If you're selling your home for sale by owner (FSBO) in Memphis, 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 Bluff City is approximately 3%. Based on the median sale price for Memphis homes, as of January 2020, that translates to about $4,200.
In contrast, typical rates for flat-fee MLS companies in Memphis are in between $129-$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 Memphis 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 Memphis.
Top Memphis Flat-Fee MLS Companies in 2020
Alternative Realty
Alternative RealtyPrice Range
$499
Number of Photos
25
Listing Term
6 months
- Alternative Realty is a regional flat-fee real estate brokerage serving parts of Tennessee and North Carolina.
- Set your own buyer’s agent commission (2.5-3% recommended)
- Maintain the right to sell FSBO
- Free listing changes and cancellations
$499 - Standard
- 6-month listing on MLS
- Syndicated to Realtor.com, Zillow, Trulia, and 100+ more.
- 25 Photos
- Free listing appointment with agent
- For Sale sign and lockbox provided
- Free listing changes
Pros
- No fees for listing changes
- Free sign and lockbox
- Work directly with the listing broker
Cons
- No low-budget options provided
- $299 to renew listing
As of July 30, 2020, no third-party review information was available for Alternative Realty or its representative broker. We will update when this information becomes available.
Martin Properties
Martin PropertiesPrice Range
$129-$495
Number of Photos
6-30
Listing Term
3-6 months
- Martin Properties is a licensed real estate brokerage in Tennessee that specializes in flat-fee MLS listings
- Direct telephone access to broker for advice
- Set your own buyer’s commission
- Cancel anytime for free
- Listing is active within 24-48 hours after submitting necessary paperwork
- Additional a-la-carte options include videos, photo captions, a 26-week action plan, and signs
- $129 - By Owner MLS Basic package
- 3-month listing on the MLS
- Listing should automatically be syndicated to Realtor.com, Zillow, Trulia, and more (but broker offers no guarantees)
- 6 photos
- Internet marketing
- Add open house on MLS
- Buyer leads are forwarded to you
- Free initial changes to listing
- $179 - By Owner Basic Plus package
- Same as By Owner MLS Basic package, plus:
- 24 photos
- Unlimited changes to your listing
- $295 - MLS Silver package
- Same as By Owner Basic Plus package, plus:
- 6-month listing on the MLS
- $495 - MLS Gold package
- Same as MLS Silver package, plus:
- 30 photos
- Photo captions and unbranded video
Additional broker assistance for selling help, advice, offer reviews, etc. is available for $395
Pros
- Direct telephone access to broker for advice (advice may be limited by level of service)
- Cancel anytime
- Buyer leads are forwarded to you
Cons
- Free “initial” changes to listing with Basic package — further changes will likely incur a fee (reach out to company for more details)
- Additional broker advice lives behind a paywall
- No built-in home valuation or pricing support
As of January 13, 2020:
ResultsMLS
ResultsMLSPrice Range
$379-999
Number of Photos
10-max allowed
Listing Term
6-12 months
- ResultsMLS is a licensed, Tennessee real estate brokerage that specializes in flat-fee MLS listing services
- Provides contracts, addendums, and disclosures (downloads)
- Built-in comparative market analysis (CMA)
- Money-back guarantee
- Professional photography, contract review, negotiation support, and open houses are available for an additional fee
- Listing is live within 48 hours after the completion of necessary paperwork
- Price changes are free, but changes to description or photos are $25 each
- Cancel any time (no refunds)
$379 - Silver Basic Package
| $499 - Gold Showcase Package
$999 - Platinum Package
|
Pros
- Buyer leads contact you directly
- Showing service access
- CMA available upon request
- Includes yard sign, flyers, and lockbox
- Money-back guarantee — but only if you hire one of ResultsMLS’s local, full-service partner agents instead
Cons
- Minimum fee is $600 if you cancel Platinum package early
- No built-in contract/paperwork review or support
As of August 11, 2020, ResultsMLS has an average rating of 4.5/5 based on 14 reviews on Yelp.
National Flat-Fee MLS Services & Brokers Operating in Memphis
Why6Percent
Why6PercentPrice Range
$399
Number of Photos
N/A — information not available
Listing Term
6 months
- Why6Percent is a national real estate service that connects you with local brokers to list your property on the MLS for a flat fee
- Maintain the right to sell FSBO
- Free flyer templates provided
- No minimum commission for buyer’s agent (2.5-3% recommended)
- Sales and marketing assistance available
$399 - Listing
- 6-month listing on MLS
- Syndicated to Realtor.com, Trulia, Zillow, and more
- Multiple Photos
- Free flyer template
- Free legal forms and contracts
- Sales and marketing assistance
Pros
- Free flyer templates for marketing
- Sales assistance provided throughout listing
- No minimum commission for buyer’s agent
Cons
- No CMA/market analysis provided
- Why6Percent is a referral service; experiences will vary depending on their local partner brokerage
N/A — as of August 8th, 2020, no third-party review information was available for Why 6 Percent. We will update when this information becomes available.
Houzeo
HouzeoPrice Range
$225-399
Number of Photos
6 to max allowed
Listing Term
3 months to Until Sold
- Houzeo is a flat-fee MLS referral service that connects you with Tennessee 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
$225 - 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 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.
ISoldMyHouse.com
iSoldMyHouse.comPrice Range
$299-399
Number of Photos
6-25
Listing Term
6-12 months
- 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 August 11, 2020, iSoldMyHouse.com has an average rating of 4.1/5 based on 8 reviews on BirdEye and has an A+ rating on the Better Business Bureau.
Alternatives to Flat-Fee MLS in Memphis
The Memphis real estate market is steady. According to Redfin, the median sale price rose 7.8% over the past year and expected to decline slightly by 0.4% 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.
- Flat-Fee Real Estate Agents
- Discount Real Estate Agents
- Low-Commission Real Estate Agents
- 1% Commission Real Estate Agents
- Sell to an iBuyer