FAQ's: Frequently Asked Questions about Flat Fee MLS
-
What's the difference between full service broker and flat fee ?
-
I heard Illinois has a "Minimum Level of Service" and how does this law affect your flat fee service?
Q) Can I still sell "For Sale by Owner"?
A) Yes!!.. Our listing agreement does not take
away your right to the property itself. If you find the buyer
yourself, you will pay NO commissions to anyone.
Q) How will the MLS help me sell my home?
A) One of the most important factors when selling
your house is to let people know the house is available. The
MLS exposes your home to every realtor in the Metro east Illinois
area. Also your
home will appear on countless web sites, search engines - giving
you maximum exposure. According to studies 70% of all buyers
are represented by a real estate agent, and 90% of homes sold
are sold through
the MLS.
Q) What's the difference between full service broker and flat fee service?
A) A traditional real estate service offers
additional services, such as determining the sale price, making
listing appointments, conducting open houses, showing your property
and negotiating
the sales contract for you. In return for these services the average
real estate company charges between 5-6% (4% with ValuQuest Realty)
of the total
sales price due at closing. On the other hand with the ValuQuest
Flat Fee MLS, you pay us only $389 to list your home in the MLS.
You will however
be required to conduct the sales duties performed by a real estate
agent. If a agent brings you a buyer, you will be required to pay
the buyer's portion
of the commission (typically 2-3%). If you find the buyer, you
pay NO COMMISSION!
Q) Will my listing
look the same as everyone else's?
A) Yes, the MLS has a standard format, and all listings
look the same.
Q) Can I use my "For
Sale by Owner" sign?
A) Yes, you can, but we discourage the use of those
signs. The reason for us discouraging the use of them is that
it may cause confusion with area Realtors and possibly reduce
your amount of showings.
Q) Why should we
choose you and not a national company?
A) We are very competitively priced, but offer much more value than the national
flat fee referral companies. One huge advantage is that we arelocally owned
and operated, so we know and understand your market. If you have a question,
you
can always call or stop by the office.
A) Yes, unlike many listing companies we do not charge
any cancellation fees.
Q) Will agents
from other real estate offices show my house?
A) Yes. We work with agents from other real estate
offices. We offer them a competitive rate for houses sold in the MLS.
ValuQuest Realty takes the discounted commission, not the other agencies.
Q) I heard Illinois
has a "Minimum Level of Service" and how does this
law affect your flat fee service?
A)The state of Illinois passed a law requiring a minimal
level of service for all real estate agents in Illinois. This law
requires that all real estate agents are available to accept
and present all offers, explain forms and be available for questions
through the entire
closing process. This law only applies to offers submitted by
real estate agents. Our support team is available and happy to
assist you with all
questions and concerns through the successful sale of you home.
Q) How do I get started?
A) Simple. Just CLICK
HERE and you will be transferred to a secure order
form. Your home can be listed as soon as 24 hours later!
Q) Is
it true that most houses are sold through the MLS?
A) Yes, its true. According to the National Association of Realtors approximately
80% of U.S. homes are sold through Realtors using the MLS. It is also true
that homes sold though the MLS with a Realtor have an average of 7% higher
net proceeds than FSBO's.
Commissions are not set by law, all commissions are negotiable. The 6-7% is used for illustrative/comparison purposes only. If your home is listed or you are currently actively working with a REALTOR, this web site is not intended as a solicitation of your listing or buyer services.
Missouri Flat Fee MLS Listings
- St. Louis Flat Fee MLS
Illinois Flat Fee MLS Listings
-Alton Flat Fee MLS
- Edwardsville Flat Fee MLS
- Collinsville Flat Fee MLS
- Belleville Flat Fee MLS
-Glen Carbon Flat Fee MLS
-Southern Illinois Flat Fee MLS
-Swansea Flat Fee MLS
-O'Fallon Flat Fee MLS
-Springfield Illinois Falt Fee MLS
-Effingham Illinois Flat Fee MLS
- Mount Vernon Flat Fee MLS
I would recommend ValuQuest Realty to anyone wanting to buy or sell a house. Not only do you get a bargain but you are very well represented .......
-Sherry and Ivan J.
As a real estate investor, selling my homes with ValuQuest Realty allows me to save thousands of dollars in profit, while receiving second to none service.
-Chris M. IL Real Estate Investor
He was very prompt in returning calls and was always available and patient answering our questions. There were no hidden charges: you absolutely save thousands of dollars with him.
-Adam L
I just wanted to say thank you
for all your help and for spending so much time with us...I just wanted you
to know how very thankful we are for our new house and for having such a
great agent (that's you)!
-Paul and Ashley H
