About Us

Fee Simple Realty - Flat Fee Realtor

7214 West Touhy Ave
Chicago, IL 60631

(847) FLAT-FEE [352-8333]
Fax: 773-763-1333

info@feesimplerealty.com

http://www.FeeSimpleRealty.com

 

Listing your Home or Property with Fee Simple Realty is so simple. Just Print out the required forms for your property type. Fill out the forms completely and accurately. Sign them and mail, fax, or e-mail them to us. Once we recieve your forms, Fee Simple Realty will contact you to confirm your information and enter your property into the Realtor MLS usually within 24 hours.

Your Listing will then appear on the MLS, complete with Photo taken by the MLS or provided by you (jpeg only), until your property sells up to one year. After 24 to 48 hours your property will automatically made available to Professional Real Estate Websites (Realtor.com, ChicagoTribune.com, Homes.com, etc.) which will upload your property information directly to their sites. Each of these sites works on their own download schedule but usually online within the first week. Fee Simple Realty has no control over data feilds selected to be displayed by these sites or how long it takes them to display such information.

From there, Agents and Buyers will call you directly to schedule appointments. If a Buyer without an agent buys your home you pay no other fee or commissions. If a Buyer Represented buy an Agent wants to purchase your home, Their Agent will write up a purchase offer. We will then present that Offer to you and Professionally help you Develop, Negotiate and Present Counter Offers. Once an offer is accepted your Attorney will take it from there. At Closing the Buyer's Agent is compensated the predetermined Commission you Decide to Offer less a $150 Administration Charge paid to Fee Simple Realty. It's that simple! Basically all you will be doing is scheduling and arranging appointments, we even have lock boxes if you are not available for REALTOR showings.

Listing your property involves filling out 4 forms and being aware of your responsibilities as a seller as described in our Listing Agreement. Our low one time Listing Fee of $750 is payable upon the Listing of your propery. Payment can be made by check or all major credit cards. Our 1/2% option is available if you want take advantage of not paying an upfront fee. Please see below for more information, click on "Sell" for our Listing Forms:

The Listing Forms

  • Listing Agreement
  • Property Input Form
  • Residential Real Property Disclosure
  • Lead Based Paint Disclosure

Sellers Responsibility

  • Provide complete and accurate information on the listing forms
  • Arrange appointments for showing with buyers or other realtors
  • Show your property - Lock Boxes Available
  • Coordinate closing with buyers or representatives
  • TIMELY REPORTING OF PROPERTY STATUS:
    within 24 hours if you Sell to Your Own Buyer (i.e.- Pending / Closed / Canceled) Failure to Report Status Can Result in Fines from the MLS

The Cost

  • $750 One Time Flat Fee
    this includes MLS Listing, Premium Internet Exposure, Illinois Law Mandated Offer/Counter OFfer Presentation and Negotiation and much, much more!
  • If You sell Your Property on Your Own, YOU PAY NOTHING ELSE!
  • If a Realtor brings you a qualified buyer, you pay them their predetermined commission usually 2% to 3% less a $150 Administration Fee to Fee Simple Realty
    EITHER WAY, YOU PAY FEE SIMPLE REALTY NO ADDITIONAL CHARGES

Fines

The Multiple Listing Service is very strict about their database. In order to keep it as up to date as possible we must keep the MLS updated with respect to property status. This means any contract which is accepted, contingent or not, must be reported within 24 hours of acceptance date, no exceptions. If you sell your home to your own buyer you must notify us immediately or be subject to fines charged by the MLS for failing to report property status in the specified time. Notification is very simple just give us a call or send us an email then fax over the signed sales contract when you accept an offer and then at closing fax us the RESPA (settlement statement), it's that simple.

Additional Services

  • Money Back Offer
    If you desire, Fee Simple Realty will refer you to a FULL SERVICE Realtor of your choice. Upon sale and closing of your property with that realtor, we will refund your listing fee with us.
  • Yard Sign & Window Signs
    with your phone number for no extra charge. Attractive / Heavy Duty
  • Virtual Tour
    Add a 4 shot 360 degree Virtual Tour of your property which will appear on the MLS and Realtor.com for only $149.95
  • Lock Box / Keybox
    For easy showing consider adding a SUPRA Electronic Lockbox. Only $50 ($50 dep also required)



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