Top Flat Fee MLS Companies In America: Reviews And Alternatives!

If you want to be able to sell your home without a realtor, you may want to use a flat fee MLS service. The MLS or multiple listing service is the huge directory of for-sale homes that can help you reach potential buyers. You can list your home on MLS by buying a flat fee MLS package from a company serving your locale like buying it from flat fee MLS Connecticut if your home is in Connecticut.

Typically, only a real estate agent can get your house listed on the MLS. But, a new category of companies called flat fee service providers can do the listing for about USD 200 to USD 400, a fraction of the cost compared to the 3% listing commission charged by an agent. 

Tips for selling a house in a seller’s or buyer’s market

You can enjoy cost savings by selling your home FSBO taking the help of a flat fee MLS listing service. But there is a risk of losing money at the time of closing if you do not partner with a real estate professional with the complete know-how of the sales process. So, when you choose to work with a flat fee MLS company, you have to be on your toes during the complete home selling process. You can expect to handle a majority of the tasks generally handled by a real estate agent like negotiations and pricing, paperwork, showings, etc.

When selling a house on your own, you must know the difference between a buyer’s market and a seller’s market. A seller’s market is said to be a market where there are more home buyers than the homes available for sale. Alternatively, in a buyer’s market, there are more properties and fewer home buyers.

In a seller’s market, a home seller like you would have more control over prices and you can even demand premiums from the home buyer. Buyers may pay up more than the actual sales price in the competitive market. As per research by a prominent economist called Homer Hoyt, seller’s markets generally last 15 to 16 years.

Alternatively, a buyer’s market lasts for about two to three years, when there are more houses on sale than people looking for a house. During this time, as a home seller, you might need to offer more incentives to lure buyers and even be willing to lower your price if required.

Below are some tips for when you are selling a home in a seller’s market:

  • Be ready for appraised home value issues. If you find a buyer for your home and she requires mortgage financing, your home will be appraised by the lender. It may happen so that your home appraisal may come in lower than the sales price you had kept. In such a case, you can do one of the three things: you can either lower your price as per the appraisal, ask the buyer to pay the difference in price or reject the offer outright.
  • Stay prepared to move fast. You may find a home buyer for your house who is willing to make an all-cash offer. This could mean that you have to move out of your current home in just weeks and not months. The best way to tackle this is to have move-out plans ready even before you list your home in a seller’s market.

Below are tips for when you are selling in a buyer’s market:

  • Make the repairs. In a scenario where there are more houses than buyers, your home would need to outdo the competition. And so, it has to be in its top shape. Make structural changes if required and also make all the minor repairs. In case, any repair issue comes up at the time of home inspection, show your willingness to fix it.
  • Offer the buyer to pay closing costs. Again, to stand out from the competition, you can offer the buyer incentives. Some mortgage programs allow you to pay up to about 9% of the buyer’s closing costs. You can take that up to win the buyer.

Top flat fee MLS companies in America

Below are the reviews of some of the top flat fee MLS companies in America and different alternatives you can choose from:

  1. Houzeo

Houzeo offers you the best combination of technology, savings, listing exposure, and support. The online dashboard of Houzeo for sellers is fabulous and better than most other alternatives. It makes it easy for you to manage your listing. You won’t find any Houzeo complaints pertaining to this feature. You can access all of its available features like making counter offers and scheduling showings.

You can choose the gold plan of Houzeo to get access to Houzeo tech, manage showings, and smoothly manage negotiations.

  1. Homecoin

What is homecoin? Homecoin is best for FSBO sellers who can do the leg work and want the cheapest option to list their house on the MLS without paying anything extra.

Homecoin is one of the cheapest flat fee MLS companies. While Homecoin is best if you want to handle everything apart from MLS listing yourself in home selling, it is available only in select states. Also, in case you need any extras like a yard sign or a lockbox from Homecoin, you have to pay a premium for them, which can quickly increase your final bill.

  1. Zillow

Zillow is a real estate marketplace where you can find useful data, inspiration, and information on home selling. Zillow also connects you with the best local agents.

Zillow Offers, previously called Zillow Instant Offers, is a division of Zillow and a hugely popular real estate marketplace in the US. As per Zillow Offers reviews, it is not your traditional listing platform but a cash buyer. 

You can use their online system to get a fast-tracked offer from them. You can then enter your address and provide some basic information about your home. Afterward, as you qualify for all the hurdles, Zillow Offers will send you a no-obligation offer to buy your home. 

Zillow Offers reviews that are hard to find on Facebook, Google, or Yelp as the company is a division of Zillow. If you are looking for a more predictable cost basis and human touch, there are many other discount real estate brokerages that can fit you better. Also, if your goal is to save money, consider low-cost marketplace platforms like Houzeo, Redfin, or Houwzer. 

  1. Beycome

Beycome was founded in 2016 and follows a more DIY approach to home selling when compared to other flat fee MLS services. Beycome, like Houzeo, offers a tech-savvy platform that allows you to manage the complete sale process right from managing showing schedules to making offers with an online dashboard. 

Beycome’s basic package comes at USD 99 and its enhanced package is worth USD 299. You can add max pictures on the MLS, receive free legal disclosures and forms, and make unlimited changes to your listing with the basic package. The enhanced package offers featured listings on Beycome and additional marketing collaterals like websites, flyers, and brochures. 

Beycome is the best option if you are an experienced home seller as you can manage the logistics of your home like price negotiation, showings, and closing by yourself easily. 

  1. Houwzer

is houwzer legit? Houwzer is among the only flat fee MLS services to offer full service. However, you can expect less personalized support as compared to a traditional agent.

Also, Houwzer follows a team-based approach as you get most of the services comparable to a traditional realtor. Someone on the Houwzer team can even assist with items like negotiations, showings, or closing.

Houwzer is good for making the flat-fee savings but if your home is below USD 500,000 you can find better rates elsewhere.

  1. Flat Fee MLS Realty

If you are an inexperienced seller selling your house FSBO, Flat Fee MLS Realty might be a good fit as it offers more support as compared to other alternatives. The company guides you along your home selling journey and offers amazing customer service.

You can choose from Flat Fee MLS Realty’s three plans Silver available at USD 99, Gold at USD 229, and Platinum at USD 499. The basic silver plan delivers much more services for the price as compared to alternatives from other companies.

Final word

The current seller’s market in the US is hot. This is the best time to sell your house and to maximize your profit from the sale choosing one of the above top flat fee MLS companies is a must.