7 Flat Fee MLS Companies in Texas

3 days ago 4

Selling your Texas home as a For Sale by Owner (FSBO) can make it tough to reach a wide pool of buyers. Since only licensed agents can typically post on the local multiple listing service (MLS), your listing might not get the attention it deserves. However, with a flat fee MLS Texas service, you can pay a one-time price to have your home listed on the MLS, gaining maximum visibility without paying full agent commissions.

This article will discuss the pros and cons of using a flat-fee listing service, some finer points of how it works, and a few recommendations for companies to consider when selling your property in the Lone Star State. 

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What is a flat fee MLS listing service in Texas?

A flat fee MLS listing service is tailored for FSBO sellers, giving them the ability to post their property on the local MLS without hiring a traditional real estate agent. The MLS is an exclusive database that lists homes for sale and makes it easy for real estate professionals to share information.

Agents representing buyers use the MLS to find properties that meet their clients’ criteria, access comprehensive details and disclosures, and organize property viewings. Since most leading home search platforms pull their listings from the MLS, having your home listed there is key to getting the best exposure.

Typically, only licensed real estate professionals can post listings on the MLS. However, flat fee MLS services offer a workaround for FSBO sellers, allowing them to list their homes on the MLS directly. This enables homeowners to maximize their property’s exposure while avoiding the costs of hiring a traditional real estate agent.

How much does a flat fee MLS service cost in Texas?

In Texas, flat fee MLS listing prices can range anywhere from $100 to $1,500, depending on the level of service you choose. Extras like additional photo uploads, lockboxes, and marketing materials may come with added costs, and some companies even provide limited agent support for an additional fee.

Flat fee MLS listing companies in Texas

Texas Flat Fee Realtors

Texas Flat Fee Realtors, an experienced flat fee real estate company, helps sellers save thousands compared to traditional 6% commissions. Homeowners benefit from a full-service real estate experience, including professional high-definition photography, virtual tours, and listings on popular platforms. The team brings over three decades of experience and has successfully sold hundreds of homes while earning strong client satisfaction.

Service areas: Houston

Texas Flat Fee Realtors earned 4.8 stars on Google, with the majority of clients saying that the flat fee service stands out for being cost-saving. Many highlight the smooth, hassle-free experience of selling a home. Others note the team’s strong knowledge and approachable style, making the process both easy and effective.

Listing Results

Listing Results is a family-owned real estate company with licensed agents helping clients since 1998. In 2000, they added flat fee MLS services, making it easier and more affordable for homeowners to sell their properties.

This approach lets sellers get their homes in front of buyers without paying full commission rates. With strong ties to the local community and a focus on helping clients, the company has built a trusted reputation over the years.

Service areas: Throughout Texas

Byowner.com

Founded in 1996, ByOwner.com provides homeowners with an affordable option compared to traditional real estate services. The company specializes in flat fee MLS listings, allowing sellers to showcase their properties to a wide audience while keeping commission costs low. With their services, homeowners have greater control over important aspects of their real estate transactions.

Service areas: All 50 states, including Texas

Listing fee (price varies by location): $195 for a six-month listing term,

Known for its ethical approach to business, ByOwner.com holds an A+ grade from the BBB and maintains a 4.1-star rating on Google. Sellers report that the platform makes the process efficient, with many finalizing transactions in only a few months. Clients value the responsive support and clear guidance offered along the way. Overall, the service is described as user-friendly, dependable, and a valuable tool for selling a home.

Listing Spark

ListingSpark is a flat fee MLS listing company that equips sellers and investors with the tools, guidance, and resources needed to sell properties without incurring large upfront fees or hefty commissions. It offers a streamlined platform that empowers homeowners to take control of their transactions.

Sellers gain access to professional marketing, MLS listings, and support throughout the entire process. According to the company, a home seller saves an average of $10,250 on their sale.

Service areas: Throughout Texas and other states, namely Georgia, Tennessee, and Florida

Congress Realty

Congress Realty, Inc. is a licensed real estate brokerage operating in multiple states, including Texas. Homeowners simply provide property details through a quick and easy form and indicate their desired asking price.

The team then lists the property on the local MLS, giving it the same visibility as a traditional full-fee listing. This approach ensures sellers reach a broad pool of buyers without incurring high commission costs.

Service areas: Throughout Texas and other states, including Arizona, California, Nevada, and Utah

Creekview Realty

Founded in 2002, Creekview Realty brings decades of industry experience across multiple states and disciplines, including brokerage, investment, construction, and consulting. The team leverages extensive expertise to assist homeowners in marketing their properties effectively.

Specializing in flat fee MLS services, the company ensures listings appear on the local MLS and hundreds of popular real estate platforms. By providing professional guidance and strategic marketing support, they empower sellers to manage their transactions with confidence.

Service areas: Throughout Texas

VIP Realty

VIP Realty helps Dallas homeowners sell their properties while saving thousands in traditional commission fees. The company believes every seller deserves professional representation and broad market exposure without the high cost of standard real estate services.

It offers two tailored flat fee MLS listing options designed to meet the unique needs and goals of each client. Whether homeowners want to be hands-on or prefer a full-service approach, the team has options to fit every style.

Service areas: Dallas

How would a Texas seller benefit from a flat fee MLS service?

There are a few situations in which a Texas seller would benefit from an MLS listing service. Here are a few examples of why you might consider using one.

  1. You want to save on commission costs: With a flat fee MLS listing service, you can avoid the listing agent’s commission. And, thanks to recent commission changes from the NAR settlement, which encourage buyers to negotiate fees directly with their agents, you could reduce your overall costs as a seller even further.
  2. You have a desirable home in a hot market: Leverage the MLS to attract multiple buyers and offers, handling the sale process independently.
  3. You prefer to be fully involved in the sale: A flat fee MLS listing service is ideal for experienced sellers or those seeking a challenge, offering complete control over the FSBO selling process.
  4. You don’t want to work with a listing agent: Use a flat fee MLS service to list on the MLS without the need for a traditional agent.

Keep in mind, however, you still have to do a lot of the legwork of selling the home yourself. Reviewing offers and making counter offers, calculating closing costs, handling local real estate transfer taxes, and any other process nuances will still fall to you as the seller.

Pros and cons of using a flat fee MLS listing service

A flat fee MLS listing can be a smart alternative to traditional real estate commissions. Understanding the pros and cons will help sellers make an informed decision.

Pros:

  • Commission savings: Avoid paying the listing agent’s commission, usually between 2.5% to 3%.
  • Independent sale: Take charge of your home sale personally and manage every detail of the sale process from beginning to end.
  • Predictable fee: Know the listing service costs upfront.
  • Maximum exposure: Ensure your home is listed on the MLS and various third-party websites. This increases visibility to conventional buyers and their agents.

Cons:

  • Buyer’s agent commission: Depending on your negotiations, you might still be on the hook for the buyer’s agent commission, which can affect your net proceeds.
  • No professional guidance: Proceed through the sale without the advice of a local expert, as it’s a do-it-yourself approach.
  • Legal risks:  Handle all challenges that could delay or jeopardize the sale yourself. You could face legal liabilities and disputes that could cost you more.
  • Lower profit: Sell your home for less than if you had hired a traditional real estate agent.

How do I list my home with a flat fee MLS service?

Listing your home with an MLS service isn’t complicated, but there are a few key takeaways to the process that you should know.

  1. Research the service: Look into local flat fee MLS services, comparing packages, prices, and reviews. Ensure you understand what’s included, such as the number of photos, free forms, and extra costs for add-ons. Consult sites like the BBB to verify the reliability of the company you’re planning to work with.
  2. Register and choose a package: Sign up on the service’s website, pick your preferred plan, and pay the fee upfront.
  3. List your property: Provide a detailed home description and upload photos. Complete the disclosure form if available.
  4. Sign the agreement: Carefully read and sign the listing agreement, checking for cancellation terms and commission obligations.
  5. Check your listing: Verify its accuracy and completeness after it goes live on the MLS and other real estate websites.

Are flat fee MLS listings effective in Texas?

Selling your home by owner may seem easier, and using a flat fee MLS service can be effective. Still, according to the National Association of Realtors (NAR), it’s not a popular option.

NAR reported that FSBO sales accounted for only 6% of recent home sales. Additionally, most FSBO sellers (57%) sold their homes to someone they knew, which suggests the approach often relies on personal connections rather than broad market exposure.

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 Alternatives to flat fee MLS services in Texas:

  1. Flat fee real estate agents: These professionals charge a fixed amount instead of a commission, simplifying budgeting for the sale. However, flat-fee real estate brokers may not be as motivated to maximize your home’s selling price.
  2. Discount brokers. These agents work for a reduced commission, offering a middle ground between flat-fee MLS services and full-priced professionals. While more costly than flat fee services, discount real estate brokers provide basic support and services.
  3. Full-service real estate agents: A full-service Realtor handles marketing, pricing, negotiations, and more, offering expertise on market dynamics. HomeLight can connect you with top-selling agents in your area.

Will I save money with a flat fee MLS listing service?

Though you will save money on the commission fees, you may lose out in the long run.

NAR research shows that  FSBO homes sold for around 14% less than homes sold by an agent. The median selling price for an FSBO was $380,000, while the median sale price of homes sold by an agent was $435,000.

So, while a flat fee MLS can be an effective tool, it’s important to remember that selling your home FSBO could result in less overall profit once it is said and done.

What if I need to sell my Texas home fast

If you need to sell your home quickly, you have options. Consider working with a We Buy Houses company or an iBuyer. These companies will purchase your home in almost any condition, often in days. Be prepared to lose money, though because they typically pay less than if you sold your home on the open market. However, when time is of the essence, these can be a good option.

HomeLight also offers Simple Sale, which can expedite the process or connect you with a local agent to give you more options. Receive a cash offer within 24 hours and close within 7 days.

What else should I know about selling a house in Texas?

While there are no strict rules for using flat fee MLS listing services, sellers must comply with local disclosure laws, which can differ by state and location. Although not mandatory, hiring a real estate attorney is advisable for FSBO sellers to navigate the complexities of Texas disclosures and contracts, avoiding costly legal issues post-sale.

Key points to remember include:

  • Unlike traditional agents whose fees are contingent on the sale, flat fee services are paid upfront, regardless of whether the house sells.
  • Some services may change names frequently, which makes tracking their success rate difficult.
  • Often, these services include the seller’s contact info directly in the listing, shifting more communication responsibilities to the seller.
  • There may not be a dedicated individual to assist sellers through the listing service, a stark contrast to traditional agents.
  • While flat fee services charge a fixed rate, traditional agent fees can be negotiated.

Ready to sell your Texas home?

Selling a house is akin to taking on another full-time job. With a traditional real estate agent, sellers gain a knowledgeable partner focused on selling their property. Conversely, FSBO sellers must tackle many responsibilities typically handled by an agent. This can be daunting, especially for those with existing full-time commitments and limited knowledge of the real estate process.

Using a flat fee MLS listing service can ease some of these challenges, offering varying levels of support depending on the package chosen. Yet, choosing a flat fee service primarily to cut costs on agent commissions may not always be wise.

Sellers often still need to cover the buyer’s agent commission and MLS service fees, and might end up selling their property for less than if they had engaged a traditional agent. For a smoother experience and better results, HomeLight can connect you with proven, top-performing agents in your local Texas market today.

Editor’s note: This post is for educational purposes only. Links to and mentions of Texas 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.

Header Image Source: (KBaucherel/Pixabay)

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