5 Hi-Tech Florida Flat Fee MLS Services That Are Changing The Game (2022 Updates)
Flat Fee MLS Florida: A Game Changer in Real Estate Market
According to the US Census Bureau, Florida welcomed more than 210,000 new residents in the 12 months ending July 1, 2021. This inflow of residents has positively impacted the real estate market and had led to a steady increase in prices.
The real estate market is red hot in 2022 and that is all the more reasons to go for FL Flat Fee MLS companies.
Real estate procedures still remain largely offline and require a lot of paperwork. But due to upgrades in technology, many flat fee MLS listing companies have gone completely paperless.
We have ranked and reviewed the top 5 Flat Fee MLS companies in FL, to help you make an informed decision.
» In this guide, we’ll cover:
- Rankings of Florida Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: Florida Flat Fee MLS Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Words
- Frequently Asked Questions
Ranking: Florida Flat Fee MLS Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|3. Flat Fee MLS Realty||$99-$499||$400+$350||✅||⛔||⛔||⛔||⛔|
|5. Doug Addeo||$177-$795||None||⛔||✅||✅||⛔||⛔|
» Queen Advises: What is Flat Fee MLS?
How Much Does Flat Fee MLS Listing Cost?
There are 2 types of costs related to a Flat Fee MLS listing
- Initial Flat Fee: You’ll have to pay an upfront fee to list your home on MLS. Usually, the initial fee ranges between $300 and $500.
- Closing cost: Once a home seller strikes a deal and closes it, they have to pay a part of their equity on home inspection fee, title and home insurance fees, seller and buyer agent commissions, and home warranty as a closing cost of their property.
Reviews: 5 Best Florida Flat Fee MLS Companies
Houzeo is a Flat Fee MLS listing website with cutting-edge technology that enables home sellers to list their properties on the MLS.
Your listing agent will guide you throughout the selling process. Flat fee MLS listing in Florida saves you nearly half of the realtor’s commission.
They have four Flat Fee MLS listing Florida packages ranging from $229-$1200. Houzeo is available all across the country and offers affordable MLS listing packages. They offer advanced features like online offers and an easy showing management tool.
The package includes listing on MLS, marketing and pricing your property, filling out federal and state disclosures, approaching an attorney or escrow company, negotiating and selecting the best offer, and finally closing out the transaction.
» Houzeo Review: Is $349 worth it?
- 100% automated and online presence
- No hidden fees
- Multiple services at reasonable rates
- Mobile app availability
- Maximum MLS exposure
- Fast listing and listing changes
- Manage offers online
- Nationwide coverage
Houzeo has a 4.9 out of 5 ratings (1,899 total reviews) on popular review sites like Google Reviews and Trustpilot
Houzeo is available nationwide.
Beycome is a technologically advanced real estate company that makes it simple for home sellers to list their homes on MLS Florida.
💼 Packages: They provide three user-friendly packages that range from $99 to $499. The $99 package has limited services which include listing on MLS, home visitor manager tool, and free open house scheduler but does not include lockbox, flyers, and a yard sign.
📑 Additional Service: They charge 1% of the sale price which is due at closing in their concierge service, they provide pricing support, comparative market analysis, negotiating, and paper support in this package.
- Lists on MLS within 36 hours or less
- Listing is live until you sell your house
- Provides free open house scheduler
- No lockbox and yard sign provided in the basic package
- Charges 1% of sale price due at closing
- No comparative market analysis is provided in basic packages
Beycome has a 4.3 out of 5 ratings (193 total reviews) on popular review sites like Google Reviews
Available in Florida, Minnesota, Georgia, Rhode Island, California, South Carolina, North Carolina, and Alabama.
💡Queen’s Counsel: Best Low Commission Real Estate Companies in 2022
3. Flat Fee MLS Realty
Flat Fee MLS Realty is distinguished for its affordable flat fee MLS Florida packages. The owner and broker: Stephen Hachey, has over 20 years of experience in the real estate industry.
💼 Packages: They provide three packages ranging from $69-$399.
⚠️ Caution: They do not provide showing time service and comparative market analysis in their basic package. They deduct $400 from the buyer’s agent commission at closing which is not disclosed upfront. They also charge $350 as a coordination fee at closing.
They do not have coverage throughout the state, so double-check if they provide flat fee listing services in your location.
- Stephen Hachey, the owner and broker at Flat Fee MLS Realty, has been in the real estate industry for over 20 years
- Quick customer service and affordable packages
- Best for inexperienced home sellers
- No assistance in showing time and comparative market analysis
- No lockbox provided in basic package
- Hidden fee of $750
No credible flat fee MLS listing services reviews available for this company.
It Covers Florida, Illinois, and Indiana
Homelister has packages that range from $599- $2,699. The basic package includes listing on major MLSs, showing time, virtual tour, and a yard sign.
Their premium package includes offer negotiation, professional photography, paperwork management, home price report, digital lockbox, and guidance from real estate professionals.
They also have a lot of a la carte options to choose from.
- Good in technology
- A la carte options
- App available
- Super quick listing
- Few negative reviews
Homelister has a rating of 4.8/5 (out of 152 reviews) on Zillow.
Available throughout Florida
5. Doug Addeo
Doug Addeo is a top Florida broker and licensed with the Florida Real Estate Commission. He has been in real estate for 24 years and has done thousands of listings.
He has relationships with the various Realtor boards throughout the state of Florida and provides top-quality service for your listing. Pricing for his services ranges from $177-$795.
He has extensive knowledge of the Florida Real Estate market.
His pricing is upfront and provides support throughout the process.
- Expertise in Florida Real Estate market
- Pricing upfront
- No hidden costs
- Low on technology
Doug Addeo has a rating of 4.7 (out of 28 votes) on Zillow.
Doug Addeo covers entire Florida state.
Hidden Fees in Flat Fee MLS Listing Companies
Some Flat Fee MLS companies are not upfront about their fees. These hidden costs could go up to thousands of dollars and have a significant impact on your savings. They might say that they take a flat fee but might charge you a percentage of commission at the time of closing.
We have compiled a list of the average hidden fees that may be charged by some Flat Fee MLS listing services.
|Types of Hidden Fees||Cost||Description|
|1. Cancellation Fees||$50-$200||If you need to cancel your listing, you need to pay cancellation charges. However, some companies do allow free cancellation, if you cancel before your listing goes live. |
Example: Flat Fee Group charges $25 for cancellation.
|2. Listing Changes Charge||$25-$50||If you need to make any changes to your listing, companies charge extra for that.
Example: Flat Fee Multiple Listing Access charges $10 for listing updates.
|3. Expensive Listing Upgrades||$50-$100||If you need to add more photos to your listing, post an open house or avail a showing management tool, you will be charged extra for these upgrades by some Flat Fee MLS service providers.
Example: Congress Realty charges $50 for listing extension; whereas List With Freedom charges $25 for Open House postings and $59 for Showing Scheduler.
|4. Additional Upgrades||$50-$200||Any service that is not part of the package you sign up for. These are additional services that you need to pay for separately, i.e, Photography, Market Research, Contract Review, etc.
Example: Flat Fee Group which offers pro photography at $290.
|5. Expensive Yard Signs||$100-$150+ $120 (deposit)||Expensive charge for yard signs, even though these yard signs are given on a rental basis.
Example: Homecoin charges $99 for a rental yard sign.
|6. Lockbox Charges||$100-$200||Lockboxes are given on rental for a small charge. However, some Flat Fee MLS companies charge a huge sum as lockbox rental fees.
Example: Homecoin charges $125 for lockbox even though it is on a rental basis.
|7. Commission at Closing||0.1-0.5%||Some Flat Fee MLS companies charge a commission at the time of closing, as a hidden seller agent fee. This fee is often undisclosed and charged to the seller once they close a deal. Sometimes this fee is also masked as a compliance fee.
Example: Flat Fee Realty which charges 0.1%- 0.25% at closing in some states.
|8. Flat Fee at Closing||$750||Fixed Fee companies charge an additional flat fee at closing which is not mentioned upfront.
Example: FlatFeeMLSRealty which charges a flat fee at closing ($350 + $400)
|9. Escrow Charges||$1K-$2K||Some Flat Rate companies charge for escrow at the time of closing.
Example: Vegas Flat Fee charges $995 compliance fees at closing
|10. Seller Disclosures||$100-$200||State-required seller disclosures are unavoidable. Few companies charge for this service as well.
Example: Yager Realty has seller disclosure feature only in their premium packages. Since seller disclosures are imperative to listing, you need to only go for their premium packages!
|11. Application Fees||$50-$100||Few companies charge non-refundable application fees.
Example: List with Freedom charges $50 as application fee.
Note: This table is a generic list of all the hidden charges that various Flat Fee MLS companies charge. It will vary depending on the company you choose.
While some of these services are mentioned in their a-la-carte services, if you still need a lot of support for selling your house, you might need to consider going with a realtor.
Florida Real Estate Market Trends
Florida is a hot market currently. Over the last 5 years, the price of a home in Florida has grown by nearly 66%, while reports till October 2021 show prices to have increased by 1.8%
Buyers of new homes made up 23 percent and buyers of previously owned homes made up 77 percent. Only 15 percent of buyers across the U.S. purchased new homes.
For 43 percent of recent buyers, the first step that they took in the home buying process was to look online at properties for sale, while 20 percent of buyers first contacted a real estate agent.
On average, you can expect to pay $200-$800 for a Flat Fee MLS listing service in FL, but that’s only an average price. On the lower side, you can buy an MLS listing package for $100 and on the higher side, a comprehensive MLS listing service package can cost as much as $1,300.
Each package comes with a multitude of features like enabling more photographs, a-la-carte services and some even offer help with paperwork online. This post covered the top flat fee MLS companies in FL and you may choose as per your requirement.
Frequently Asked Questions
Which are the Best Flat Fee MLS Companies in Florida?
The best Flat Fee MLS companies in Florida are listed below:
3. Flat Fee MLS Realty
5. Doug Addeo
Is Flat Fee MLS legal in Florida?
Flat Fee MLS is legal all over the United States, including in Florida. In fact, the US DOJ just updated their bulletin highlighting the benefits of Flat Fee MLS for For Sale By Owner home sellers.
How long will it take for my MLS listing to go live?
The typical stipulated time to list is 1-2 business days after you’ve completed all your tasks accurately and the broker doesn’t have any questions for you. But for most MLS’ in Florida, your listing can be up in 4 to 8 business hours (Central Time). Do this only after you’ve completed all the tasks your broker has assigned to you. Make sure all sellers have signed the required documents. Note that listings can be expedited in most major MLS’ but not all MLS’ are covered under this policy.
How much does Flat Fee MLS Listing Services cost?
On average, Flat Fee MLS services range anywhere from $99-$1500. This excludes add-on services like lock-box, showing management, etc. Add-on services are different for different company
Do I still need to pay Buyer's Agent Commission?
Yes. If the buyer has a agent, you will still need to pay the buyer agent commission. However, if you are selling to someone without a buyer agent, you save on that commission as well.
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