District Of Columbia had a population of 670,050 people in 2021. This was a decent decrease from the previous year when the population was around 690,090 people. The District Of Columbia has seen advancements in the real estate domain in the past few years. One always needs to be updated for the best option for Flat Fee MLS District Of Columbia.
We have ranked and reviewed the top 5 Flat Fee MLS District Of Columbia companies, to help you make an informed decision.
» In this guide, we’ll cover:
- Rankings of District Of Columbia Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: 5 Flat Fee MLS District Of Columbia Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Note
- Frequently Asked Questions
Ranking of District Of Columbia Flat Fee MLS Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. Cottage Street Realty||$299 to $999||None||⛔||⛔||⛔||⛔||⛔|
|3. XFLATFEEMLS||$59 to $149||None||⛔||⛔||⛔||⛔||⛔|
|4. Net Realty Now||$399||None||⛔||⛔||⛔||⛔||⛔|
|5. MLS My Home||$99-$199||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 Flat Fee MLS District Of Columbia Companies
2. Cottage Street Realty
🧰 Packages: Cottage Street Realty is another flat rate MLS company in District Of Columbia that offers you plans ranging from $299 to $999. It allows you to list your property and sell it for a low fixed fee in District Of Columbia.
💁♀️ Suitability: The platform is mainly suitable for sellers with no or minimal experience in real estate. The sellers who need guidance from the initial to the closing stage of their real estate transactions can have benefits from this fixed fee MLS listing service in District Of Columbia.
📃 Offline Downloads: Cottage Street Realty provides you with features like downloaded forms for completing formalities and gives you unlimited updates of your listing.
✋ Beware: It charges you some extra money to provide a lockbox and a yard sign.
- Unlimited updates on listings
- Allows to save the forms offline
- No limit for uploading property photos in the basic package
- The market analysis offered with a premium package
- No pricing assistance in basic packages
- Extra purchase is required to access a lockbox
- Additional charges for yard sign
- E-sign contracts are available in only premium package
No reviews and ratings are available for this flat rate MLS company on credible sources like Trustpilot or Google reviews.
It covers only Virginia, DC, and Maryland.
💼 Packages: Their Flat Fee MLS services range from $59 to $149 which is quite affordable for home sellers. They allow you to post unlimited open house announcements on your listing. They charge $30-$300 additional costs for their optional services
✋ Caution: Former clients have not given this company positive feedback. A-la-carte choices are not available with their Flat Fee MLS listing services. Their website is technologically outdated and does not offer complete online support.
- Affordable flat fee MLS District Of Columbia packages
- Maximum photos allowed on MLS
- Unlimited changes on MLS
- Low on technology
- No pricing support
- High additional fees
No credible flat fee MLS listing services reviews are available for this company.
Available in Maryland, Virginia, Washington DC, Pennsylvania, Georgia, Florida, and California
4. Net Realty Now
Net Realty Now LLC, a well-known Flat Fee MLS firm created in 1999, is a well-known Flat Fee MLS company.
💼 Packages: Packages start from $299-$1299. Their all-inclusive package is $399+ 1-2% listing fee commission for Flat Fee MLS listing District Of Columbia. They list for 6 months and allow a minimum of 36 photos to be uploaded in their basic package. Net Realty Now sellers typically save over $8,000, which is significantly more than the fees charged by a traditional agent, making it a viable choice for Flat Fee MLS in District Of Columbia.
📢 Exposure: If you advertise your home with Net Realty Now, your listing will appear in the same places as listings from sellers who pay traditional agents a 5% to 6% commission. Their true home selling framework is designed for all home sellers, regardless of experience, and will assist you in exploring new real estate vistas.
📱Technology: From the beginning to the finish of your process, their agents are available to support and guide you. They have effective marketing methods and will advertise your home on over 84 different real estate websites and social media channels.
⚠️ Caution: The add-on services can add up to a significant amount. So, one needs to keep these factors in mind.
- They let you upload as many as 50 photos in the base package
- Forward you all the buyer leads
- Give you unlimited text editing of your house listing
- Claims to have the best agents with over 33 years of experience in real estate
- No implicit home valuation
- You do not have many options based on their Flat Fee MLS District Of Columbia packages
- Cottage Street Realty
- Simple Choice Realty
On the popular review site Google Reviews, Net Realty Now has 5 out of 5 ratings (2 reviews).
They have flat-fee MLS listing services in Washington, Virginia, Maryland, and New York.
5. MLS My Home
💼 Packages: With MLS My Home’s packages, users get an opportunity to post six images while listing for six months on MLS. Their listing varies from $99-$199.
✄ Customization: MLS My Home is a platform that assists users to work with licensed agents that authorizes them to list their properties on multiple websites. The platform claims to be one of the best Flat Fee MLS District Of Columbia companies.
📣 Maximum Exposure: The platform is not available in all of District Of Columbia, so we recommend checking your locality before buying a package.
📝 Note: MLS My Home takes five days to list your property online. The package pricings vary with locations.
- Cheapest options for Flat Fee MLS District Of Columbia
- Syndicates with other listing websites
- The basic package has only six photos included
- Covers selective areas of District Of Columbia
- No built-in home evaluation feature
MLS My Home has a 2 out of 5 ratings (259 total reviews) on the popular review site Trustpilot.
MLS My Home serves only in selective areas of District Of Columbia.
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.
District Of Columbia Housing Market Trends
Currently, District Of Columbia 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 District Of Columbia are $646,470 The percentage of properties for sale in District Of Columbia is 93.5 which is huge.
Among all five MLS listing companies in District Of Columbia, 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- $999 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 District Of Columbia. 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 District Of Columbia?
The best Flat Fee MLS in District Of Columbia is:
2) Cottage Street Realty
4) Net Realty Now
5) MLS My Home
How much do Flat Fee services cost in District of Columbia?
Flat Fee services in District of Columbia could cost you around $99-$999.
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