✍️ Queen’s Note: Real Estate Queen does in-depth research on real estate services and simplifies it for our readers. This guide compares all the major Flat Fee MLS Colorado companies in based on the criteria that are most important to home sellers: affordability, customer service, exposure, technology and transparency.
Colorado had a population of 5.81 million people in 2021. This was a modest increase from the previous year when the state’s population was estimated to be at 5.78 million. In 1960, the population of Colorado was estimated to be around 1.75 million people. Colorado is among the most expensive states in the country to live in. One always needs to be updated for the best option for Flat Fee MLS Colorado.
We have ranked and reviewed the top 5 Flat Fee MLS companies in Colorado, to help you make an informed decision.
» In this guide, we’ll cover:
- Rankings of Colorado Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: Colorado Flat Fee MLS Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Note
- Frequently Asked Questions
Ranking of Colorado Flat Fee MLS Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2.Flat Fee Group||$399-$549||0.5%||⛔||⛔||⛔||⛔||⛔|
|4.Home Saving Realty||$399-$699||0.25%||⛔||⛔||⛔||⛔||⛔|
|5.Flat Fee Realty||$249||0.5%-0.6%||⛔||⛔||⛔||⛔||⛔|
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 Flat Fee MLS Colorado Companies
2. Flat Fee Group
🧰 Packages: The plans offered for flat rate MLS Colorado service cost you $399 to $549. The starting package of $399 provides only guidance, and you will need to do everything by yourself. While the $549 package is for first-time sellers. In addition to assisting with price, a broker will manage negotiations on your behalf, analyze your contract, and provide advice as needed. At closing, both packages cost you 0.5 percent with full real estate broker assistance.
📢 Syndication: It syndicates your property listings to national websites like Zillow, Trulia, Realtor.com, etc.
📱 Technology: This flat rate MLS listing service does not use advanced technologies. So, if you would go with a base or medium package, the major you would need to do manually in the home selling process.
🔎 Transparency: They are very transparent about their packages’ cost. They do not charge any hidden fees.
✔ Availability: This fixed fee MLS service is easily accessible if you sell a property located in the major cities within Colorado. The services are also available in almost all the other major-minor states of the U.S.
- No hidden fees
- Syndication to large real-estate websites
- Diverse packages
- Good coverage
- No pricing assistance
- Expensive full-service plan
No reviews available on any reliable websites.
It covers all the major counties within Colorado.
3. HybridMLS Listings
HybridMLS Listings has been in the real estate market since 1998. Their flat fee MLS Colorado packages provide FSBO option for all the home sellers.
🧰 You can sell your house as an FSBO, where this company will act as a Transaction Broker. In this case, they will charge 1% at closing. They will provide necessary contracts, disclosures, and addenda in this basic package.
The other flat fee MLS Colorado package comes for $299 which includes Competitive Market Analysis, Max Photos on MLS, negotiation on your behalf, and a few other services. You can add professional services if you want which would charge you some extra bucks.
📢 Syndication: The packages facilitate listing your home on local MLS, Zillow, Realtor.com, Trulia, Redfin, and more.
🎯 You can customize the package by adding extra services like a yard sign and lockbox. Every addition you do for customization has fees attached.
It has coverage in major counties of Colorado.
4. Home Savings Realty
Covers only major MLS’ in Colorado.
5. Flat Fee Realty
Flat Fee Realty has affordable plans for Flat Fee MLS Listing services in Colorado.
👉 Packages: Their $249 package for MLS Colorado Flat Fee Listing service includes 6 photos and a listing term of 6 months.
✄ Customization: Additional photo upload will cost you $50 and they do not offer a la carte options.
📢Exposure: Your property gets listed in platforms like Zillow, Trulia, Redfin and other MLS local websites.
📝 Note: You sell your home ONLY with the services they provide, not with which you want. Further, their listing broker will retain 0.5% to 0.6% of the buyer’s broker commission for reasons not explicitly disclosed on their website.
👑 Queen’s Counsel: How to List On MLS For Sale By Owner
- Cheap options are available for Flat Fee MLS Colorado.
- Your listing comes with state-wise seller disclosures that will eliminate last-minute surprises.
- Their package includes ONLY 6 photos.
- Available in select areas of Colorado
- Flat Fee Realty offers no assistance for pricing in their FSBO MLS listing Colorado package
- No built-in home evaluation feature. Some companies like Houzeo offer them for free of cost
No credible reviews were found about this flat fee MLS listing Colorado service!
Covers only some areas in Colorado 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.
Colorado Housing Market Trends
Currently, Colorado Housing market is one of the most competitive and hot housing markets within the United States.
The year 2022 will be the sellers’ market completely. The market is hot and competitive in the state. The median home values in Colorado are $547,212 The percentage of properties for sale in Colorado is 69.9 which is huge.
Among all five MLS listing companies in Colorado, 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 $249- $449 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
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 Colorado. In fact, the US DOJ just updated their bulletin highlighting the benefits of Flat Fee MLS for For Sale By Owner 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 a flat fee instead.
Which is the best Flat Fee MLS in Colorado?
The best Flat Fee MLS in Colorado is:
2) Flat Fee Group
3) HybridMLS Listings
4) Home Listings Realty
5) Flat Fee Realty
How much do Flat Fee services cost in Colorado?
Flat Fee services in Colorado could cost you around $249-$700.
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