Don't Be Too Cheap When Using Flat-Fee Listing Agents

By
Real Estate Agent with AgentHarvest - A Real Estate Agent Finder Service

Would this MLS picture sell your house?

 

Flat-fee listing agents provide an opportunity for people selling their homes to get their house listed on MLS without paying that agent a real estate commission.  Instead, they pay a flat fee for the services they want and then perform all the other services themselves.  

 

Can you be too cheap when using a flat-fee listing agent.  Yes, and here's how being cheap can hurt your chances of selling your house... 

 

Original Article: >>> http://blog.agentharvest.com/finding-an-agent/dont-be-too-cheap-when-using-a-flat-fee-listing-agent/

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FOR SALE BY OWNER - MARKETING(FSBO)
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Rainer
321,571
Jack Mossman - The Nines Team at Keller Williams in Stockton
The Nines Team At Keller Williams - Stockton, CA
The Nines Team at Keller Williams in Stockton

Bill - I rarely link to off-site blogs, but in this case I'm glad I did.  Interesting and blanced view ... and comes across as a credible consumer resource.  Good job and thanks for sharing.

Aug 23, 2010 08:25 AM #1
Rainer
28,743
Bill Petrey
AgentHarvest - A Real Estate Agent Finder Service - Dallas, TX

Jack:

Thanks for the complement.  Glad you went to The AgentHarvest Blog.  Wish I didn't have to avoid duplicate content problems.  While I don't think it penalizes you, I certainly want my blog to be listed as the original source instead of AR.

Try to keep it balanced because I think there's a place in this market for both services.  It's like food, you can buy the ingredients, cook it yourself and clean up after, or just go to the restaurant.  Sure you'll pay more, but I've seldom regreted paying more in order to do less.  Plus the restaurant offers more variety, creativity and a broader selection.

Aug 23, 2010 09:08 AM #2
Rainmaker
647,985
Team Honeycutt
Allen Tate - Concord, NC

Amen,  It is a item mentioned every time I do a listing presentation.

shelton

Aug 24, 2010 10:41 AM #3
Rainer
154,128
Julie Nikolaou
RPM Homes, LLC - Appleton, WI

I think that another common problem with Flat Fee sellers is that they are not always willing to put in the work.  Flat Fee can and does work.  But sellers need to understand that the reason they are not paying a full service agent a full service commission is that they are agreeing to take on the work of the full service agent.  We do a lot of Flat Fee listings.  Some sell well, some don't, but the common thread in most that don't is lack of effort on the part of the seller.  I don't mean this to sound like it is 'all their fault', but they have got to put in some effort, or their chances are substantially reduced to sell their home.

Oct 16, 2010 03:27 AM #4
Rainer
28,743
Bill Petrey
AgentHarvest - A Real Estate Agent Finder Service - Dallas, TX

Julie:

I agree.  They have to understand they are basically doing a fsbo with MLS exposure when hiring a flat-fee agent.  Also they need to know that just having an MLS listing doesn't cut it.  It has to be a good one.  That's where being too cheap can cost them.

Oct 17, 2010 10:39 AM #5
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Rainer
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Bill Petrey

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