A full-service broker has coverage in my local MLS but Houzeo doesn't. Why should I list with Houzeo?
While there are approximately 550 MLSs across the U.S., including some smaller ones with fewer than 300 members (e.g., Yuma MLS in AZ), covering every single MLS on a flat fee basis is not feasible. The primary reason Houzeo may not have coverage in smaller MLSs is that flat-fee brokers typically do not subscribe to them due to limited benefits and reach.
However, listing with Houzeo still offers several significant advantages:
Wider Exposure Through Larger MLSs: Even if we don’t cover smaller MLSs, your property can be listed on larger MLSs like California Regional MLS (CA), Georgia MLS (GA), and OneKey MLS (NY). These MLSs have extensive member networks with up to 50-60K members, ensuring your property gains substantial visibility and reaches a larger audience of potential buyers.
National Reach: Properties listed on these larger MLSs are syndicated to major real estate websites like Zillow, Redfin, and Realtor.com. This national exposure increases the likelihood of attracting buyers from across the country.
Cost Savings: Recent updates from the National Association of Realtors (NAR) suggest that you could save significantly on commission fees. The new rules allow for:
- Negotiated Buyer Agent Commissions: Buyer agent commissions will be negotiated twice—once when buyers engage with agents and again during the offer review process. This can lead to lower overall commissions.
- No Steering: Since buyer agent commissions cannot be published on MLSs, agents cannot steer buyers away from properties based on commission rates.
- Enhanced Negotiation: Commissions will be included in offer contracts, enabling more transparent negotiations between sellers and buyers.
By choosing Houzeo, you benefit from extensive exposure through larger MLSs and potential cost savings, all while leveraging a cost-effective, technology-driven platform.
Related Articles
Why do I need a listing agent to get listed on the MLS?
To understand why do you need an agent to list your property on the MLS, we would need to learn about the Multiple Listing Service (MLS) <Insert link> and a a Real Estate Agent <Insert link> Now that you know about the MLS and a Real Estate Agent, ...How can I find my local MLS?
How to Find Your Local MLS: While Houzeo takes care of the MLS listing process, having a fair idea about your Local MLS is beneficial. You can use websites like Zillow, Redfin, Realtor.com, etc. to search for your local MLS. Let's use Zillow as an ...Is it possible to list my property for sale without entering into a listing agreement?
1. Listing Only on Houzeo: Yes, you can list your property on Houzeo without a traditional listing agreement. Houzeo offers a simplified listing process that doesn't require a formal agreement. When you list on Houzeo, you're essentially using their ...I want to sell my property myself. I'm not interested in using an agent.
Not wanting to use an agent when you wish to sell FSBO is quite usual and that's exactly what Houzeo gives you. Though Houzeo assigns a Listing Agent to you, you are NOT USING this listing agent to sell your house, rather, this listing agent is only ...Why is there only one option when selecting the listing agent?
Houzeo receives numerous requests from listing agents to join our network. However, we are highly selective and thorough in our vetting process to ensure we partner with only the most qualified agents. Our focus is on providing exceptional service to ...