Wednesday, February 25, 2009

ARE YOU LOOKING FOR MOTIVATED SELLERS? YOU HAVE OPTIONS VOL 3

If you are an investor or entrepreneur and are looking for motivated sellers that are desperate to sell their houses read on. There are many more options available than there used to be regarding HOW motivated sellers can sell their houses.
Today’s real estate news seems to be filled with doom and gloom. However, motivated sellers have a lot of options. Learn more about these options and how they effect you, in this easy to read 3 volume blog.

In volume 3 we’ll discuss another option for a motivated seller to sell, called “Flat-Fee MLS”. It can also be referred to as “flat rate MLS” or “fixed fee MLS”. This is an extension of FSBO (for sale by owner) in which the property is listed in the MLS for a set fee or dollar amount. Flat-fee MLS sellers are not committed to paying a commission. The “flat-fee MLS” option allows the seller to cut out the listing broker's commission completely, thus reducing the seller's payment either completely or in half (if there is a buyer agent). The MLS is the main source of information for realtors and this allows motivated sellers access to this marketing tool without paying 5%-7% of the property sale in commission to agents. For that reason this option (usually costing $200-$500) is typically much cheaper than traditional “seller agency”. However a lot more time and energy has to be allocated by the seller in order to find a buyer and close a deal.


How this relates to you as an investor/entrepreneur is that this is going to be a more approachable motivated seller lead. Flat fee MLS clients are usually motivated sellers that see the big picture and will use less traditional methods in order to sell their property. This type of motivated seller is confident, comfortable selling without agents, and is eager to hear from buyers/investors/entrepreneurs. Often this type of motivated seller gets irritated with or doesn’t have the time/resources to do all that is necessary to find a buyer. Investor purchasing is a great way for them to be done with the sale of their house quickly and without all of the stress.

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