Here is how flat fee
listings work at Texas Discount Realty:
- Either contact one of our agents or go to our
list your home now page and fill out the necessary paperwork and
fill out our online listing form.
- Your home will then be listed in the local Multiple
Listing Service (MLS). This service is subscribed to by all Realtors
in your area and allows them to know your home is available and
how to show it to the buyers they are working with. You must offer
a commission to the real estate agent if he/she sells your home.
The commission is paid after a successful closing and funding. Texas
Discount Realty is a licensed real estate company and if we sell
your home to a buyer we have showed the home to, we will collect
the commission. The typical commission rate that is offered industry
wide is 3%. If you sell the home to a buyer you have found on your
own, NO COMMISSION IS DUE!
- After your home is listed on MLS, it is automatically
listed onto Realtor.com and your local Board of Realtors site, in
Austin it is AustinHomeSearch.com and in San Antonio it's SAHomeSearch.com.
We have no control over the description in Realtor.com, they use
the features in your home to make their own description. Also, these
sites will have Texas Discount Realty's phone number and contact
information on them, not the owners. This is a default since we
are the listing company in the MLS. There is NO way around this.
- We have Texas Discount Realty yard signs that
you may use free of charge. Our signs have this web address and
your local agents phone number on them. You may also attach a rider
to the sign with your phone number or even put up your own sign
alongside our sign.
You are responsible for setting up and arranging
all showings to agents. You may rent a lockbox from us for access
to your home by agents only. We strongly recommend that you use
a lockbox, unless you are able to open/show the property with only
30 minutes or less notice. Most agents do give more notice than
that, but at times it is not possible to give a lot of notice.
- You are responsible for all marketing activities.
Check with your agent, they may be willing to hold an open house
for you to have the opportunity to sell your home or meet other
home buyers.
- After you have a signed contract, receipt your
contract with a title company. Make friends with the title company.
They are very experienced and close many transactions per day. They
have seen it all. They can and will help you every step of the way.
Contact us for some good title companies we prefer.
- After the house has closed, please have the
title company send us a copy of the contract and settlement documents
so we can submit your home as sold in MLS and we have a copy for
our files.
If you have any more questions, please ask us,
we would be happy to answer them. Email us.
These items are NOT included if you signed up
for service through ForSaleByOwner.com, GoneHome.com, MyDiscountRealty.com,
AustinHiddenMarket.com or any other service that IS NOT Texas Discount
Realty. These items may be purchased separately from Texas Discount
Realty. These services may be purchased from Texas Discount Realty
directly. If you signed up through any of these companies, and offer
less than a 3% commission to the buyers agent, we will refuse to
take this listing.
If you are selling outside of Texas, check out Flat Fee MLS outside Texas.