Palm Bay Florida MLS Listings
Once your
MLS Listing has fallen out of escrow or sits on the market awhile, it is harder to get a good
offer. Potential buyers will think you might be getting desperate, so they will make lower offers on
your
MLS Listing. By overpricing your
MLS Listing in the beginning, you could actually end up settling for a lower price than you
would have normally received
Cut-Rate MLS Listing Commissions
With the advent of the web, a lot of agents are offering "cut-rate"
MLS Listing commissions. Most of the time, lower
MLS Listing commissions are tied to a lower level of service. If all you want is to be listed
with the Multiple Listing Service and a sign in the front yard, then a cut-rate commission
may be right for you. If you want an agent who will actively promote your property to other agents
and spend money on advertising, then you probably are not going to get that level of service with a
reduced
MLS Listing commission.
At other times, the lower
MLS Listing commissions are offered when you agree to tie in to other services offered by the
broker, such as agreeing to use a specific lender, escrow, settlement, or title company. The broker
(not the agent) will probably have some type of ownership or profit participation in those
businesses. The problem with agreeing to tie in to these other companies is that they do not have to
be as competitive in pricing their products or services.
Another common practice when you see an ad for a reduced
MLS Listing commission is that the compensation is lowered when you agree to buy your next home
through the same agent or broker. Usually, the reduced
MLS Listing commission is not really being offered on the sale of your existing home but on the
purchase of your next one. The ads are usually unclear on this.
As a result, when you see an offer for a lower
MLS Listing commission, you should analyze what you are giving up by accepting such an offer. It
probably will not be readily apparent in the advertisement. Be sure to ask lots of questions.
Why You Should Not Be Home
Homebuyers will feel like intruders if you are home when they visit, and they might not be as
receptive toward viewing your home. Visit the local coffee house, yogurt shop, or take the kids to
the local park. If you absolutely cannot leave, try to remain in an out of the way area of the house
and do not move from room to room. Do not volunteer any information, but answer any questions the
agent may ask.
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