Post the pandemic, Flat Fee MLS Rhode Island Listing Services have been gaining insane popularity due to the attractions from buyers nationwide, all thanks to the urge of living in spacious houses with even spacious living rooms! So, if you’re on the verge of selling your own house in Rhode Island, these Flat Fee MLS Rhode Island Listing Services have got you covered!
In 2022, the prices are touching the sky with an average of $375,000 for a single-family house. Since 2019, the property prices in Rhode Island have substantially increased over 15-20% and the competition is thus never-ending!
In this guide, we’ll cover:
- Rankings: 5 Flat Fee MLS Rhode Island Listing Services
- How much does Flat-Fee MLS Listing Rhode Island cost?
- Reviews: 5 Best Rhode Island Flat Fee MLS companies
- Hidden fees in Flat Fee MLS Companies
- Final Note
- Frequently Asked Questions
Rankings: 5 Flat Fee MLS Rhode Island Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. Entry Only||$399-$999||None||⛔||⛔||⛔||⛔||⛔|
|3. I Sold My House||$299-$399||None||⛔||⛔||✅||⛔||⛔|
|4. MLS Island Rhode Island||$199||None||⛔||⛔||✅||⛔||⛔|
|5. List With Freedom||$89-$295||0.25%||⛔||⛔||✅||⛔||⛔|
👑 Queen Advises: What is Flat Fee MLS?
How much does Flat Fee Listing Rhode Island 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 $200 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.
» Pro Tip: To know the most accurate closing cost estimate of your state or city, check out Houzeo’s Closing Cost Calculator.
Reviews: 5 Best Rhode Island Flat Fee MLS Companies
Houzeo ranks #1 in Rhode Island Flat Fee MLS listing services, with commendable features and extraordinary services offered throughout the USA.
👉 Key features: Houzeo provides a seamless buying and selling experience that is 100% online. The listing and changes could be done with ease, at the comfort of your home. Among its many other features, Houzeo also helps its clients review contracts, provides required forms and documents and pricing assistance.
💼 Packages: There are 4 packages that are offered by Houzeo for flat fee MLS listing in Rhode Island, designed while taking into consideration their requirements.
The packages range from $199 to $399. Each package offers unique features with free unlimited changes in the advanced ones. This flat fee MLS listing service also offers a full service platinum package that allows sellers and buyers maximum assistance every step of the way!
📱Cutting-edge technology: Houzeo is one of the strongest websites in the real estate market that gives the clients ease and convenience to buy and sell properties online. With this leading technology, Houzeo helps you manage listings and showings online, reviews contracts and even guides you to closing. You can also leverage features that help you accept, reject or counter-offer along with pricing assistance.
Syndication: If you go with flat fee MLS listing services in Rhode Island with Houzeo, your listings are directly syndicated with other popular MLS websites including Trulia, Realtor.com, redfin, etc.
💡Queen’s top pick: Houzeo lets you choose your packages and offers you an immaculate buying and selling process while understanding and prioritizing your needs, finances and other expectations.
- Provides coverage nationwide
- Listings within 24 hours with concierge
- Mobile App available
- Syndication to nationwide real estate websites
- 100% online
- Provides all contract reviews
- Downloadable forms and documents
- Pricing assistance
- Offer and showing management
- Closing guidance
Houzeo is available nationwide.
2. Entry Only
💼 : Entry only is a popular Flat Fee MLS listing service in Rhode Island, which offers three competitive packages ranging from $399 to $999.
The basic package ($399) includes a free listing on the MLS for the duration of six months. Along with it, subscribers can also upload up to 20 photos, and leverage other advantages like open house ads, downloadable disclosures and purchase forms.
The enhanced package ($699) offers an additional contract review and their premium package ($999) includes closing services and assistance in negotiation along with all the features from their basic plan
📢The listing is also shared on social media for greater visibility and all the packages offer syndication to other popular websites like zillow, realtor.com, trulia, etc.
👑 Queen’s Counsel: Know how to list on MLS For Sale By Owner
- 24*7 live receptionist for assistance
- Free cancellation at any time
- Agent/Buyer leads are directly forwarded
- Relatively low commission percentage to Buyer agency
- Additional charges for FSBO supplies
- No CMA and in-built home valuation is offered
On a popular review website, Trustpilot, Entry Only has been rated a 4.8 out of 5 from 346 total reviews.
Entry Only’s limited services are available in the major cities in Rhode Island.
3. I Sold My House
🧰 Packages: I Sold My House is yet another flat fee MLS listing service in Rhode Island offering qualitative flat fee packages that range from $299- $399. Both their $299 and $399 plans offer a 6 month flat fee MLS listing service. However, you get to upload more pictures in their $399 plan.
🔑 Key Features: One of the features that drive their customers is the direct forwarding of buyer leads to the home sellers in Rhode island. To further emphasize your property and accelerate sale and buyer leads.
📝 Note: They also have an option of featuring your property listing on sidebars and their homepage at an additional $50 each month on their flat fee MLS listing service. Other amenities like yard signs and lock boxes are available for purchasing at an additional cost.
👑 Queen’s Counsel: All you need to know about For Sale By Owner Yard Signs
- Listing on other popular flat fee MLS, real estate websites including Trulia and Zillow
- Home sellers can directly access buyer leads
- No FSBO listing commission
- Limited a la carte options available
- Limited customizations offered at additional cost
- Stringent packages
- Poor customer service
I Sold My House has a stunning 4.8/5 rating on google reviews out of the total 64 reviews.
I Sold My House covers all the significant MLS’ in Rhode Island.
4. MLS Island Rhode Island
💼 Packages: MLS Island Rhode Island is a Flat fee MLS listing service offered throughout the state and gives you access to statewideMLS.com real estate database at relatively low costs. Their only plan is a $299 which provides listing for the duration of six months.
✋ Beware: Even though all the required forms and documents are provided in their package, they do not have additional necessary services like contract reviews, disclosures or counteroffers.
📝 Note: This flat fee MLS listing company is a part of countrywide flat fee MLS service, namely the MLS island network.
- Cost-effective package
- Direct access to connect with buyers and agents
- Limitless access to the MLS database
- Can upload limitless photos
- Restrictive choice of packages (only 1 available)
- Bounded information on the website
- Other competitive flat fee MLS listing services in Rhode Island offer better packages at this price
No credible reviews found.
This Rhode Island flat fee MLS listing service is available throughout the state.
5. List With Freedom
For someone with experience and clear understanding of one’s requirements, List with Freedom becomes one of the most suitable flat fee MLS services in Rhode Island.
💼 Packages: List with Freedom offers packages that range between $89-$295. However, at a very low price, their services could be questionable. Their basic plan allows only 1 property picture whereas other flat fee MLS companies in Rhode Island offer a lot more.
📝 Note: Subsequently, other Rhode Island flat fee MLS services offer better customizations and services as compared to List with Freedom, that offer options for home valuation and pricing assistance.
👑 Queen’s Counsel: Here’s how you can negotiate real estate commissions like a pro!
- Best for those with knowledge and experience of the real estate market
- Syndication to other popular Flat fee MLS websites like Zillow and Trulia
- Limitless changes at no extra cost
- Cancellation at any time
- Services like showing assistance, open houses, virtual tours only available at additional cost
- 0.25% commission retained from the buyer’s agent
- The option to upload only 1 picture in the basic plan makes it a little repulsive
List with Freedom has a rating of 4.6 out of 5 based on 1443 total reviews on a popular review site, Trustpilot.
List with Freedom gives coverage to almost all of Rhode Island.
Hidden fees in Flat Fee MLS 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.
Among all five Rhode Island Flat fee MLS listing companies, we believe Houzeo is an ideal choice for all because of its impeccable reputation and even better features. Considering all the quintessential aspects of the home selling process in RI, Houzeo is the best suited among all the other websites.
Finally, the cost of Flat Fee MLS Rhode Island services may range anywhere from $299- $999. It is up to the requirements, knowledge and experience of an individual to further choose among the options available and get their property listed soon!
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 Rhode ISland. 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 Rhode Island?
2) Entry Only
3) I Sold My House
4) MLS Island Rhode Island
5) List With Freedom
How much do Flat Fee services cost in Rhode Island?
Flat Fee services in Rhode Island could cost you around $199-$999.
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