5 Best Louisville Flat-Fee MLS Companies

If you're selling your home for sale by owner (FSBO) in Louisville, 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 Derby City is approximately 3%. Based on the median sale price for Louisville homes, as of January 2020, that translates to about $5,100.

In contrast, typical rates for flat-fee MLS companies in Louisville are in between $349-$999. 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 Louisville 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 Louisville.

Top Louisville 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.

MLSCO Realty

MLSCO Realty

Price Range

$349

Number of Photos

50

Listing Term

12 months

Description
Pricing
Pros & Cons
Reviews
  • MLSCO Realty is a licensed brokerage based in Louisville that specializes in flat-fee MLS listing services
  • Listing is live on the MLS within 24 hours
  • There is no cancellation fee, and you can cancel at any time
  • Automated home valuation available
  • Buyer’s commission offer required (2.5-3% recommended)
$349 - Listing
  • 12-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • Up to 50 Photos
  • Automated home valuation upon request
  • Yard sign
  • Offer negotiation and consultation
  • Buyer’s commission offer required (2.5-3% recommended)


Additional al-la-carte services include lockbox rental, photography, detailed CMA, Showing Time service, e-signing, and additional yard signs.

Pros

  • Up to 50 photos on the MLS in base package
  • Offer negotiation and consultation provided


Cons

  • Home valuation is automated; a detailed CMA by an agent costs an extra fee
  • Only one package to choose from

As of June 5, 2020:

  • 5-out-of-5 star rating on Google (1 review)
  • 5-out-of-5 star rating on Yelp (1 review)
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Patti Morgan

Patti Morgan

Price Range

$495+$495 at closing

Number of Photos

35

Listing Term

N/A — information not available

Description
Pricing
Pros & Cons
Reviews
  • Patti Morgan Realtors is a licensed, Kentucky real estate brokerage that specializes in flat-fee MLS listing services in Louisville
  • Agent assistance throughout process, including scheduling showings, vetting buyers, contract review, negotiation assistance, setting up appraisals and inspections, and attending closing
  • 3% commission to buyer’s agent, unless Patti Morgan Realtors also writes the buyer's offer
  • Free comparative market analysis
$495, plus an additional $495 at closing
  • Syndicated to Realtor.com, Louisvillerealtors.com, Zillow, Trulia, and more
  • 35 Photos
  • 3% commission to buyer’s agent, unless Patti Morgan Realtors also represents the seller
  • 24-hour showing service and assistance provided
  • Comparative market analysis
  • Professional yard sign
  • Contract review and negotiation assistance
  • Agent assistance with financing, appraisals, and closing


Pros

  • A lot of agent assistance throughout the selling process, including vetting buyer qualification
  • Built-in market analysis


Cons

  • Additional fee at closing

As of August 11, 2020, Patti Morgan has an average rating of 2.5/5 based on 8 reviews across Google and Zillow.

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Mink Realty

Mink Realty

Price Range

$499-$999+

Number of Photos

50

Listing Term

6-12 months

Description
Pricing
Pros & Cons
Reviews
  • Mink Realty is a licensed real estate brokerage offering flat-fee MLS listing services to Kentucky and Southern Indiana
  • Market analysis included
  • Cancel anytime
  • Listing typically goes live in 48 hours
  • You choose the buyer’s agent commission (2.5%-3%)
  • Practices dual agency (if an unrepresented buyer buys your home, Mink Realty will represent you and them and claim the buyer’s agent commission)
  • Buyer and agent inquiries forwarded to you
  • $499 - Silver
    • 6-month listing on MLS
    • Syndicated to Realtor.com, Zillow, Trulia, and more
    • Up to 50 photos
    • Yard sign
    • Showing scheduling and feedback service
    • 1 open house ad
    • Market analysis report
    • Email support
  • $799+$500 at closing - Gold
    • Same as Silver package, plus:
    • 12-month listing on MLS
    • Lockbox
    • Contract, offer, and closing document review
    • Negotiation and inspection assistance
    • Social media marketing
    • Email and phone support


  • $999+$500 at closing - Platinum
    • Same as Gold package, plus:
    • Electronic signatures


Additional a-la-carte services include: professional photos, open house sign, listing on a second MLS, rush service, additional open house ads, lockboxes, and more

Pros

  • Work directly with the broker, not a referral service
  • Built-in market analysis

Cons

  • Doesn’t offer full coverage in Indiana or Kentucky — see website for details on specific MLS access
  • Additional closing costs and required buyer’s agent commission

As of January 15, 2020:

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National Flat-Fee MLS Services & Brokers Operating in Louisville

Flat Fee Realty

Flat Fee Realty

Price Range

$249

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 Kentucky 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 $50
  • State disclosures and forms available
  • Unlimited listing changes
  • Buyer leads forwarded to you
  • Refund available within 30 days of purchase

$249 - 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


MLS photo upgrade available for $50

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 August 11, 2020, no third-party reviews exist for Flat Fee Realty. We will update when this information becomes available.

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FSBO.com

FSBO.com

Price Range

$399.95 (+ $299 at closing)

Number of Photos

6

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • FSBO.com is a flat-fee MLS referral service that connects you with licensed brokerage MLSmart Realty, LLC. MLSmart Realty then refers you to a regional Kentucky broker who will list your home on your local MLS for a pre-negotiated rate
  • Set your own buyer’s agent commission (FSBO.com recommends 2-3%)
  • Edit or cancel anytime (may include an additional fee)
  • Additional $299 paid at closing to cover state’s minimum service requirements

$399.95 + $299 at closing - Kentucky Flat Fee MLS

  • 6-month listing on MLS
  • Syndicated to Realtor.com, Zillow, Trulia, and more
  • 6 MLS photos ($5 per each additional photos)
  • Yard sign
  • FSBO.com Listing
  • Unlimited photos on FSBO.com
  • Video Upload on FSBO.com

Pros

  • Set your own buyer’s agent commission

Cons

  • Only one package to choose from
  • No home valuation included

As of August 12, 2020, FSBO.com has an average rating of 4.9/5 based on 26 reviews on Zillow and an A+ rating with Better Business Bureau.

Note: As a referral service, the reviews and service quality of your local FSBO.com broker may vary. Be sure to research your broker before signing a listing agreement.

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Alternatives to Flat-Fee MLS in Louisville

The Louisville real estate market is cooling down. According to Redfin, the median sale price rose 5.9% over the past year and is expected to decline by 1.1% 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%.