1. What is the MLS?
This is the Louisville Multiple Listing Service, the tool utilized by local Realtors to list and sell houses.
2. How long does it take to get listed on the MLS?
Your listing will be activated within 24 hours of receiving all executed documents and photos.
3. Do I need to pay a commission?
You do not pay a listing commission. The flat fee covers the listing service. You need to offer a buyer’s agent commission, generally 2.5% – 3%. If you find the buyer direct, with no agent, you pay no commission.
4. Are there any other fees?
No hidden fees. There are some optional services you can request at an additional charge.
5. How much does it cost?
The up-front fee is $399. There are other services you can add if you are interested, such as Supra lockbox, Showing Time showing service, etc.
6. Will it be seen on Realtor.com & Zillow?
Yes. It will be distributed from the MLS to those 3rd party portals, and thousands of other sites, including individual agent’s websites.
7. What if I change my mind, can I cancel?
Yes, you can cancel the service at anytime at no additional charge.
8. Can I use a For Sale By Owner sign?
No, For Sale By Owner signs are not allowed on listed properties per KY state law, and MLS regulations. Signs must include the listing brokerage information. We supply you a yard sign.
9. Will agents show my home?
Yes, they will either call you to set up a showing, or use the Showing Time service if you request that. That is the preferred method of scheduling.
10. How do I determine the listing price?
There are online automatic evaluations, or I can provide a more accurate Realtor valuation model, or conduct a full market analysis at an additional charge.
11. What about open houses?
If you want to hold an open house, just let us know and we will post it on the MLS for you. That is currently the best method for advertising opens. There is no charge.
12. Will I get a lock box?
We have Supra lockbox available as an add-on service.
13. Who takes the pictures?
Typically the seller takes the pictures. We can take the pictures as an add-on service. Pictures from previous listings can not be used (unless you took them).
14. How will I receive offers?
Agents will send offers to me, and I will email to you. I will help you with a response. Offers from buyers with no agent may come directly to you. I offer contract writing and transaction management as an add-on service if you need.
15. Do you attend closing?
I typically don’t attend closing on flat fee listings, unless you have hired me to write the contract and manage the transaction. In certain instances I may attend if warranted.
16. Can I make changes to my listing?
Yes, you can send any changes. Most changes, such as price change, will need to be on a signed MLS Change Form.
17. Is my phone number on the listing?
Yes, your number is in agent notes for Realtors to access. No contact information of any kind is permitted in the public remarks. The listing will show up on other agent’s websites, and Realtor.com does not permit contact info in the remarks due to their business model.
18. Is it hard to sell without an agent?
On this plan you do have a listing agent, even though it is limited service you still have access to me as an experienced broker to answer any questions.
19. Does this include a yard sign?
Yes. I have special signs made for this type of listing so you can display your phone number. For Sale By Owner signs are not allowed on listed properties per KY state law.