What Is The Formula For The Volume Of A Square Boise, Idaho Flat Fee MLS

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Boise, Idaho Flat Fee MLS

People want to keep the profit from the sale of their home; if there is no profit, they try to preserve as much of their original equity as possible. No doubt Boise felt the effects of the real estate boom as well as some of the real estate deflation that followed. After all, who doesn’t know someone in Boise who parlayed their generous California home sale proceeds into a Boise-area home or investment property? Also, some of the same investors who bought properties in Arizona and Nevada moved next door to Boise. Years of low interest rates also allowed many more people to enter the housing market at higher prices than before.

To understand the Boise Flat Fee MLS programs, you must first understand how real estate brokerage works in and around Boise. Brokers in Ada and Canyon counties are members of the Intermountain MLS system. (The system is actually quite large and even extends to areas outside of these counties, such as Twin Falls) This MLS system provides a place for realtors to list their properties for sale. It also allows brokers to offer compensation to other broker members when they represent a buyer who purchases a listing. Membership in this system is the primary reason a real estate licensee becomes a Realtor® and joins a local association in the first place.

Because the MLS gives agents and buyers the ability to know exactly what is for sale, what is under contract, and what has recently sold, it has become the de facto marketplace for any property for sale. Someone looking for a 4 bedroom home in Kuna that is over 2000 square feet but within a certain price range can do a targeted search and find exactly that. They can also use the MLS to see recent comparable sales to decide what they want to offer for a property.

Most Boise home sellers still hire a traditional full commission agent to get their property on the MLS. However, some have discovered the fact that you can hire a flat fee MLS company to list your home on the MLS for a flat fee and no listing commission. Although they are licensed as real estate agents in the state of Idaho, they operate on a low-cost, high-volume model that allows them to offer this service. Sellers in Boise and nearly every submarket including Eagle, Meridian, Kuna, Caldwell, Nampa, Middleton, Star and others have successfully sold homes through these programs. The trend clearly shows the growth of these types of listings, and these types of brokers have received all kinds of positive encouragement from the United States Department of Justice, which is interested in increasing competition in the real estate industry. Even sellers who use a traditional agent to sell their home can benefit from flat-fee MLS programs in Boise because their agent must provide proof of extensive service to justify higher fees. Look for fixed fee MLS listings in Boise and throughout Idaho to increase in the coming years.

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