Frequently Asked Questions
We get this question more than any other.
Read our White Paper. We believe the Real Estate industry is at the cusp of a revolutionary change; the Real Estate Agent will play a smaller role and thus earning a smaller fee.
There is no other fee to our service. None.
Our business model calls for high volume of transactions vs. a traditional real estate office where they depend on a few transactions a month earning $9,000 to $12,000 on average.
NO. The MLS is built and designed for Real Estate professionals only. The general public is not allowed to use the REALTORS® Multiple Listing Service. Only a State Licensed REALTOR® Member may access their local MLS and list a property for sale, or find homes for buyers. This is the same MLS used by REALTORS® in your area, the same as the one you will be listed in, which is accessed by local Agents in your area.
Yes, the vast majority of homes are sold through the MLS due to the large network of REALTORS® working with home buyers.
YES. Your MLS Flat Fee Listing will look exactly the same as any other listing. There is no way to tell how much you paid to get on the MLS. Regardless of whom you listed with or what you paid, your listing will look no different from any other listing in form and style. The listing broker's name appears on the MLS. Our flat fee listing method gets your property on the same MLS exposure used by other local REALTORS®. Your listing will appear the same as all other mls property listings.
We do not recommend marketing your listing as for sale by owner for the following reasons:
- FSBO unfortunately attracts bargain hunters only. They feel you are desperate to sell and will offer only ridiculously low prices.
- It may scare away local buyer agents as they are afraid of losing their commission.
- It attracts unethical local listing agents to solicit your listing: exaggerate their ability to get more money for your home, selling faster, etc.
Once you are on the MLS, you just hired 1000+ buyer agents working for you.
The industry is changing. We expect Realtors to be less involved in the transaction as it becomes more digital and less manual, and some folks have yet to wake up to this new reality. This is why we are a leading firm in the market.
Your home should sell quickly if priced right, in a good location and shows well.
We will provide you a report showing historical data of similar homes to yours, including Days on the Market.
In addition, the MLS & REALTOR.com® will draw maximum attention to your home.
*Research (here) and Forbes article (here) shows there are no difference in selling by owner and selling with a traditional realtor as far as days on the market and selling price on comparable properties.
The MLS flat fee listing is good for 6 months. Most homes are sold within a couple of months of listing or sooner. Many homes listed have sold within days to a week.
Please contact your account manager to cancel your listing at any time.
If you have lost access to your PadBlock account, please contact us at contact@padblock.com.