What is the Multiple Listing Service?
Most real estate agents use MLS has a key tool to hunt through homes to give hopeful home buyers a relevant list of targets. Three-fourths of all homes sold are sold as a result of a MLS listing.
Is it possbile to have an MLS listing go longer than six months?
An additional $300 fee can keep you piece of real estate a part of the MLS database for another six month term. Customer Support can help you do that if you desire.
Who is my agent in the transaction?
Our site maintains a list of affiliate agents and one will go through the paperwork on your transaction. However, as part of your MLS listing, all contact information states that showings and questions should go to you.
Will a 3 percent commission draw enough interest?
Yes. The affiliate agent assigned to your transaction has already agreed to a particular fee and will not be a part of any commission. The three percent would go to an agent representing a buyer that goes through and actually purchase your property.
Why does Realtor.com not list contact information?
Because Realtor.com is an internet-based use of the MLS, it has specific regulations on how listings can be displayed. Because a part of the income generated from the site comes from advertising packages for real estate agents, they are not keen on providing real estate agents with free contact information listed on the site.
Why would anyone show a home without possibility for a commission on its eventual sale?
A flat fee is attractive to affiliate agents because volume makes up for any lost commissions and the exposure they receive for completing deals helps their business grow. If that same agent listings the home and provides the actual buyer for the transaction, they can reap the three percent commission as well.
How many photos does the MLS allow per listing?
While listings are customarily only given one free photo, an additional fee that ranges between $10 and $20 can be paid to provide the ability to handle more photos.
Does the agent provided by the buyer work on transaction paperwork as well?
Usually. The affiliate agent on your transaction will also look over the forms to protect you as well.
What forms need to be filled out to land an MLS listing?
A “Listing Agreement” is the most important form you will fill out and in some areas, other documents may be needed. The affiliate agent will make that clear.
From the time I purchase an MLS plan, how long does it take to get my home listed on the service?
Two business days is the turn around time between your order and contact by one of our MLS agents. The agent will then go through the process with you to ensure that your listing is up to your specifications. If two days go by and you have not been contacted, send an email to mls@changemystreet.com
When you and the MLS agent finalize your paperwork, the MLS service takes five business days at most to list your home. Realtor.com is a bit slower and two weeks after a property is entered into the MLS, it will appear on the Realtor.com site. Remember, Realtor.com is an independent site and is not directly affiliated with the MLS or ChangeMyStreet.com
The MLS listing you receive is no different than the one a traditional real estate agent would list. With ChangeMyStreet.com you get the same service without the commission.
The MLS is a database used by local agents to develop a list of properties that a prospective home buyer might be interested in. By putting your property in the MLS, ChangeMyStreet.com ensures that each and every real estate agent in your area will have access to your home’s information.
All of this work helps you avoid the typical 6 percent commission that is paid on most home transactions. Because our affiliate agents have agreed to a flat fee, only 3 percent of that commission gets paid to the agent that brings the buyer to your home. Where 6 percent would have been split between two agents, you instead get to keep an extra 3 percent of the home’s value, a considerable amount of money in most real estate transactions.
Even better than that would be selling your home through the internet portion of ChangeMyStreet.com where you pay 0 percent commission if you find a buyer through that method. At a fee of $699, you receive the ability to post your property both on the MLS and internet section of the site. No matter how your home gets sold, you save real money that can be used on your next purchase or for anything else you desire. You maintain full control over your home and the transaction.
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