Big brainstorm on fee for service real estate virginia
You will still be responsible for the portion of real estate commission due your buyers agent, if they find your home through a broker, but that will still be a fraction of the commission you would owe if you used your own broker. By allowing you to hang out your own For Sale By Owner sign, the Flat Fee Multiple Listing Service grants you the potential of attracting even more buyer traffic to your door, as many prospective purchasers will be more eager to deal directly with you and not through a broker. Attracting a buyer in this manner saves you even more in real estate commission in that there will be no buyers broker commission to pay, either. You can potentially save yourself thousands of dollars. Of course, you will also run the risk of alienating some brokers who may be reluctant to bring buyers to you for that very reason, but using the flat fee system to avoid real estate commission is well worth it.