Frequently Asked Questions
MLS for only $499? How does it work?
We list your property on the Northern Kentucky MLS (Multiple Listing Service) www.nkymls.com. This is the same MLS only available to licensed REALTORS® in the Northern Kentucky Market. Your listing also appears on www.realtor.com and over 80 additional real estate website and your home is made available to a world market.
How does my MLS listing get posted on REALTOR.com?
The MLS data automatically is sent to Realtor.com as a result of your MLS listing. Realtor.com sends your listing information out to over 80 additional real estate web sites and you home is available to a World Market.
What are your listing fees?
You pay $499.00 at the time of the listing to 499 MLS Realty. When your home sells you pay a $499 Closing Fee to 499 MLS Realty.
What do I get for $499 Closing Fee?
Your 499 MLS REALTOR works with you to negotiate any and all "Offers to Purchase" you home. We advise you on the strength of the offer as it relates to the sale price, buyer financing and other terms of the offer... including all counter offers, addendums and required paper work to get you home under contract. When under contract your 499 MLS REALTOR will continue to work with you through the "Inspection" phase of the contract, work with lenders, appraisers, title agencies, etc. to help assure a smooth closing.
How much do I have to pay the Buyer's REALTOR?
In your MLS Listing agreement you decide the commission to offer the Buyer's Agent. 499 MLS Realty will list your home in the MLS if you are offering the Buyer's agent a 2%, 2 1/2% or 3% Commission. In real estate terms the Buyer's agent fee is referred to as the "Co-op" fee... only paid when your home Sells at Closing.
How much can I SAVE vs. a Traditional 6% Listing?
Compared to a traditional 6% Listing a $200,000 home seller offering the buyer’s agent 3% commission will save $5,002 (FIVE THOUSAND AND TWO DOLLARS) Review the chart below for savings in your price range
How Long is my listing on the MLS?
Your MLS listing is for up to 12 months. Your listing agreement can be from 3-12 Months. You decide on the length of the agreement. Renewals are Free.”
Who takes care of all the paperwork?
Your 499 MLS REALTOR will visit your home and take care of all required forms to get you listed in the MLS.
Who provides photography of my home?
Your 499 MLS REALTOR will provide photography of your home at the time of the listing. We will place up to 15 full color photographs on the MLS. You may change photos at anytime for no additional charge.
How does a buyer contact me directly?
Many home buyers find properties in the MLS and often do a property drive-by before thay contact a REALTOR to schedule a showing. 499 MLS Realty provides an attractive yard sign. You have the option to have your telephone number as the ONLY number on the sign. If the buyer is not working with a REALTOR this enhances the opportunity to sell to the buyer directly and save the co-op fee. If you prefer... 499 MLS Realty will use our telephone number on the sign and hande all property enquiries.
What happens when a Buyer wants to purchase my home that is not represented by a REALTOR?
Your 499 MLS REALTOR will come to your home and take care of the paperwork. This is part of our ‘Contract through Closing” service. In this scenario you would save the co-op fee and only owe the “Closing Service Fee” of $499.00.
Can I cancel my MLS Listing?
Yes... you may cancel at anytime.
Are you licensed real estate professionals?
YES - Any agent associated with 499 MLS Realty will be a professional licensed REALTOR.
Do you advertise my home?
YES! Your home is exposed to a world market on the MLS at www.nkymls.com , www.realtor.com and over 80 different real estate web sites that receive a direct feed from Realtor.com.