Home Selling in Plainfield>Question Details

Srini, Home Seller in Plainfield, IL

Will BUYER real estate agents call flat fee MLS listing owners just like seller Real estate agents to verify ?

Asked by Srini, Plainfield, IL Mon Jun 16, 2008

I have a question... Someone told me that Buyer RE agents will feel more comfortable to call Sellers agents than Flat fee MLS listing OWners directly ? Is it a true statemnet or Not so correct statement ? This is regarding showings and any information.

Also heard that these Buyers agents will try to eliminate the listings of Flat fee MLS listing when they send info to their Buyers or Would advise against them when compared to tradition sellers agents listings ....?

Comments from RE agents are welcome......

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Answers

9
Often the flat fee agencies will not handle simple questions of availability, schedule showings or be able to answer basic questions about the property. Also typically the flat fee companies will take listings with out performing up to date market analysis and allow seller to set unrealistic expectations. Remember while a full service Broker gets paid only when the property closes they do get paid more if it generates a higher sale price. As to showing, I routinely show homes including flat fee and FSBO, I find typically these sellers are the least informed and require the most assistance. You may be the exception but having a professional on both sides levels the field.
1 vote Thank Flag Link Mon Jun 16, 2008
Those who use flat fee MLS are FSBO's trying to save on the listing agent's commission. Some agents may avoid these homes because they have to deal with the home owner, there is no agent acting on the seller's behalf. Even though the commission for the buyer agent is usually the same as for a full service RE agency the fact that you have to deal with the home owner can cause some agents to dissuade their clients from viewing these homes. My guess is that you will get a lot less viewers using a flat fee MLS and consequently the house will take longer to sell unless it is very competitively priced.
1 vote Thank Flag Link Mon Jun 16, 2008
I hate dealing with flat fee MLS people because they are usually very unrealistic about what they will get for the house. I try to avoid unless my buyer wants to see it.
1 vote Thank Flag Link Mon Jun 16, 2008
All agents are different in how they will treat these types of listings, the key note is that even 1 lost potential buyer is too much. If you have to question it you must have the same feeling that something may be wrong with it. In life you get what you pay for. hiring a listing agent is more than just paying for a listing in MLS. Most agents who specilaize in listing homes will tell you that the commission paid is more than covered in the higher sales price and quicker time to get a property sold. You often hear about saving pennies to throw away dollars??? You would be missing out on the guidance and assistance of that listing agent through each step of the selling process. Pricing your home right, marketing it not just placing a listing in MLS and hope an agenty brings soemone by, negotiating both a sales price and the best terms for you, taking care of disclosures, state forms and federal forms, assisting in home inspections, the appraisal, keeping an eye on the buyers financing and closing the deal. The botton line is flat fee litsig are bare bones, some agents will shy away from them so some potential buyers will not see your house which could lead to a longer sale and lower sale price.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Tue May 10, 2011
Try it... but make sure it come up in Realtor.com or Trulia.com under city and zip code. Plus put a great discription of the home with photos and your contact info . If it price right you will sell it.
0 votes Thank Flag Link Tue May 10, 2011
Thanks Pro's for your OPinions and thoughts. That really helps. I see wide varieties of answers which gives me clear idea that each Agent is different and acts differently. BUt in the end if the property is priced right and have all qualities the buyer wants , I think it will get merit with a few exceptions.

Folks, Is there any way, we can get info about how may times one's listing is shortlisted by an agent or seen by an agent in MLS to show to the buyer ???

Many thanks for your quick and honest answers....

Srini
0 votes Thank Flag Link Mon Jun 16, 2008
Hi Srini,

I can't answer for all agents, but I would show your house to my buyers if it were a match. I really don't care who's on the other end of the phone. If it's a good house, and it's priced right, and it's a match for my buyer, I'm showing it.
Web Reference: http://www.marcpaolella.com
0 votes Thank Flag Link Mon Jun 16, 2008
Hi Srini
I think a more accurate answer is the agent will show the buyer properties that match their requirements, regardless of the set up.With the market being the way it is over flooded with properties, the agent will choose the "shiny pennies" first; meaning good location, priced right, good condition and if that includes a flat fee well then it will be shown. Remember lots of competition in price, location and condition and PRICE IS KING.
0 votes Thank Flag Link Mon Jun 16, 2008
Assuming you are refering to being a FSBO and paying a flat fee to be placed on the MLS. Your answer is every agent is different. Although you will get varied responses here you will never know if you are really not getting cooperation from the real estate community. If you go that route
0 votes Thank Flag Link Mon Jun 16, 2008
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