Choosing to sell your home For Sale By Owner (FSBO) in Missouri can be a worthwhile experience. However, it may also limit your visibility since the multiple listing service (MLS) is usually restricted to licensed agents. But the good news is that many companies offer flat fee MLS Missouri services that let you post for a set cost, ensuring visibility without paying full commissions.
While going the FSBO route can be less common and somewhat challenging, it opens doors to significant savings and control over your sale. However, it’s not suited for everyone.
Throughout this post, we’ll dig into the pros and cons of using a flat fee MLS listing service, highlight some companies in Missouri, explain how the process works, and provide you with some alternatives.
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What is a flat fee MLS listing service in Missouri?
In Missouri, a flat fee MLS service allows FSBO sellers to list their properties directly on the local MLS. Usually, only licensed real estate agents can access this comprehensive database, which details homes for sale, providing vast exposure among real estate professionals. By listing on the MLS, sellers ensure their properties have the same visibility on major home search platforms, which is crucial for attracting potential buyers.
In a nutshell, a flat fee MLS service enables homeowners to bypass conventional agent fees, placing their homes on the MLS for a predetermined, one-time charge.
How much does a flat fee MLS service cost in Missouri?
The cost of using a flat fee MLS service in Missouri varies widely based on the provider and the range of services included. Fees can start as low as $100 or less for basic listing packages, making it an affordable option for sellers confident in handling most of the sales process themselves.
Meanwhile, some services may charge up to several thousand dollars, especially when extra features, such as a comparative market analysis, are included. These more comprehensive plans not only assist in pricing the home competitively but also offer additional support that can ease the selling process.
Flat fee MLS listing companies in Missouri
Flat Fee Guy
Flat Fee Guy is headed by a licensed real estate agent with almost two decades of experience and strong ties to Kansas City. It provides a cost-effective alternative to traditional commissions by listing homes on the MLS for a straightforward flat fee.
With the company’s solutions, sellers get the same MLS visibility as they would with a traditional agent but avoid paying steep commissions. In addition to flat fee MLS services, Flat Fee Guy also offers property valuation tools, giving homeowners quick estimates based on their home details.
Service areas: Key areas in Missouri, such as Kansas City, St. Louis, Springfield, and Wichita
- Springfield: $799 for access to GSBOR MLS, 12-month listing term, up to 50 listing photos, unlimited listing changes, contracts and disclosures, and market analysis
- Kansas City: $899 for Springfield inclusions and access to Heartland MLS
- The St. Louis: $899 for Springfield inclusions and access to MARIS MLS
Flat Fee Guy, accredited by the Better Business Bureau (BBB) since 2020, maintains an A+ rating. On Google, the company holds a 4-star review average, with clients praising the team’s professionalism throughout the selling process. Reviews highlight clear, timely, and consistent communication, as well as the useful resources that helped make selling a home straightforward and stress-free.
Website: flatfeeguy.com
Phone number: 816-714-6920
Flat Fee Redefined
Flat Fee Redefined is a flat fee MLS brokerage firm that provides homeowners with an affordable way to sell their properties while keeping more of their equity. By providing MLS access for a set fee, the company helps sellers gain broad exposure on top real estate platforms without the burden of traditional commissions. Moreover, clients can oversee important details of the sale, like pricing, showings, and negotiations, while still having professional support available throughout the process.
Service areas: Various counties in Missouri, including Greene, Christian, Polk, Stone, Taney, and Webster
Listing fee: $3,500 for professional photography, comparative market analysis, yard signs, lockbox, and contract and inspection negotiations
Flat Fee Redefined earned a perfect review score of 5 out of 5 stars on Google. Past sellers share that the company delivers top-notch service, paying close attention to making the selling process smooth and enjoyable. From professional photos to MLS listings and creative marketing, the experience feels seamless.
Many note the team’s constant availability to answer questions and provide support. Others recognize the thousands they saved in commissions.
Website: flatfeeredefined.com
Phone number: 417-520-6545
Byowner.com
ByOwner.com has been helping homeowners sell their properties more easily and profitably since 1996, drawing on almost three decades of experience to simplify the FSBO process. The company offers professional agent consultation, social media marketing, and market research, in addition to syndicating listings to major real estate websites.
Service areas: Nationwide, including Missouri
- $95 for forms and contracts, up to 50 listing photos, a cash offer from a nationwide homebuyer, and listing changes
- $195 for a six-month listing term, open houses, and online showing service
Known for reliable service, ByOwner.com holds an A+ rating with the BBB and a 4.1-star average on Google. Homeowners say the platform makes selling straightforward, with many closings happening quickly. Reviews often emphasize the clear guidance and responsive support, describing the service as dependable, user-friendly, and efficient.
Website: byowner.com
Phone number: 800-296-9637
ISoldMyHouse.com
Founded in 1997, ISoldMyHouse.com helps homeowners sell their properties while retaining a larger share of their equity. Its flat-fee MLS service ensures listings appear on major sites like Zillow and Realtor.com. Sellers stay in control of their sales and save significantly on commissions, as the company provides user-friendly tools and straightforward guidance that make the process simple.
Service areas: Nationwide, including Missouri
- Get Listed: $299 for up to 10 photos, lead forwarding, and cancellation anytime
- Get Sold: $399 for Get Listed inclusions and up to 25 listing photos
Accredited by the BBB since 2018, ISoldMyHouse.com holds an A+ rating. On Google, the company received a 4.6-star average, as many praise the team for connecting them with serious buyers. Some even recognize being able to speed up deals, while others highlight the platform’s ease of use and clear instructions. Overall, several sellers recommend the company’s services to those looking for smooth home sale transactions.
Website: isoldmyhouse.com
Phone number: 855-283-0001
Homecoin
Homecoin offers homeowners a cost-effective flat-fee MLS service to sell their properties. Listings are posted on the MLS and shared across major real estate websites, increasing exposure to potential buyers. With flexible flat-fee options, sellers retain control over key aspects of the sale, including pricing, showings, and negotiations.
Service areas: Missouri and 20 other states
- Basic: $95 for a 12-month listing term, up to 25 photos, 10 free listing changes, and disclosure forms
- Review: $99 + $95 (MLS listing fee) for Basic inclusions, listing form review, up to 1 hour of live support via phone and screenshare
- Full Service: $299 + $95 (MLS listing fee) for Review inclusions, up to 1.5 hours of live support, kick-off call, and dedicated staff member
Homecoin achieved a 4.4-star Google rating, with clients praising its affordability and user-friendly platform. Reviewers commend the company for making FSBO sales simple and efficient and letting them save significantly on commissions. Many recommend it as a reliable, cost-effective way to sell a home.
Website: homecoin.com
Phone number: 888-400-2513
FSBO.com
Established in 1997, FSBO.com provides homeowners with a cost-effective alternative to traditional real estate agents through its flat-fee MLS listing service, helping buyers and sellers connect efficiently. The platform lets sellers stay in control of their transactions while gaining MLS exposure. The listing packages come with forms and contracts compliant with state laws.
Service areas: Nationwide, including Missouri
- FSBO Package: $99.95 for a six-month listing term, unlimited photos and one video, Redfin listing, and yard sign
- MLS Package: $399.95 for syndication to Zillow and other websites
FSBO.com, recognized for its business integrity, holds an A+ rating with the BBB. Reviewers on Facebook describe the platform as straightforward and easy to use for selling a property independently. Many praise its intuitive interface and responsive customer support, making it a reliable and effective choice for those choosing to sell their homes without a real estate agent.
Website: fsbo.com
Phone number: 800-690-5802
How would a Missouri seller benefit from a flat fee MLS service?
Using a flat-fee MLS service in Missouri can save homeowners a significant amount on commissions. Traditional real estate fees typically range from 5% to 6% of the sale price, split between the listing and buyer’s agents. With a flat-fee MLS service, you don’t have to pay a listing agent’s commission.
The commission structure changes stemming from the National Association of Realtors (NAR) settlement encourage buyers to negotiate fees directly with their agents, which may allow sellers to skip covering the buyer’s agent commission as well.
Additionally, in a strong market, a well-positioned home might attract multiple offers quickly, reducing the need for an agent’s marketing efforts.
For those who prefer a hands-on approach, a FSBO sale offers the opportunity to take control of the selling process, from pricing to negotiations. This is best for sellers with the time and desire to manage their sales.
Here are key tasks you’ll manage when selling FSBO:
- Set the selling price using market data.
- Craft a compelling listing description.
- Conduct professional photography and advertise your property.
- Complete all the necessary disclosures.
- Coordinate showings and open houses.
- Review offers and negotiate terms.
- Navigate contract complexities.
- Calculate closing costs and net proceeds.
- Deal with appraisal, inspection, and transfer taxes issues.
- Gather all required documentation.
Pros and cons of using a flat fee MLS listing service
A flat fee MLS listing puts more control in the hands of homeowners while potentially lowering costs. However, it comes with trade-offs that every seller should consider. Let’s weigh the pros and cons.
Pros of using a flat fee MLS listing service
- No listing agent commission: This typically ranges from 2.5% to 3%, saving you a significant amount in fees.
- Direct oversight: Take full control over your home sale, handling negotiations and decisions personally.
- Fixed costs: Pay known, upfront costs for listing services without hidden fees.
- Broad exposure: Get your home listed on the MLS and popular third-party websites, increasing visibility to potential buyers. With this service, you can expand your reach to traditional buyers and their agents, enhancing the likelihood of receiving offers.
Cons of using a flat fee MLS listing service
- Buyer’s agent commission: Depending on negotiations, you may still need to offer a commission to the buyer’s agent, which affects your net proceeds.
- Independent sale: You are responsible for managing any complications that may arise, potentially delaying or jeopardizing the sale. You need to navigate the selling process without the guidance or expertise of a local real estate professional.
- Legal risks: Your sale has an increased exposure to liability claims and legal challenges without the protective buffer of an agent.
- Lower selling price: Homes sold without a traditional real estate agent often fetch lower prices on the market compared to those sold with agent assistance.
How do I list my home with a flat fee MLS service?
In Missouri, flat fee MLS listings prove to be highly effective due to their extensive online reach. Nearly all homebuyers begin their search online, where they access the most current listings directly from local MLS databases.
Additionally, buyers’ agents frequently utilize MLS data to find properties that meet their clients’ preferences, making the MLS a crucial tool for marketing your home effectively and ensuring it reaches a broad audience.
Are flat fee MLS listings effective in Missouri?
If a flat fee MLS service doesn’t seem like the right fit for your home sale in Missouri, consider these alternatives:
Option 1: Flat fee agent
Hire a flat fee real estate agent who provides essential services for a set rate, typically ranging from $3,000 to $5,000. This option suits homeowners seeking professional guidance without the full cost of traditional commissions, though additional fees may apply.
Option 2: Discount brokers
Engage a discount real estate broker who offers services at a reduced commission compared to traditional agents. While cheaper than standard rates, these brokers still facilitate essential services.
Option 3: Full-service, experienced real estate agent
Work with a top-performing full-service Realtor for comprehensive service. Experienced agents leverage deep market knowledge and extensive local networks to maximize the sale’s efficiency and profitability.
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Alternatives to flat fee MLS services in Missouri
While using a flat fee MLS listing service in Missouri will save you on commission fees, it’s important to weigh potential drawbacks. According to research by the NAR, FSBO homes typically sell for less compared to those sold through an agent. The median sale price for FSBO homes was $380,000, compared to over $435,000 for agent-assisted sales.
Thus, while flat fee MLS services can increase your home’s visibility and save on initial costs, the final selling price may reflect a significant difference, potentially affecting your overall profit.
Will I save money with a flat fee MLS listing service?
While using a flat fee MLS listing service in Missouri will save you on commission fees, it’s important to weigh potential drawbacks. According to research by the National Association of Realtors, FSBO homes typically sell for about 23% less than those sold through an agent. The median sale price for FSBO homes was around $300,000, compared to over $400,000 for agent-assisted sales.
Thus, while flat fee MLS services can increase your home’s visibility and save on initial costs, the final selling price may reflect a significant difference, potentially affecting your overall profit.
What if I need to sell my Missouri home fast?
If you need to sell your Missouri home quickly, exploring various avenues can expedite the process. Companies like iBuyers and “We Buy Houses”, which purchase your home quickly regardless of its condition, can close a sale within a matter of days. Although this option often results in a lower sale price compared to the open market, it provides a rapid resolution when speed is a priority.
Additionally, HomeLight’s Simple Sale platform offers a streamlined way to sell fast by either connecting you with cash buyers or introducing you to a local agent who can navigate a quicker sale. These options are valuable when time constraints outweigh the potential profit from a traditional sale.
What else should I know about selling a house in Missouri?
When selling a home in Missouri, it’s important to follow local disclosure laws and let buyers know key details about the property’s condition and history.
Flat fee MLS services can make parts of the FSBO sale easier, but handling contracts and disclosures can still get complicated. Bringing in a real estate attorney isn’t required, but it can help you handle the details and avoid legal problems down the line
Here are some more important points to consider:
- Flat fee services require payment upfront, unlike traditional agents whose fees are contingent on the sale.
- Some flat fee MLS companies may change their names frequently, which can make tracking their reliability and success rate challenging.
- Listings often include the seller’s contact information, placing more responsibility on the seller to manage communications.
- Unlike traditional agents, there may not be a dedicated professional to guide you through the process via the listing service.
- While flat fee services offer a fixed rate, the fees for traditional real estate agents can often be negotiated.
Ready to sell your Missouri home?
Selling a home FSBO requires you to handle many tasks usually managed by an agent, which can be overwhelming if you have other commitments. Using a flat fee MLS service can alleviate some of these challenges by providing different levels of support, though it’s crucial to choose the right package based on your needs, not just cost.
While flat fee services reduce upfront costs associated with agent commissions, you may still need to cover the buyer’s agent commission and may receive a lower selling price compared to using a traditional agent.
If you want better support and personalized assistance, connect with a local agent who can help you navigate the complexities of selling your home.
Editor’s note: This post is for educational purposes only. Links to and mentions of Missouri area flat fee MLS companies are not endorsements. Moreover, the program details mentioned above may change. Visit the company’s website for the most up-to-date information.
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