The fixed fee MLS list is very effective in St. Louis because almost all homebuyers today use online tools in their home searches. These digital platforms mainly take inventory from local MLS databases to ensure the latest homes are displayed.
Additionally, buyers’ agents often rely on MLS data to find attributes that suit their customers, a key tool designed to effectively attract sellers with a wide audience.
Alternatives to St. Louis’ Fixed Fee MLS Services:
If the fixed fee MLS service doesn’t seem to fit your sales needs, consider the following other options:
- Fixed real estate agent: This option involves a fixed-fee real estate agent, which offers limited services for a flat rate, typically between $3,000 and $5,000, and has potential additional service charges. This is ideal for sellers who seek more control but still need professional guidance.
- Discount Broker: Interact with discount real estate agents, which provide essential services in reduced commissions compared to traditional agents. Although they are more costly than fixed-fee MLS services, they provide a lot of support.
- Full-service, experienced real estate agent: Working with a full-service real estate agent, he provides comprehensive services and leverages a wide range of market knowledge and local connections. This option is best for those seeking expert guidance and potentially faster and more profitable sales results.
Will I save money with a fixed fee MLS listing service?
While using a fixed fee MLS service in St. Louis can save immediate commissions, it is important to consider the potential impact on the home’s final sale price.
According to research by the National Association of Realtors, homes sold by agents are often significantly more expensive than selling FSBOs. The median selling price for agents is $435,000, while the FSBO home is only $380,000, which translates into a substantial difference in profits. Therefore, while the fixed expenses of MLS can provide initial savings, the ultimate net profit when choosing to sell FSBO may be reduced.