Curious about listing a FSBO on MLS

[Marielle Walter]

Hello, I am selling a family home FSBO, in the state of Nevada, and I have heard that it is possible to pay a real estate agent (or a listing program?) somewhere in the ballpark of 350 to 400 or so to add the listing to MLS. I would of course like to have my home appear on MLS to get it in front of the real estate agents in the area. Does anyone have thoughts on the best way I can do this, and if there are any challenges I should be aware of? Would I owe an agent more than the first agreed upon upfront fee? (such as owe them a commission when the home sold?) Thanks for your advice.

[Wayne Brooks]

Yes, when you use a flat fee broker, you decide how much to offer the buyer agent. But, offer less than 3% at your own risk. I saw a couple offer 1%, no agent would show it. I see some a t 2%, most agents won't show those either. In fact, I just closed on a $525k condo yesterday for a client on an REO, that was offering 2%. We got a good discount since there weren't that many showings due to the 2%, my clients pay me the difference up to the 3%, further discounting his offer by that 1%.....worked out good for us, probably not so good for the seller. But hey, on paper it looks like you saved 1%, but you have no idea what the buyers would have offered, who never saw your property.