Home prices in Florida have increased by 17.6% in the last year, with the average cost of a single family home now $354,000. Inventory shortages mean these prices are likely to increase, with sellers having plenty of sway on the direction of Florida’s housing market. However, there’s a downside to these price increases as sellers will have to spend more than they’ve had to before on listing agent commission. Taking these averages into consideration, the commission on the average single-family home in Florida will be upwards of $10,620. But, with a flat fee MLS, Florida home sellers can save that money and put it toward the purchase of a new home.
Flat Fee MLS, Florida Homeowners Cost-Saving Solution
Ordinarily, to list MLS by Owner, Florida home sellers would have to use a listing agent. While listing agents contribute expertise, their primary function is to give sellers access to the local MLS databases buyer’s agents use to scout for homes. The idea of a flat fee MLS service is to cut out the listing agent, enabling sellers to eliminate the 3% listing agent commission at closing. Instead, using a flat rate MLS, sellers get many benefits but without the exorbitant fees.
Best Flat Fee MLS Listing Service
Regardless of these benefits, not every flat fee service gives you the kind of exposure you require. Most flat rate services have limited syndication to local MLSs, which results in interested buyer’s agents never viewing your property because the property didn’t appear on the database they use.
In the case of Florida FSBO sellers, there are several flat rate MLS options; but only a handful have the features you need for a successful FSBO sale. The three best flat fee MLS listing services in Florida mentioned below have comparable pricing but differ in features on offer and exposure.
As one of the best flat fee MLS listing services, Houzeo offers Florida FSBO sellers maximum reach. As a seller, you get syndication to the most frequently used local MLS databases, ensuring exposure to buyer’s agents who operate in your neighborhood or county.
The platform is intuitive and user-friendly, with the option to specify your buyer’s agent fee and access to an escrow agent, being helpful value adds.
Available in Alabama, Florida, Georgia, North Carolina, and South Carolina, Beycome allows FSBO sellers to access several local and national MLS databases. For $299, the service offers plenty of value but not as much local exposure, which is necessary for a quick sale. That said, unlike other flat-rate MLS listing, Florida homeowners who use Beycome get access to a professional photography session and a listing on classified websites.
List Now Realty
List Now Realty focuses solely on the Florida market. The purpose of List Now Realty is to help experienced sellers and investors sell their homes without exorbitant listing agent fees. However, for ordinary sellers, the platform isn’t user-friendly, and sellers are required to pay a minimum of 3% buyer’s agent commission on their listing.
While additional features are appreciated when you’re narrowing your choice, you should focus on exposure to the local market and the overall cost-saving, as these are the only relevant indicators of a flat fee platform’s efficacy.