It is correct that to put a listing in the local MLS it needs to be entered by a Realtor who is a member of the MLS, in our case, IRES. At that point you are automatically posted in Realtor.com, and if the Realtor subscribes to the ListHub service, all the other websites as well, including Yahoo, AOL, GoogleBase, Trulia, Zillow, HotPads, etc.
The most recent stat from the National Association of Realtors is that nearly 90% of the homes closed began with an online search. Newspapers are down to 3%! (I would LOVE to stop all the local ads...)
Talk to you soon, Lisa
As far as I know, there is no way for you as an individual to post a property to the local MLS. The only option you have is use a full service realtor or a discount realtor to post your property for you. If all you want is someone to post your property in the MLS, you may be able to find someone to do it for a fee. Once it is on the MLS, there will be no readily apparent distinction between your listing and any others.
Let me know if you have more questions. I'm happy to help.
Estes Park Realty
You should check with the local multiple listing services in your area if you can list as an independent. One thing to keep in mind is that hiring a Realtor though there is a cost to it is always the best advise one can give you. In this market properties need a lot of exposure in order to compete with such a big number of listings. Remember commissions are always negotiable. Good luck.
Treat your selling agents right and they will bring buyers to your door. That means make your home as accessible as possible, easy to contact for appointment, easy to show and in ready condition.
I would not recommend letting a buyer's agent represent both sides of the transaction as your interests as seller, are not protected as they should be. It is always better to have an agent who is dedicated to the individual client. You need every advantage to get you homes sold; and you'll definitely be at an advantage with a Realtor working for you. If you need a great referral let me know; I worked with a great agent in Colorado Springs (High Producing), whom you would do well to talk to. Let me know by contacting me through my web site below to request that referral. Best of sales to you! June Lizotte, Realtor(c) in Oregon, (previous Colorado resident- I love Estes Park) All those Elk!!!
That is a great question.
Let me ask you a few questions:
Are you planning to coordinate the closing on "your side" of the transaction?
Or are you expecting the buyer's agent to do "both sides" of the transaction?
If that is so, then who will represent your interests?
So you could:
Offer the buyer's agent their "normal" commission and expect them to do the work of two people for the price of one. (not lilkely to happen)
Offer the buyer's agent BOTH sides of the commssion to represent both sides (then why not just hire a listing agent)
I find it fascinating that you, as a contractor, would believe that there is no value to the services offered by a Realtor. If you go with the option of paying the buyer's agent a commission, plus you are going to list it in the MLS, you are saving a point or two in price. Maybe....IF it sells.
Looking in MY MLS for the last three months, here are the stats for MLS only brokers
14 listings, three sold, 11 did not.
The three that sold had a selling price of 93% of asking price and average market time of 126 days
The average EXCLUDING MLS only listings
1,528 listings, 607 sold, 921 did not. Just based on that factor alone, why would you NOT use full service.
Sale price versus asking price ratio 98.4% when selling in the first 30 days. So you need someone to help you get your property sold in the first thirty days to max your profit.
Days on market overall 84 Days.
I hope this data is helpful. If a Realtor can show you that they can actually EARN their commission, sell for more profit, in a shorter time frame, at least LOOK at this option.
It would be as if I said "I want to be my own general contractor". You'd just laugh at me, knowing what I was going to face. It's the same thing, us looking at your idea.
Coldwell Banker Triad