As a home seller, one of the biggest decisions you’ll make is how to list your property for sale. The traditional route of hiring a real estate agent can be expensive, with commission rates typically hovering around 5-6% of the sale price. Fortunately, more affordable options are now available, including flat-fee MLS listings.
In this blog, we’ll explore what flat fee MLS listings are, how they work, and the best MLS listing services available.
What is a Flat Fee for MLS Listing?
A flat fee MLS listing is a type of real estate listing where a seller pays a one-time fee to have their property listed on the MLS (Multiple Listing Service). The MLS is a database of properties for sale that real estate agents and brokers use to find homes for their clients.
When a property is listed on the MLS, it is also syndicated to other real estates websites such as Zillow, Realtor.com, and Redfin. This exposes the property to many potential buyers, increasing the chances of a quick sale.
How do Flat Fee MLS Listings Work?
Flat fee MLS listings work by providing sellers with access to the MLS without paying a commission to a traditional real estate agent. Instead, the seller pays a one-time fee to a flat fee MLS listing service.
The fee usually ranges from $99 to $500, depending on the level of service provided. Some flat fee MLS listing services offer additional services such as professional photography, virtual tours, and yard signs for an additional fee.
Once the property is listed on the MLS, it is visible to all real estate agents and brokers. Agents can then show the property to their clients and negotiate with the seller.
Benefits of Flat Fee MLS Listings
There are several benefits to using a flat fee MLS listing service:
Save Money:
Flat-fee MLS listings can save you thousands of dollars in commission fees compared to traditional real estate agents.
Control:
With a flat fee MLS listing service, you have more control over the sale of your property. You can set your own price, negotiate directly with buyers, and make decisions about the marketing of your home.
Exposure:
Listing your property on the MLS exposes it to many potential buyers, increasing the chances of a quick sale.
Professional Services:
Many flat-fee MLS listing services offer professional photography, virtual tours, and yard signs to help market your property.
Best Flat Fee MLS Listing Services
Now that you know what flat fee MLS listings are and how they work, let’s take a look at some of the best flat fee MLS listing services available.
Houzeo
Houzeo is a popular flat fee MLS listing service that offers a variety of listing packages starting at just $195. They offer various services, including professional photography, virtual tours, and yard signs.
Houzeo also offers a free home valuation tool to help sellers determine the best price for their property. In addition, they provide a transaction coordinator to help guide sellers through the closing process.
MLS My Home
MLS My Home is another popular flat fee MLS listing service that offers a range of listing packages starting at just $99. They offer professional photography, virtual tours, and a customizable yard sign.
MLS My Home also provides a free home valuation tool and a money-back guarantee if your property doesn’t sell within a certain timeframe.
Beycome
Beycome is a flat fee MLS listing service offering a range of packages starting at just $99. They offer professional photography, virtual tours, and a yard sign and lockbox.
Beycome also provides a free home valuation tool and a free listing on its website, which receives millions of monthly visitors.
Flat Fee Group
Flat Fee Group is a flat fee MLS listing service offering a range of packages starting at just $69. They offer professional photography, virtual tours, and a yard sign.
Flat Fee Group also provides a free home valuation tool and a money-back guarantee if your property doesn’t sell within a certain timeframe.
Redefy
Redefy is a flat fee MLS listing service offering a range of packages starting at just $399. They offer professional photography, virtual tours, and a yard sign.
Redefy also provides a free home valuation tool and a money-back guarantee if your property doesn’t sell within a certain timeframe.
Entry Only New England
Entry Only New England is a flat fee MLS listing service focusing on the New England region. They offer a range of listing packages starting at just $195.
Entry Only New England also provides professional photography, virtual tours, and a yard sign. They also offer a free home valuation tool and a transaction coordinator to help guide sellers through the closing process.
Congress Realty
Congress Realty is a flat fee MLS listing service offering a range of packages starting at just $299. They offer professional photography, virtual tours, and a yard sign.
Congress Realty also provides a free home valuation tool and a money-back guarantee if your property doesn’t sell within a certain timeframe.
Sell By Owner MLS
Sell By Owner MLS is a flat fee MLS listing service that offers a range of listing packages starting at just $99. They offer professional photography, virtual tours, and a yard sign.
Sell By Owner MLS also provides a free home valuation tool and a money-back guarantee if your property doesn’t sell within a certain timeframe.
Conclusion
Flat fee MLS listings offer home sellers a more affordable and flexible option for listing their property for sale. By paying a one-time fee to a flat fee MLS listing service, sellers can list their property on the MLS and gain exposure to a wide range of potential buyers.
Many flat-fee MLS listing services are available, each offering different packages and levels of service. Researching and choosing a reputable provider that meets your specific needs and budget is important.
Overall, flat fee MLS listings are a great way for home sellers to save money and take control of the sale of their property. With the right flat fee MLS listing service, you can successfully list and sell your home without breaking the bank.