New Mexico had a population of 7.28 million people in 2021. This was a modest increase from the previous year when the state’s population was estimated to be at 7.18 million. In 1960, the population of New Mexico was estimated to be around 1.3 million people. New Mexico is among the most expensive states in the country to live in. One always needs to be updated for the best option for Flat Fee MLS New Mexico.
We have ranked and reviewed the top 5 Flat Fee MLS New Mexico companies, to help you make an informed decision.
» In this guide, we’ll cover:
- Rankings of New Mexico Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: 5 Flat Fee MLS New Mexico Companies
- Hidden Fees in Flat Fee MLS listing companies
- Final Note
- Frequently Asked Questions
Ranking of New Mexico 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 | $229 – $449 | None | ✅ | ✅ | ✅ | ✅ | ✅ |
| 2. MLS My Home | $84-$184 | None | ⛔ | ⛔ | ⛔ | ⛔ | ⛔ |
| 3. Affordable Realty Services | $495-$1,995 | None | ⛔ | ⛔ | ⛔ | ⛔ | ⛔ |
| 4. Hardy & Co. Real Estate | $395-$695 | $3,000 | ⛔ | ⛔ | ⛔ | ⛔ | ⛔ |
| 5. FSBO.com | $99-$399 | 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 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 New Mexico Companies
1. Houzeo
Houzeo is a real estate technology company that provides affordable services and is 100% online.
💼 Packages: They provide packages in New Mexico that range from $229 – $449. They list quickly within 48 hrs. The basic package includes 6 photos for 3 months, including listing management.
Their premium service includes unlimited changes, custom yard sign, federal and state disclosures, showing management, pricing assistance, contract review, and closing assistance. They even compare and counter offers for you in their premium package.
📢 Exposure: They provide syndicate listings on major platforms like Zillow, Trulia, Realtor, Redfin, and more.
📱Technology: They provide high technology services like IntelliList Listing Management System, Houzeo Showings, Offers, Buyer Search Best Overall: Houzeo is our best pick with great tech features and affordable pricing.
💡 Queens Advice: Register with Houzeo today!
- 100% online
- Available nationwide
- Syndication to major listing platforms like Zillow, Trulia, Redfin, Realtor, etc.
- Mobile App available
- Quick listing within 24hrs
- Save on commission
Houzeo has a 4.9 out of 5 rating on Google & Trustpilot.
» Houzeo Review: Is $349 worth it?
Houzeo is available nationwide.
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 $84-$184.
✄ 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 New Mexico companies.
📣 Maximum Exposure: The platform is not available in all of New Mexico, 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.
💡 Queens Advice: How to List on MLS For Sale By Owner
- Cheapest options for Flat Fee MLS New Mexico
- Syndicates with other listing websites
- The basic package has only six photos included
- Covers selective areas of New Mexico
- 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 New Mexico.
3. Affordable Realty Services
Affordable Realty Services offers MLS listing services to home sellers across New Mexico.
👉 Packages: Their packages range from $495-$1,995. They allow up to 50 photos on the MLS with 12 months of listing. They provide two flat fee MLS listing options, one FSBO New Mexico option, and one full-service package.
You can personalize your package by adding other services and customizing it to your needs. Extra services are subject to additional fees.
📱 Technology: They are low on technology and that’s why some of your work might be done manually and would take a lot of time.
📌 Note: They provide Flyer InfoBox on yard sign, Open House, Directional Sign, etc for additional fees.
👑 Queens Counsel: Top Discount Real Estate Brokers and Companies
- 12 month listing period
- Up to 50 photos allowed on MLS
- You will have to pay extra for pricing assistance
- Low on technology
- Packages are more expensive than other Flat Fee MLS New Mexico companies
Affordable Realty Services has a 4 out of 5 rating (12 total reviews) on Yelp.
Available in most areas in New Mexico.
4. Hardy & Co. Real Estate
🧰 Packages: Hardy & Co. Real Estate offers Flat Fee MLS New Mexico services with National & International Internet Marketing Exposure.
They provide three packages ranging packages ranging between $395-$695.
📢 Syndication: It helps you syndicate your property listings to big real-estate websites like Zillow, Redfin, Remax, Trulia, Realtor.com, and more which gives you maximum exposure.
🎯 Benefits: They offer 12 months of listing duration, up to 20 photos on the MLS, broker assistance for negotiating all offers, counteroffers & contingencies.
✋ Beware: If you find the buyer yourself, you only have to pay the flat fee, which is subject to a $3,000 closing fee.
👑 Queen’s Counsel: How to Price Your Home For Sale in 6 Steps
- Affordable option for basic package
- Good exposure
- Up to 20 photos allowed
- Unlimited changes to listing
- No home valuation with the first two packages
- High fees at closing
Hardy & Co. Real Estate has a 4.8/5 rating (21 total reviews) on popular review site Google Reviews.
Hardy & Co. Real Estate covers 17 counties in New Mexico.
5. FSBO.com
🧰 Packages: It provides you fixed fee MLS listing services in New Mexico on packages worth $99.95 to $399.95. It provides you with cost-effective plans to complete your real estate transactions of buying and selling properties.
It is one of the oldest real estate platforms that help to ease the process of buying and selling houses since 1997.
🔑 Key Features: FSBO.com helps you list your home on their website and on MLS for a flat fee. It increases the chances of getting the properties sold faster. It helps to provide fixed fee MLS listings across major cities of New Mexico.
💁♀️ Suitability: It is suitable for mainly the sellers who want to list their properties on MLS and on such a huge platform as FSBO.com.
✋ Beware: It provides you with a yard sign feature but at an extra cost.
👑 Queen’s Counsel: How to Price Your Home For Sale in 6 Steps
- Allows to upload unlimited property photos
- Access to edit or re-list anytime
- Enhance the chances of selling by listing on MLS and FSBO.com website
- Assign you a broker to assist with listing instead of doing it itself
- Charges you extra for lockboxes, yard signs
- You need to pay additional charges for accessing seller disclosures
It has 3.2 out of 5-star ratings on Trustpilot (only one review).
Its reach is also limited as it serves only the major cities of New Mexico.
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.
New Mexico Housing Market Trends
Currently, New Mexico 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 New Mexico are $276,185 The percentage of properties for sale in New Mexico is 72.0 which is huge.
Final Note
Among all five MLS listing companies in New Mexico, 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 $229- $1,995 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.
» Want to know more? Check out these stellar Houzeo reviews to learn why it is one of the best For Sale By Owner websites.
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 New Mexico. 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 New Mexico?
The best Flat Fee MLS in New Mexico is:
1) Houzeo
2) MLS My Home
3) Affordable Realty Services
4) Hardy & Co. Real Estate
5) FSBO.com
How much do Flat Fee services cost in New Mexico?
Flat Fee services in New Mexico could cost you around $229-$1,995.
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