$22,230- that’s how much New Mexicans paid in agent commissions on an average $370,500 home last month. Classic rip-off, right? Home prices in NM will continue to rise, and so will commissions. But there’s an alternative! Going FSBO.
FSBO is powerful. Millennials are leading the way, with over 55% considering selling their homes by owner. From Albuquerque to Carlsbad, selling For Sale By Owner (FSBO) is the #1 way to save thousands in the Land of Enchantment.
The best For Sale By Owner websites in New Mexico will double your savings. You save 3% on the listing agent commission. With the NAR settlement, you save on the 3% buyer agent commission too. That’s potentially a cool $22,230 IN YOUR POCKET!
Rankings: 7 Best For Sale By Owner Websites in New Mexico
| FSBO Website | Fee | 100% Online | MLS Access | Online Showings & Offers | 5 Star Ratings |
|---|---|---|---|---|---|
| 1. Houzeo.com | $399 | ✅ | ✅ | ✅ | ✅ |
| 2. Hardy & Co. Real Estate | $395 | ❌ | ✅ | ✅ | ❌ |
| 3. FSBO.com | $399.95 | ❌ | ✅ | ❌ | ❌ |
| 4. Flat Fee Realty | $299+0.25% | ❌ | ✅ | ❌ | ❌ |
| 5. ForSaleByOwner.com | $0 | ❌ | ❌ | ✅ | ❌ |
| 6. Zillow For Sale By Owner | $0 | ❌ | ❌ | ❌ | ❌ |
| 7. Craigslist | $0 | ❌ | ❌ | ❌ | ❌ |
For 100% online, only FSBO sites with online showings, inspection scheduling, offer management, and mobile apps have been considered.
For 5-star reviews, customer ratings above 4.75 out of 5 have been considered.
Types of FSBO Websites 🚀
There are two types of FSBO websites in New Mexico you can choose from:
- Paid FSBO Websites: These websites list your property on the MLS for a flat fee. The MLS syndicates your listings to Zillow, Redfin, Trulia, and other websites.
- Free FSBO Websites: When you list for free, your listings are visible on the website and not on the MLS. No MLS exposure means less buyers and a lower sale price.
Reviews: 4 Best Paid FSBO Websites in New Mexico
1. Houzeo.com
BEST FSBO WEBSITE
Listing Fee: $3994.9/5
Houzeo offers 4 FSBO MLS listing Plans:
- Bronze: $399 + $350 at closing
- Silver: $409 + 0.5% at closing
- Gold: $429 + 0.5% at closing
- Platinum: $499 + 1% at closing
👉 Our Take: We recommend the GOLD plan. Which gives you access to Houzeo Tech. You can easily manage showings, negotiations, etc.
- Maximum Exposure
- 5-star Customer Service
- 100% Online
- No Hidden Fees
- Free Home Value Estimator
Houzeo’s services are limited in Wyoming, South Dakota, and West Virginia. This means your listings may take more than 12 hours to get updated.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
» Houzeo Reviews: With over 10,000+ happy customers, Houzeo is the most trusted FSBO website.
Houzeo.com is one of the best FSBO sites in New Mexico. They provide advanced technology, a seamless user experience, and listing exposure.
Houzeo’s Flat Fee MLS listing service helps you save thousands on Realtor commissions. You get dedicated customer support, which makes the home-selling process smooth and effortless. In addition, Houzeo covers 47 states and DC.
2. Hardy & Co. Real Estate
Local Option
Listing Fee: $395 - $6954.9/5
Hardy & Co. Real Estate has 2 cost-effective packages and 1 full-service package that sellers can benefit from.
- Flat Fee Listing Package – $395: This package includes a listing term of 12 months with the maximum number of photos on the MLS. You can make unlimited changes, pause, or cancel your listing at any time.
- Listing + Contract & Closing Support Package – $395 + 1% at closing: You will get help with contract negotiations, completing required seller disclosures, reviewing the closing documents, etc.
- Full-Service Package – $695 + 1.5% at closing: This package includes the assistance of a real estate broker throughout the process.
👉 Our Take: The packages are expensive for the services they offer. The Flat Fee Listing package includes the most basic services. The other 2 packages have somewhat hefty closing costs. Some companies offer these services for much less.
The highlights of Hardy & Co. Real Estate are:
- Maximum Photos: You have the option to add the maximum number of photos allowed on the local MLS in New Mexico.
- One-Day Listing: Your listing will be posted to the New Mexico local MLS within one business day of submitting your paperwork.
- Broker Assistance: This service is available from listing and throughout the sales process.
- Free Cancellation: You can pause or cancel your listing at any time during the home-selling process.
The major dissatisfaction you may have with Hardy & Co. Real Estate is:
- Limited Coverage: All packages Hardy & Co. Real Estate provides are not available through the state. It only covers 17 out of 33 counties in New Mexico.
- No Pricing Assistance: There is no built-in home valuation assistance to help you price your home right.
- No Home Showings: Hardy & Co. Real Estate does not offer assistance for open houses or home showings.
Hardy & Co. Real Estate has 4.9 out of 5 stars from 30+ total reviews on Google.
Hardy & Co. Real Estate offers extensive broker assistance in the most expensive pack. This is a good option for home sellers in New Mexico looking for local expertise.
However, the full-service packages they offer will burn a hole in your pocket. You will have to pay up to 1.5% commission at closing.
3. FSBO.com
NATIONAL REFERRAL COMPANY
Listing Fee: $99.95 - $399- FSBO Package – $99.95
- MLS Package – $399.95
- Multiple Categories of Listings
- User-Friendly Interface
- Nationwide Coverage
- Limited Automation
- Unpredictable Broker Quality
- Extra Charges for Listing Photos
- Expensive à la carte Services
FSBO.com has no credible customer reviews on popular review sites like Google or Trustpilot.
» FSBO.com Reviews: Read why the oldest FSBO website isn’t the best anymore.
FSBO.com is the oldest For Sale By Owner website. Third-party sites like Zillow, Realtor.com, Trulia, and others syndicate the listings. In the basic package, the properties are only listed on FSBO.com and not on the MLS listing platform.
Apart from listing houses For Sale By Owner, FSBO.com offers no major services. The à la carte items are expensive, and you’re charged extra for uploading more than 25 photos.
4. Flat Fee Realty
UNLIMITED LISTING TERM
Listing Fee: $99 - $5954.3/5
FlatFeeMLSRealty offers three real estate listing packages to suit different needs and budgets:
- Silver Package – $99: This package includes a 3-month listing term and up to 15 photos with 10 listing changes.
- Gold Package – $249: This package comes with a 6-month listing term and enables you to include up to 50 photos with unlimited listing changes.
- Platinum Package – $549: This package has unlimited listing terms and changes with 25+ HD photos.
👉 Our Take: Flat Fee Realty is an affordable option. However, they do charge additional fees for optional upgrades like additional photos and listing changes.
These are some pros of Flat Fee Realty in the areas it operates:
- Cost-Effective: Flat Fee Realty offers an affordable flat fee listing package.
- Free listing Changes: You can make changes to your listing without paying any additional fees.
- Easy Cancellation: You can cancel anytime and get a refund within 30 days of purchase. If you decide not to sell your home, some of your listing fees will be refunded.
In our research, we have found certain drawbacks of Flat Fee MLS Realty.
- Not for First-Time Sellers: Flat Fee MLS Realty may not be ideal for you if you are a first-time seller. You’ll have to conduct tours and communicate with buyers on your own.
- Expensive Add-ons: For services like professional photography, you have to pay an additional $460 with the Silver package and $300 with the Gold package.
Flat Fee MLS Realty has 4.3 out of 5 stars from 90+ total reviews on Google.
» Flat Fee Realty Reviews: Read our in-depth review of Flat Fee Realty.
Flat Fee Realty offers a single MLS package that varies from state to state. With this package, you get free listing changes and related seller disclosures.
However, Flat Fee Realty requires you to pay a minimum 2% buyer agent commission, 0.25% of which goes as a kickback to your listing agent. This means you end up paying a small commission to the listing agent at closing.
Reviews: 3 Best Free FSBO Websites in New Mexico
5. ForSaleByOwner.com
OPTIONAL FREE LISTING
Listing Fee: $0 - $4953.4/5
- ‘Do It Yourself’ FSBO Package – $0
- ‘Closing Assistance’ Package – $495
- Nationwide Coverage
- Control and Flexibility
- Direct Buyer Interaction
- No MLS Listing
- Lack of Technology
- Privacy Violation
- Lead for Rocket Homes
ForSaleByOwner.com has a rating of 3.4 out of 5 stars on BestCompany.com.
» ForSaleByOwner.com Reviews: Read this blog to learn more.
ForSaleByOwner.com is considered one of the biggest FSBO websites, as they claim to have 7 times more traffic than other For Sale By Owner sites.
Although ForSaleByOwner.com offers other paid services, none of these services include For Sale By Owner MLS listing. Further, your information is provided to a Rocket Homes affiliated agent. These agents contact you frequently to solicit MLS listings.
6. Zillow For Sale By Owner
REAL ESTATE MARKETPLACE
Listing Fee: $01.4/5
- FSBO Listing on Zillow – $0
- Zillow Premier Agent – 3% commission
- No Fees
- Free Cancellation
- Maximum Market Exposure
- Nationwide Coverage
- User-Friendly Interface
- Offers Rental Services
- Slow Listings
- Inaccurate Zestimate
- Limited Support
- Lead for Real Estate Agent
- Hide FSBO Listings
Zillow has a rating of 1.4 out of 5 stars from 350+ reviews on Trustpilot.
» Zillow For Sale By Owner Reviews: Read our in-depth review on Zillow.
Zillow is the most popular New Mexico real estate website. To list your home, you can simply sign up and create your free account.
However, Zillow’s FSBO listings do not appear on the MLS and are hidden in the ‘Other Listings’ tab. This limits the exposure on your property.
7. Craigslist
BIGGEST CLASSIFIEDS
Listing Fee: $01.4/5
- FSBO Listing on Craigslist – $0
- User-Friendly Website
- Free FSBO Listing
- Good for Distressed Property
- Huge Traffic
- Lowball Offer
- Scammers and Pranksters
- Short Lifespan of Ads
Craigslist has a poor rating of 1.4 out of 5 stars from 300+ reviews on Trustpilot.
» How to Sell a House on Craigslist: Learn the step-by-step process of selling your home on Craigslist.
Craigslist is one of the biggest free For Sale By Owner sites in New Mexico. The platform is free to use and can provide decent exposure to your FSBO listing.
But they lack security features and can also attract scammers and fraudulent cash home buyers in New Mexico. So, you must be careful when sharing your property information and verifying the buyer’s identity.
How Much Can You Save With an FSBO Website in New Mexico?
You can save a whopping 3% on Realtor commission to list your home on the MLS in New Mexico. You just need to pay a flat fee, which is a fraction of the cost you would pay to the Realtor.
Imagine you own a $370,500 home in the Land of Enchantment. If you choose a 3% Realtor, you pay $11,115 to get your house on the MLS. But, if you list with a flat fee service like Houzeo, you only pay $399 and save $10,366!
| Service Provider | Fee | Commission Due | Savings |
| Traditional Agent | 3% | $11,115 | $0 |
| Houzeo | $399 | $749* | $10,366 |
NAR Settlement Saves Sellers Thousands in Commission
The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.
Here’s what this means for you:
- Sellers Can Save Thousands in Commissions: You will likely be paying much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage Buyer Agents, and again when sellers review offer contracts.
- Seller Priority #1 will be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
- Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
- Buyer Agent Commissions Can Be Offered Offline: Buyer agent commissions can still be offered outside of the MLS. They just cannot be advertised on the MLS.
How to List on MLS in New Mexico: 5 Steps
Here’s how you can get your home in front of local buyers and agents:
- Find the Best Flat Fee MLS Listing Service: Choose a flat-rate listing service to list your FSBO home on New Mexico MLS. Several Flat Fee MLS companies are notorious for high hidden fees. See our rankings of the best Flat Fee MLS New Mexico listing services.
- Create Your Account: Almost all Flat Fee listing services will let you create an account. High-tech listing sites like Houzeo will allow you to manage your listing online!
- Choose a Listing Plan: Fixed fee listing services offer a DIY MLS listing by owner plan or a virtual full-service plan. Choose the plan that meets your home-selling needs.
- Enter Property Details & Add Photos: Provide property information like the number of beds, baths, etc. Professionally clicked high-quality photos can help you sell your home 50% faster. So, consider hiring an NM real estate photographer before you upload photos!
- Sign the Listing Agreement: Review and sign the listing agreement. Complete the seller disclosure forms. If everything is in order, the real estate broker will list your home within 24 to 48 hours.
5 Tips for Listing Your House as For Sale By Owner in New Mexico
To sell your home easily with For Sale By Owner websites in New Mexico, you must consider the following tips:
- Conduct Market Research: Evaluate the local NM real estate market. Learn about recent house sales prices, market trends, and the typical time it takes to sell a home.
- Prepare Your Home: Make necessary repairs and renovations. Clean, declutter, and opt for home staging. All this makes your house appealing to potential buyers.
- Price It Right: Set a competitive price for your house. To get a Fair Market Value, consider a professional appraisal or use online tools.
- Market Your Home: Create a detailed marketing plan. Use high-quality images and make a virtual tour or video walkthrough.
- Opt for Exposure: Choose an FSBO website that gets your home listed on the MLS. This will give maximum exposure to your property and attract potential buyers.
Alternatives to For Sale By Owner Websites in New Mexico
If you think selling a house yourself in New Mexico can be difficult, here are some other options you can consider:
- Choose a Low Commission Agent: A low-commission real estate agent offers you the same services as a traditional Realtor for a reduced commission rate.
- Opt for a Cash Home Buyer: New Mexico cash home buyers make all-cash offers, usually within 24 to 48 hours. You can also sell your house as-is in New Mexico with them.
- Sell With an iBuyer: Opendoor and Offerpad are iBuyers that use technology to extend cash offers on homes. They typically offer 70%-80% of a home’s Fair Market Value (FMV).
Frequently Asked Questions
How to list a house For Sale By Owner in New Mexico?
To list your home as FSBO, you must choose the best Flat Fee MLS service in New Mexico. Create your account and opt for a listing plan. Then enter property details and sign the listing agreement.
What is the best For Sale By Owner MLS listing service in New Mexico?
Houzeo.com is the best FSBO MLS listing service in New Mexico. It provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
Where can I list my home For Sale By Owner for free in New Mexico?
You can list your home for free on ForSaleByOwner.com, Zillow and classifieds websites like Craigslist.
What to look for in an FSBO website?
When opting for a FSBO website, look for user-friendly interfaces, online visibility, and features such as listing customization and marketing tools. Also, you should list your home on the NM MLS for maximum exposure.
