If you sell your Florida home, you are likely to pay 5% to 6% of your home’s sale price as agent commissions. The listing commission is the largest home selling expense and so many homeowners are starting to ditch hiring a real estate agent and selling their homes FSBO or For Sale By Owner to save money.
You too can sell your home FSBO and the best way to do that is to hire a flat fee listing Florida company like Houzeo to list your house on the local MLS. The listing helps you get amazing exposure in your locality.
The upgrades in technology and the start of many flat fee MLS listing through various companies have made real estate transactions hugely paperless. See the top 6 flat fee listing Florida companies in this blog to make an informed decision.
Is flat fee listing Florida best for you?
While you are considering hiring a flat fee listing Florida company, it makes sense to know the potential shortcomings of flat fee listing services and how much they could cost you.
Below are some things you must be aware of when you are ditching the traditional home selling route and selling your home FSBO with MLS service providers:
- You get less support: As you’d be selling the home on your own, you would have to manage most of the sale process like pricing, photography, negotiations, and paperwork. But working without a full-service agent means you save on the hefty agent commissions.
- Lower sales price: As per the research, FSBO or For sale by owner homes sells for a less amount than the homes sold by agents. So, you must make sure that your selling price is perfectly put up so that you can save good money at the end of the process.
- You still pay a buyer’s agent fee: Most buyers work with an agent and it is home sellers who need to pay them. In the state of Florida, you have to pay a buyer agent commission ranging from 2.36% to 3.04% on the final home sale price even when you sell FSBO.
Also, know about the potential flat fee MLS cost. There are two primary costs associated with flat fee MLS listing services. They are:
- Initial flat fee: As per the package you choose with the flat fee MLS service provider, you’ll have to pay a certain listing fee to get your house listed on MLS. The initial fee can range from USD 200 to USD 400.
- Closing cost: Once you strike a deal with a buyer and close it, as a seller, you are required to pay a part of your equity as title and home insurance fees, home inspection fee, home warranty, buyer agent commissions, etc. as closing costs.
Top 6 flat fee MLS listing services in Florida
Below are the top 6 flat fee listing Florida companies:
The best flat fee MLS website on the market as per Houzeo reviews, the company uses high-tech software to let you list your property on the MLS. The listing agent from the company guides you throughout the home selling process. The flat fee listing Florida company saves you almost half of the home seller’s commission as per Houzeo reviews.
Houzeo answers your question “how to list on MLS by owner” and offers four flat fee listing Florida packages ranging from USD 229 to USD 1200. The company is functional throughout the country and offers great MLS listing packages with advanced features like easy management tools and online offers.
The premium Houzeo package includes services like listing on MLS, filling out federal and state disclosures, marketing and pricing your property, negotiating and selecting the best offer, approaching an attorney or escrow company, and closing out the transaction.
Homecoin is another flat fee MLS platform registered in San Diego and present in nine other states. While Homecoin offers an affordable FSBO listing, you are stuck with an online dashboard that makes it complex to manage your FSBO listing paperwork. Homecoin offers only one kind of flat fee MLS listing package.
Its basic package costs just USD 95 + other charges. Your listing stays on the MLS for 12 months and you are allowed to make ten changes. You can upload a good number of photos and get free email forwarding and call service. Overall, hiring Homecoin can get expensive as you have to pay a hefty charge for extra services.
Beycome is another tech-heavy real estate platform that makes it simple for you to make a flat fee listing in Florida. Beycome offers three user-friendly packages ranging from USD 99 to USD 499. The basic package offers limited services that include listing on MLS, a free open house scheduler, and a home visitor manager tool. You would have to pay for flyers, a lockbox, and a yard sign.
For additional services, Beycome charges 1% of your home sale price due at the time of closing. In their concierge service, they offer comparative market analysis, pricing support, negotiating, and paper support.
- Flat Fee MLS Realty
The owner of Flat Fee MLS Realty, Stephen Hachey, has a strong background with 20 years of experience as an agent and a real estate attorney. The reviews of the real estate company said that Hatchey is responsive and his support can benefit inexperienced sellers. The company often runs seasonal specials that can help you save more money.
However, in certain parts of Florida, you don’t get access to all the services and the company suggests the least buyer’s agent commission of 2%. Flat Fee MLS Realty is a good option in Florida if you have never sold a home as you get support and expertise from a local broker.
- Doug Addeo
Doug Addeo is a famous real estate agent in Florida and a broker for the Flat Fee Group. As per Doug Addedo reviews, the agent offers a high quality of service and even exceeds expectations. While Addeo offers his service across Florida, he has the most expertise where he is located—in Southern Florida.
The basic USD 177 package from Doug Addedo offers a listing on the MLS and a little more. Compared to other basic packages in the list, this package is expensive. Being an independent flat-fee agent, Addeo does not offer many digital tools that can help you. Most support offered is through email.
- List Now Realty
List Now Realty is another nice flat fee listing Florida company that offers its services to real estate investors as well as experienced sellers. List Now Realty offers one basic flat fee MLS Florida package at USD 299 with which your property is listed on the MLS and you can post as many photos of your property as you want. You can even make unlimited changes and renew your listing at no extra cost.
List Now Realty offers good features for a low charge. However, their services are not completely online and so their package does not include transaction management and offer management, and their offline paperwork can delay the closing process.
On average, you might have to pay between USD 200 and USD 800 for a flat fee listing in Florida. But know that each package comes with many different features like more photo uploads, help with online paperwork, and other a-la-carte services. Hope this list of top flat fee listing Florida helps you choose the best MLS listing service provider suitable for you.