Is selling a home in Florida without a traditional Agent using a flat
fee MLS listing more work than paying a 6% agent?
The answer depends on whether the home is owner occupied or vacant. If
vacant, our ADDvantage Success flat fee listing offers exactly the same
features and service level of a 6% traditional listing but, listing your home with our
ADDvantage Success plan saves about 45% in real estate commissions.
The cost of the ADDvantage Success plan is $699 up-front and 1/3 of 1%
at close. The seller pays the buyer's agent typically 3% but has the
right to offer any commission to the buyer’s agent. Some flat fee MLS
sellers using our Success plan offer 1, 2, 2.5%, 3 and some even 4%.
If a seller offers 4% or greater buyer’s agent commisison, then our marketing
Changes a bit to include our Street Smart ADDvantage Realtor eblast.
Realtors prefer a 3% buyer's agent. But, some by owner MLS sellers offer
even more commission to the buyer's agents with our Street Smart
ADDvantage Realtor ablest plan. This bi-weekly Realtor ablest does
garner quite a bit of extra attention as few properties offer 4 or 5%.
As the broker for ADDvantage, I refrain from engaging any of my flat fee
MLS sellers about how much commission one should offer to buyer's
agents. It doesn't go over well and I am often wrong when attempting to
offer "commission coaching." It reminds me of a situation back in 2005,
where a seller offered 1%. I made such a call and assured this client
that 1% wasn't going to attract the Realtors. Well, she promptly called
my office and complained about my call and suggested they fire me. This client
did sell her cute 1930's 100% rehabed bungalow offering that 1% commission.
But, that deal fell through because the
buyer couldn't qualify. Two weeks later, she sold it again with that
that same 1% commission to another buyer being represented by a Realtor.
So much for giving advice!
Back to the question, “is selling a home in Florida without a traditional
agent using a flat fee MLS listing more work than paying a 6% agent?”
If the home is owner occupied, our flat fee MLS business model does require the
seller to either use a lock box or show the home once a showing is
requested. This might be exactly the same condition when working with a
traditional 6% agent. The only situation where our business model can't
accommodate is when owner occupied and the requests the listing agent to
The last comparison is service. Our overall service at ADDvantage far
exceeds any traditional full-service agent because ADDvantage is open
for business 7 days a week 12 hours a day from 8:00am to 8:000pm.
Sellers, buyers, Realtors and others seeking help about their
listing in the MLS or possibly a Realtor calling for showing
instructions are assisted in real-time, everyday 7 days a week. No Realtor offers this because
when they are working with buyers, they are often not available by phone.
ADDvantage is always available and that is evidence by our hundreds of
testimonials from our happy and successful flat fee MLS sellers in Florida.
ADDvantage is a facilitator of real estate transactions. We represent
many sellers from listing to closing with our ADDvantage Success plan. If
the by owner just wants our marketing including the MLS, Realtor.com,
Homes.com, Yahoo and hundreds more sites but wants to "self-represent,"
then our traditional flat fee MLS listing for $349 works great.
So, why list with a traditional 6% agent? That is another blog called
"Why Flat Fee MLS Listing is Exactly the Same as a 6% listing but saves
Call us anytime at 1-877-232-9595 or 727-942-2929. We also offer some
sound advice about "selling a home in Florida without an agent."