With a traditional full service listing, the broker will help you determine a selling price, list your home on the MLS, schedule showings and negotiate the sales contract on your behalf. For these services you usually pay 5% or 6% of the sales price upon closing (this is usually split 50/50 with the buyer's agent). Our flat fee program offers you a way to list your property on the same MLS for a flat listing fee of only $399. In exchange, you assume some of the duties traditionally performed by the listing agent such as scheduling the showings with buyers and buyers agents. If an agent brings you a buyer, you pay only the buyer's agent portion of the commission you offered at closing. If you find the buyer yourself, you pay NO commission at all.
The Buyer's Agent Commission is the amount you are willing to pay a real estate agent that brings you a qualified buyer. This amount is determined by you at the time of the listing and is paid to the Buyer's Agent at closing. This amount should be competitive with other listings in your area if you want to take full advantage of the MLS. While there is no standard rate, these commissions typically range between 2% - 3% of the selling price.
With Midwest Premier Realty you pay as little as a flat fee of $399 to list your home on the REALTOR® owned Multiple Listing Service. You only pay a commission if a REALTOR® sells your home, even then you only pay a commission to the selling REALTOR®. So, even when a REALTOR® sells your home, your commission cost is 1/2 the typical commission!
The table below estimates your savings if the typical commission in your area is 6%, and a REALTOR® sells your home. Don't forget, you pay no commission if you sell your home yourself!
Yes. We do not take away your right to sell the property yourself. If you find a buyer on your own, you pay absolutely NO commission.
Illinois passed a law requiring listing agents provide a minimum level of service to their clients. The law requires ALL agents to accept and present offers on your behalf and be available to you throughout the closing process for questions. This applies to offers submitted by licensed real estate agents only. If we receive an offer on your behalf we will notify you via phone or email immediately then email or fax a copy of the offer to you. We will also assist you during the negotiation process and be available to answer any questions you may have through the close of your transaction.
Absolutely. The Multiple Listing Service of Nothern Illinois (the "MLS") is the largest database of it's kind in the country and most widely used in Chicago and the surrounding suburbs.
Definitely. To sell your home you have to let people know it's on the market. The MLS gives you exposure to over 48,000 real estate agents and the buyers they represent. The fact is that over 70% of buyers use a real estate agent when looking for a home and real estate agents use the MLS. It's that simple.
You bet. As part of our package, your home will also appear on several popular real estate websites. These sites include realtor.com and zillow.com, trulia.com and many many others!
Please note that some of these websites often take a few days to update their information,
Exactly the same. The format is standard for all listings.
We are licensed real estate agents and will gladly answer any questions you have. If you want to make a change to your listing (i.e. price, description, etc.) simply send us your request via email. Your listing will typically be updated within 24 hours.
We strongly recommend that you use a real estate attorney. The attorney will assist you in reviewing signed contracts and represent you at the closing.
No. We don't hold earnest money. You can make arrangements with your attorney or some other third party.
By all means! Flat Fee listings can be extended for an aditional fee. The standard Flat Fee listing is extended for and additional 90 days for only $399. The Premium Flat Fee listing is extended a further 180 days for $499
Yes. Unlike other listing services, we DO NOT charge a cancellation fee. If you are not completely satisfied with our service, you can cancel your Flat Fee listing at anytime within 7 calendar days of activation and receive a 100% refund of your listing fee minus a $50 processing fee (provided that your home is not already under contract to sell during that time!
Yes, you can use your own sign. However, we highly recommend not using a sign that includes the words "For Sale By Owner" when listed on the MLS. This has a tendency to cause confusion and may even deter agents from showing your home. The yard sign provided with our service is professionally designed and made.
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