If you're selling your home for sale by owner (FSBO) in South Dakota, 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 the Mount Rushmore State is approximately 3%. Based on the median sale price for South Dakota homes, as of November 2019, that translates to about $6,208.
In contrast, typical rates for flat-fee MLS companies in South Dakota are in the $99 to $799+ range. 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 South Dakota 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 the state of South Dakota.
Top South Dakota Flat-Fee MLS Companies in 2020
Flat Fee Group
Flat Fee GroupPrice Range
$595-995
Number of Photos
5-50
Listing Term
4 months up to until sold
- Flat Fee Group is a national network of independent brokers that offer flat-fee MLS services in South Dakota
- Pay no buyer’s agent commission if you find an unrepresented buyer
- Buyer and agent inquiries forwarded to you
- Contracts, disclosures, and addendums included
$595 - Basic
| $795 - Showcase
|
Pros
- Work directly with the broker, not a referral service
- Buyer inquiries forwarded directly to you
- Pay no commission if you find an unrepresented buyer
Cons
- Certain features of packages not available in all areas
- No built-in CMA in low-tier options
As of August 10, 2020, Chere Rosa de Sharon, the South Dakota Flat Fee Group broker, has an A+ rating on the Better Business Bureau.
Flat Fee Realty
Flat Fee RealtyPrice Range
$199 (+0.5% at closing)
Number of Photos
6
Listing Term
Listed until sold
- Flat Fee Realty is a nationwide flat-fee MLS referral service, licensed in Connecticut, that connects you with South Dakota 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
$199 + 0.5% at closing - MLS Listing package
- 1% commission if there’s no buyer’s agent
- Listed on MLS until sold
- Syndicated to Realtor.com, Zillow, Trulia, and more
- 6 Photos
- Free state disclosures
- Unlimited listing changes
- No cancellation fee
- Buyer leads forwarded to you
- Broker assistance
- Transaction guidance
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.
FSBO.com
FSBO.comPrice Range
$399.95 (+0.5% at closing)
Number of Photos
20
Listing Term
6 months
- 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 South Dakota 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%)
- Photo changes cost $25
- 0.5% due at closing for contract-to-close service
$399.95 + 0.5% at closing - South Dakota Flat Fee MLS
- 6-month listing on MLS
- Syndicated to Realtor.com, Zillow, Trulia, and more
- 20 MLS photos
- FSBO.com listing for 1 Year
- Unlimited photos on FSBO.com
- Video Upload on FSBO.com
- Contract-to-close service that includes paperwork and negotiations (0.5% at closing)
A-la-carte options (purchased directly from local broker) include: electronic lockbox, open house ad, and photo changes
Pros
- Set your own buyer’s agent commission
- A-la-carte services available
Cons
- Only one package to choose from
- No home valuation included
- 0.5% due at closing
- Photo changes cost $25
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.
National Flat-Fee MLS Services & Brokers Operating in South Dakota
MLS My Home
MLS My HomePrice Range
$49-99
Number of Photos
5-25
Listing Term
6 months
- MLS My Home is a nationwide flat-fee MLS referral service that connects you with local brokers and agents who will list your home on the MLS for a pre-negotiated rate
- Listings posted on the MLS within 24-48 hours
- Buyer and agent inquiries forwarded to you
- Set your own buyer’s agent commission (within a required range in some locations, e.g. 2-3%)
- Pay no buyer’s agent commission if you find an unrepresented buyer
- Cancel anytime
$49
| $69
|
Available packages, services, and pricing depend on location. Check the website for details about your local options.
Pros
- Cancel anytime
- No commission if you find the buyer
- Buyer inquiries forwarded directly to you
Cons
- Limited options and many states
- No built-in home valuation
- May not offer complete coverage in your state
As of August 17, 2020, MLS My Home has an average rating of 2.5/5 based on 280 reviews across Trustpilot, Yelp, and Facebook.
- Trustpilot: 2.6/5 (236 reviews)
- Yelp: 1/5 (18 reviews)
- Facebook: 2.7/5 (26 reviews)
- BBB: F
Note: MLS My Home will refer you to an independent, local broker who’s level of service and customer reviews may vary from MLS My Home’s, so be sure to research the broker before signing a listing agreement.
Fizber
FizberPrice Range
$295-395
Number of Photos
6-25
Listing Term
6 months
- Fizber is a flat-fee MLS referral service that connects you with local brokers and agents who will list your home on the MLS for a pre-negotiated rate
- Requires that you offer buyer’s agent commission between 1-3%
- Listing is typically live within 24 hours of submission
- Fizber also offers an array of free resources and online tools (including home valuations), as well as à-la-carte downloadable forms and guidelines, such as disclosures, contracts, counteroffers, and more
$295 - MLS Boost
| $395 - Premium MLS Boost
|
Fizber also offers two non-MLS listing options:
$0 - Free Listing:
| $95 - Digital Boost
|
Pros
- Basic package includes social media postings — premium package includes target social ads
- Listing appears on MLS within 24 hours of submission
- Refundable up to 30 days
Cons
- Listing expires after 6 months — can renew listing for a discounted rate
- Only 6 photos with basic MLS listing package
- Making changes to your listing may incur additional fees
As of August 5, 2020, Fizber has an average rating of 3.6/5 based on 88 reviews on Trustpilot and has a B- rating on the Better Business Bureau.
Alternatives to Flat-Fee MLS in South Dakota
The South Dakota real estate market is steadily rising. According to Zillow, the median home value rose 3.6% over the past year and is expected to see an increase of 4.1% in 2020. 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.
- Flat-Fee Real Estate Agents
- Discount Real Estate Agents
- Low-Commission Real Estate Agents
- 1% Commission Real Estate Agents
- Sell to an iBuyer