✏️ 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.
By Owner Flat MLS enables homeowners to list their properties on multiple MLS platforms and potentially save on commission fees.
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Pros
- Cost Savings
- Wider Exposure
Cons
- Limited marketing resources
- Limited Support
By Owner Flat MLS reviews speak volumes about this real estate company. Moreover, with a 5 out of 5-star rating from 31 reviews on BBB, By Owner Flat MLS has garnered attention for its services.
By Owner Flat MLS doesn’t have personalized assistance. So, if you’re a first-time home seller, this may prove to be a hindrance. On the other hand, flat fee companies like Houzeo can help you through your home-selling journey.
Not only does Houzeo automatically assign your local MLS, but listing is quick and easy.
Key Takeaways
- Pros: By Owner Flat MLS provides homeowners with a platform to list their properties on multiple listing services (MLS). This helps you attract potential buyers.
- Cons: However, the lack of personalized assistance and limited marketing resources may hinder homeowners who require more guidance and support during the selling process.
- Our Take: We recommend caution for first-time sellers or those seeking additional support throughout the process. The lack of personalized assistance and marketing resources may hinder the effectiveness of the listing.
What is By Owner Flat MLS?
By Owner Flat MLS is an online platform that allows homeowners to list their properties on multiple MLS platforms. This approach empowers sellers to take control of the selling process and potentially save on commission fees.
How Does By Owner Flat MLS Work?
By Owner Flat MLS streamlines the home selling process by providing a user-friendly platform. Using this platform, homeowners can create and manage property listings online.
The platform guides sellers through the necessary steps including property description, and uploading photos. They also help you in setting a listing price. Once listed, the property becomes visible to potential buyers browsing MLS platforms.
Services/Packages
By Owner Flat MLS offers several packages tailored to suit different needs and budgets. They offer the following Flat Fee MLS packages:
- Seasonal Special MLS Listing – $99: The package includes a 6-month listing. You can only upload 6 photos on the MLS.
- Silver MLS Listing – $169: The package also includes a 6-month listing period. However, this package allows you to upload up to 25 photos on the MLS.
- Solid Gold MLS Listing – $189: The package includes a 6-month listing and 25 photos on the MLS. They also offer additional syndication exposure and charge zero listing commission.
» 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.
By Owner Flat MLS Coverage
By Owner Flat MLS covers the following states in the USA:
| Regions | States |
| Northeast | Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont |
| Midwest | Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, South Dakota, Wisconsin, Nebraska, North Dakota |
| South | Alabama, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia, Arkansas, District of Columbia |
| West | Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Alaska, Hawaii, Wyoming |
👍 Pros of By Owner Flat MLS
- Cost Savings: By Owner Flat MLS eliminates the need for traditional real estate agents. This helps homeowners to save on hefty commission fees.
- Wider Exposure: Listing on multiple MLS platforms attracts more potential buyers.
👎 Cons of By Owner Flat MLS
- Limited Support: While By Owner Flat MLS provides a platform for self-listing, it lacks the personalized assistance and expertise of a real estate agent. Homeowners who are new to the selling process or require guidance may find this aspect challenging.
- Marketing Resources: The company’s resources for marketing and promoting listings may be limited, potentially impacting the visibility of properties compared to those listed with traditional agents.
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Conclusion
By Owner Flat MLS offers a unique solution for homeowners who are comfortable taking charge of their home-selling journey. While it presents potential cost savings, its limitations in personalized support and marketing resources may pose challenges for some sellers.
Consider your needs and level of expertise before deciding whether By Owner Flat MLS is the right fit for you.
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Frequently Asked Questions
1. Is By Owner Flat MLS Legit?
Yes, By Owner Flat MLS is a legitimate real estate service provider, offering MLS services nationwide.
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