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  Jack & Shiela Mclemore
  Jack and Sheila McLemore

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For Sale By Owner Texas
  


What is the Multiple Listing Service?  Also known and referred to as the "MLS".

Listing your home on the MLS is crucial if you are serious about selling!

The Multiple Listing Service (MLS) is the National Association of Realtors (NAR) computerized list of homes currently for sale. This is an exclusive tool, only available to the 700,000 members of the NAR. The MLS is the primary tool used by Realtors to find homes for their buyers, and for most Realtors and buyers, it is the only tool they need to find the right home for them. Realtors search the MLS daily to find potential matches for their buyers, thus when new listings are entered, they are immediately evaluated by thousands of Realtors with prospective buyers, making your house rapidly popular.

How will I save thousands by ordering the MLS option?

Keep in mind if you sell your own home,
you do not pay the 3% buyer agent commission

 

Selling Price

Traditional 6% Realtor Commission

Broker Direct MLS 449 + 3% Commission

Your Savings

100,000

6,000

3,499

$2,501

125,000

7,500

4,249

$3,251

150,000

9,000

 4,999

$4,001

175,000

10,500

5,749

$4,751

200,000

12,000

6,499

$5,501

225,000

13,500

7,249

$6,251

250,000

15,000

7,999

$7,001

275,000

16,500

8,749

$7,751

300,000

18,000

9,499

$8,501

325,000

19,500

10,249

$9,251

350,000

21,000

10,999

$10,001

375,000

22,500

11,749

$10,751

400,000

24,000

12,499

$11,501

500,000

30,000

15,499

$14,501

600,000

36,000

18,499

$17,501

700,000

42,000

21,499

$20,501

800,000

48,000

24,499

$23,501

900,000

54,000

27,499

$26,501

1,000,000

60,000

30,499

$29,501

Is this the same Multiple Listing Service (MLS) to which all area Realtors belong? 

Yes.  All participating MLS Realtors belong to their local association of Realtors. Wherever you may be located, we will have a Nationwide Network of Realtors and will place you in the proper MLS for your area.

Will my listing appear on the Web Sites of other local Real Estate Companies?

Broker networking is where brokers give each other permission to share their listings on each other's web sites. Your listing will be displayed on other local real estate company active listings personal web sites.  Thus a buyer working with another real estate company who does a search will have your listing in the database.

Will my property be listed on the Internet?

Yes.  Please see Listing Programs page.

If I find my own buyer, will I still have to pay a selling commission?

No.  You still maintain the right to sell your home on your own.  If you find your own buyer, you will not be obligated to pay a commission on the sale.

Will Realtors show my home even though I went Flat Fee Listing instead of paying a high commission? 

Yes.  There is no way to tell how much you paid to get on the MLS.  Regardless of whom you listed with or what you paid, your listing will look no different from any other listing in form and style.

Will Realtors contact you or me for a showing?

You.  Realtor's will call before a showing or a preview of your home.

How long is the MLS listing period?

Listing term varies per listing program, but can be up to 12 months.

Must I have a lockbox?

No, but Realtors depend on quick access.  Realtors show many homes within a very short period of time, access to your home may make a difference.  We strongly recommend a Realtor lockbox.

How do I make changes to my listing?

You may make multiple changes to your listing by contacting us.

Will my listing look the same as a full listing commission to a traditional agent?

Yes.  Your listing will look like all the other listings on your local MLS.

Is it true that Realtors using the Multiple Listing Service (MLS) sell most houses and that they usually sell for a higher price?

Yes, it's true on both accounts.  According to the National Association of Realtors, approximately 80% of all U.S. homes are sold through Realtors using the MLS and homes listed on the MLS average net proceeds of 7% higher than homes sold for sale by owner.

The MLS will give you maximum exposure and this is the key to a successful transaction. There is no other effective way to sell your property and be successful.

How do I get started? ...  Click here!

The MLS gives you access to thousands of other realtors on call 24/7 to sell your home.

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Jack Mclemore, MLS Broker # 0460808
For Sale By Owner Texas Realtor

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