DOES IT WORK?
Available for real estate located in the United States only.
With our Flat Fee MLS service a real estate broker will list
your home in your local MLS as occurs in the traditional
process of hiring a Realtor. Because you are selling "For
Sale by Owner"
(FSBO) you pay only a few hundred dollars rather than a listing
As is typical with a FSBO, you still show your own home, take
your own photos and negotiate your own
price. All inquiries about your
property come to you. You communicate directly
with your assigned Realtor to keep your listing current in the local MLS
and on Realtor.com. Your listing on Realtor.com will showcase
your property to over 6.6 million monthly buyers! The only other way to get a property
listed on Realtor.com is to list with a Realtor and pay a full
You also reserve the right to terminate your MLS listing or make
changes to your listing at anytime. Best of all, because
you are paying the assigned listing broker an upfront amount of
a couple hundred dollars (via VirtualFSBO.com), you will
not pay a listing commission. This saves you thousands of
MUCH WILL YOU SAVE?
spoke to a homebuilder in Oklahoma City who used the
VirtualFSBO.com flat fee MLS service to sell a home he had built
and he saved $27,000 in commissions. He sold the home for
$450,000 to a buyer who found his property on Realtor.com. His
savings was 6% of the selling price.
you list your home with a typical Realtor, you can usually
expect to pay them a commission of 6% depending on the
market and location. Traditionally, your Realtor lists your home
in the local MLS and offers half of their commission (3%) to any
other Realtor who can bring them a buyer. However, with our flat-fee
MLS option, you cut out the listing Realtor's commission completely, thus
cutting your paid commission either in half or in full. No
commission is paid if the buyer of your property does not hire their own
broker or Realtor. With our Flat Fee MLS service, you have two
1. If you allow a showing of your home from a broker other
than the one listing your home, you will be agreeing to the
customary commission of 3% (sometimes negotiable).
However, you retain the right to sell your home yourself and not
pay a commission. If you elect to sell your home through the
broker that showed your home to his/her buyers, your maximum
cost will be 3% + the MLS Listing Fee of a few hundred dollars
paid to VirtualFSBO.com. You are
basically saving half of the commission normally paid when
having a Realtor to sell your home. Savings in this
example would be about 3% of the selling price of your property.
2. If you sell your home yourself; through VirtualFSBO.com,
Realtor.com, any form of marketing done by yourself, or from
someone who did not
hire their own broker, your costs will be limited to the
initial Flat Fee MLS charge of a few hundred dollars. Savings cost in this
example is about 6% of the selling price of your property.
This hybrid selling system is especially useful when you need a
quick sale. Your selling costs can range from 0% - 3% depending
on whether or not your buyer has hired a Realtor to represent
them. The savings are significant, usually thousands
of dollars. Please email us with any questions you have on how
the program works.