I am considering selling my house because the family needs a larger one. I don't have much equity in my house so thinking about maybe going with a flat fee listing.

Can someone comment on the pros and cons of going that route?

Richard

Flat Fee Listing is one option that may work for you. Make sure you go with a discount broker that will help you with contracts and closing. Usually those brokers will offer a flat fee listing to put it on the MLS + a very small percentage to handle the closing and papers. Unless you are an experienced seller it is not advisable to go with a pure flat fee listing.

Have in mind that you will be saving only on the listing agent commission. Almost all buyers work with an agent so around 3% is your fixed cost anyway.

Is it worth it? I really depends. If I were you I would try to find a good listing agent and see whether he/she will be willing to negotiate the listing %. Full service listings are probably better bets in this very tough market for sellers.