5 Hi-tech Flat Fee MLS California Listing Services That Are Changing The Game (2022 Updates)
✍️ Queen’s Note: Real Estate Queen does in-depth research on real estate services and simplifies it for our readers. This guide compares all of major Flat Fee MLS California companies based on the criteria that are most important to home sellers: affordability, customer service, exposure, technology and transparency.
Are you looking to save thousands of dollars through Flat Fee MLS California services? It may as well be a good option considering, the California housing market sizzled last year to break all records.
The California statewide median house price rose 3.9% to $796,570 in 2022. That was also a year-over-year gain of 9.4% from January 2021.
We have ranked and reviewed the top 5 Flat Fee MLS companies in CA, to help you make an informed choice.
» In this guide, we’ll cover:
- Rankings: Flat Fee MLS California Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: 5 Best Flat Fee MLS California Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Note
- Frequently Asked Questions: Flat Fee MLS California
Ranking: Flat Fee MLS California Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. Yager Realty||$299-$999||None||⛔||✅||⛔||⛔||⛔|
|3. Congress Realty||$299||$50-$800||⛔||⛔||⛔||⛔||⛔|
|4. Homecoin||$95||High Cost Add-ons||✅||⛔||✅||⛔||⛔|
|5. MLS Town||$95-$295||$595||⛔||✅||✅||⛔||⛔|
» 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 Costs: 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 California Companies
Houzeo is a real estate technology company that provides affordable services and is 100% online.
💼 Packages: They provide packages in California that range from $229 – $449. They list quickly within 48 hrs.
The basic package includes 6 photos for 3 months, including listing management.
Their premium service includes unlimited changes, custom yard sign, federal and state disclosures, showing management, pricing assistance, contract review, and closing assistance. They even compare and counter offers for you in their premium package.
📢 Exposure: They provide syndicate listings on major platforms like Zillow, Trulia, Realtor, Redfin, and more.
📱Technology: They provide high technology services like IntelliList Listing Management System, Houzeo Showings, Offers, Buyer Search
Best Overall: Houzeo is our best pick with great tech features and affordable pricing.
💡 Queen’s Advice: Register with Houzeo today!
- 100% online
- Available nationwide
- Syndication to major listing platforms like Zillow, Trulia, Redfin, Realtor etc
- Mobile App available
- Quick listing within 24hrs
- Save on commission
No cons found
Houzeo is available nationwide.
2. Yager Realty
💼Packages: Flat Fee Guru has packages ranging from $299-$999. Their basic package includes listing on major MLS platforms for 6 months and 15 photo uploads.
Their premium package includes sale sign, property flyers, buyer leads, guidance during the offer process, sales contract review, counter offers, calculate closing costs, DocuSign System, and Online Disclosure wizard.
They also offer you complete control over closing and price negotiation as well as showings. However, they do charge an admin closing fee of $150.
They also have a full support package: $699 + 0.75% during closing.
📞 Additional support: They provide only email support for their basic package. Email and phone support are available in their premium package. Also, some reviews mentioned bad experiences with their customer service.
Overall, their basic package is a good option if you are an experienced seller and need little support.
💡 Queen’s Counsel: Best Low Commission Real Estate Companies in 2022
- Good affordable option for experienced seller
- Offers full support package
- Only email support in basic package
- Additional admin fee $150
Yager Realty has a 4.8/5 ( out of 40 reviews) rating on Google
Yager Realty covers most of California.
3. Congress Realty
💼 Packages: Packages start from $299-$499. Their all-inclusive package is $399+ 0.5% commission. They list for 6 months and allow a minimum of 5 photos to be uploaded in their basic package.
📢 Exposure: Listing on major MLSs and Realtor.com. They also post on Congress Realty website and social media in their premium packages.
⚙️ Customization: It has MLS extension, eLockbox, Yard Signs, Virtual Tour, Key Lockbox as add-on services. They also provide professional assistance on documents for an additional $500
📱 Technology: They do offer DocuSign documents and offer online support in their premium packages.
⚠️ Caution: Although Congress Realty has a-la-carte menu, the add-on services can add up to a significant amount. So one needs to keep these factors in mind.
💡Queen’s Counsel: Top Discount Real Estate Brokers & Companies
- Affordable option for basic package
- Good exposure
- A la carte option
- Features like Document assistance, unlimited listing changes, etc, come at an additional cost.
- They also charge an additional 0.5% commission in their full-service package.
Congress Realty has a rating of 4.9/5 ( out of 40 reviews) on Zillow.
Congress Realty is available all over California state.
Homecoin is San Diego based company offering Flat Fee MLS services with high tech features
💼 Package: Their basic package is for $95 which includes 12-month listing, unlimited photos on MLS, call forwarding free cancellation, and 100% online management.
They also offer comparative sales report, open house kit, and basic sign for free with any of their listing package.
Other services like Pro photography, lockbox rental, sign posts, and seller forms, cost significantly high than other Flat Fee MLS companies.
🗝️ Key Features: Call forwarding + Info by text, Email Lead Forwarding
📱 Technology: They are high in tech with digital contracts for listing and listing changes.
💡Queen’s Counsel: 7 Best Flat Fee MLS Companies in California
- Quick listing within 24 hrs
- Digital automation
- Unlimited photos
- Add on services like lockbox and signpost cost high, even if they are rental
- Other services like seller form help and other services add up to a significantly higher amount
Homecoin has a 4.8/5 (out of 44 reviews) rating on Zillow
Available throughout California.
5. MLS Town
MLS Town By Berg Properties offers Flat Fee MLS services and Full Service Listing Broker(Discounted Commission).
💼 Packages: They offer services in North California and have few other counties.
MLS Town has packages ranging from $95- $295. A basic package starts at $95 which includes listing for 3 months and allows 8 photos to be uploaded.
They have two more packages:
Premium Package: A la carte option which includes unlimited listing, Listing Support, Market Analysis, Offer Negotiation, Open House service
Discounted Commission: Listing until sold, unlimited photos and listing changes as well as Offer Negotiation and Support
⚠️ Caution: They do charge $595 for transaction coordination services if your property sells. If it doesn’t sell, this charge is not levied.
Best option: If you want an affordable Flat Fee MLS service in North California.
💡 Queen’s Counsel: Everything you need to know about Flat Fee MLS
- Affordable packages
- Full-Service Discounted Commission available
- Only available in Northern California region
Available majorly in North California and a few other counties in California
Hidden Fees Flat Fee Companies Charge
Some 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.
California Housing Market Trends
California’s median house price is expected to climb 5.2 percent to $834,400 in 2022, from $659,400 in 2020.
According to the results of the 2021 Annual Housing Market Survey, home sellers typically pocketed a net cash gain of $322,500 upon selling their homes. This represents a 95.5% increase over the purchase price.
Sales-to-list-price ratio is 102% which is at an all-time high in the last 6 months till Jan 2022.
On average, you can expect to pay $200-$800 for a CA Flat Fee MLS listing service, 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 CA and you may choose as per your requirement.
Frequently Asked Questions: Flat Fee MLS California
What is a Flat Fee MLS?
Flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction.
Is Flat Fee MLS Legal?
Flat Fee MLS is legal all over the United States, including in California. In fact, the US DOJ have updated their bulletin highlighting the benefits of Flat Fee MLS for FSBO home sellers.
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 for a flat fee instead.
Which is the best Flat Fee MLS in California?
The best Flat Fee MLS in California is:
2. Yager Realty
3. Congress Realty
5. MLS Town
How much do Flat Fee services cost in California?
Flat Fee services in California could cost you around $200-$999.
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