The best MLS services | FAQs about flat fee MLS companies | Other ways to save on your sale
Whether you’re selling a condo in downtown Albuquerque or a ranch outside in the desert, paying 6% in realtor fees is a lot.
That’s why some sellers use a flat fee MLS company to list their home on the MLS — the main place where realtors find homes to show their clients — in exchange for a small one-time fee.
What’s the catch?
- Less support: You manage your own sale — without a full-service agent to handle pricing, photography, paperwork, and negotiations.
- Lower sales price: For sale by owner (FSBO) homes usually sell for significantly less than homes sold by agents — 6% less on average compared to agent-represented properties.
- You still pay a buyer’s agent fee: 88% of buyers work with an agent — who still needs to get paid. In New Mexico, you’re on the hook for 2.37% to 3.28% of the final sale price.
If you want to save on fees but aren’t ready for a do-it-yourself experience, Clever can match you with full-service realtors who work for a low flat fee of 1.5%.
Clever is the best alternative to the full DIY approach if you're in New Mexico! You'll save thousands on listing fees, while still getting the support you need to sell your home fast AND for top dollar.
» SAVE: List with a full-service agent for just 1.5%
If you’re still interested in finding flat fee MLS listing options in New Mexico, read on! We’ve reviewed the best (and worst!) services in The Land of Enchantment.
The 5 best New Mexico flat fee MLS companies*
Affordable Realty Services | Congress Realty | For Sale by Owner New Mexico | Hardy & Co. Real Estate | Houzeo | |
|---|---|---|---|---|---|
Price range | $395–1,095 | $299 | $395–995 | $395–695 | $279–399 |
Money-back guarantee | ✅ | ❌ | ❌ | ❌ | ❌ |
Unlimited listing updates | ✅ | ✅ | ❌ | ✅ | 💰 |
Downloadable forms | ❌ | ❌ | ✅ | 💰 | 💰 |
For sale sign | 💰 | 💰 | ✅ | ✅ | 💰 |
Lockbox | 💰 | 💰 | 💰 | ❌ | 💰 |
* 💰 indicates extra fee or premium purchase required | |||||
Affordable Realty Services
Affordable Realty ServicesPrice Range
$395-1,095
Number of Photos
15-50
Listing Term
12 months
- Affordable Realty Services is a licensed, New Mexico real estate brokerage that specializes in flat-fee MLS listing services
- Built-in comparative market analysis (CMA)
- Open house postings on the MLS
- 5 MLS listing packages include both FSBO and full-service options
- Offers money-back guarantee if you decide to list with a full-service agent via referral instead
- Additional, a-la-carte services available, including social media and print advertising, lockbox and for sale sign rentals, professional paperwork preparation, and more — visit site for full list and details.
$395 - Basic FSBO package
| $995 - Value Full Service package
|
Pros
- Built-in CMA
- Open house postings on the MLS with basic package
- 12-month listing with basic package
Cons
- Downloadable contracts, disclosures, and other required paperwork not available
Congress Realty
Congress RealtyPrice Range
$299
Number of Photos
Listing Term
6 months
- Congress Realty is a licensed brokerage in Alaska, Arizona, California, Idaho, Louisiana, Montana, Nevada, New Mexico, Oregon, Texas, Utah, and Washington that specializes in flat-fee MLS listing services
- Free comparative market analysis (upon request)
- You set buyer’s commission (Congress Realty recommends 3%)
- Listings typically go live in 1 business day
- Free, unlimited changes
- Your phone number displayed on the MLS listing
$299
- 6-month listing on MLS
- Syndicated to Realtor.com, Zillow, Trulia, and more
- 4 photos
- Downloadable contracts, addendums, and disclosure forms
- ShowingTime showing scheduling and feedback service
A-la-carte services include: more photos, open house advertisements, listing renewals, professional photography, yard signs, lockbox, and more.
Pros
- Pay no buyer’s agent commission if you find the buyer
- Free, unlimited changes
- Wide variety of a-la-carte services
- Home buyer rebates if you buy with Congress Realty (in states where available)
Cons
- May not cover every part of your state
- Fewer photos than other comparable flat-fee MLS services
For Sale by Owner New Mexico
For Sale By Owner New MexicoPrice Range
$395-995
Number of Photos
30-99
Listing Term
12 months
- For Sale By Owner New Mexico is a licensed, New Mexico real estate brokerage that specializes in flat-fee MLS listing services
- Provides yard sign and necessary real estate forms (downloads)
- Open house postings on the MLS
- Recommendations for home inspectors, home stagers, mortgage companies, and more available on website
- Comparative market analysis (CMA) included with mid- and premium-tier packages
- Listing fee is refundable if you opt to list with a referred, full-service brokerage
$395 - I’ve Done This Before package
| $795 - I’d Like Professional Guidance package
|
Pros
- 30 photos and 12-month listing term with basic package
- Listing fee is refundable if you opt to list with a referred, full-service brokerage
- Lots of helpful services and support included with mid- and top-tier packages
Cons
- No built-in support with basic package
- No home valuation or CMA included with basic package
As of August 11, 2020, For Sale By Owner New Mexico has an average rating of 4.3/5 based on 7 reviews across Realtor.com and Yelp.
- Realtor.com: 5/5 for broker Lisa Hebenstreit (2 reviews)
- Yelp: 4/5 (4 reviews)
- BBB: A+
Hardy & Co. Real Estate
Hardy and Company, LLCPrice Range
$395-695+
Number of Photos
Unlimited
Listing Term
12 months
- Hardy & Company, LLC is a licensed, New Mexico real estate brokerage that specializes in flat-fee MLS listing services
- Listing is live within 24 hours of receiving photos and listing information
- Set your own buyer’s commission (Hardy & Co. recommends 2-3%)
- Broker assistance available through sales process
- Make unlimited changes to listing
- Cancel anytime for free
$395 - Flat Fee Listing package
$395 + 1% - Listing + Contract & Closing Support package
| $695 + 1.5% - Full Service Listing package
|
Pros
- Buyer inquiries are forwarded to you
- Broker assistance available through sales process
- Unlimited changes to listing
- Cancel anytime for free
Cons
- No built-in CMA or home valuation with first two packages
- Hardy & Co. doesn’t handle showings or open houses with Full-Service Listing package
Houzeo
HouzeoPrice Range
$229-399
Number of Photos
6 to max allowed
Listing Term
3-6 months
- Houzeo is a flat-fee MLS referral service that connects you with New Mexico brokers and agents who will list your home on your local MLS for a pre-negotiated rate
- Draft your listing, upload photos, set your price, and sign MLS contracts via Houzeo’s online dashboard
- Autofills listing details using publicly available info about your home to expedite the listing process
- Home valuation not included in service
- Does not require that you offer buyer’s agent commission
- Listing is typically live within 24 hours of submission
$229 - Bronze
| $399 - Gold
|
Pros
- Free cancellation anytime (no refunds)
- Freedom to specify any buyer’s agent commission
- Listings typically go live within 24 hours
Cons
- Limited coverage in rural areas
- “Free changes” only apply to listing’s price, status, and property description; $10 for additional changes
As of August 10, 2020, Houzeo has an average rating of 4.8/5 based on 21 reviews on Google.
Flat fee MLS companies in New Mexico by city
In New Mexico, you'll also find some smaller flat fee MLS companies that specialize in particular cities. These uber-local companies are more likely to offer flexible service packages and to bring more area expertise than the big guys.
Every New Mexico flat fee MLS service is different. Always make sure to read the fine print when evaluating offerings to make sure you're getting a fair deal.
Flat fee MLS companies in Albuquerque
We found several options for flat fee MLS companies in Los Angeles, from local brokers to national listing companies. You'll find a lot of choices for both price and services. We found basic listings for as low as $150 and complete listing packages for nearly $1,000.
» EXPLORE: The Best Albuquerque Flat Fee MLS Companies
Hidden costs of flat fee MLS companies
Some companies claim to offer flat-rate MLS services but charge hidden fees at closing. We've even seen some companies that claim to offer a free MLS listing only to charge you a percentage of the sale price at closing.
These predatory practices could cost you thousands of dollars when you expect to pay only a few hundred.
Always make sure to read the fine print for any service. Look out for "closing fees" or "admin fees" that you'll owe the broker in addition to an upfront flat fee.
Further, some flat fee MLS companies offer à la carte services like photography, paperwork help, and signage. These services can reduce some of your DIY work, but watch out. These add-ons can add up!
At a certain point, you may be better off finding a full-service agent who charges a clear and upfront discounted rate.
Frequently asked questions
How much do flat fee MLS services cost in New Mexico?
Typically, you should expect to pay about $300-500 for a flat fee MLS listing in New Mexico. However, we've seen basic plans for as low as $295 and more comprehensive services that charge as much as $1,095.
Do I still need to pay the buyer's agent commission?
Although you'll save some money by not having to pay commission to a listing agent (typically 2.31% to 3.21% of the sale price), we strongly recommend offering a commission to the buyer's agent. This will incentivize agents to bring their clients to your home.
How much to offer a buyer's agent is up to you, but most buyer's agent commissions in New Mexico range from 2.37% to 3.28%.
» READ: Average Real Estate Commission in New Mexico
How do I sell by owner in New Mexico?
California real estate laws require sellers to disclose all important information about their property, including:
- Building and safety information
- Utilities
- Environmental information (like erosion, noise pollution, and whether it's in a flood plain)
- Sewer and wastewater treatment
You'll share all of this information in the California Real Estate Transfer Disclosure Statement. Your listing broker will provide this document for you to fill out.
» READ: How to Sell a House for Sale by Owner in New Mexico
What are the alternatives to using a flat fee MLS service in New Mexico?
Discount and flat fee real estate agents
Discount real estate brokers will list your property for as little as 1% — but keep in mind that you usually still have to pay a 2.6–3% buyer’s agent fee.
We’ve reviewed four national and regional discount brokers that operate in New Mexico.
In New Mexico, Clever offers low rates, with an added advantage: Clever lets you compare multiple agents from major brands like Keller Williams, Century 21, and RE/MAX.
Clever matches home sellers like you with pre-vetted, full-service agents for only a 1.5% listing fee. That's half the rate agents typically charge, letting you keep thousands more in your pocket when your home sells.
Your Clever agent will handle everything for you, helping you accurately price your home, get high-quality photography, negotiate with prospective buyers, and complete paperwork.
You'll pay only a little more than you'd pay a flat fee MLS service, but you'll save hours of effort by not having to do it all yourself!
Selling without an MLS listing
It's always possible to try selling your house by owner without listing on the MLS. But this makes sense only if you already have a potential buyer lined up.
That's because not listing on your local MLS means not getting the most effective exposure for your property. MLS listings are posted to every major real estate website. Plus, real estate agents access MLS listings to find properties for their clients.
If you don't secure an MLS listing, you'll be limited to sites like Craigslist and Facebook Marketplace and relying on a yard sign.