✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
Madcity Homes is a Flat Fee MLS company in the US. They offer real estate advertising, negotiation, and consultation services to sellers in South Central WI. As a result, sellers gain more control over their home sale with them.
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Pros
- Your property gets maximum exposure.
- You could fetch the highest possible price for your home.
- You get to save on the 3% Realtor commission.
Cons
- Their listing packages are on the expensive side.
- They provide services only in the Greater Madison area.
Madcity Homes is a Flat Fee MLS company based in Wisconsin, USA. They help you list your property on the MLS for a static amount. Furthermore, your home also gets syndicated to other real estate websites for maximum exposure.
Now, you might secure a higher sale price with such an exposure. However, be aware, your net proceeds might still be on the lower side. Madcity Homes’ packages start at $750. This is a bit expensive and could reduce your savings.
For example, if your home sells for $500,000 on the MLS, you’d have to pay a minimum of $750 to Madcity Homes as a fee. We feel this amount is slightly high for an FFM company, whose purpose is to save you money.
Therefore, we suggest you browse other options as well to achieve an economical sale. An FFM company like Houzeo helps you fetch the highest possible price with their affordable packages. As a result, you keep more of what you make from the sale.
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✍️ Editor’s Take: Sell your home using an FFM company like Houzeo. They help get you on the MLS within 24 hours, maximizing exposure for your home. Furthermore, you can choose from Houzeo’s affordable packages starting from $399 and save thousands of dollars in agent commissions. Compare Madcity Homes vs. Houzeo.
Is Madcity Homes Legit?
Yes, Madcity Homes is a legitimate company founded by Stuart and Sheri Meland in 2002. Based on their website, they have helped Madison area sellers save a total of $39,368,619 in listing agent commissions.
After browsing online, we found that Madcity Homes does not have a BBB page. Nevertheless, they do have a Google profile and a sufficient number of customer reviews on the same.
Coverage
Madcity Homes has limited coverage. They provide listing services only in the Greater Madison Area. As a result, many sellers outside their service area might not be able to avail of their services.
If you’re looking to sell your home in the US, you can consider Houzeo. You can conveniently sell from anywhere in the country as Houzeo covers all states plus DC.
How Do They Work?
Madcity Homes is a typical FFM company. They help you list your home on the MLS and other real estate websites like Zillow, Trulia, etc. for a Flat Fee. If you wish to go ahead with them, follow these 3 simple steps:
- Browse Packages: Madcity Homes provides three listing packages on their website. Go through each one of them to finalize which one suits you the best.
- Make Payment: After you select your desired package, add your property address and make the required payment.
- Get Started: Post purchase, fill in all the necessary details to get your property listed.
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🌟Prior Consultation: The company’s packages page may seem confusing and overwhelming to sellers. Therefore, we recommend contacting the owner- Stuart Meland before making the final call.
Services/Packages
Madcity Homes offers three packages to meet the diverse needs of their clients.
- Flat Fee MLS Package – $750: This package includes a listing period of 6 months. You also get comparable sales summary and rental yard sign (some restrictions may apply). Moreover, your listing gets syndicated to local MLS, their platform, and real estate websites like Zillow and Trulia.
- Agent Assistance – $3,750: This package includes everything from the Flat Fee package. Apart from that, it provides digital GE Supra Key Lockbox. It also offers an optional ShowingTime scheduling system via text or email.
- Full-Service-4% at Closing: This package is made for first-time sellers who might need guidance at every step. Here, you receive help with negotiations, reviews, counteroffers, amendments, addendums, notices and many other selling aspects.
We’ve provided a brief overview of each package above. For a comprehensive understanding of Madcity’s packages, it’s recommended to visit their official website.
» What’s My Home’s Value: You can know your home’s market value with Houzeo’s free Home Worth Estimator. It helps you estimate the amount you will get upon sale.
Listing Upgrades
Here is a summary of the Listing Upgrades that Madcity Homes provides:
- Directional signs – $5 each (Open House or Home For Sale)
- Outlying area sign installation – $50
- Add 6 months to existing term – $245
- Re-list property – $295 (new MLS number, includes 6- month extension for active listings only)
However, some features (sign, digital lockbox) are not available in all areas. Moreover, combo lockboxes are substituted in some areas outside Dane County.
Madcity Homes Reviews
Madcity Homes has a solid 4.9 out of 5-star rating on Google based on 81 customer reviews. We found that almost all of these are positive reviews. They appreciate the company for their professionalism and prompt responses.
However, most of the Madcity Homes reviews date back 7-8 years. This makes it slightly challenging to assess their current performance.
Praises
✅ Scott Storch had a smooth and timely sale with Madcity Homes. He highly recommends the company to anyone looking to sell their home.
This is the third time that I have worked with mad city homes on selling my home. As usual things went, very smooth, very professional, and in a timely fashion. I would highly recommend using mad city homes if you are looking to sell your home.
Source: Google
✅ Becky Anderson found Madcity Homes trustworthy and caring. They’ve had two excellent selling experiences with them so far.
My review in short: The Team at Madcity Homes are honest, trustworthy, prompt and above all else guided by genuine care and concern for the client’s best interest. We started working with Sheri as our Buyers Realtor in 2006. It was a great experience and we have been loyal Madcity Homes clients since. In total they have helped us buy 2 houses and sell 2 houses. Sheri and Stuart have a well-deserved reputation for helping home sellers. Just as expected both of our selling experiences were wonderful!
Source: Google
Complaints
We could not find any complaints against Madcity Homes on credible sources like Google. Nevertheless, it’s still advisable to periodically check online for updates.
Pros and Cons
Here are the pros and cons of selling with Madcity Homes.
👍 Pros
Madcity Homes offers several benefits:
- Quick Listing: Madcity Homes provides a quick MLS listing procedure. Your listing gets activated within 24 hours.
- Market Exposure: Apart from the MLS, your property gets syndicated to local and national websites like Zillow, Trulia, Realtor.com, and many more.
- High Value Deals: Your property is listed on maximum number of websites and the MLS. As a result, you might attract the highest sale price for your home.
- Good Customer Reviews: Madcity Homes enjoys a robust customer review. Many customers said their experience was good and their team was quick to respond.
👎 Cons
Based on our research, Madcity Homes has a few negatives.
- Additional Charges: Madcity Homes charges you extra to extend the listing period, install new signs, and more.
- Lack of Features: Some of the features like sign, and digital lockbox are not available in all areas. Combo lockboxes may be substituted in some areas outside Dane County.
- Limited Coverage: They provide services only in Greater Madison area. As a result, a large number of sellers in the US might not be able to avail of their services.
Competitors
» Jump to: Madcity Homes vs. Houzeo | Madcity Homes vs. Sundae | Madcity Homes vs. We Buy Houses
Madcity Homes has various potential competitors. We have selected them based on three metrics such as savings, speed, and coverage.
1. Savings: Madcity Homes vs. Houzeo
Madcity Homes is an FFM company that lists your property on the MLS. They charge a minimum of $750 for their basic package. This amount is slightly on the higher side and could potentially lower your net proceeds.
Houzeo, is also Flat-Fee MLS company that serves the same purpose as Madcity Homes. However, with Houzeo, you get the maximum benefit as their packages are quite affordable and comprehensive.
2. Speed: Madcity Homes vs. Sundae
Madcity Homes lists your property on the market and other real estate websites. An MLS home takes around 61 days to sell. You can expect the same selling timeframe with Madcity Homes as well.
Sundae is a cash-buyer marketplace. Like most cash buyer marketplaces, they provide you a closing timeline of 5-7 days. If you’re on a time crunch, Sundae could suit you better.
3. Coverage: Madcity Homes vs. We Buy Houses
Madcity Homes has limited coverage. They sell your property only in Greater Madison area. You might not be able to avail of their services if you’re outside their service areas.
We Buy Houses is a famous cash buyer that purchases properties as-is. They have nationwide coverage. So, they would be present in all of the US.
Flat Fee Listing Services Near Me
Madcity Homes Reviews: Should You Sell With Them?
Yes, you could choose to sell with Madcity Homes. They offer professional MLS listing services to home sellers in the Greater Madison area. Furthermore, you might be able to fetch the highest possible price for your property with them.
However, selling with them might eat into your savings. Madcity Homes’ basic listing package starts from $750. This could be pricey for the sellers. Moreover, their pricing page can be confusing which may add to the difficulty.
For sellers looking for the best price and big savings, it’s worth exploring other options. An FFM company like Houzeo can list your property on the MLS for a reasonable fee, saving you thousands of dollars.
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Frequently Asked Questions
Is Madcity Homes a legitimate company?
Yes, Madcity Homes is a legitimate company founded in 2002. They are headquartered in Wisconsin, USA. Madcity Homes does not have presence on BBB. However, they do have a Google profile and multiple positive reviews on the same.
How much do I have to pay to sell with Madcity Homes?
Madcity Homes charges a minimum fee of $750 for their basic MLS listing package. The fee can go up to 4% of your home sale price for the Full Service package. We feel all of their packages are a bit expensive.
If you're looking to save more on your home sale, consider Houzeo. You pay a flat-fee starting from $399 to list your home on the MLS. As a result, your net proceeds could be more with Houzeo.
What are some Madcity Homes competitors?
Madcity Homes has various competitors. Houzeo competes with Madcity Homes on the basis of pricing. Whereas, Sundae and We Buy Houses compete with them based on speed of sale and coverage respectively.
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