5 Hi-Tech Flat Fee MLS Tennessee Listing Services That Are Changing The Game (2022 Updates)
Are you confused about choosing the best suitable method for selling your house? You can do it through Flat Fee MLS Tennessee listing services? It is an optimal option as it will help you save thousands of dollars. According to Statista, the past few years have seen a hike in home sales prices in the U.S. From 2019 to 2021, the home prices from $391,900 reached to $453,700.
This guide will take you through the top 5 ranked Fixed Fee MLS Tennessee listing services to help you with selling your home faster and in a right way!
In this guide, we’ll cover:
- Rankings: Tennessee Flat Fee MLS Listing Services
- How Much Does Flat Fee MLS Listing Cost?
- Reviews: Tennessee Flat Fee MLS Listing Services
- Hidden Fees
- Final Note
- Frequently Asked Questions
Rankings: 5 Flat Fee MLS Tennessee Listing Services
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2.Flat Fee Group||$499-$5000||None||⛔||⛔||⛔||⛔||⛔|
|4.Tennessee Flat Fee MLS||$99-$179||None||⛔||⛔||⛔||⛔||⛔|
|5.List with Freedom||$89-$295||$100||⛔||⛔||⛔||⛔||⛔|
» Queen Advises: What is Flat Fee MLS?
How Much Does Flat Fee MLS Listing Cost?
There are 2 types of costs related to a Fixed 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.
Reviews: 5 Best Flat Fee MLS Tennessee Listing Services
Houzeo is the topmost flat rate MLS company in Tennessee.
🧰 Package: The plans of Houzeo range between $249 to $1200. Starting from bronze to premium package, each one comes with different and unique features which help you save thousands of dollars on home selling in Tennessee.
⏱ Time Saving: Houzeo allows you to list the home faster on MLS as it is 100% online. With Houzeo, listing and its alterations become easy. It makes you more focused on your house sale.
📢 Exposure: With this flat rate MLS listing service, you will get the opportunity to expose your property automatically on big real estate platforms like Trulia, Zillow, Redfin, Realtor.com, and more.
📱 Technology: Houzeo has advanced technologies through which it manages to make you do every process online. Houzeo showings are online, and the offers and buyer search are 100% online. The IntelliList Listing management of Houzeo allows you to alter your listings, all online.
🦾 24*7 Support: In terms of customer support, major review sites like Trustpilot, Google Reviews, and Yelp have ranked Houzeo 4.9 out of 5 stars. The team of Houzeo is available every time for its customers.
🥇 Our top pick: This flat-rate MLS listing service stays on the top as per our research as it provides a lot of features and assistance at such a low cost.
» Houzeo Review: Is $349 worth it?
- Affordable packages
- Syndication of listing to top real estate sites
- Optimized and fast listing
- 100% online
- Nationwide coverage
- Availability of mobile application
It has rated 4.9 out of 5 (2,166 customer reviews) on top review sites like Trustpilot and Google.
Houzeo has a nationwide reach.
2. Flat Fee Group
🧰 Package: The plans offered by this company are between $499 to $5,000. 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 $5000 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 Tennesse 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.
- 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 Tennesse, it covers all the major cities.
🧰 Package: The plans of FSBO.com start from just $99 and go up to $399. The basic package does not list your property on the MLS, but the listing gets done only on the website of FSBO. You will get to list on MLS only when you subscribe to the $399 plan.
Even if the base plan provides a listing on Redfin, it is not available in all the markets Tennesse has the reach.
🖖 Features: FSBO exists since 1997, and it is one of the oldest real estate companies. It is reliable to sell your home with FSBO.com. It provides cost-effective packages with which you can save a lot of money.
✋ Beware: It charges you hidden fees between $150 to $300 which means there is no cost transparency.
- Cost-effective plans
- Exposure to the big real-estate platforms like Redfin.com and more
- Hidden charges in the form of the yard sign, lockbox, and other
- Maximum features are available only on additional payment
FSBO.com has 5 stars (out of 1,001 reviews) on Trustpilot and Google reviews.
It covers only the major cities of Tennesse and other states in the U.S.
4. Tennessee Flat Fee MLS
🧰 Package: The fixed fee for sale by the owner MLS listing platform offers you affordable plans starting from $99 to $179. Both allow you to list the house on MLS for six or a maximum of twelve months and not more than that.
All three packages offer different features. There is a very minimal difference between the package of $99 and $149. Both allow you the MLS listing for six months, but the $149 package lets you upload 25 property photos. The $179 package is available for 12 months listing.
📱 Technology: This flat rate MLS listing service is not 100% online. It is low on technology so, most of the processes you would have to do offline only.
- Affordable listing packages
- No hidden charges
- Not 100% online
- Allow to upload limited photos of the property
- No credible reviews available
- Only 6 and 12 months MLS listing available
No availability of reliable reviews of this fixed fee MLS listing company.
It covers the major cities of Tennessee for flat rate MLS services.
5. List with Freedom
🧰 Package: List with Freedom offers four different plans starting from $89 to $295.
First is the silver package that you can avail of at the cheap cost of $89. Above that, it provides a gold package for $149. Third, the platinum package that this fixed fee MLS listing service offers for $195 is its most popular plan. The last is a platinum plan worth $295.
🦾 Support: 24*7 Customer support is one of the strengths of this flat rate MLS listing service. Seven days a week, 24 hours, the team of List with Freedom is available for its customers.
⏱ Time-Saving: It helps you list the property on MLS in easy and fast steps.
🔑 Key Features: It charges you no cancellation fee on the cancellation of any plan. There is no limit to altering your listings, and the best part is that you can make all the changes for free.
💁♀️ Suitability: It is suitable for mainly experienced sellers who know real estate and its processes as it does not provide in-depth assistance.
- Fast listings
- Strong customer support
- No cancellation fees
- No pricing assistance
- Basic listing package allows to upload just one property photograph
It has 4.5 out of 5 star (out of 1,535 reviews) on credible sources.
The fixed fee MLS services of List with Freedom are available in all the major cities of Tennessee.
Hidden Fees in Flat Fee MLS Listing Companies
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 fixed 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.
💡 Queen’s Counsel: Everything you need to know about Flat Fee MLS
Tennessee Real Estate Market Trends
According to the reports, Tennessee was observed as one of the topmost hot real-estate markets last year. By the hot market, the report means an area where the properties get sold faster.
Feel lucky if you are selling a house in Tennessee, because reports say that it has the chances of getting 1.3 to 3.7 times more chances of getting buyers in comparison with national rate of average viewers.
The current home value in Tennessee is ranging between $72 to $45,000,000 which is a huge amount.
On average, you can expect to pay $200-$800 for a Flat rate MLS listing service in Tennesse, 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 fixed fee MLS companies in Tennessee and you may choose as per your requirement.
Frequently Asked Questions
Which are the top Flat Fee MLS listing companies in Tennessee?
The best Flat rate MLS listing companies in Tennessee are:
2. Flat Fee Group
4. Tennessee Flat Fee MLS
5. List with Freedom
How much does it cost to use flat fee MLS?
In Tennessee, the listing cost depends upon the platform you choose to list your property on MLS. It costs you between $99 to $5000, depending upon the plan you decide to go with.
What is a flat fee deal?
It is a deal where the best platforms like Houzeo charge you a fixed price and give you multiple features in its exchange. The flat fee MLS services in Tennessee do not charge on a commission basis.
Is Flat Fee MLS Legal?
Yes, is legal all over the United States, including in Tennessee. In fact, the US DOJ just updated their bulletin highlighting the benefits of Flat Fee MLS for For Sale By Owner home sellers.
When is the best time to sell property in Tennessee?
The best time to sell your property is April, May, June, and July. The weather is good and people want to buy houses before school starts.
Related Keywords: flat fee mls listing tennessee, multiple listing service nashville tn, mls nashville tn, mls tn, mls listings tn, tennessee mls, fsbo tennessee, mls flat fee tennessee, flat fee mls knoxville tn