Kentucky had a population of 4.51 million people in 2021. This was a modest increase from the previous year when the state’s population was estimated to be at 4.5 million. In 1960, the population of Kentucky was estimated to be around 3.04 million people. Kentucky 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 Kentucky.
We have ranked and reviewed the top 5 Flat Fee MLS Kentucky companies, to help you make an informed decision.
» In this guide, we’ll cover:
- Rankings of Kentucky Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: Kentucky Flat Fee MLS Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Note
- Frequently Asked Questions
Ranking of Kentucky Flat Fee MLS Listing Services
|Flat Fee MLS Service||Price||Additional Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|3. I Sold My House||$299-$399||None||⛔||⛔||⛔||⛔||⛔|
|4. Savvy Avenue, LLC||$295-$495||None||⛔||⛔||⛔||⛔||⛔|
|5. 123 Flat Fee Minnesota||$399-$599||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.
» Pro Tip: To know the most accurate closing cost estimate of your state or city, check out Houzeo’s Closing Cost Calculator.
Reviews: 5 Flat Fee MLS Kentucky Companies
Houzeo is a real estate technology company that provides affordable services and is 100% online.
💼 Packages: They provide Flat Fee MLS Kentucky listing packages that range from $329-$429. 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 Counsel: 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
Houzeo has a 4.9 out of 5 rating on Google & Trustpilot.
» Houzeo Review: Is $349 worth it?
Houzeo is available nationwide.
2. Mink Realty
Mink Realty has affordable plans for Flat Fee MLS Listing services in Kentucky.
👉 Packages: Their $299 package for MLS Kentucky Flat Fee Listing service includes 6 photos and a listing term of 6 months.
Gold Package($499): Includes 6 months listing with 50 photos allowed on MLS. You’ll also get social media exposure, which will help you sell your home faster.
Platinum Package($999): Includes 12 months listing with 50 photos allowed on the MLS. You will get complete support from the Realtor. Services like Showing Appointment Scheduling, social media exposure, contract reviews, and advice will be provided to you in this package.
✄ Customization: You can include additional services like professional photos, Electronic Doc Signing, Facebook Marketing boost, etc for an extra fee with your flat fee MLS package.
📢Exposure: Your property gets listed on platforms like Zillow, Trulia, Redfin, and other MLS local websites.
📝 Note: They charge $250 at closing in every flat fee Kentucky package. You can cancel your MLS Kentucky listing whenever you want without any penalty.
👑 Queen’s Counsel: How to List On MLS For Sale By Owner
- Affordable options are available for Flat Fee MLS Kentucky
- Social media exposure
- Buyer lead forwarded directly to you
- Their basic package includes ONLY 6 photos
- Very limited services in basic package
- No FSBO option
- They charge $250 at closing
Mink Realty has a 4.9 out of 5 rating (17 total reviews) on Zillow
They cover major MLS’ in Kentucky.
3. Flat Fee Realty
Flat Fee Realty has affordable plans for Flat Fee MLS Listing services in Kentucky.
👉 Packages: Their $249 package for MLS Kentucky 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 0.1% to 0.25% 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 Kentucky
- 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 Kentucky
- Flat Fee Realty offers no assistance for pricing in their FSBO MLS listing Kentucky 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 Kentucky service!
Covers only some areas in Kentucky state.
4. Flat Fee Group
🧰 Packages: The plans offered for flat rate MLS Kentucky service cost you $299 to $999. The starting package of $299 provides only guidance, and you will need to do everything by yourself.
While the $999 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.
📢 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. They charge $250 at closing as mentioned on their website.
✔ Availability: This fixed fee MLS service is easily accessible if you sell a property located in the major cities within Kentucky. The services are also available in almost all the other major-minor states of the U.S.
👑 Queens Counsel: Top Discount Real Estate Brokers and Companies
- 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 Kentucky.
🧰 Packages: It provides you fixed fee MLS listing services in Kentucky on packages worth $99.95 to $399.95. It provides you with cost-effective plans to complete your real estate transactions of buying and selling properties.
It is one of the oldest real estate platforms that help to ease the process of buying and selling houses since 1997.
🔑 Key Features: FSBO.com helps you list your home on their website and on MLS for a flat fee. It increases the chances of getting the properties sold faster. It helps to provide fixed fee MLS listings across major cities of Kentucky.
💁♀️ Suitability: It is suitable for mainly the sellers who want to list their properties on MLS and on such a huge platform as FSBO.com.
✋ Beware: It provides you with a yard sign feature but at an extra cost.
- Allows to upload unlimited property photos
- Access to edit or re-list anytime
- Enhance the chances of selling by listing on MLS and FSBO.com website
- Assign you a broker to assist with listing instead of doing it itself
- Charges you extra for lockboxes, yard signs
- You need to pay additional charges for accessing seller disclosures
It has 3.2 out of 5-star ratings on Trustpilot (only one review).
Its reach is also limited as it serves only the major cities of Kentucky.
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.
Kentucky Housing Market Trends
Currently, Kentucky 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 Kentucky are $193,356 The percentage of properties for sale in Kentucky is 87.3 which is huge.
Among all five MLS listing companies in Kentucky, 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 $299- $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.
» Want to learn more? Read these exclusive Houzeo reviews to find out why it is one of the best For Sale By Owner Websites in America.
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 Kentucky. 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 Kentucky?
The best Flat Fee MLS in Kentucky is:
2) Mink Realty
3) Flat Fee Realty
4) Flat Fee Group
How much do Flat Fee services cost in Kentucky?
Flat Fee services in Kentucky could cost you around $299-$999.
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