✍️ Queen’s Note: Real Estate Queen does in-depth research on real estate services and simplifies it for our readers. This guide compares all the major Flat Fee MLS Mississippi companies in based on the criteria that are most important to home sellers: affordability, customer service, exposure, technology and transparency.
Mississippi had a population of 2.95 million people in 2021. This was a slight decrease from the previous year when the state’s population was estimated to be at 2.96 million. In 1960, the population of Mississippi was estimated to be around 2.18 million people. Mississippi 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 Mississippi.
We have ranked and reviewed the top 5 Flat Fee MLS Mississippi companies, to help you make an informed decision.
» In this guide, we’ll cover:
- Rankings of Mississippi Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: 5 Flat Fee MLS Mississippi Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Note
- Frequently Asked Questions
Ranking of Mississippi Flat Fee MLS Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|1. Houzeo||$199 – $449||None||✅||✅||✅||✅||✅|
|2. MLS My Home||$99-$199||None||⛔||⛔||⛔||⛔||⛔|
|3. List With Freedom||$89-$295||0.1%||⛔||⛔||⛔||⛔||⛔|
|4. Flat Fee Group||$399-$999||None||⛔||⛔||⛔||⛔||⛔|
|5. I Sold My House||$299-$399||None||⛔||⛔||⛔||⛔||⛔|
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 Mississippi Companies
2. 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 Mississippi companies.
📣 Maximum Exposure: The platform is not available in all of Mississippi, 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 Mississippi
- Syndicates with other listing websites
- The basic package has only six photos included
- Covers selective areas of Mississippi
- 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 Mississippi.
3. List With Freedom
List with Freedom provides all four Mississippi Multiple Listing Service packages with full customer support.
👉 Packages: Their basic package starting at $89 includes ONLY 1 photo and a listing term of six months. Their highest package is priced at $295.
📢 Exposure: Your home gets listed in real estate websites like Zillow, Trulia, Redfin and more.
➡️ Customization: Extra services can be availed for fees ranging from $25 to $40.
👌 Best Option: For those sellers who have a fair idea about how real estate works.
- A la carte options like open house and showings are available.
- No cancellation fees.
- Hidden fee is 0.1%.
- Only one photo in the basic package listing.
Available in all major counties in Mississippi.
4. Flat Fee Group
🧰 Packages: The plans offered for flat rate MLS Mississippi service cost you $399 to $999. The starting package of $399 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.
✔ Availability: This fixed fee MLS service is easily accessible if you sell a property located in the major cities within Mississippi. The services are also available in almost all the other major-minor states of the U.S.
- 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 Mississippi.
5. I Sold My House
💼 Packages: I Sold My House is a flat-fee MLS listing service in Mississippi that offers packages starting from $299 to $399. You can schedule open houses for no additional cost with their packages.
One of the best things they have is that they send all buyer leads directly the house seller. You can also pay $50 per month to have your listing featured on their homepage and sidebar.
📢 Exposure: Your property will be published on the homepage and sidebar of their website for $50 per month, which will enhance exposure for your home and maybe lead to a quick sale.
📱Technology: These packages are fairly restrictive and don’t allow for much customization, and there aren’t many a la carte possibilities.
⚠️ Caution: The add-on services can add up to a significant amount. So, one needs to keep these factors in mind.
- You save the listing agent commission
- Buyer leads are directly forwarded to the home seller
- Schedule open houses without additional fees
- You are on your own to market your property
- Many home sellers have complained about their customer support
- No customization available
- Not a lot of a-la-carte services to choose from
No reviews or ratings were found on credible websites.
Covers major MLSs in Mississippi.
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.
Mississippi Housing Market Trends
Currently, Mississippi 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 Mississippi are $159,018 The percentage of properties for sale in Mississippi is 88.8 which is huge.
Among all five MLS listing companies in Mississippi, 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 $199- $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 Mississippi. 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 Mississippi?
The best Flat Fee MLS in Mississippi is:
2) MLS My Home
3) List With Freedom
4) Flat Fee Group
5) I Sold My house
How much do Flat Fee services cost in Mississippi?
Flat Fee services in Mississippi could cost you around $199-$999.
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