5 Hi-Tech Flat Fee MLS Michigan Listing Services That Are Changing The Game (2022 Updates)
Michigan is one of the prominent states in the United States. It has seen a downfall in the housing market but now, the demand is shooting up again. As per the updates, the house listings fell 7% from the last year.
We have ranked and reviewed the top 5 Flat Fee MLS Michigan listing companies, to help you make an informed choice.
In this guide, we’ll cover:
- Rankings: Michigan Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: Michigan Flat Fee MLS Listing Services
- Hidden Fees
- Final Note
- Frequently Asked Questions
Rankings: Michigan Flat Fee MLS Listing Services
|Flat Fee MLS Service||Price||Additional Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|3. Modern Way Realty||$395-$695||0.1%-0.5%||⛔||⛔||⛔||⛔||⛔|
|4. Flat Fee Realty||$269||0.1%-0.25%||⛔||⛔||⛔||⛔||⛔|
|5. Kermath Realty||$399-$998||3%-3.5%||⛔||⛔||⛔||⛔||⛔|
» 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 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: Michigan Flat Fee MLS Listing Services
Houzeo is one of the top flat rate MLS listing companies in Michigan.
🧰 Packages: The fixed fee MLS service packages of Houzeo range from $229-$429 in Michigan. All the plans, from bronze to platinum, offer unique features to help you save thousands of dollars.
📢 Syndication: In Michigan, if you would choose to go for MLS listings with Houzeo, it automatically syndicates your house listings on real estate platforms like Realtor.com, Zillow, Redfin, Trulia, etc.
🔑 Key Features: This flat rate MLS service offers you a lot of features under different economical plans. Houzeo showings are one of the features that helps you with managing the showing appointments online. You can review, compare, and counter the property offers with the available features in a particular plan.
📱 Technology: In regards to technology, Houzeo is highly advanced as it uses an IntelliList listing management system. It makes everything 100% online including the showings, listing management, transactions, disclosures, etc.
🥇 Our top pick: Houzeo stays on the top as per our research as it provides super assistance at such affordable packages.
- Super-fast listing
- Economical packages
- Nationwide coverage
- 100% online processes
- Mobile application availability
- Syndication to top real estate websites
It has nationwide coverage.
🧰 Packages: This fixed fee MLS listing service provides just one listing package worth $399.95 in Michigan. FSBO.com has been in the housing market since 1997. It is one of the oldest and most trustworthy real estate platforms.
📢 Syndication: It syndicates your MLS listings to Realtor.com, Trulia, Zillow, and more which gives more exposure to the property.
🔑 Key Features: FSBO.com helps you list your home on their website and MLS for a flat fee. It increases the chances of getting the properties sold faster. It offers the fixed fee MLS listing service across major cities of Michigan.
💁♀️ Suitability: This flat rate MLS listing is suitable for mainly those who want their property to get maximum exposure.
✋ Beware: It provides you with a yard sign feature but at an extra cost. Also, under this $399.95 MLS listing package, they ask for additional charges of $99.95 to list the property on their website FSBO.com.
- No hidden charges
- Allows to edit or re-list the property anytime
- Syndication to big real-estate websites like Trulia, Zillow, Realtor.com
- The photo upload limit is 40
- Lot 0f manual work is involved as the processes are offline
- Provides MLS and Realtor.com listings for only six months
- Additional charges for lockboxes, yard signs, seller disclosures
It has 3.2 ratings (out of only 1 review) on Trustpilot.
It serves majorly in the big counties of Michigan.
3. Modern Way Realty
🧰 Packages: This flat rate MLS Michigan listing service offers two packages worth 0f $395 and $695. The former is the basic MLS listing plan, and the latter is a full-service plan.
📢 Syndication: It helps you automatically syndicate the listings to local websites like Michigan MLS and national websites like Zillow, Trulia, etc.
🔑 Key Features: It lists your property faster within 24 hours. The process of home selling is 100% online with modern fee realty as there is no paperwork involved. Also, you can do changes in listings as many times as you want.
✋ Beware: Modern Free Realty charges you extra to get seller disclosures. Also, even while syndicating the property, they do it for only six months.
- 100% online procedures
- Fast listing
- Cancellation without hassle
- No additional charges for listing changes
- Property exposure on both local and national websites
- No pricing assistance
- Extra charges for comparative analysis
- List on MLS for only six months
- Photo upload limit is set to maximum 25
Modern Way Realty has 5-star ratings (out of 76 reviews) on Google Reviews.
It covers only the major parts of Michigan.
4. Flat Fee Realty
🧰 Packages: This fixed fee MLS Michigan listing service offers only one package worth $269. This package lets you upload only up to six property photos on MLS.
📢 Syndication: It exposes your MLS listings on national websites like Trulia, Zillow, and Realtor.com. It syndicates the property with local websites as well.
🔑 Key Features: They allow you to pick the buyer agent fee. Change your listing details any time. This flat rate MLS listing platform lets you cancel the plan anytime. Free state disclosures are available as another feature.
✋ Beware: They take additional charges if you want to upload more than six property photos on the MLS listing. Even after charging you an extra $50, they will allow you to upgrade the photo limit to 25.
- Affordable package price
- Completes the listing within one business day
- Unlimited and free listing changes
- No charges for state disclosures
- Restrictive photo upload limit
- Hidden charges
- Less coverage
- Only six months listing on MLS
No reviews could be found on enough credible websites to provide a positive or negative rating for this Flat Fee MLS service.
It is not available in entire Michigan.
5. Kermath Realty
🧰 Packages: It offers four plans ranging from Bronze to Platinum. The bronze package costs you $399, the silver package is worth $499, the gold package cost is $998, and the full-service platinum package is worth $349.
The $349 plan has a 1/2% extra commission attached at closing. You can also avoid paying the commission by purchasing it for a flat fee of $998.
🔑 Key Features: It provides you yard sign in every package, and there are no additional charges for it. It offers you lockboxes, virtual tours, and a showing time app in the silver, gold, and platinum package.
✋ Beware: No key box, shoeing management, and virtual tools are available in the bronze package. Also, it has a hidden fee involved that you need to pay at closing.
- Economical packages
- Good customer reviews and ratings
- High hidden fees
- Costly pricing assistance
- Only six months listing available
- Additional closing costs and buyer agent commission
- Restrictions on uploading photos- maximum six photos are allowed
It has 4.7-star ratings (out of 57 reviews) on a credible platform Google Reviews.
It covers most of the Michigan.
Hidden Fees in Flat Fee MLS Listing Companies
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 fixed 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.
💡 Queen’s Counsel: Everything you need to know about Flat Fee MLS Michigan
Michigan Housing Market Trends
According to the reports, the current housing market in experiencing fierce competition due to a recent downfall. The median home values in Michigan are $223,849.
The market is expected to grow up, and leave the pandemic hit behind. So, it is better to keep yourself ready to list a property on MLS and join the race.
In Michigan, if you would go with a flat rate MLS service, it will cost you between $229-$998 but that’s only an average price. On the lower side, you can buy an MLS listing package for $229 and on the higher side, a comprehensive MLS listing service package can cost as much as $998.
This guide has covered the top fixed fee MLS companies in Michigan. You may choose the one which suits your requirement.
Frequently Asked Questions
Which are the top Flat Fee MLS listing companies in Michigan?
The best Flat rate MLS listing companies in Michigan are:
3. Modern Way Realty
4. Flat Fee Realty
5. Kermath Realty
What is a flat fee deal?
It is a deal where the best platforms like Houzeo charge you a fixed price and give you multiple features in its exchange. The flat fee MLS services in Michigan do not charge on a commission basis.
How much does it cost to use flat fee MLS?
In Michigan, the listing cost depends upon the platform you choose to list your property on MLS. It costs you between $229 to $998, depending upon the plan you decide to go with.
Is Flat Fee MLS Legal?
Yes, is legal all over the United States, including in Michigan. 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 major difference between a Flat Fee MLS service company and a 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 Michigan listing service on the other hand, asks you a flat fee instead.
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