Seller FAQs

An MLS is a database where agents pool together their listings. An MLS provides a listing agent the ability to offer compensation to buyer agents. If any buyer agent brings a buyer who purchases the property offered by the listing agent, then that buyer agent is entitled to the compensation offered by the listing agent on the MLS.
Yes, there are hundreds of MLS's in the United States. Each MLS has its own rules, database, and members.
Yes, absolutely. You nearly always want to list your property on the MLS that covers your local area. One of the primary purposes of the MLS is that it allows a listing agent to make an offer of compensation to the members of that MLS. Local agents typically will not show your property unless there is an offer of compensation in place on the MLS in which they are a member.
12 month listing on the local MLS, unlimited photos, cancel for free anytime, 10 free changes (after that, $5 per change). Check out our page here for more info.
Yes, you decide how much commission you want to offer buyer agents. Most MLSs require a minimum of $1. It is recommended that you offer a similar amount as other listings in a similar price range (typically 2.5% - 3.0%). homecoin.com NEVER collects a commission and does not represent buyers.
We place your contact information in the private remarks of the MLS (only agents see these). In the vast majority of cases (90%+), buyer agents will read this and contact you at the phone number or email address you provide to us. Occasionally, a buyer will contact us directly (most often via email), in which case we forward you the lead. If the buyer contacts us via phone, we ask them to email their info and we simply forward that to you (we want a written record so there is no confusion by anyone). Note that we do not represent buyers unless you ask us to. We want you to sell your home without paying any commissions at all.
MLS rules prohibit any agent from placing the contact information of the seller in any public facing field on the MLS (they do this to protect the agents). We will place your contact information in the private remarks of the MLS (only agents see these). In the vast majority of cases (90%+) agents will read this and contact you, on occasion a buyer will contact us directly, in which case we forward the lead to you. Note that we do not represent buyers unless you ask us to. We want you to sell your home without paying any commissions at all.
Yes, included with each listing is syndication to all the major websites, including Realtor.com, redfin, zillow, trulia, re/max, century21, and many more. You may also choose not to send your listing to these sites (not recommended).
No. Some websites get you to list through them and then send the listing to a broker in your area, who then emails you a listing agreement and all the actual MLS forms to complete. We DO NOT do this. On homecoin, you select the agent that completes your listing and you complete all the correct forms and listing agreement on our website. No slow, offline, funny business.
For sale by owner (FSBO) means that you are not working with agents whatsoever, in any capacity. Only a real estate agent can list a property for a flat fee on the MLS, so you are technically no longer considered FSBO since you paid the flat fee to have the property listed.

FSBO (not working with agents at all) is typically not successful because nearly 90% of buyers have an agent and that agent will only show your property if you are offering a commission through the MLS. Flat fee MLS solves that problem while still giving the seller a cost savings from not using a commission based listing agent. In addition, the seller may find a buyer who does not have an agent which allows them to effectively pay zero commission (except the original flat fee paid).
An MLS listing goes directly onto the MLS and involves a seller and a real estate agent (the listing agent). A primary purpose of homecoin is to facilitate the process of listing on the MLS for sellers and agents.

We also offer the FSBO listing, which is free and goes onto the homecoin website. The FSBO listing gives you a free website address (e.g. homecoin.com/12345) that you can put on marketing materials or post to social media so buyers can contact you directly.
Yes! You can cancel your MLS listing for free at any time - see our listing agreement in the footer of the website for all the details. You can also choose to hire an outside agent at any time help you. We don't want to constrain your sale in any way.