almost three times as often as full service brokers
-they sell at a lower price, usually 2-4% less than full service brokers.
-when they do sell they take a lot longer
3. A discount broker -they charge more, but achieve about the same results, but usually a percentage of the listing price
4. Full service brokers, in my MLS surveys, consistently out perform all other methods.
In my MLS homes that sell average about 96% of asking price and take about 110 days to sell.
Full service brokers who sell within 30 days on the market (only about 20% of listings sell within 30 days) sell at 100.25% of asking price. So at 120 days they are selling at 93.7% of asking.
Big difference, right?
So my suggestion is to interview a couple of Realtors, compare their proposals, then decide what is best for you. If you like I would be happy to refer you to a top Realtor in your area.
In making a purchase you would want an agent to represent your interest which are necessarily different from those of the seller. A good buyer's agent will help you find a home that meets your needs and then assist in negotiating the terms and conditions of the transaction. Your agent will make sure that you meet all the contractual obligations of the transaction in a timely manner in order that you do not jeapordize your earnest money. The agents for both the seller and the buyer are paid out of the seller's proceeds from the sell.
I would be happy to interview for the job of being your representative. Contact me privately at
There are various MLS's for various areas.
The link below for the Alliance MLS combines several of them in Southern California.