The SILVER Limited Service MLS Listing Package includes the MLS listing on the local REALTOR® MLS. The MLS uploads to all the other national real estate websites. This package does NOT include a Mink Realty yard sign. This package is for MLS and internet advertising only. In addition to the up front fee of $299 there is an additional administrative fee of $250 to be paid to Mink Realty at closing that is shown on the settlement statement.
The SILVER package basically is for advertisement only. It does not include assistance with offers, contingencies, negotiating with the buyer's agent on your behalf, advice or any assistance with the home inspection or repair request. The seller is basically ON YOUR OWN once the MLS listing goes LIVE. If you choose the silver package and then the decide after you receive an offer that you need assistance, you can upgrade to Realtor Assistance for a fee of $800 paid up front online and zero at closing.
Once I receive an offer on your home, I will forward it to you via email. If your property is located in Kentucky, you must sign a seller agency form (for each offer that is received) and return it to me prior to the start of negotiations with the buyer's agent. With the SILVER package, you will negotiate directly with the buyers agent.
Once you have a signed accepted offer or (an executed purchase contract) you must forward that to me along with the seller's disc signed by the buyer within 24 hours. I will then mark your property pending in the MLS. I am required by the local MLS to mark the home PENDING within 24 hours of an accepted contract.
You will work directly with the buyer's agent regarding the repair request after the home inspection in completed. Once you and the buyers have come to an agreement on any repairs that will made, please inform me that the inspection phase is complete so I will know that the buyer is moving forward with the purchase.
When I receive info from the title company, I will forward that info to you. You will need to contact the title company and provide them with the information they need for the closing. They will need your social security numbers and mortgage information for payoff.
The title company will send me a copy of the closing statement 24 hours before your closing. I will forward that to you as soon as I receive it. You should review it prior to your closing. If you have any questions regarding it you should call the title company. If there are any errors on the closing statement, it will need to be corrected before the closing. The seller must send me a copy of the closing statement signed by both the buyer and the seller within 24 hours after closing. You should ask the title company at the end of the closing to email me a copy of the closing statement.
If you are not comfortable handling all the aspects of the real estate transaction such as understanding the offer, contingencies, first right of refusal, and how these and all other aspects of the purchase contract work, I would suggest choosing the Gold or Platinum Package. However, if you choose the SILVER package and then later realize you do need assistance, you can upgrade to Realtor Assistance at any time.
With the Silver package you will owe the buyer's agent a commission of 2.5% -3% (whichever you choose at the time you list) and pay ZERO to Mink Realty at closing. However, you are responsible for showing your home to buyers that do not have an agent. If there is no other agent involved, you will owe ZERO commission at closing. For an additional fee, Mink Realty can write up the offer as long as all the terms have been agreed upon ahead of time for a flat fee of $500. If you would like full representation and have Mink Realty assist with negotiations between the buyer and seller, write up the offer on agreed terms, assist with home inspections, and repair requests and get you to the closing table for a flat fee of $1,500.