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.