The MLS is the Multiple Listing Service. It is the place were all of the real estate brokers and agents share all of their listings with all of the other brokers and agents who are members. It’s like a clearing house that makes it possible for an agent in one office with a buyer prospect to find a suitable home listed with another agent in another office. It’s a great tool!
Our Oahu MLS is operated by the Honolulu Board of Realtors and almost every real estate broker on the island is a member. It is a wonderful, up-to-date MLS that is so effective at matching buyers and sellers that today, more than 80% of all residential sales on the island involve two brokers and two agents who come together with a buyer and seller through the MLS.
At Help-U-Sell Honolulu Properties, we routinely put our listings in the MLS and make an attractive compensation offer to agents and brokers who may have a suitable buyer. We believe in the MLS and use it every day in our business.
But, there is down-side: it’s expensive. Think about it. You’re hiring an agent to list and sell your house. The agent works for a broker and both have to be compensated. But you’re also making allowance for that outside MLS agent and broker who may come in with the buyer – they have to be paid too. Ultimately that 6% commission has to be enough to compensate two brokers and two agents!
Of course, we don’t do it that way at Help-U-Sell Honolulu Properties. We charge our home sellers a reasonable set fee to list and market their property and to represent them through the process. We make allowance for the possibility that an outside MLS broker and agent will come in with the buyer, but if none is involved in the transaction, you, the seller, don’t pay for one!
It’s just one of the ways we are able to save our home sellers thousands of dollars in commissions. There are other ways, too. Truth is we save every seller thousands over what the’d pay an ordinary real estate broker no matter how their home sells. Before you pay $30,000 – $50,000 or more to sell your house, call us and let us show you how we can save you a lot of money without giving up anything.