Wisconsin is touted to be a hot seller’s market, thanks to the increasing property rates. It is also observed that the market appreciated by around 20% in the last couple of years. This also means that the real estate agent commission is high and naturally, the sellers are now looking for ways to save thousands of dollars. Instead of paying 6% to a full-service traditional agent, they now want a super-fast transaction with maximum savings.
Flat Fee MLS Wisconsin is the best way to get there. Sellers can pay a flat fee for a basic MLS listing and then an extra amount for services over and above that. Looking for the best for sale by owner MLS listing service? Here is everything you need to know.
1: When to sell
Given the current real estate market condition, it is prudent to not wait up at all. The reason is increased mortgage rates which have made it difficult for buyers to find affordable housing. Therefore, it is best to take advantage of the seller’s market right now.
But generally speaking, spring is the best time to sell the property in Wisconsin. The month of May-June is considered the golden period where most sale fructifies. Pleasant weather can also help sellers to stage their property, decorate curbs or do some landscaping to attract buyer interest.
2: How to sell a house fast in Wisconsin?
While going for a traditional real estate agent is the most commonly known choice, it is an expensive affair. Also, it is a bit time-consuming so it defeats the purpose of sellers who need to get done with the transaction quickly. Other options include taking a complete FSBO route completely or lastly, paying for a Flat Fee MLS service in Wisconsin.
Going FSBO is not without its challenges because although the sellers save up on thousands of dollars worth of commission, they do not get any help in crucial property matters, legal issues, and the complicated red tape associated with the same. There is a danger that the house might sell for less too.
So how to save up on money but still ensure that the house is sold fast and at a good rate? Go for a Flat Fee MLS company. They not only list your house but also provide you with other essential services like pricing assistance, staging, offer review, closing, and all the key documentation required for the same.
If timeliness is the main concern, then sellers can think about going for ‘We Buy Houses For Cash’ companies. The catch here of course is that the houses are sold for 50% or a maximum of 70% of the market value. This works well if it is a distress sale or if sellers need cash on an immediate basis. These kinds of houses are sold in the ‘as is’ category so the expenditure on repairs and renovation is saved too plus there is no home inspection required for these types of houses. The only major disadvantage of selling your house to a cash company is that you get a much less price but it sellers save up on a lot of time plus sellers get immediate cash on sale.
3: Best For sale by owner MLS listing service in Wisconsin
Flat Fee MLS Wisconsin allows you to save about $9000 worth of real estate agent commission and therefore selling through a Flat Fee MLS site is a smart thing to do especially in a seller’s market like Wisconsin.
Following are the Top 5 Flat Fee MLS services in Wisconsin
A: Houzeo
Houzeo is one of the best tech companies which provides the Flat Fee MLS option in the United States Of America. It is known for its competitive price points, the basic listing service starts at $299 and goes up to $999+. You can get the full services of a real estate agents, albeit virtually if you pay for their premium package. They also have an app with a great user interface that is a guide every step of the way – from listing to closing.
B: Lake Country Flat Fee
One of the most expensive services, Lake Country Flat Fee will cost you around $2995. The package is pricey but includes Comparative Market Analysis (CMA), unlimited changes in the listing, pricing assistance, along with some other features like professional photography and support from real estate experts.
The catch is the price of the course and also that this service is mostly functional in Southeast Wisconsin.
C: Milwaukee Flat Fee Homes
The company advertises a Flat Fee MLS listing at $550 but they have additional charges which are not revealed upfront. At the time of closing, sellers have to pay $1500+ in addition to the listing fee.
In return, sellers get full service from an expert including pricing assistance, CMA, and professional photography to market their property.
D: Flat Fee Realty
Flat Fee Realty offers the cheapest plan to the sellers. The basic plan starts at $159 and their highest package is $299. It is perfect for sellers on a budget for it has great coverage, great pricing, and also the facility to do multiple changes or even cancel your listing.
The catch here is that around 0.1% – 0.25% commission is retained as the buyer’s broker commission. There is no clarity on this therefore sellers should go through the fine print of the contract before signing up for the service.
E: Madcity Homes
Madcity Homes has two packages. The basic package is priced at $500 which includes the listing, photographs along with it, CMA, and also customized yard signs in select areas.
The premium package is $2,500 which includes full services and other facilities like digitization of documents including disclosures, affidavits, amendments, and notices.
4: Conclusion
Selling in Wisconsin is comparatively easy because there is always a demand for housing especially in the spring season when the weather is perfect. To go FSBO in Wisconsin means that the sellers need to take care of everything from pricing, and listing to closing. Thus, paying for a Flat Fee MLS service is the smartest option to sell the house but also save some dollars in the process. If sellers fall into the ‘need to sell my house fast’ category they should go for cash companies that buy houses at a much less rate than the market price but pay in full cash.
