5 top flat fee mls companies in Boston

Pros and cons of using a flat fee MLS listing service

Pros

The benefits of using a flat fee MLS service in your FSBO sale include:

• Eliminating the listing agent commission (typically 2.5% to 3%).
• Gaining full control over your home sale from start to finish.
• Paying a known, upfront cost for the listing service.
• Getting your home listed on the MLS and major real estate websites.
• Expanding exposure to traditional buyers and their agents.

Cons

The potential downsides of using a flat fee MLS service include:

• You still need to offer a commission to the buyer’s agent.
• Handling negotiations, paperwork, and potential deal delays on your own.
• Navigating the process without the guidance of a local expert.
• Taking on legal risks and liability without professional support.
• Potentially selling for less than you would with a traditional real estate agent.

How do I list my home with a flat fee MLS service?

Once you’ve decided to use a flat fee MLS service, follow these steps to get your FSBO home listed:

Step 1: Research flat fee MLS services

Compare local providers, their packages, and pricing. Read customer reviews and check the company’s reputation on the Better Business Bureau. Look for details like the number of photos allowed, available forms, and any extra fees.

Step 2: Register and choose a plan

Sign up on the company’s website, select your preferred package, and pay the upfront fee.

Step 3: Enter your property details

Provide a description, upload high-quality photos, and complete any available disclosure forms.

Step 4: Sign the listing agreement

Review the terms carefully to confirm cancellation policies and ensure no hidden listing commissions.

Step 5: Review your live listing

Once published, your listing should appear on the MLS and real estate websites like Zillow and Realtor.com. Double-check for accuracy, as updates may take a few days to process.

Are flat fee MLS listings effective in Boston?

A flat fee MLS listing can be an effective way to reach buyers in Boston because most home searches start online. Real estate websites pull data directly from the MLS, ensuring your listing is visible on major platforms.

Buyers’ agents also rely on MLS data to find homes for their clients. By listing your home on the local MLS, you increase your chances of attracting serious buyers while still managing the sale yourself.

Alternatives to flat fee MLS services in Boston:

If a flat fee MLS service doesn’t seem like the right fit, here are other options to consider:

Flat fee real estate agent

A flat fee real estate agent charges a set fee, typically $3,000 to $5,000, instead of a percentage of the sale. This option provides some professional guidance while keeping costs lower than a traditional agent. Be sure to check for any additional fees in the listing contract.

Discount real estate broker

A discount real estate broker offers reduced commission rates while still providing some agent support. These services cost more than a flat fee MLS but may include marketing, negotiation help, and other benefits. Keep in mind that you’ll still need to pay the buyer’s agent commission. Learn more about the pros and cons of low commission.

Full-service real estate agent

A local real estate agent provides full-service support, from pricing and marketing to negotiations and closing. While this is the most expensive option, an experienced agent can help sell your home faster and for the best possible price.

Will I save money with a flat fee MLS listing service?

A flat fee MLS service can help you avoid paying a traditional listing commission, but selling FSBO doesn’t always lead to higher profits. Research from the National Association of Realtors shows that FSBO homes sell for about 14% less than those sold by an agent. The median FSBO sale price was just over $380,000, compared to $435,000 for agent-assisted sales.

Nearly 40% of FSBO sellers sold to a friend or neighbor, with a median sale price of $345,000—nearly $100,000 less than agent-sold homes. While a flat fee MLS service can provide exposure, it’s important to weigh the potential savings against the risk of selling for less.