Indiana is ranked as the 4th best housing market positioned for growth in 2022. Home sales in the metro area are expected to increase by nearly 15% while home prices are projected to grow by 5.5%. If you are looking for Flat Fee MLS listing services in Indiana, this detailed guide will help you save thousands of dollars.
» In this guide, we’ll cover:
- Rankings: 5 Flat Fee MLS Indiana Listing Services
- How much does Flat Fee MLS Listing Cost?
- Reviews: 5 Flat Fee MLS Indiana Listing Services
- Hidden Fees
- Final Note
- Frequently Asked Questions
Rankings: 5 Flat Fee MLS Indiana Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. Flat Fee Realty LLC||$599||None||⛔||⛔||⛔||⛔||⛔|
|3. Paradigm Realty Solutions||$399-$499||None||⛔||⛔||✅||⛔||⛔|
|4. Mentor Listing Realty||$299-$399||$45-$590 + 🚩$200||⛔||⛔||⛔||⛔||⛔|
|5. I Sold My House||$299-$399||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 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 Indiana Listing Service
Houzeo is America’s #1 Flat Fee MLS listing service.
Packages: Houzeo’s Flat Fee Mls Indiana packages range from $349-$449.
➡️ Customization: Contract review, pricing assistance, and professional photography are some of the key features that you get as part of the Houzeo plans.
📱 Technology: Houzeo’s customer dashboard is an advanced feature where you will get access to multiple services. You can view and compare offers, counter offer, schedule showings, and much more.
📣 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.
👑 Queen’s Counsel: Start With Your Free Listing
- Wide coverage in the U.S
- Great savings
- Listing on MLS and other real estate websites like Zillow, Realtor.com, and more
- Amazing listing speed (within two days)
- Fully automated
- Great mobile app
- Multiple services to choose from!
Houzeo is present in 80+ Markets in the US.
2. Flat Fee Realty LLC
Flat Fee Realty LLC is one of the leading Flat Fee MLS Indiana companies.
👉 Packages: They have only one package that is for $599. This package includes all the listing services, comparative market analysis, yard signs, and professional photos from their agent himself.
✂️ Customization: Additional services like a lockbox, an outdoor brochure box, and advance assistance from the agent are available. They do not have an FSBO Indiana option. They have their own earnest money trust account to safeguard your money from any fraudulent activity.
🔊 Exposure: They list your property within 48 hours and includes a listing term of 6 months.
👑 Queens Counsel: How to List on MLS For Sale By Owner
- Lists for 6 months
- Your listing comes with comparative market analysis, yard signs, and professional photos from their agent himself
- Available in Indianapolis metro area only.
- No FSBO services
Flat Fee Realty LLC has no credible ratings available for their flat fee MLS Indiana services
Available only in the metro regions of Indiana.
3. Paradigm Realty Solutions
Paradigm Realty Solutions is a Flat Fee MLS Indiana listing service that offers flat-fee packages at affordable prices.
👉 Packages: Their Flat Fee MLS Indiana packages range from $399 to $499. These packages include 6 months listing term, maximum pictures, unlimited free changes and free yard signs.
🔊 Exposure: They list your property on Zillow, Trulia and many other websites.
⚠️Note: They charge a hefty additional fee which is $350 at closing, $25 yard sign which comes free as they claim but you ultimately have to pay for it and non-refundable credit card processing fees.
- Provides additional features to your listings
- Unlimited free changes to your listings
- They charge a hefty amount of $350 at closing
- Not 100% online
No ratings were found on credible websites.
Available in all major areas of Indiana.
4.Mentor Listing Realty
Mentor Listing Realty provides For Sale By Owner services with an MLS listing in major parts of Indiana.
👉 Packages: They offer 3 Flat Fee MLS Indiana packages, the basic package starting at $299. The standard package is for $349 and the premium package comes at $399. These packages have a listing term of 6 months.
✂️ Customization: Sellers can extend the listing term of another 6 months by paying $99. They also offer open house listings on the MLS.
🔊 Exposure: Your property gets listed on popular websites like Zillow, Trulia and other local websites.
⚠️ Limitations: They limit your chances of finding an unrepresented buyer as they do not feature a direct social media sharing option.
👑 Queens Counsel: 12 Best For Sale Owner by Owner Websites (2022 Rankings)
- Unlimited open houses on Indiana MLS listings
- Broker support and assistance in all the packages, but only via phone and email
- Provision of state disclosure forms and contracts
- Basic flat fee MLS Indiana package includes only one photo
- Not 100% online
- $200 at the time of closing
- Additional cost for market survey report
Available in Indiana and Illinois
5. I Sold My House
I Sold My House is a flat fee MLS Indiana listing services that offers flat-fee packages ranging from $299 to $399.
👉 Packages: Their packages range from $299-$399. These packages allow you to schedule open houses without any additional fees.
✄ Customization: Their packages are quite stringent and do not allow a lot of customization. Not a lot of a la carte options are available. They directly forward all the buyer leads to the home seller.
📢 Exposure: They charge additional $50/month to feature your listing on their homepage and sidebar. This will give your home added exposure and might lead to a quick sale.
👑 Queen’s Counsel: What are the Seller Closing Costs in Indiana?
- Buyer leads are directly forwarded to the home seller
- Your property gets listed in Zillow, Trulia, Realtor.com
- Open house option
- They do not allow customization of their packages
- Many home sellers have complained about their customer support
No reviews or ratings were found on credible websites.
Covers major MLS listings in Indiana.
💡 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 some Flat Fee MLS listing services may charge.
|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.
Indiana housing market trends
Indiana is a hot market currently. The median home sale price in Indiana is $221K. Prices are further expected to increase as 2022 is anticipated to have the second highest sales level followed by 2021.
Home prices in February 2022 increased by 23% as compared to last year. With remote work opportunities and affordable rates of homes, the Indiana housing market is expected to see an upward surge in the coming years.
Among all five flat fee MLS listing companies in Indiana, 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-$599 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
Which are the top Flat Fee MLS Listing companies in Indiana?
The top five Flat Fee MLS Listing companies in Indiana are:
2. Flat Fee Realty
3. Paradigm Realty Solutions
4. Mentor Listing Realty
5. I Sold My House
Is Flat Fee MLS legal in Indiana?
Flat Fee MLS is legal all over the United States, including Indiana. In fact, the US DOJ just updated their bulletin highlighting the benefits of Flat Fee MLS for For Sale By Owner home sellers.
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 Indiana MLSs will make your listing live in under 24 hours.
What is the best time to sell a house in Indiana?
The best time to sell a house in Indiana is June.
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.
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