6 Best Memphis Flat-Fee MLS Companies

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

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.

Alternative Realty

Alternative Realty

Price Range

$499

Number of Photos

25

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • 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.

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Martin Properties

Martin Properties

Price Range

$129-$495

Number of Photos

6-30

Listing Term

3-6 months

Description
Pricing
Pros & Cons
Reviews
  • 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:

  • 3.6-out-of-5-star rating on Google (5 reviews)
  • 5-out-of-5-star rating on Facebook (6 reviews)
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ResultsMLS

ResultsMLS

Price Range

$379-999

Number of Photos

10-max allowed

Listing Term

6-12 months

Description
Pricing
Pros & Cons
Reviews
  • 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
  • 6-month listing on the MLS
  • 10 photos
  • Listing syndicated to Realtor.com, Zillow, Trulia, and more
  • Email, text, and live chat support
  • Printable color flyer
  • Buyer leads contact you directly
  • Double-sided yard sign
  • Door key lockbox
  • Showing service access
  • CMA available upon request
  • Personal property website
  • 5 free listing changes




$499 - Gold Showcase Package
  • Same as Silver Basic package, plus:
  • 12-month listing on the MLS
  • 25 photos
  • 10 free listing changes

$999 - Platinum Package
  • Same as Gold Showcase, plus:
  • Billed monthly in $99 installments (minimum of $600 required if cancelled early)
  • Full support
  • Professional photography
  • Contract review and negotiations
  • Open houses
  • Unlimited listing changes


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.

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National Flat-Fee MLS Services & Brokers Operating in Memphis

Why6Percent

Why6Percent

Price Range

$399

Number of Photos

N/A — information not available

Listing Term

6 months

Description
Pricing
Pros & Cons
Reviews
  • 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.

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Houzeo

Houzeo

Price Range

$225-399

Number of Photos

6 to max allowed

Listing Term

3 months to Until Sold

Description
Pricing
Pros & Cons
Reviews
  • 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
  • 3-month listing on MLS
  • 6 Photos
  • Virtual tour
  • $25 for each listing change
  • Syndicated to Zillow, Trulia, Realtor.com, and more
$299 - Silver
  • Same as Bronze plan, plus:
  • 6-month listing on MLS
  • 24 Photos
  • 10 free listing changes
  • Select and communicate with Escrow Agent
$399 - Gold
  • Same as Silver plan, plus:
  • Max photos allowed by MLS
  • Federal and state disclosures forms
$399 + $599 at Closing - Platinum
  • Same as Gold plan, plus:
  • Unlimited listing agreement
  • Contract and form review
  • ShowingTime Automated Showing Service
  • Yard sign





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.

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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 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.

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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.

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%.