If you are selling your house by yourself, hiring a flat fee MLS listing service can go a long way in increasing the visibility of your listing without burning a hole in your pocket.
Flat fee MLS companies charge a fixed rate to list your home on the MLS. Usually, only brokers have access to the MLS. But they charge a hefty commission. A flat fee MLS company is a cheaper alternative to using the services of a full-service broker.
We have compiled a list of the best for sale by owner sites that allow sellers to list on the local MLS. Let’s get started.
Houzeo is a flat fee MLS company, with nationwide coverage. It is a completely online platform and sellers can fill out, sign, and submit the paperwork on the website or app itself.
It offers four plans, all of which provide MLS access. When you enter your address, Houzeo auto-fills all the data that is publicly available about your house.
The platform also allows you to buy add-on services such as contract reviews, professional showings, etc. a la carte.
However, you do need to shell out more for pricing assistance, which some local competitors provide for free.
Also, you are limited to 10 free changes for description, price, and status in their two popular plans. Most competitors provide unlimited changes for free. You can check Houzeo reviews to know more about them.
2. Flat Fee Group
Flat Fee Group is a countrywide network of agents who offer flat fee MLS listings. For every state, there is a different realtor, which implies that user experience will differ based on the place of residence.
Services and prices also vary from state to state. So, while the company can be a great deal in some states, it cannot be said for every place.
Sellers can create a free FSBO web page besides their MLS listing. In fact, it is also simple to switch to a full-service broker if you think that FSBO is not for you.
FSBO.com is touted to be among the best for sale by owner sites. Its MLS service is priced at $399.95 and will give you 20 listing images in most states. This is kind of a fair deal.
Just remember that FSBO.com does not get you on the MLS directly. It matches you with a state-level broker, who then puts your listing on the MLS. The company also has a package for $99.95, but this will not get you on the MLS and is also not worth your money.
Only it's the most expensive plan which is priced at $399.95 will get you on the MLS. One might find a cheaper alternative elsewhere.
That said, the company does provide a hassle-free listing on the MLS and if you are aware of all the DIY aspects of home-selling then it is a decent option. The website is easy to navigate and the customer service is also quite acclaimed.
Beycome is a flat fee MLS listing provider and uses cutting-edge technology. It has decent customer reviews on major review sites, so this gives validation for good customer support.
The company offers three packages priced at $99, $399, and $599 + 1% commission. The basic package allows maximum images and unlimited changes to the listing. Sellers also get free legal forms and disclosures, an open house scheduler, and other tools to manage home visits. But it requires a compulsory $25 cancellation fee.
The enhanced package has all the features of the basic package in addition to a yard sign, flyers, brochures, and key lockbox. You can even add a virtual tour video of your house.
Beycome’s third package is a virtual full-service package that encompasses full support till closing. But this plan also charges 1% of the sale price at closing. You can check Beycome reviews to know more about them.
Homecoin is another tech-oriented flat fee MLS platform. It offers its services in 10 states. The company claims to be providing affordable FSBO listing. It only has one flat fee MLS listing plan that costs $95 plus a la carte charges.
This plan has a listing term of 12 months with up to 10 free changes to the listing. Sellers can upload a maximum number of photos. Besides, they also get free email and call forwarding.
It is noteworthy though that Homecoin charges extra fees during the FSBO transaction and this ranges from $450 to $2,999.
This can make selling your home with Homecoin really expensive. Nonetheless, Homecoin has a rating of 4.7/5 on major review sites.
So when thinking about how to list on MLS and when comparing different flat fee MLS services it is crucial to consider your specific goals and needs, because they will decide what features are the most important to you. But remember that selling a property entails a lot more than just listing on the MLS. You will also be in charge of open houses, showings, listing descriptions, photography, etc. So, make the decision wisely.