From Albuquerque to Carlsbad, Flat Fee MLS services have helped New Mexicans save thousands in 2024. Flat Fee MLS New Mexico services will list your house on the MLS for a fraction of what you’d pay a 6% Realtor.
There’s more good news. You save the 3% listing agent commission with a Flat Fee MLS listing in New Mexico. You will also save on the 2.5% to 3% buyer agent commission with the NAR Settlement. That’s a potential saving of $22,578 on an average $376,300 home in the Land of Enchantment!
Rankings: 8 Flat Fee MLS New Mexico Companies in 2024
We’ve used 4 criteria to curate our list of the best Flat Fee MLS listing services in New Mexico:
- Maximum Exposure: The service should list you on the MLS and allow you to offer an optional commission to the buyer agent if you so desire.
- 5-Star Customer Service: The service should be rated 4.75 stars or higher by hundreds of home sellers.
- 100% Online: Advanced technology means fast listing and faster listing changes!
- No Hidden Fees: The service should disclose all its fees upfront.
Here are our rankings of the best Flat Fee MLS services in New Mexico in 2024.
Flat Fee MLS Service | Price | 100% Online | Offer Management | Showing Management | 5-star Reviews | Mobile App |
---|---|---|---|---|---|---|
1. Houzeo.com | $399 | ✅ | ✅ | ✅ | ✅ | ✅ |
2. Hardy & Co. Real Estate | $395 | ❌ | ✅ | ✅ | ❌ | ❌ |
3. Congress Realty | $299 | ❌ | ❌ | ❌ | ❌ | ❌ |
4. For Sale By Owner New Mexico | $795 | ❌ | ❌ | ❌ | ❌ | ❌ |
5. FSBO.com | $399 | ❌ | ❌ | ❌ | ❌ | ❌ |
6. I Sold My House | $299 - $399 | ❌ | ❌ | ❌ | ❌ | ❌ |
7. Entry Only | $999 | ❌ | ❌ | ❌ | ❌ | ❌ |
8. Flat Fee Realty | $299 | ❌ | ❌ | ❌ | ❌ | ❌ |
Reviews: 8 Best Flat Fee MLS New Mexico Listing Services
1. Houzeo.com
#1 Flat Fee MLS Service
Houzeo.comHouzeo is a high-tech platform with easy listing, fast changes, and online showings and offers.
You can choose from 4 Flat Fee MLS packages:
- Bronze Package – $399+$350 at Close: This package offers a Houzeo listing only for 6 months with 24 photos.
- Silver Package – $399+0.5% at Close: This offers maximum photo upload and provides you with seller disclosures.
- Gold Package—$429+0.5 % at Close: This is Houzeo’s signature MLS package and includes all the technology Houzeo is known for, such as Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum Package – $449+1% at Close: It includes the assistance of a licensed broker to help you with negotiations, seller disclosures, and closing.
👉 Our Take: We recommend the GOLD plan. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy! Before you list, confirm all prices on your particular state’s pricing page.
» Houzeo Reviews: Find out why 10,000+ Americans love Houzeo.
Houzeo is America’s #1 Flat Fee MLS service because of 5 reasons:
- Max Exposure: Houzeo’s listing packages get your home on Zillow, Trulia, Realtor.com, Redfin, and 100s of other real estate websites.
- 5-star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is a high-tech platform with easy listing, fast changes, online showings, and online offers. Its powerful house search app makes your home visible to potential buyers on the go.
- No Hidden Fees: All fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the traditional listing agent commission.
- Free Home Value Estimator: Now, you can get a free home value estimate within 30 seconds. It helps you set a listing price.
There are no dealbreakers with Houzeo.
» Is Houzeo Legit? Houzeo addresses all Houzeo complaints from home sellers.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
» Houzeo Reviews: Houzeo is rated “Excellent“ by 10,020+ home sellers.
Houzeo.com is New Mexico’s #1 ranked Flat Fee MLS service. Houzeo provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
In New Mexico, the Bronze package costs $399. The Silver package costs $399 +0.5% at close and the Gold package costs $429 +0.5% at close. The Platinum package costs $449 +1% at close.
2. Hardy & Co. Real Estate
Local Option
Hardy & Co. Real EstateHardy & 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 provides broker assistance through its highest-priced package. This is a solid choice for home sellers in New Mexico seeking local expertise.
However, the full-service package comes with higher costs, as sellers may pay up to 1.5% commission at closing. The listing fee ranges between $395 and $695, depending on the package selected. While the service offers strong support, the added costs may deter those looking for more affordable options.
3. Congress Realty
Most Experienced Broker
Congress RealtyCongress Realty offers 4 different packages:
- Basic – $299: It includes a listing term of 6 months and 6 photos, with access to all state forms & disclosures.
- Plus – $399: The services offered are similar to the basic package. You can make up to 10 free listing changes.
- Premium – $499: You get all the services of the Plus Package, with unlimited open house postings, social media featured listings, and unlimited listing changes.
- Full-Service – $399 + 0.5% Commission: This package comes with the assistance of an agent to help you with negotiations, contract review, and closing. They charge 0.5% at closing.
Additional Add-ons:
- MLS Extension – $50: You can extend your listing for 2 years.
- eLockbox – $295: Keyless entry system (price includes $125 refundable deposit).
- Yard Signs – $150: Congress Realty branded yard sign.
- Virtual Tour – $350: Professional virtual tour.
- Key Lockbox – $50: Numeric punch lockbox system.
👉 Our Take: Jared Andrew English is Congress Realty’s broker-in-charge. Under his leadership, Congress has sold over $1 billion worth of properties. His expertise can help you get the best deal for your home.
Congress Realty offers these benefits with its packages:
- Experienced Principal Broker: Under the leadership of Jared Andrew English, the company has sold over $1 billion worth of properties. His expertise can help you get the best deal for your home.
- Commission Savings: Congress Realty’s Flat Fee packages allow you to ditch the listing agent commission entirely. Their full-service package is also cost-effective.
- Direct Contact with Buyers: Congress Realty allows buyers to contact you directly. This enables you to have better control over the sale.
- Greater Exposure: The company syndicates your MLS listing to national real estate websites like Zillow, Trulia, etc. They also feature it on social media in premium and full-service packages.
- Transparent Fees: The company clearly outlines its fees, ensuring home sellers know what to expect upfront.
- Client Portal: Congress Realty’s client portal allows you to download all the necessary state and seller disclosure forms. You can also counter an offer or make changes to your listing from there.
During our research, we found certain limitations of Congress Realty:
- Expensive Add-ons: You have to pay extra for add-on services like yard signs, a virtual tour, a key lockbox, etc., which eventually makes you spend more.
- Limited Listing Duration: All the plans offer only 6 months of listing, which may be too short for sellers. You have to pay an extra $50 to extend your listing to 2 years.
- Lack of Vital Features: Although the company is tech-centric, it does not have a listing management platform that can simplify your FSBO journey.
- Limited Coverage: Congress Realty only offers services in 12 states. Its limited coverage is a deal-breaker for people living in other parts of the country.
Congress Realty has an excellent rating of 4.9 out of 5 stars from 90+ reviews on Google.
» Congress Realty Reviews: Is Congress Realty worth it? Read our blog to find out.
Congress Realty is our #3 ranked Flat Fee MLS service in New Mexico. What sets Congress Realty apart is its Managing Broker – Jared Andrew English.
Jared Andrew English is an experienced Flat Fee MLS broker and has represented thousands of home sellers. Congress Realty covers all major MLS’ in New Mexico.
4. For Sale By Owner New Mexico
EXPENSIVE PACKAGE
For Sale By Owner New MexicoFor Sale By Owner New Mexico has 3 packages that you can choose from.
- $495 Package: It includes a listing term of 12 months with 30 photos on local MLS. A yard sign and an open house posting are included with every package.
- $995 Package: This package comes with all the $495 package features and 50 photos on MLS. You get a home valuation report, printable flyers, an e-lockbox, and a showing-time appointment service. You also get the guidance of a local broker.
- $1295 Package: All services from the $995 package with 99 photos on the MLS. Additionally, you get a signature and electronic document signing.
👉 Our Take: We recommend the $995 package for FSBO sellers, it offers the professional assistance of a local broker.
- Market Exposure: Your property listing is syndicated across Zillow, Trulia, Realtor.com, Redfin, and 100s of other websites.
- Open House Posting: All packages provided by For Sale By Owner New Mexico include an offering to post open houses on the MLS.
- Broker Assistance: You will get the guidance and consultation of a local broker on the recommended package. They offer phone and email support in premium packages.
- Expensive Packages: Even the basic package starts at $395, which may be on the pricier side. Moreover, it has no broker assistance. If you require list-to-close assistance you must spend up to $995.
- E-Sign Only in $995 package: The option to e-sign your documents is only available in the most expensive package.
- Low on Tech: The website is outdated. They have no seller dashboard or a mobile app for easy listing management.
No reviews were found on enough credible websites for For Sale By Owner New Mexico.
For Sale By Owner New Mexico is operated by Lisa Hebenstreit, an experienced real estate broker for over 20 years. It is the premier advertising forum for residents in New Mexico.
The packages are non-customizable. There are no a la carte options or additional services available in the basic packages.
5. FSBO.com
NATIONAL REFERRAL COMPANY
FSBO.com- 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 available in all states with coverage in 50+ markets. FSBO allows sellers to list their property for sale while saving on the listing agent commission.
But you should know that additional services can add up to a total of $335 in costs! For example, if you wish to avail of CSS showing service, and e-lockbox rental, then you have to pay $75 and $150 over your flat fee package.
6. iSoldMyHouse.com
Low Tech, But Great Broker
ISoldMyHouse.comI Sold My House offers 2 flat fee packages:
- Get Listed – $299: This package offers MLS listing with 6-10 photos. Your listing is syndicated to major sites like Zillow and Trulia. It is best suited for rental properties and small 1-2 bedroom homes.
- Get Sold – $399: This package includes all the features of the Get Listed plan, plus you can upload up to 25 photos. It is best suited for larger homes.
👉 Our Take: ISoldMyHouse.com offers affordable MLS listings, but its services are relatively basic, even in premium packages. Unlike many other flat fee brokers, they do not offer agent support or guidance throughout the selling process.
I Sold My House offers the following advantages:
- Fast Listing: Your home is listed on the MLS within 24 hours from the time you submit your details.
- Market Exposure: Your MLS listing gets syndicated to websites like Zillow, Trulia, Redfin, and Realtor.com.
- Buyer Leads Forwarded: All buyer leads are directly forwarded to you with no agent involvement.
Here are some deal breakers associated with I Sold My House:
- Limited Coverage: ISoldMyHouse.com is licensed to provide direct services in 8 states. In the rest of the region, it works as a referral service.
- Limited Features: They don’t offer any additional services like professional photography, yard signs, or comparative market analysis.
- Self-Managed Process: The entire selling process is DIY, meaning sellers have to manage pricing, marketing, and the closing process.
I Sold My House has a rating of 4.73 out of 5 from 10+ reviews on Better Business Bureau.
» I Sold My House Reviews: Do consider reading these reviews before choosing I Sold My House.
As a flat fee FSBO website, iSoldMyHouse.com listings have manual paperwork, which takes up a lot of your time to get listed on the MLS. Some of the other plans start with an expensive 3% commission fee.
There is no iSoldMyHouse.com coupon code to use in order to receive discounts. The technology is on par with basic mom-and-pop services that only help get your house listed on the MLS.
7. Entry Only
MULTI-STATE COVERAGE
Entry OnlyEntry Only offers flat fee MLS services across the US. They offer 1 – 3 packages depending on the state:
- Basic – $399: This package offers a listing term of 6 months with 20 photos on the MLS. You get transaction coordination, flyers, buyer lead forwarding, and a yard sign.
- Enhanced – $699: You get all the services of the Basic package, along with broker assistance and contract review.
- Premium – $999: This package includes all the services of the Enhanced package. You also get negotiations and closing assistance.
👉 Our Take: Entry Only offers flat-fee MLS listing packages that vary by state. They also charge 0.1% to 0.5% at closing. Additionally, their add-ons and cancellation fees are higher compared to other flat-fee providers.
Here are some key benefits of listing with Entry Only:
- Market Exposure: Your property listing is shared across real estate websites like Zillow, Realtor.com, Trulia, and other local websites.
- Buyer Lead Forwarding: All email inquiries will be forwarded to you. In addition, Entry Only has a 24/7 receptionist service to redirect buyers and agents to you.
- Closing Assistance: Entry Only manages the closing process by coordinating with buyer agents, lenders, appraisers, inspectors, attorneys, and title companies.
- Nationwide Coverage: Entry Only offers services throughout the US and connects you with your local MLS.
Here are some drawbacks of working with Entry Only:
- Transaction Fee at Closing: Despite low upfront costs, the 0.1% transaction fee at closing means you will incur additional charges based on the final sale price.
- Add-On Costs: Optional add-ons, such as extra photos, extended listing time, or PVC yard sign posts which costs $100 each can also increase the final price.
- Cancellation Fee: If a cancellation is made before the property is listed on the MLS, a $50 cancellation fee is charged.
- Lacks Uniform Pricing: Prices and services are not standardized and vary as per state. so you may encounter unexpected fees.
Entry Only has 4.8 out of 5 stars from 345 total reviews on Trustpilot.
Entry Only is a part of the HomeZu network. With more than 20 years of experience, Jason Saphire, the managing broker, has cultivated an excellent reputation in the industry. Past sellers appreciate their prompt service.
It has a 24/7 receptionist service to forward all buyer leads. However, their add-on services are not as competitively priced as their packages.
8. Flat Fee Realty
UNLIMITED LISTING TERM
Flat Fee RealtyFlatFeeMLSRealty 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 Flat Fee MLS package that varies by state. In New Mexico, it costs $299 to list with Flat Fee Realty. With this package, you get free listing changes and related 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.
How Do Flat Fee Listing Services in New Mexico Work?
New Mexico Flat Fee Multiple Listing Services get your home on the MLS for a fixed fee. However, only licensed agents can access the MLS. So, the top flat fee services in NM work with these agents to list and market your home.
All you have to do is choose a plan that best suits your home-selling needs. And voila! You save thousands.
Once the MLS listing is live, buyer agents can view your property on the MLS and subsequently recommend it to prospective buyers.
How Much Can You Save With a Flat Fee MLS NM Listing?
It depends on who you work with. A traditional full-service agent charges a 2.5% to 3% commission. On the other hand, a New Mexico flat rate MLS listing service like Houzeo costs $399, with a closing fee of just $350.
Imagine a $376,300 home in the Land of Enchantment; you would pay $11,289 to the listing agent. However, listing with Houzeo would save you $10,540.
Service Provider | Fee | Commission Due | Savings |
Traditional Agent | 3% | $11,289 | $0 |
Houzeo | $399 | $749* | $10,540 |
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 pay 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 fees can still be offered outside of the MLS. They just cannot be advertised on the MLS.
How to Choose the Best Flat Fee Listing Service in New Mexico?
Here’s what you must consider when choosing NM Flat Fee MLS companies:
- Affordable Pricing: Select a Flat Fee MLS listing service that offers plans ranging from $300 to $800. Low listing costs may help you free up funds for other expenses like home staging or repairs.
- Maximum Exposure: Ensure that the Flat Fee New Mexico Multiple Listing Service provider gets your home on all the MLSs in your area. This will increase your home’s visibility.
- Maximum Photos: The MLS company must allow you to upload at least 22 pictures of your house. Professional photos taken from different angles help potential buyers visualize the property.
- Extended Listing Term: Choose a Flat Fee MLS New Mexico company that keeps your listing live for at least 6 months. This way, you can wait for a better offer instead of feeling rushed to accept a less desirable one.
- Quick Listing: Select a local Flat Fee MLS New Mexico listing service that gets your home on the MLS quickly. The faster your home is on the market, the less likely you will miss out on potential offers.
How to List on New Mexico MLS via Houzeo?
Follow these steps correctly to get an active MLS listing with Houzeo in 48 hours:
- Create Your Account: Download the Houzeo mobile app or go to Houzeo.com and click “Start Listing Now.” You’ll then have to provide basic information, like your name, contact details, etc., to set up your account.
- Enter Property Details: Go to the Houzeo dashboard and click “Sell a Property.” Submit details about your home, such as the number of rooms and baths, square footage, etc.
- Set Your Asking Price: Use online tools to check the value of your home and set the asking price accordingly.
- Choose Your MLS Plan: Houzeo offers 4 flat fee packages. Once you select a plan, the necessary documents will be automatically assigned to you. Completing the listing agreement will take just 20 to 30 minutes if done correctly.
- Add Property Description and Photos: Highlight your property’s key features to attract potential buyers. Upload high-quality photos showcasing major rooms and amenities such as a home gym or installed solar panels.
» Houzeo Reviews: Find out why Houzeo is one of New Mexico’s best Flat Fee MLS listing services.
Alternatives to New Mexico Flat Fee Listing Services
Flat rate New Mexico Multiple Listing Service is the best option for home sellers looking to retain most of their home equity.
However, if you don’t want to save your hard-earned equity, here are a few options for you:
- Discount Real Estate Brokers: They are licensed real estate professionals who offer the same services as traditional agents but for a lower fee. Discount real estate brokers in New Mexico charge between 0.5% to 2% commission.
- Full-Service Realtors: They are real estate agents or brokerages that offer comprehensive services, including marketing, negotiation, paperwork, closing assistance, etc. However, they charge a 5% to 6% commission for their services.
- iBuyers/Cash Home Buyers: iBuyers, such as Opendoor and Offerpad, purchase homes directly from sellers. They have strict home-buying criteria. Cash buyers in New Mexico make offers for distressed houses within 24 to 48 hours.
- For Sale By Owner Websites: For Sale By Owner websites in NM allow homeowners to list and sell their properties without the assistance of a real estate agent. However, your home won’t get the MLS exposure it deserves.
Final Word
You don’t need a full-service agent to sell your home in the Land of Enchantment.
With a flat fee listing on Houzeo, you can take control of your sale and save thousands. Get the same MLS exposure and expert tools at just $749 instead of a whopping 3% agent fee.
Frequently Asked Questions
Which is the best Flat Fee MLS listing service in New Mexico?
Houzeo is one of the top flat fee services in New Mexico because of its advanced tech and stellar customer reviews. Hardy & Co. Real Estate and Congress Realty are other great options.
Can I list on the MLS without a real estate agent?
Yes, you can list your home on the MLS in New Mexico without a real estate agent. Opt for a Flat Fee MLS listing service and eliminate the 3% listing agent's commission.
Is Flat Fee MLS legal in New Mexico?
Flat Fee MLS is legal all over the United States, including New Mexico.
Is a seller’s disclosure required in New Mexico?
Yes! The NM seller disclosure form reveals all material defects and the general state of your property to potential buyers.
Why should I list my property on the New Mexico real estate Multiple Listing Service?
Listing your property on the MLS through a New Mexico Multiple Listing Service ensures maximum visibility to buyers and agents, giving your home more exposure. Using a New Mexico flat rate MLS listing service can help you avoid paying full commission to a real estate agent.