Are you looking to save thousands of dollars through Flat Fee MLS New Jersey services? It may be a good option considering, the existing home sales in New Jersey market reached a record high since the beginning of 2022, as per reports.
Prices have increased 15% statewide and will likely increase by another 5 % in 2022.
We have ranked and reviewed the top 5 Flat Fee MLS companies in NJ, to help you make an informed choice.
» In this guide, we’ll cover:
- Rankings: Flat Fee MLS New Jersey Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: Flat Fee MLS NJ Listing Companies
- Hidden Fees in Flat Fee MLS Listing Companies
- New Jersey Housing Market Trends
- Final Words
- Frequently Asked Questions
Rankings: Flat Fee MLS New Jersey Listing Companies
|Flat Fee MLS Service||Price||Additional Cost||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. NJ Real Estate Boutique||$395||None||⛔||✅||✅||⛔||⛔|
|3. Jersey Flat Fee||$249-$595||None||⛔||⛔||✅||⛔||⛔|
|4. RealMart Realty||$395 - $695||1% at closing (premium)||✅||✅||✅||⛔||⛔|
|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 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 New Jersey, check out Houzeo’s Closing Cost Calculator.
Reviews: Flat Fee MLS NJ Listing Services
Houzeo offers 4 comprehensive Flat Fee MLS Listing plans.
- Bronze (FREE): Yes. It’s Free! Just pay a $49 fee for the Houzeo yard sign, take a selfie, and get refunded.
- Silver: In the silver plan, you can list 24 photos for 6 months. You also get a yard sign and unlimited listing changes. Your listing is syndicated to Zillow, Trulia, and more.
- Gold: Gold is Houzeo’s signature MLS package with tech features like Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum: This is the ultimate flat fee plan with a 1-year listing term and virtual full-service from a licensed broker.
👉 Is Houzeo Legit? Find out before investing!
Houzeo has the best tech available for a Flat Fee MLS platform!
- No Listing Commission: With Houzeo you save at least 3% on listing agent commission. All fees are disclosed upfront, so there are no Houzeo hidden fees.
- Advanced Tech: Houzeo offers up-to-the-minute technology to give you a smooth ride from list to close. You get an intuitive seller’s dashboard, free mobile app, and 100% online paperwork.
- Maximum Exposure: Your home is listed on 100+ real estate websites like Zillow and Trulia. This ensures maximum eyeballs on your property.
- Nationwide Coverage: Houzeo covers 47 states and DC.
👉 Houzeo Customer Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 4,523 home sellers on Google Reviews and Trustpilot!
In our research, we found no major red flags with Houzeo. Customers have consistently given positive reviews about their experience!
👉 Houzeo Complaints: Find Out what sellers said about Houzeo!
👑 We recommend Houzeo’s Gold plan priced for an easy and quick listing. The full-service Platinum plan is a great option for first-time FSBO sellers who need expert guidance.
👉 Is Houzeo Good? Find out here!
2. NJ Real Estate Boutique
NJ Real Estate Boutique provides one Flat Fee MLS package and a Full-Service package.
- Flat Fee MLS Listing Plan -$395: The package includes a listing term of 6 months with 6 photos. Your listings get syndicated to Zillow, Realtor.com, and other sites. Additionally, it offers unlimited changes in open house postings and also provides a ‘For Sale Sign’.
- Full-Service Plan – 3.5% Commission: The package includes a listing term of 6 months with comparable market analysis. It also provides agent support for negotiations, contract reviews, and paperwork.
NJ Real Estate Boutique is a local Flat Fee MLS company available in Northern New Jersey.
- Buyer Lead Forwarding: All buyer leads are directly forwarded to you.
- No Extra Fee for Open House Posting: You do not have to pay an additional fee for open houses.
- Add-On Services: You can customize your package as per your requirement. They offer additional services like professional real estate photography, occupied home staging, digital agent lockbox, etc.
There are a few negatives of listing with NJ Real Estate Boutique.
No Refund: You do not get money back if you cancel your listing after it goes live on the MLS.
Re-Listing Fee: You have to pay the initial price for re-listing your property.
Not 100% Online: NJ Real Estate Boutique is low on tech. Therefore, sellers might find it challenging to manage their listings remotely.
No Tools Offered: It does not offer tools like a closing cost calculator, CMA, etc.
» New Jersey Closing Costs Calculator: Houzeo’s Closing Cost Calculator helps you to estimate the proceeds from the sale of your house.
NJ Real Estate Boutique offers a single flat fee MLS listing plan. Seller doesn’t have much to choose from when you have a single flat fee option.
3. Jersey Flat Fee
💼 Packages: They offer services that range from $249-$595. Their basic package includes 30-day listing and allows up to 10 photos uploaded.
Their premium packages include email support, unlimited listing changes, yard sign, and agent consultation.
👍 Best Option: For experienced sellers who need little to no assistance.
💡 Queen’s Counsel: Everything you need to know about Flat Fee MLS
- Affordable packages
- Mostly available in Northern New Jersey
- No a la carte menu
No credible ratings were found on any major platforms
Jersey Flat Fee majorly serves in northern NJ and Monmouth
4. RealMart Realty
Realmart Realty provides offers 2 Flat Fee packages and 1 Full-Service package.
Flat Fee Listing Plan – $395: The package includes a listing term of 6 months with 6 photos. You also get a “For Sale Sign” and the buyer or buyer agent details.
1% Professional Agency Plan – $695 + 1% at Closing: The package allows you to list Allows listing your home until sold. It also includes a realtor digital lockbox, full paperwork support, and dedicated agent assistance.
Here is what you will pay for the additional services-
- Showcase 25 Photos: $100
- Professional Photography: $199
- Unlimited Open House Advertisement: $100
- In-Home Staging Consultation: $99
- Combo Lockbox (Includes Shipping): $29
- For Sale Yard Sign: $29
Here are some key highlights of listing with Realmart Realty:
- Customizable Packages: You can customize your package by adding sign upgrades, lockbox, personal assistance, and professional photography as per your requirement.
- Listing Changes: You can make unlimited changes on the MLS after your property is listed.
- Buyer Lead Forwarding: All buyer leads are directly forwarded to you via email or phone by Realmart Realty.
In our research we found some deal breakers with Realmart Realty.
- Slow Listing: Realmart Realty’s listing procedure is manual. They send you too many offline forms which delays your listing on the MLS.
- Expensive Add-on Services: Their add-on services are expensive. You have to pay $29 – $199 for services like in-house professional photography, listing extension renewals, and CMA report.
👑 We recommend their Flat Fee Listing Plan priced at $395 that offers add-on services. In the package buyer leads are also forwarded to you.
5. I Sold My House
iSoldMyHouse provides 2 packages:
Get Listed – $299+: The package includes a listing term of 6 months with 6-10 photos.
Get Sold – $399+: The package includes a listing term of 6 months with 25 photos.
Coverage in 8 States: iSoldMyHouse, through its affiliate Get Listed Realty, offers its services in Connecticut, Georgia, New Hampshire, New York, Maine, Massachusetts, Rhode Island, and Vermont. In the remaining 42 states and Washington D.C., iSoldMyHouse sells your information as a lead to local brokers.
iSoldMyHouse.com is a good choice in the 8 states where it offers services.
- Experienced Broker: The owner of iSoldMyHouse, Kris Lippi is an experienced real estate broker. Kris is one of the few brokers with great expertise in For Sale By Owner MLS listings.
- Robust Customer Support: iSoldMyHouse has good reviews on trusted websites like Google and BBB.
There are a few negatives with iSoldMyHouse.com
- Leads Sold to Local Brokers in 42 States and DC: iSoldMyHouse.com offers services in 8 states. In the remaining 42 states + DC, it sells your information to a local broker. Then, a local broker will contact you to list your property. You don’t get any listing assistance or customer care support in these 42 states + DC.
- Slow Listing & Time to Make Changes High: In the 42 states + DC where it does not provide its services, it sells your information to a local broker. Due to this your listing on the MLS and other FSBO paperwork gets delayed.
- Not 100% Online: iSoldMyHouse is low on tech. You have to review offers and manage inspections manually. It also does not offer a mobile app.
👑 We recommend iSoldMyHouse.com in the 8 states it covers. We suggest you buy the “Get Sold” plan if you reside in one of these states. Getting more than 6 photos is crucial because it helps to sell your house.
6. Flat Fee Realty
Flat Fee Realty provides a single MLS package with varying costs as per the state.
- A listing term of 6 months with 6 photos is service included in the flat fee package. Your properties get syndicated to Realtor.com, Trulia, and Zillow. Free listing enhancements and state disclosures come as well.
👉 Any changes you wish to make to your listing photos must be purchased separately. For $50, you can add up to 25 photos.
Flat Fee Realty is a great flat fee MLS substitute where it provides direct services.
- Changes Made Simple: You can freely adjust your status and price with Flat Fee Realty. They enable correcting any minor problems found after the listing becomes live.
- Easy Cancellation: Within 30 days of your purchase, you can cancel and receive a refund. You can get a refund for some of your listing fees if you decide not to sell your home. There are no refunds after their broker has finished the listing process.
- Market Exposure: Real estate listings appear on Zillow, Trulia, and Realtor.com. You can advertise your home on all the major websites you choose to reach the ideal purchasers.
- Free Disclosures: Similar to taxes, documentation is a crucial selling point. For all states, Flat Fee Realty provides free disclosures.
In our analysis, Flat Fee Realty has some significant red flags.
- Non-customizable Packages: The listing bundle offered by Flat Fee Realty does not allow any modification. The package’s one-size-fits-all design restricts the possibilities you can choose from.
- 0.25% Commission at Closing: At closing, Flat Fee Realty takes a commission of 0.25%. They claim the buyer agent is responsible for paying this, but the seller pays the entire commission.
👑 Flat Fee Realty is an excellent choice if having a budget-friendly strategy is important to you. They do, however, charge more for optional enhancements like extra photographs.
Hidden Fees Flat Fee Companies Charge
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 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.
New Jersey Housing Market Trend
On average, you can expect to pay $250-$900 for a New Jersey Flat Fee MLS listing service, but that’s only an average price. On the lower side, you can buy an MLS listing package for $100 and on the higher side, a comprehensive MLS listing service package can cost as much as $1,300.
Each package comes with a multitude of features like enabling more photographs, a-la-carte services and some even offer help with paperwork online. This post covered the top flat fee MLS companies in New Jersey and you may choose as per your requirement.
Frequently Asked Questions
What is a Flat Fee MLS
A Flat Fee MLS listing service, is an MLS entry-only service that lists your home on the local MLS for a pre-set amount through a flat rate realtor. You retain all the rights to sell your home as an FSBO, and can enjoy other real estate services (with the help of a flat fee real estate broker) depending on the chosen package.
How much do flat-fee MLS services cost in New Jersey?
New Jersey flat-fee services cost anywhere from $250 to $600 and will vary depending on the services you want.
What are average closing costs in NJ?
You can calculate the closing cost, by using this closing cost calculator. Click on this to know the closing cost of your home
Do you need to pay for MLS and also belong to a local realtor association?
Once you sign up for a Flat Fee listing service, that particular company will list on your behalf on various MLSs. And, no, you don't need to belong to a local realtor association.
When is the best time to sell a house in New Jersey?
As per reports, July is the best time to sell a house.
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