$23,322 – that’s how much Tennesseeans paid in agent commissions on an average $388,700 home last month. Classic rip-off, right? Home prices in TN 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 Clarksville to Chattanooga, selling For Sale By Owner (FSBO) is the #1 way to save thousands in the Volunteer State.
The best For Sale By Owner websites in Tennessee 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 $23,322 IN YOUR POCKET!
Rankings: 7 Best For Sale By Owner Websites in Tennessee
FSBO Website | Listing Fee | 100% Online* | MLS Access | Online Showings & Offers | 5 Star Customer Service |
---|---|---|---|---|---|
1. Houzeo.com | $399 | ✅ | ✅ | ✅ | ✅ |
2. Homecoin | $95 | ❌ | ✅ | ❌ | ❌ |
3. List With Freedom | $195 | ❌ | ✅ | ❌ | ❌ |
4. Tennessee Flat Fee MLS | $149 | ❌ | ❌ | ❌ | ❌ |
5. ForSaleByOwner | $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 Tennessee 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 Tennessee
1. Houzeo.com
BEST FSBO WEBSITE
HouzeoHouzeo 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 Tennessee. 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. Homecoin
AFFORDABLE PACKAGE
HomecoinHomecoin offers only one Flat Fee MLS package:
- Flat Fee MLS Listing – $95: It includes a 12-month listing term, 25+ photos, call forwarding, info by text, email forwarding, and state and federal disclosures. You also get up to 10 free listing changes.
Add-ons:
- Sign Post Rental: $105 (price varies by area)
- Lockbox Rentals: $125 (price varies by MLS)
- Pro Photography: $182 (price varies by area)
- Seller Agent: They offer two packages for seller agent. Standard package costs $495 and the premium package costs $2,999.
👉 Our Take: Homecoin offers only a single package for listing on the MLS. If you opt for any additional service, you end up paying extra.
Note: Homecoin’s services and prices vary by region. Our research is conducted in the 90001 ZIP code.
Based on our research, the benefits of Homecoin are:
- Digital Automation: The listing documents can be filled out online on their website.
- Affordable Listing: Apart from expensive add-ons, your home gets listed on the MLS at an inexpensive price.
- Covers 22 States: Homecoin covers Arizona, California, Florida, Georgia, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, North Carolina, New Jersey, New York, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.
In our research, we found some limitations of Homecoin, that could make your experience less satisfactory.
- Essentials Are Add-Ons: Homecoin will charge you extra for features like showing management with a lockbox. You can counter an offer or request the highest and best offer.
- Upgrades are Overpriced: If you want to manage showings, you have to rent a lockbox for $125.
- Key Features Are Not Available: Key features, like inspections and appraisals, are missing in Homecoin’s offerings. Without these, you risk turning off buyers and buyer agents.
Homecoin has 4.8 out of 5 stars from 120+ reviews on Yelp.
» Homecoin Reviews: Is Homecoin worth it? Read our blog to find out.
Homecoin is a For Sale By Owner company that lets you list your property on the MLS for a flat fee. Founded by Jonathan Minerick, it is a licensed brokerage in 11 states.
Homecoin’s à la carte services come at a hefty price. Other companies offer services like the yard sign and the lockbox for much less.
3. ListWithFreedom
COMPREHENSIVE PACKAGES
List With FreedomList With Freedom is one of the oldest Flat Fee MLS services based out of Florida. It offers 3 packages:
- Gold – $89: This plan offers a 6-month MLS listing with up to 25 photos. You can decide the buyer’s agent compensation, but a 0.50% compliance fee is charged at closing.
- Platinum – $195: This plan includes everything from the Gold Plan but allows maximum photos and lowers the compliance fee to 0.25%.
- Platinum+ – $395: This plan includes everything in the Platinum Plan, along with a 12-month listing. It also offers an online showing service, unlimited open houses, a personal transaction coordinator, and a yard sign.
👉 Our Take: List With Freedom is a good option for experienced sellers. However, it’s important to note that they charge a compliance fee at closing, which adds to the total cost of their services.
Here’s what stands out about List With Freedom:
- Affordable Pricing: List With Freedom listings start at $89.
- Unlimited Listing Changes: You can make unlimited updates to your listing without extra costs.
- Market Exposure: Homes are listed on the MLS and various national websites, including Realtor.com, Zillow, Trulia, etc.
- Buyer Leads Forwarding: All buyer leads are directly forwarded to you without agent involvement.
Here are some of the drawbacks of working with List With Freedom:
- Additional Fee at Closing: List With Freedom charges a compliance fee of 0.25%–0.50% at closing, which can add to the overall cost.
- No Agent Support: There’s no agent support to assist with contract review, negotiations, or market analysis. Sellers must handle everything independently.
List With Freedom has a 4.7 out of 5 stars rating from 600+ reviews on Google.
» List With Freedom Reviews: Is List With Freedom a good choice? Find out the details in our review!
List With Freedom is a licensed Flat Fee MLS company founded by Jim Tyminski in 2005. They provide MLS listing services in all US states except Alaska, Colorado, Hawaii, and Puerto Rico. Also, they are known for their easy-to-use platform.
Nevertheless, List With Freedom’s a la carte services come with a hefty price tag. Additionally, they don’t provide any pricing or negotiation assistance.
4. Tennessee Flat Fee MLS
ECONOMICAL ALTERNATIVE
Tennessee Flat Fee MLSTennessee Flat Flat Fee MLS offers 2 FSBO MLS Listing Packages:
- MLS By Owner Package – $99: Includes 6 photos and a 6-month listing on the local MLS. You also get state forms and free listing changes.
- MLS By Owner Package – $149: The services are similar to the $99 package with 25 photos (or maximum allowed).
👉 Our Take: Tennessee Flat Fee MLS packages start at just $99. The packages are mostly for experienced sellers who understand the listing process well.
Tennessee Flat Fee MLS has the following advantages.
- Affordable Packages: Tennessee Flat Fee MLS offers all basic services and state-required forms for just $99. This is a decent option for experienced sellers who need a simple listing service.
- Package Upgrade: You can upgrade the basic package to add a virtual tour on Realtor.com.
Before opting for Tennesse Flat Fee MLS you should know they have a few red flags listed below:
- Additional 0.25% Fee at Closing: Tennessee Flat Fee MLS refers your listings to ListWithFreedom.com or other brokers for a 0.25% closing fee. So make sure to read the listing agreement carefully.
- Low Technology: Tennessee Flat Fee MLS has a very basic website that is low on tech.
- Limited Listing Photos: The $99 package allows only 6 photos which limits your exposure and buyer interest.
- No à la carte Menu: You don’t get to customize your package. You will not even find a ‘For Sale’ yard sign or lockbox on the website.
- No Free Listing Changes: No free changes for your listing details or photos. Houzeo provides unlimited changes and custom yard signs for showcasing your home in best way.
No credible sources are available for reviews.
Tennessee Flat Fee MLS helps sellers identify those discount brokers who offer the lowest ‘fee for service’ within their local market. If you are on a tight budget, it could be a good choice for you.
Moreover, you should know that their website is meager on tech and offers no additional services. To sell your home fast, you need more than just a listing!
Reviews: 3 Best Free FSBO Websites in Tennessee
5. ForSaleByOwner.com
OPTIONAL FREE LISTING
ForSaleByOwner.com- ‘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 has been operating since 1999. You can list your single-family home, condo, or townhouse at no cost. Moreover, they provide tools to help you calculate your home’s worth and access to legal forms.
Although ForSaleByOwner.com offers various paid services, their agent support package is similar to what you’d pay to a traditional Realtor. And none of the packages include a For Sale By Owner MLS listing in Tennessee.
6. Zillow For Sale By Owner
REAL ESTATE MARKETPLACE
Zillow- 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 Tennessee 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
Craigslist- 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 Tennessee. 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 Tennessee. So, you must be careful with sharing your property information and verify buyer identity.
How Much Can You Save With an FSBO Website in Tennessee?
You can save a whopping 3% on Realtor commission to list your home on the MLS in Tennessee. 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 $388,700 home in the Volunteer State. If you choose a 3% Realtor, you pay $11,661 to get your house on the MLS. But, if you list with a flat fee service like Houzeo, you only pay $399 and save $10,912!
Service Provider | Fee | Commission Due | Savings |
Traditional Agent | 3% | $11,661 | $0 |
Houzeo | $399 | $749* | $10,912 |
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 Tennessee: 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 Tennessee MLS. Several Flat Fee MLS companies are notorious for high hidden fees. See our rankings of the best Flat Fee MLS Tennessee 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 a TN 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 Tennessee
To sell your home as FSBO with ease, you must consider the following tips:
- Conduct Market Research: Evaluate the local TN 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 Sites in Tennessee
If you think selling a house yourself in Tennessee 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: Tennessee cash home buyers make all-cash offers, usually within 24 to 48 hours. You can also sell your house as-is in Tennessee 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 Tennessee?
To list your home as FSBO, you must choose the best Flat Fee MLS service in Tennessee. 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 Tennessee?
Houzeo.com is the best FSBO MLS listing service in Tennessee. 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 Tennessee?
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 TN MLS for maximum exposure.