*Assumes 3% buyers commission.
Welcome to Mink Realty. At last.....a smarter way to sell your home! We can save you thousands in commissions. Now you have a choice. Mink Realty's gives the seller a way to sell their home without paying high real estate commissions like most agents charge. We list properties in Kentucky and Indiana.
A Flat Fee MLS Listing Service in the real estate industry is one that the seller enters into an agreement with a real estate broker who accepts a front flat fee rather than a 6% commission of the sale price. The buyer's agent is still offered a percentage of 2.5% - 3% of the sales price. A discount flat fee MLS brokerage typically unbundles the services a traditional real estate brokerage offers and lists the property for sale in the local multiple listing service (MLS) a la carte without requiring the seller to use its services for valuation assistance, negotiating, transaction management and showing accompaniment. Flat Fee brokers are real estate brokers, just like the national brand names, but offer discounted or unbundled services. Most flat fee brokers do offer full service brokerage services.
Within the nontraditional real estate services market, there are multiple programs offered to sellers that share the common objective of saving the consumer money by reducing the overall expense of selling real estate. A "nontraditional service" does not automatically entail "limited service". For instance, some full-service brokers list properties under a full-service agreement but charge a "flat rate" that is not a percentage of the sales price.
You are not a FOR SALE BY OWNER if the property is listed on the MLS. You must place the Mink Realty for sale sign in the yard. A For Sale By Owner sign is not allowed by the MLS rules and regulations.
If we get a call from a buyer that does not have an agent, we will forward that call to you to set up a showing. You will be required to show your own home. If that buyers wants to make an offer on your home, Mink Realty will write up the offer for you, assist with home inspections and repair requests and get you to the closing table. You will owe Mink Realty the buyers agents commission that was agreed upon in your listing contract.