The growth price of homes in Arkansas is projected to increase by 5% in 2022. If you are looking for MLS listing services in Arkansas, this detailed guide will help you save thousands of dollars.
» In this guide, we’ll cover:
- Rankings: 5 Flat Fee MLS Arkansas Listing Services
- How much does Flat Fee MLS Listing Cost?
- Reviews: 5 Flat Fee MLS Arkansas Listing Services
- Hidden Fees
- Final Note
- Frequently Asked Questions
Rankings: 5 Flat Fee MLS Arkansas Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. Flat Fee Realty Northwest Arkansas||$299||1%||⛔||⛔||⛔||⛔||⛔|
|4. Flat Fee Group||$299-$499||0.75%||⛔||⛔||⛔||⛔||⛔|
|5. Small Fee Realty LLC||$375|
» Queen Advises: What is Flat Fee MLS?
How Much Does Flat Fee MLS Listing Cost?
There are 2 types of costs related to a Fixed 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 Flat Fee MLS Arkansas Listing Services
Houzeo, an online real estate company, provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.
💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.
👜 Packages: Houzeo’s packages range from $299-$449, giving you a variety of options to choose from.
📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.
📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:
- IntelliList Listing Management System: Lets you manage your listing 100% online.
- Houzeo Showings: Manage showing appointments online.
- Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter an offer. In a multiple-offer situation, you can also call for highest and best offers.
- Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
- Houzeo Settlement Agent Platform: Guides you to your closing.
Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.
👑Queen’s Counsel: Start With Your Free Listing Now With Houzeo.com
- Nationwide coverage
- Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and many other sites
- Quick listing (within a day with concierge)
- Savings on commissions
- 100% online – easy listing, fast changes, online showings, and online offers
- Mobile app availability
Houzeo has a 4.9 out of 5 (total 2,604 reviews) on Google & Trustpilot.
Houzeo is available nationwide.
2. Flat Fee Realty Northwest Arkansas
Flat Fee Realty Northwest Arkansas is an affordable Flat Fee MLS Listing Service in Arkansas.
👉 Packages: They offer only one Flat Fee MLS listing package at $299. This package comes with only basic listings services.
✂️ Customization: A la carte services are available on payment of additional fees. They even provide a comparative market analysis report that helps you to price your home right.
📣 Exposure: Being a local company, Flat Fee Realty Northwest Arkansas can help you list your house on local Arkansas MLS as well as other listing websites.
👑 Queen’s Counsel: How to Price Your Home For Sale in 6 Steps
- A lot of customization is available, perfect for those home sellers who know precisely which service they should spend on
- Affordable for sellers who are experienced in real estate
- It offers services for multiple property types
- They offer only one package
- Main features aren’t listed upfront, you have to sign up
- Online offers cannot be made
Flat Fee Realty Northwest Arkansas is rated 4.9 /5 (total 8 reviews) on Google.
Flat Fee Realty Northwest Arkansas covers most of the MLS listings in Arkansas.
FSBO is a Flat Fee MLS Arkansas listing service that offers packages ranging from $99.
👜Packages: Their $99 package lists your home only on the FSBO website. Listing on Arkansas MLS and other services can be availed with their $399 package.
📣 Exposure: Your listings get syndicated to websites like Zillow, Trulia and Redfin.
➡️Customization: Not many a la carte options are available. They do not provide a real estate attorney or real estate agent even on a la carte basis. You have to pay separately for yard signs, brochures, open house postings and other FSBO services.
⚠️Limitations: Offline services can delay your listings.
👑 Queen’s Counsel: Seller’s Disclosure: What Home Sellers Need To Disclose
- You can upload 1 video in the basic $99 package
- No hidden fees
- Full FSBO coverage
- Limited a la carte items
- Additional fees for FSBO supplies
- Lesser control over the sale as multiple processes are offline
- Manual MLS listings Arkansas can take up to 4 days to go live
FSBO has a 4.9 out of 5 rating (911 total reviews) on popular review site TrustPilot.
FSBO covers major MLSs in Arkansas.
4. Flat Fee Group
Flat Fee Group is a Flat Fee MLS Arkansas listing service that offers flat fee packages as well as a full-service packages.
👜 Packages: Their listing package is priced at $499 and full service packages at $299 and $499. The full service packages additionally charge 0.75% ‘convenience charge’ at closing.
📣 Exposure: Your listings get syndicated to Zillow, Trulia, Realtor.com and many more.
➡️ Customization: Their $499 Full Service package offers professional photos and unlimited listing term.
⚠️Limitations: They are low on technology and as such there might be delays in the home selling process.
👑 Queen’s Counsel: Houzeo Reviews 2022: Is Houzeo’s $349 Flat Fee Worth it?
- No hidden fees
- Option to choose between Flat Fee MLS Arkansas packages and Full-Service Packages
- All their packages allow you to upload 40 photos
- They charge 0.75%-1% convenience fee at closing for the full-service packages
- Pricing assistance requires you to sign up first. This opens the doors to the listed agents calling you every now and then
- Low on technology
No reviews are available on credible websites.
Flat Fee Group covers most of the locations in Arkansas.
5. Small Fee Realty LLC
Small Fee Realty LLC is the best option for sellers who are aware of the MLS listing process in Arkansas.
👜Packages: They offer 4 packages out of which one comes with 1% listing commission and no upfront fee. Their Platinum package is priced at $750.
📣Exposure: They list your property on Zillow, Trulia and many other local websites.
➡️ Customization: Your property can be listed for an additional period of 3 months on payment of $29.99 every month. They provide professional HDR photos with their packages.
⚠️Limitations: They charge a hefty amount on additional charges. You will have to pay a flat listing fee to your Realtor and a 0.75% seller representation fee at closing.
👑Queen’s Counsel: How To Sell A House By Owner In Arkansas (2022 Update)
- The entire process of home selling is online
- You have an option of selling at the closing instead of paying a flat fee at the beginning
- The premium package allows you to access the buyer leads
- Pay $29.99 per month until your home sells
- You’ll have to pay 0.75% sellers representation fee at the time of closing
- Expensive a la carte services
Small Fee Realty has a 4.8 out of 5 rating (40 total reviews) on popular review site, Google.
Available in most of the MLS listings in Arkansas.
💡 Queen’s Counsel: Everything you need to know about Flat Fee MLS
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.
Arkansas housing market trends
Arkansas is currently a sellers’ market which means that there are more people looking to buy than there are homes available . The median home sale price in Arkansas is $245,400. Home prices statewide were up 22.1% year-over-year in March 2022.
The average days on market for a home in Arkansas is 27 days
Among all five MLS listing companies in Arkansas, we have ranked Houzeo as the best because it fulfills all your requirements to make your home selling process smooth and hassle free.
As per this blog, you will have package options ranging from $99-$750 through different fixed fee MLS services. Every platform has its specialty. Now, it is up to you to decide what suits you the best, as per your requirements.
Frequently Asked Questions
Is Flat Fee MLS legal in Arkansas?
Flat Fee MLS is legal all over the United States, including Arkansas. In fact, the US DOJ just updated their bulletin highlighting the benefits of Flat Fee MLS for For Sale By Owner home sellers.
Which are the top Flat Fee MLS Listing companies in Arkansas?
The top Flat Fee MLS listing companies in Arkansas are:
2. Flat Fee Realty Northwest Arkansas
4. Flat Fee Realty
5. Small Fee Realty LLC
What is the difference between Flat Fee MLS and Traditional Agent?
A traditional broker commission model is usually 6% on closing, which is going to cost more for you as home seller. A Flat Fee MLS on the other hand, asks you a flat fee instead.
How long does it take for MLS listing to go live?
It takes about 2-4 days after you have submitted all the required documents. Most Arkansas MLSs will make your listing live in under 24 hours.
What is the best time to sell a house in Arkansas?
The best time to sell a house in Arkansas is June.
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