All Forum Posts by: Jorge Zea

Follow @Matthew B. guidelines and you will be OK. 

Google for "Flat Fee MLS + you location" and you should get several. Call and compare. Due diligence is important as always.

8% sounds ok. For Off Site PM

@Brian Pulaski: how much does the service you use in CT charge? What is the name of the brokerage?

@Scott W.'s story is repeated over and over again with Flat Fee MLS listing services. Always use an attorney as he mentions.

Again, not for everyone; but for thise that know they can coordinate it, it is a no brainer. Do the numbers and compare you cas on cash with and without listing agent' commission. You cash on cash is affected disproportionately by a 3% commission.

As mentioned by @Tamara Elliott-Deering Listing Spark is ONLY licensed in Texas (so you might be able to use them) and they do it for $7/day. But consider that in average properties take 90-120 days to go under contract and 30-45 (in a normal sale) to close afterwards so at least you will be in for 120 days - that is $840. 

The $7/day is a teaser rate and investors like our BP population will be able to look through it. Search for Flat Fee Listing services that can really do it for a Flat Fee for a set amount of time. You will be able to find reputable Brokers for $300-$1,000 - 

The system is not for everyone, but BP members have a deeper knowledge of the process that the traditional homeowner (that's why we are all here). You will be doing the job of the Listing Agent .... but, in my opinion, it is the Buyer's agent who will do most of the legwork (contract, deal with lender, appraisals, inspections, title company, clients, etc) ... just make sure you have either a Real Estate attorney (on a flat fee basis too) and/or a title company on your side.

You can do it!! and you will boost your Cash on Cash

Thanks Michael.

Good luck!

This is the recommended (at least by me) method for knowledgeable individuals that know what they are doing and feel comfortable selling the property. You pay a flat fee for the Flat Fee (range of prices out there but most are around $300 and some very good ones as low as $99) listing company to post your property on the MLS and syndicate it through the Internet. You do the job of the listing agent and save (at least) that portion of the commission. For investors and flippers (specially if using leverage) a 3% saving in commission represents a much larger % in the Cash on Cash - rationale: commissions come out directly of your equity but are calculated on the total sales price (leveraged portion + equity). No brainer - do it with a reputable Flat Fee Broker. Google for a good one that is actually a Broker licensed in your state that has a lot of listing (ask for a list of properties listed) - do not use a referral service.

Good luck!

Check it out: won't last long. Just listed - 

FT. Lauderdale addresses:

1300 NW 7th Ave.......... rented.....$1300 per month - $224,999

1243 NW 3rd Ave...........rented.....$1600 per month - $119,900

1312 NW 15 PL..............rented.....$1100 per month - $99,999

1741 NW 18 ST.............rented.....$1250 per month - $99,999

280 Kansas Ave.............rented.....$1600 per month - $219,999

485 NW 30th Ave...........rented.....$1250 per month - $119,999

Pompano Beach addresses:

2840 NE 8th Ave............rented.....$1400 per month - $199,999

1411 NE 41 DR..............rented.....$1350 per month - $155,999

1590 NE 43 CT..............rented.....$1300 per month - $155,999

4140 NE 17 Ave.............rented.....$1300 per month - $155,999

4751 NE 15 Terr.............rented.....$1500 per month - $189,900

4987 NE 14 Ave.............rented.....$1250 per month - $155,999

Other Broward Cities

1361 NW 54th Ave. Lauderhill, FL rented $1600 per month - $199,999

417 SW 7 Ter Dania Beach, FL rented $1040 per month - $129,999

Contact seller directly today:

Floridian Coastal properties, LLC

754-200-0037

[email protected]

Google Flat Fee MLS and there must be a cheap option out in CA. In FL, MA, CT there are reliable good Broker-Direct services for $99. You will have to pay the buyer's agent commission. Check that there are no hidden fees, commissions and that you are dealing directly with a CA-licensed broker and not a referral service. Ask for CA license evidence and sample of listings.

Google Search for Flat Fee MLS listing. Make sure you are dealing with a Real Estate Broker (licensed in your state) and not a referral service. Ask for sample listings and make sure that they list it in the Local MLS for where your property is located. Call on the phone and ask questions. There are many good Flat Fee brokers out there, but there are some websites that are not licensed and a couple of scams as well. Make sure that the State's law allows you to get a Flat Fee MLS listing or Entry Only listing. some states prohibit this - check the Department of Justice website for your state's specific regulations at: https://www.justice.gov/atr/competition-and-real-estate