✍️ 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 Missouri companies in based on the criteria that are most important to home sellers: affordability, customer service, exposure, technology and transparency.
Missouri had a population of 6.17 million people in 2021. This was a decent increase from the previous year when the population was around 6.15 million people. Missouri 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 Missouri.
We have ranked and reviewed the top 5 Flat Fee MLS Missouri companies, to help you make an informed decision.
» In this guide, we’ll cover:
- Rankings of Missouri Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: 5 Flat Fee MLS Missouri Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Note
- Frequently Asked Questions
Ranking of Missouri Flat Fee MLS Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. BuySelf Realty||$199-$499||None||⛔||⛔||⛔||⛔||⛔|
|3. MLS My Home||$99-$199||None||⛔||⛔||⛔||⛔||⛔|
|4. Flat Fee Realty||$199||0.1%-0.25%||⛔||⛔||⛔||⛔||⛔|
|5. Flat Fee Group||$299-$999||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 Missouri Companies
2. BuySelf Realty
💼 Package: BuySelf Realty is a Minnesota-based flat fee MLS listing service that serves Missouri and provides flat fee MLS Missouri packages ranging from $199- $499. The platform offers 8 photos and 3 months of listing on MLS in the basic package. You can make changes to your listing on the MLS for free and cancel it at any time.
✄ Customization: If you want to avoid new start-ups and realtors who have little experience in real estate transactions, BuySelf Realty is suitable.
📣 Maximum Exposure: BuySelf Realty counters your suggestions by assessing the best alternatives available.
📝 Note: BuySelf Realty answers your calls and texts quickly, so you can directly contact with BuySelf Realty for any query.
- No Hidden Fee Guarantee
- Free listing changes
- Licensed real estate support
- Low on tech
- Many home sellers have complained about their customer support
- Not based in Missouri
BuySelf Realty has a 4.9 out of 5 ratings (245 total reviews) on the popular review site Google Reviews.
BuySelf Realty covers most of Missouri.
3. 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 Missouri companies.
📣 Maximum Exposure: The platform is not available in all of Missouri, 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 Missouri
- Syndicates with other listing websites
- The basic package has only six photos included
- Covers selective areas of Missouri
- 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 Missouri.
4. Flat Fee Realty
Flat Fee Realty has affordable plans for Flat Fee MLS Listing services in Missouri.
👉 Packages: Their $199 package for MLS Missouri 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 Missouri.
- 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 Missouri
- Flat Fee Realty offers no assistance for pricing in their FSBO MLS listing Missouri 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 Missouri service!
Covers only some areas in Missouri state.
5. Flat Fee Group
🧰 Package: The plans offered by this company are between $299 to $999. The starting package is a basic one that provides only assistance, and ultimately you will need to do everything. Whereas the full-service package of $399 does for you by this flat rate MLS listing company.
🔎 Transparency: It does not charge any hidden fee as it is very transparent regarding the package cost.
📢 Syndication: It gives you exposure to not just on the MLS but also on real-estate websites like Zillow, Realtyor.com, Trulia, and more.
📱 Technology: This fixed fee MLS listing service is not pro when it comes to technology. Most of the work you would need to do manually if you would go with a basic or medium package.
✔ Availability: This flat rate MLS service is available in all the major cities of Missouri which makes it easier for you to sell the property located anywhere in the state. In fact, it is available in almost all the other major-minor states as well.
👑Queen’s Counsel: Selling A House Without A Realtor: 9 Simple Steps For Home Sellers
- Good property exposure
- Offers diverse packages
- No hidden fees
- Nationwide availability
- Costly full-service plans
- No assistance over pricing
No reliable reviews available for this fixed fee MLS service.
It has the reach to almost all the states of the U.S. Particularly in Missouri, it covers all the major cities.
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.
Missouri Housing Market Trends
Currently, Missouri 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 Missouri are $217,084 The percentage of properties for sale in Missouri is 88.6 which is huge.
Among all five MLS listing companies in Missouri, 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 $99- $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 Missouri. 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 Missouri?
The best Flat Fee MLS in Missouri is:
2) Buyself Realty
3) MLS My Home
4) Flat Fee Realty
5) Flat Fee Group
How much do Flat Fee services cost in Missouri?
Flat Fee services in Missouri could cost you around $99-$999.
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