5 Hi-Tech Flat Fee MLS Minnesota Listing Services That Are Changing The Game (2022 Updates)
The housing market in Minnesota is currently highly competitive. The median home sale prices are going up by 17% year over year. If you are planning to sell a property, this is the time you should start your research and choose the platform you want to go with.
We have ranked and reviewed the top 5 Flat Fee MLS Minnesota listing companies, to help you make an informed choice.
In this guide, we’ll cover:
- Rankings: Minnesota Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: Minnesota Flat Fee MLS Listing Services
- Hidden Fees
- Final Note
- Frequently Asked Questions
Rankings: Minnesota 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 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.
» Pro Tip: To know the most accurate closing cost estimate of your state or city, check out Houzeo’s Closing Cost Calculator.
Reviews: Minnesota Flat Fee MLS Listing Services
Houzeo is one of the top flat rate MLS listing companies in Minnesota.
🧰 Packages: This flat rate MLS listing service offers packages ranging from $229-$399 in Minnesota. All the plans, from bronze to platinum, offer unique features to help you save thousands of dollars.
📢 Syndication: If you choose to go for MLS listings with Houzeo in Minnesota, it automatically syndicates it on real estate websites like Realtor.com, Zillow, Redfin, Trulia, etc.
🔑 Key Features: This flat rate MLS service offers you a lot of features under different affordable 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: Houzeo is highly advanced in terms of technology. It uses an IntelliList listing management system to keep everything 100% online. This system allows managing 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.
👑 Queen’s Counsel: Register with Houzeo today!
- Affordable packages
- Super-fast listing
- 100% online processes
- Nationwide coverage
- Mobile application availability
- Syndication to national real estate websites
Houzeo has received 4.9 ratings (out of 2,166 customer reviews) on the top review sites like Google and Trustpilot.
» Houzeo Review: Is $349 worth it?
It has nationwide coverage.
🧰 Packages: This flat rate MLS service offers only one package in Minnesota for just $99. Any other plans of this flat rate company are not available for this state.
📢 Syndication: It lists your property on local MLS and syndicates it to the national real-estate websites. It makes your property get maximum exposure on websites like Zillow, Trulia, and more.
🔑 Key Features: Within this $99 package, it offers you multiple features. It provides you super-fast listing within 26 hours of the request. There is 24*7 customer support on call and chat as well. It allows you to alter and update the listings for free.
👑 Queen’s Counsel: How to List on MLS For Sale By Owner Without a Realtor (2022)
- Affordable package price
- Money-back guarantee
- No cancellation charges
- No limit of property photo upload
- Only one package available
- No assistance in documentation
- The buyer agent fee is not disclosed
Beycome has 3-star ratings (out of 16 reviews) on a credible website Yelp.
It covers all counties of Minnesota.
3. I Sold My House
🧰 Packages: This fixed fee MLS listing Minnesota service offers two packages in the state. The first package costs $299, and another one is $399. The first plan of $299 is mainly for rentals and houses with one or two rooms. On the other hand, the package of $399 is suitable to sell all kinds of homes.
📢 Syndication: It provides high exposure to your property on websites like Zillow, Realtor.com, Trulia, and on a lot of local real-estate websites as well. The syndication provided by ‘I Sold My House’ is effective.
🔑 Key Features: It gives the opportunity of FSBO listings on its website and allows you to cancel the purchased plan anytime for free. It does not charge you any listing commission, and there are no hidden charges. Also, you will directly get all the buyer leads.
✋ Beware: You can upload only 6-10 photos in the basic package. In the $399 plan also, there is a limit of uploading photos which are 25.
👑 Queen’s Counsel: Selling A House As Is: A Step-By-Step Guide for Home Sellers
- Strong syndication to local and national real-estate websites
- No hidden charges
- Buyer leads are directly forwarded to the seller
- Free cancellation of plans available
- Open house scheduling is included in the package fee
- Limit of uploading photos
- Limited feature
- No marketing assistance
- Customer support is not good
- Limited customization available
It has 4.75 start ratings (out of 40 reviews) on a reliable website Better Business Bureau.
It is available in most of Minnesota.
4. Savvy Avenue, LLC
🧰 Packages: It offers three packages in Minnesota ranging between $295 to $495. The ‘basic $299 package’ provides only three months listing with 6 MLS photos. The second ‘extended package’ of $395 provides six months listing with 25 MLS photos. The third one, the premium plan, gives you a listing for 12 months with 50 MLS photos.
📢 Syndication: This flat rate MLS listing service syndicates your properties to hundreds of real-estate websites in all three packages. The syndication is on local and national websites.
💁♀️ Suitability: This flat rate MLS service is suitable mainly for the experienced sellers because of the lack of customized services available here. Also, as the basic package does not assist you much and does not expose you to disclosures, it would be problematic if you do not have a prior home-selling experience.
🔑 Key features: The major features include amazing and 24*7 customer support, open house opportunities, buyer requests directly forwarded to you, unlimited free changes allowed in your listings, online processes, etc. These are the features of all three packages. The extended and premium features provide some added features too.
👑 Queen’s Counsel: How to List on MLS For Sale By Owner
- Consistent customer support
- No cancellation charges
- No hidden fees
- Unlimited and free listing changes allowed
- Fast and easy listing processes
- Limit of uploading property photos
- Low on technology
- No exposure to disclosures in the basic package
No reviews found of Savvy Avenue on credible websites like Trustpilot, Google Reviews, Yelp.
It is available in most of Minnesota state.
5. 123 Flat Fee MLS
🧰 Packages: This fixed fee MLS Minnesota listing service offers two packages in the state. One is the showcase package of $399, and another is the premium package of $599. Both plans will help you with a house listing of 12 months with unlimited photo upload.
📢 Syndication: It helps you syndicate your house listings on national websites like Trulia, Zillow, Realtor.com, etc. It also syndicates the property to many local websites.
🔑 Key Features: It now offers professional photography of your house while listing it on the MLS. It is one of the most exciting features of this flat rate MLS listing service. Other offered features include showing time which lets you manage your showings online, open houses, and property flyers.
✋ Beware: This fixed fee MLS listing service does not provide you price assistance in the $399 package. To get any help to set the property price, you would need to purchase the premium plan.
👑 Queen’s Counsel: Seller’s Disclosure: What Home Sellers Need To Disclose
- Professional photographers
- Showing time
- No limits of uploading property photos
- Premium package is costly
- Low coverage
- No price assistance in the showcase package
No credible reviews found of this flat rate MLS service.
It is not available in all the counties of Minnesota.
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 Minnesota
Minnesota Housing Market Trends
Currently, Minnesota 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 Minnesota are $317,854 The percentage of properties for sale in Minnesota is 88.1 which is huge.
In Minnesota, if you would go with a flat rate MLS service, it will cost you between $99-$599 but that’s only an average price. On the lower side, you can buy an MLS listing package for $99 and on the higher side, a comprehensive MLS listing service package can cost as much as $599.
This guide has covered the top fixed fee MLS Minnesota services. You may choose the one which suits your requirement.
💡 Queen’s Counsel: Check out the best flat fee packages for listing your home on MLS!
» 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 are the Top Flat Fee MLS services In Minnesota?
Houzeo has been the leading Flat Fee MLS site in Minnesota, followed by Beycome, I Sold My House, Savvy Avenue LLC, and 123 Flat Fee Minnesota.
Is Flat Fee Legal in Minnesota?
Flat Fee MLS is legal all over the United States, including in Minnesota.
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.
How much do Flat Fee services cost in Minnesota?
Flat Fee services in Minnesota can cost you around $99-$599.
Is the MLS the same as Zillow?
Various MLS is a part of the Zillow Partnership Platform. Licensed real estate agents in Minnesota have access to MLS Listing whereas few websites such as Zillow public websites have the access.
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