So, you thought that the buyer's agent is the one one actually selling a property?
If you are not investing the time for marketing, open houses, promoting your property constantly, taking calls and scheduling showings then you are not doing the listing agent's job. You just put on the MLS like you did, and is waiting for it to happen. It is not just listing on MLS in certain markets, you have to do a lot more!
I did list a property on a flat fee in Texas. I had it listed with an agent that did not want to invest on marketing. He kept telling me the price was too high and we needed to drop, so I did it twice. little did I know after a few months later the agency expired and I did not renew with him.
I used a flat fee brokerage, hired a good video/ photographer ($400,00) and did the marketing and sold in 3 days! Over asking price, let me tell you, I listed the same price as the agent had it for 5 months!
You've might saved on a commission split, but you are sitting on a market waiting it to happen. I am not sure who is losing here.
I am an Agent in California - Beautiful San Diego!
