If you're selling your home for sale by owner (FSBO) in Nashville, 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 Music City is approximately 3%. Based on the median sale price for Nashville homes, as of January 2020, that translates to about $8,850.
In contrast, typical rates for flat-fee MLS companies in Nashville are in between $99 and $499. 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 Nashville 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 Nashville.
Top Nashville Flat-Fee MLS Companies in 2020
iList Realty
iList RealtyPrice Range
$499
Number of Photos
20
Listing Term
6 months
- iList Realty is a licensed, Nashville, Tennessee real estate brokerage that specializes in flat-fee MLS listing services
- Set your own buyer’s commission (iList Realty recommends 2.5-3%)
- Pay no buyer’s agent commission if you find your own, unrepresented buyer
$499 - Up-Front Listing Fee package
- 6-month listing on MLS
- Syndicated to Realtor.com and more
- 20 photos
- For sale sign
iList Realty also offers a discount, full-service package. See website for details.
Pros
- Marketing and pricing advice available
Cons
- No budget listing option
- No built-in home valuation for base package
As of August 11, 2020, iList Realty has an average rating of 5/5 based on 1 review on Yelp.
Martin Properties
Martin PropertiesPrice Range
$99-395
Number of Photos
10-30
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
$99 - By Owner MLS Basic package
| $179 - By Owner Basic Plus package
|
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
- Free listing changes
Cons
- Additional broker advice lives behind a paywall
- No built-in home valuation or pricing support
As of August 17, 2020, Martin Properties has an average rating of 4.5/5 based on 13 reviews across Google and Facebook.
Tennessee Flat Fee MLS
Tennessee Flat Fee MLSPrice Range
$99-179
Number of Photos
6-25
Listing Term
6-12 months
- Tennessee Flat Fee MLS is a local affiliate of Brokerless, a nationwide, flat-fee referral service that connects sellers with local brokers
- Set your own buyer’s agent commission
- Free status changes and access to listing
- No built-in home valuation or pricing consultation
- Listing is live within 24-48 hours of submission of all necessary paperwork
- No additional fees at closing
$99 - MLS By Owner
- 6-month listing on the MLS
- 6-month premium listing on Realtor.com
- 6 photos
- Listing syndicated to Zillow, Trulia, MSN, and more
- Set your own buyer’s agent commission
- Provides state required forms and disclosures (downloads)
- Free status changes
- Buyer leads are forwarded to you
$129 - Premium MLS
- Same as Basic package, plus:
- 25 photos
$179 - Premium Plus MLS
- Same as Premium package, plus:
- 12-month listing on the MLS
Pros
- Free status changes
- Buyer leads are forwarded to you
- Includes premium listing on Realtor.com
Cons
- No listing options beyond 6 months
- No home valuation or pricing consultation available
- FSBO signs are not permitted on MLS listed property
As of August 10, 2020, Tennessee Flat Fee MLS does not have any independent third party reviews. However, parent company Brokerless has an A+ rating on the Better Business Bureau.
National Flat-Fee MLS Services & Brokers Operating in Nashville
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 Nashville
The Nashville real estate market is steady. According to Zillow, the median home value rose 4.1% over the past year and is expected to increase by 4.3% 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