5 Best Indianapolis Flat-Fee MLS Companies

If you're selling your home for sale by owner (FSBO) in Indianapolis, hiring a flat-fee MLS service can help you increase your listing's visibility without breaking the bank.

The average commission rate for full-service listing agents in Indy is approximately 3%. Based on the median sale price for Indianapolis homes, as of January 2020, that translates to about $5,370.

In contrast, typical rates for flat-fee MLS companies in Indianapolis are in between $299 and $1,595. Nationwide, the most basic plans can be as low as $50 to $99, while more comprehensive services range upwards of $1,000 to $3,000.

It's important to remember that every Indianapolis flat-fee MLS service is different. When evaluating offerings, be sure to read the fine print: look at things like the length of the listing term (and how much it costs to extend); whether there's a fee to make changes to your listing; how many photos are allowed; the policy on buyer's agent commission; and more.

>> LEARN more about flat-fee MLS services and how to evaluate them.

To help you make the right choice, Clever has picked some of the top flat-fee MLS services across Indianapolis.

Top Indianapolis Flat-Fee MLS Companies in 2020

EDITOR'S NOTE: Clever doesn't offer a basic flat-fee MLS-only service, so we've compiled objective overviews of local companies that do based on publicly available data. We do offer a free service that lets you work with top-rated realtors for a reduced, flat fee — you can check it out (and read reviews) here.

Flat Fee Realty LLC

Flat Fee Realty, LLC

Price Range

$599

Number of Photos

N/A - Information unavailable

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • Flat Fee Realty, LLC is a licensed, Indianapolis real estate brokerage that specializes in flat-fee MLS listing services
  • Listing is live on the Broker Listing Cooperative (BLC formerly the MLS) within 24-48 hours of completion of necessary forms
  • Agent support throughout selling process
  • You set buyer’s commission (Flat Fee Realty recommends 2%-4%)
  • If Flat Fee Realty brings a buyer and all parties agree to Limited Agency, they will represent the buyer and the seller and be paid the buyer’s commission
  • $599 - Flat Fee Listing package
    • 6-month listing on BLC
    • Syndicated to Realtor.com, Zillow, Trulia, and more
    • Professional photos taken by Flat Fee Realty agent and uploaded for you; it is unclear how many
    • In-home consultation
    • Comparative market Analysis (CMA)
    • Earnest money trust account
    • Featured listing on Flat Fee Realty’s website
    • Unlimited listing changes
    • Yard sign
    • Centralized showing appointment service
    • Real estate forms via email
    • Phone and email consultation for offers, negotiations, and settlements
    • Agent attendance at closing
    • Unlimited open house ads on the BLC and open houses are attended by agents


A-la-carte services include signs, frames, drone photography, and lockboxes

Pros

  • Professional photography
  • Built-in pricing support
  • Unlimited listing changes

Cons

  • Number of professional photos unclear
  • No budget listing options

As of January 16, 2020:

  • "A" rating on Angie’s List (28 reviews)
  • 4.6-out-of-5-star rating for Vern Carter (broker) on Zillow (16 reviews)
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Newkirk Realty

Newkirk Realty

Price Range

$1,595

Number of Photos

24

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • Newkirk Realty is a licensed, Indiana real estate brokerage that specializes in flat-fee MLS listing services
  • Unlimited changes and open house listing
  • Listings typically go live in 24 hours
  • Set your own buyer’s agent commission (Newkirk Realty recommends 3-3.5%)
  • A-la-carte options include: professional photography, flyer box rental, professional consultation, contract preparation, contract extension, and more
  • $1,595
    • 6-month listing on MLS
    • Syndicated to Realtor.com, Zillow, Trulia, and more
    • 24 Photos
    • State disclosures forms
    • Yard sign
    • Lockbox
    • Online showing scheduling and feedback platform
    • Realtor present at closing


A-la-carte options include: professional photography, flyer box rental, professional consultation, contract preparation, contract extension, and more

Pros

  • Work directly with the broker, not a referral service
  • Unlimited, free changes

Cons

  • No budget listing options

As of January 21, 2020:

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Price Range

$399-$499

Number of Photos

Unlimited

Listing Term

6-12 months

Description
Pricing
Pros & Cons
Reviews
  • Paradigm Realty Solutions is a licensed, Indiana real estate brokerage that specializes in flat-fee MLS listing services
  • 2%-3% commission to buyer’s agent
  • Buyer leads forwarded to you
  • Unlimited listing changes
  • Cancel anytime
  • Indiana law requires a seller’s agent to be present at closing if the buyer also brings an agent. If this is the case, there is a $350 commission payable to Paradigm Realty Solutions at closing along with buyer’s agent commission.
  • $399 - 6-Month package
    • 6-month listing on MLS
    • Max photos on MLS
    • Syndicated to Realtor.com and more
    • Free changes to listing
    • Buyer leads forwarded to you
    • Cancel anytime


  • $499 - 12-Month package
    • Same as 6-Month package, plus:
    • 12-month listing on MLS


Full-service representation available for 1% commission

A-la-carte services include additional photos, signs, lockboxes, flyers, brochure boxes, comparative market analyses (CMA), home appraisals, and listing extensions

Pros

  • Buyer leads forwarded to you
  • Cancel anytime
  • Unlimited listing changes

Cons

  • Non-refundable fees incurred that are not listed on website

As of January 16, 2020:

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National Flat-Fee MLS Services & Brokers Operating in Indianapolis

Flat Fee Realty

Flat Fee Realty

Price Range

$299+$350 at closing

Number of Photos

6

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • Flat Fee Realty is a nationwide flat-fee MLS referral service, licensed in Connecticut, that connects you with Indiana brokers and agents who will list your home on the MLS for a pre-negotiated rate
  • You set buyer’s agent commission
  • MLS photo upgrade available for $79
  • State disclosures and forms available
  • Unlimited listing changes
  • Buyer leads forwarded to you
  • Refund available within 30 days of purchase
  • $299 + $350 at closing - MLS Listing package
    • 6-month listing on MLS
    • Syndicated to Realtor.com, Zillow, Trulia, and more
    • 6 Photos
    • Free state disclosures
    • Unlimited listing changes
    • No cancellation fee
    • Buyer leads forwarded to you
    • Listing broker attends closing


MLS photo upgrade available for $79

Pros

  • Unlimited listing changes
  • No cancellation fee
  • Free state disclosures
  • Buyer leads forwarded to you
  • Refund available within 30 days of purchase

Cons

  • No built-in home valuation or market analysis
  • Limited coverage in rural areas

As of January 22, 2020:

  • 4.5-out-of-5-star rating on Facebook (4 reviews)
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ISoldMyHouse.com

iSoldMyHouse.com

Price Range

$299-$399

Number of Photos

6-25

Listing Term

6-12 months

Description
Pricing
Pros & Cons
Reviews
  • ISoldMyHouse.com is a nationwide flat-fee MLS referral service, operated by Get Listed Realty, that connects you with local brokers and agents who will list your home on the MLS for a pre-negotiated rate
  • You set buyer’s agent commission (recommend 2%-3%)
  • Listing is live within 24 hours
  • No cancellation fee
  • Unlimited listing changes
  • Buyer leads forwarded to you
  • $299 - Get LISTED
    • 6-month listing on MLS
    • Syndicated to Realtor.com, Zillow, Trulia, and more
    • 6 or 10 Photos
    • Unlimited listing changes
    • Buyer leads forwarded to you
    • Contracts, disclosures, and other forms
    • Seller-managed ISoldMyHouse.com listing


  • $399 - Get SOLD
    • Same as Get LISTED package, plus:
    • 25 photos
    • 12-month listing on MLS (in some states)


A-la-carte services include signs, lockboxes, and more



Additional fees may apply or services may differ if you live in a state with laws about minimum brokerage service requirements.

Pros

  • Unlimited listing changes
  • Buyer leads forwarded to you
  • No cancellation fee
  • Free online guides and articles for selling a home without a realtor
  • Easy social media sharing on all the major platforms

Cons

  • The network of affiliate brokers doesn’t cover every county in the country
  • Only 6-10 photos in base package
  • No built-in home valuation or market analysis

As of December 23, 2019, ISoldMyHouse.com and its parent brokerage Get LISTED Realty have the following online reviews:

  • A+ rating from the Better Business Bureau and a 5-out-of-5-star customer review (18 reviews)
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Alternatives to Flat-Fee MLS in Indianapolis

The Indianapolis real estate market is on the rise. According to Zillow, the median home value rose 4.6% over the past year and is expected to increase by 4.1% in the next year. To realize your home's full value (or ideally more), it's important to weigh all of your options for selling before making a final decision.

Quick Tip: Don't let upfront "savings" cost you thousands when you sell your home...

Yes, a flat-fee MLS service can save you money on commission — if you know what you're doing. However, homes listed "For Sale By Owner" with an MLS service typically sell for thousands less than agent-assisted homes. 

Plus, there's no guarantee your home actually sells. Since flat-fee MLS services are paid upfront, that means you're out the hundreds of dollars you already spent. 

The Alternative: List with Clever and get a top agent for a reduced rate. 

At Clever, our free service connects you to top-rated agents from name brands like Keller Williams, RE/MAX, Century 21, and more — full-service agents with a proven record of selling fast, for top dollar. 

You pay $0 upfront. So if you don't see the value when you talk to an agent, you're free to walk away. No strings attached. But if you do decide to work with any agent, you'll also get an exclusive low rate — a flat $3,000 or a reduced commission of just 1%.