Do you live in Minnesota and looking to sell your house, but the real-estate broker fee is intimidating you? To avoid such fees, you may choose to sell your home on for sale by owner websites (FSBO). And if this is the case, a flat fee MLS listing service can help you enhance your listing’s visibility without burning a hole in your pocket.
What are the benefits of MLS companies?
MLS aka Multiple Listing Service is a database of for-sale homes that only licensed realtors can access to list houses for their sellers. Flat-fee MLS firms levy a fixed fee to list your home on the database. Hence, you can save thousands by using a flat fee MLS. Another upside is that for buyer agents MLS is the primary source to find listings on the market for their clients.
But there’s a catch…
It is important to remember that selling a property on your own has a lot more to it and simply listing it on MLS. You will still have to handle the sale on your own. This means managing pricing, paperwork, photography, and negotiations, not to mention coordinating open houses and showings. Unlike real-estate agents, flat fee MLS companies do not step into these waters.
Best flat-fee MLS firms
The whole of the US is dotted with hundreds of flat-fee MLS companies. On one hand are big players like Houzeo that offer services throughout the country. On the other end are several homegrown services.
If finding the best flat fee MLS Minnesota is on your list, read on. Here’s a specially curated list of the top 4 flat-fee MLS companies in Minnesota.
Bronze ($199): This package involves 6 photos with a virtual tour and a 3-month listing. Listing changes can be easily requested online for $25/change.
Silver ($299): Sellers get to upload 24 photos on the MLS, with a 3D or 2D virtual tour. Allows you to list your home for 6 months. Ten listing changes are included for free. You can get extra services like a yard sign, agent showings, etc for an extra price.
Gold ($399): This plan lets you upload the max number of photos allowed by MLS, along with 3D/2D virtual tours. The listing term is 6 months. State and federal disclosures are part of the package. Ten free listing changes. Extra services are available for an additional fee.
Platinum ($999): This full-service package has everything included. The listing term is unlimited, you can upload max photos with virtual tours. It also covers pricing assistance & contract review.
Ideal for: Houzeo’s different plans is ideal for a different set of customers. For instance, the silver plan is suitable for savvy home sellers.
- No hidden costs at closing
- 5-star reviews
- Completely online
- Free anytime cancellation
- Maximum exposure with listing on sites like Zillow, Realtor.com, and more
- Some of the services that are free on a few of the platforms could be chargeable on Houzeo
Real Estate Corners, Inc
Basic ($299): It lets you list your home for 6 months with 24 photos
Ideal for: experienced sellers seeking simple MLS listing
- Several positive reviews praising guidance at every step
- Free cancellation at any time
- Price is more than some competing firms
- Only one package to pick from
- Not an ideal option for those seeking a basic listing on a tight budget
Minnesota Flat-fee MLS
Basic ($99): While the price of the entry-level package is lower than competitors, sellers get to post only 6 photos. This is not sufficient to attract house hunters.
Upgraded ($149): This package allows you to upload as many pics as the platform allows and you can list your property for full six months
Ideal for: Sellers on a shoestring budget
- Free anytime cancellation
- Online reviews are almost non-existent and the phone numbers trace back to a company in Florida. Hence, there is some uncertainty regarding the level of service offered in Minnesota.
Savvy Avenue, LLC
Basic ($295): The basic package has a short timeline, listing your property for just 3 months and includes just 6 photos. State disclosure forms are not part of the package either.
Extended ($395): With this plan, you can list your property for 6 months, giving it a larger exposure with buyers. The number of photos that can be uploaded is raised to 25, including a virtual tour.
Premium ($495): If your property has been on the market for really long, this premium package will let you list it for 12 months. The number of photos that can be uploaded is 50. This package also gives access to tools to promote your house on social media.
Ideal for: Sellers who are pressed for time
- The listing can be managed completely online
- Free cancellation
- None of the packages will assist with the more complicated parts of the house sale
Minnesota also has several smaller flat-fee MLS firms that have more local market knowledge. Every flat fee MLS company in the Bread and Butter State is unique. So, evaluate every option carefully to make more bang for your buck.