5 Flat Fee MLS Companies in Tennessee
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Joseph Gordon EditorClose
Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
Choosing to sell your Tennessee home as a For Sale by Owner (FSBO) can limit your reach to potential buyers. Because the local multiple listing service (MLS) is typically restricted to licensed agents, your property may struggle to gain visibility. Fortunately, with a flat fee MLS Tennessee service, you can list on the MLS for a fixed cost, giving your home broad exposure without the steep commissions of a traditional agent.
Our guide will dissect the pros and cons of using a flat fee MLS service, highlighting several companies that provide this service, their fees, and other aspects of their business.
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What is a flat fee MLS listing service in Tennessee?
A flat fee listing service allows FSBO sellers to list their property on the local MLS without the assistance of a traditional real estate agent. The MLS is basically a database where homes for sale are listed, making it easier for agents to share information and get properties in front of more buyers.
This database is typically restricted to licensed real estate professionals, but some companies offer flat fee MLS services, providing a legal and effective bypass for FSBO sellers, enabling them to list on the MLS directly and enjoy the benefits of widespread listing visibility without incurring the full costs of hiring a traditional agent.
How much does a flat fee MLS service cost in Tennessee?
The cost of a flat fee MLS service in Tennessee varies widely, depending on the provider and the range of services included. Fees can start as low as $100 or less for the most basic listing services, offering a cost-effective solution for those looking to get their property on the MLS without a slew of additional features.
On the higher end, some packages can cost thousands of dollars, incorporating a variety of extras that can enhance the selling experience, such as more prominent listings, additional photos, or extended listing durations. Particularly, the more expensive plans may include a comparative market analysis, which presents valuable insights into pricing your home competitively in the Tennessee market.
Gray Fox Realty
Gray Fox Realty offers flat fee MLS listings with comprehensive real estate services, guiding homeowners through every step from professional marketing to closing. Based in downtown Franklin, the company serves Williamson County, TN, and surrounding areas with high-quality real estate expertise.
By leveraging technology and streamlined processes, Gray Fox Realty delivers cost-effective solutions without sacrificing personal support. Its flat fee MLS marketing agreement starts at $995, giving sellers the same MLS exposure as traditional listings.
Service areas: Williamson County and surrounding areas
- $995 for homes under 1,500 square feet
- $2,495 for homes 1,500 to 3,500 square feet
- $4,995 for homes over 3,500 square feet
All plans include pre-list marketing, professional photos, lockbox, 360-degree tour, social media advertising, and contract paperwork.
Earning the loyalty of its customers, Gray Fox Realty reflects a perfect 5-star rating on Google Reviews. Clients say their experience with this team was fast and professional, making the process of selling a home far less stressful.
Many emphasize how photos, listings, and communication were handled with care, leading to quick contracts and seamless closings. The team is praised for market knowledge and smart guidance that made clients feel like a priority throughout.
Website: grayfoxrealty.com
Phone number: 615-545-6018
Results MLS
ResultsMLS provides homeowners with an affordable and efficient alternative to traditional real estate commissions through flat fee MLS listings. Licensed agents give sellers direct access to the MLS while offering three service packages tailored to different needs, all for a fixed fee.
With over 15 years of industry experience, the company is dedicated to helping clients maximize savings and maintain control throughout the selling process. ResultsMLS has assisted in more than 14,500 home sales and saved sellers over $1 million in commission costs.
Service areas: 50 States, including Tennessee
- MLS Marketing: $199 (with an additional $99 monthly for hosting fee) for a six-month listing term, up to 10 listing photos, and contract and transaction documents in PDF
- Agent Support: $399 (with an additional $99 monthly for hosting fee) for a 12-month listing term, maximum number of listing photos, unlimited listing changes, contract and transaction documents in digital format with signatures, marketing asset templates, and yard sign
- Local Full Service: $7,500 for negotiable listing term, full marketing service, and professional photography
ResultsMLS earned a high review score of 4.5 out of 5 stars on Google Reviews. Past sellers commend the company for providing an effective way to gain exposure and attract buyers without the high cost of a traditional Realtor.
Many note how questions are answered quickly and support is always available when needed. The service is described as straightforward, reliable, and a smart choice for those wanting to save money while selling their home.
Website: resultsmls.com
Phone number: 615-488-2094
List With Freedom
List With Freedom brings over two decades of expertise to the real estate market, having successfully listed more than 100,000 properties nationwide. With its flat fee MLS services, the company has enabled homeowners to save millions in traditional commissions while still gaining maximum visibility.
Properties are listed on the MLS within 24 hours, ensuring sellers benefit from immediate market exposure. In addition, listings are syndicated across leading real estate platforms, reaching a broad audience of potential buyers.
Service areas: Nationwide, including Tennessee
- Gold: $89 (+ 0.5% at closing) for a six-month listing term, up to 25 listing photos, automated price valuation, unlimited changes, and listing forms and disclosures
- Platinum: $195 (+ 0.25% at closing) for Gold inclusions and the maximum number of listing photos
- Platinum Plus: $395 (+0.25% at closing) for Platinum inclusions, 12-month listing term, professional yard sign, open house directional signs, virtual tour, and personal transaction coordinator
List With Freedom has received strong praise from many clients, reflected in its 4.7-star rating on Google. Past sellers share that the company offers a smooth and supportive experience, with the platform described as user-friendly and efficient.
Many commend how quickly listings go live and how responsive the team is when questions arise. The customer service earns frequent praise for being attentive, helpful, and detail-oriented, making the process easier from start to finish.
Website: listwithfreedom.com
Phone: 855-456-4945
Listing Results
Listing Results is a team of licensed agents serving homeowners since 1998. In 2000, the family-owned real estate firm expanded to offer flat fee MLS listings, giving sellers an affordable way to market their properties.
This approach allows homeowners to reach a wide audience without paying traditional commission fees. As the company has deep community ties and a strong commitment to client satisfaction, Listing Results has established an excellent reputation over the years.
Service areas: Throughout Tennessee and other states
- DIY 99: $99 for a six-month listing term, up to six listing photos, yard sign, lock box, and unlimited listing changes
- DIY 199: $199 for up to 25 to 50 listing photos and free open house postings
- Full Service: $1,200 for DIY 199 inclusions, showing scheduling software access, full agent representation, contract negotiation, and professional photography
Listing Results, accredited by the Better Business Bureau (BBB) since 2013 with an A+ rating, is well-regarded for its reliable and ethical service. The company holds a strong 4.8-star average on Google, with clients noting that its flat-fee MLS listings are simple, cost-saving, and effective.
Several sellers emphasize the fast sales and smooth closings, appreciating the ability to handle negotiations themselves. The team is often described as transparent and responsive, with no hidden fees.
Website: listingresults.com
Phone: 615-685-1041
Martin Properties
Martin Properties helps homeowners sell their homes without paying high real estate commissions by offering flat fee MLS listings. It ensures every property gets seen on the MLS and major real estate websites while guiding sellers through the process from start to finish.
With flexible flat fee options, homeowners can save money while still getting professional marketing and support. The company focuses on making selling simple, efficient, and stress-free.
Service areas: Nashville and Middle Tennessee
- Economy: $195 for a three-month listing term, up to 12 listing photos, unlimited listing changes
- Standard: $295 for a six-month listing term and up to 25 listing photos
- Best Value: $395 for a 12-month listing term, up to 30 listing photos, state disclosures, and lead forwarding
Trusted for its professional real estate services, Martin Properties achieved a 4.2-star Google rating. Clients say that using the firm’s MLS-only listing service was a game-changer for selling their home. Some report that after struggling with other platforms, listing with Martin Properties generated immediate interest, multiple showing requests, and fast offers.
Sellers appreciate the straightforward process and the ability to communicate directly with buyer agents, allowing them to save thousands in commission fees. Overall, users find the service efficient, cost-effective, and highly recommended for FSBO transactions.
Website: tnflat-feemls.com
Phone number: 615-973-8970
How would a Tennessee seller benefit from a flat fee MLS service?
Opting for a flat fee MLS service in Tennessee can be a smart choice for sellers looking to maximize profits by cutting real estate commission costs. Traditionally, sellers pay a total commission of 5% to 6%, split between the listing agent and the buyer’s agent. By using a flat fee MLS service, homeowners can eliminate the listing agent’s portion, typically around 2.5% to 3%, while still gaining full MLS exposure.
With changes in commission rules that separate buyer’s and seller’s agent fees, sellers may reduce costs further since buyers negotiate directly with their own agents. This approach provides an affordable, transparent way to sell a home without sacrificing visibility or control.
The flat fee MLS service is particularly advantageous if you have a desirable property in a competitive market, wish to be intricately involved in the sale, or prefer not to work with a licensed agent. A FSBO sale grants you full control over the selling process, from setting the selling price to negotiating the final sale terms.
However, it requires a significant investment of time and energy. Here are the key responsibilities you’ll still need to manage if you are selling your home on your own:
- Use market data to determine your home’s selling price
- Craft an appealing listing description and take professional photos
- Market your home, including showings and open houses
- Make state and federal disclosures
- Review offers and present counteroffers, negotiating the sales price and contract terms
- Calculate closing costs and net proceeds and handle any issues with the appraisal or inspection
- Manage transfer taxes and gather necessary documentation
Pros and cons of using a flat fee MLS listing service
When selling a home, understanding all your options is key. A flat fee MLS listing service can be a cost-effective alternative to traditional real estate agents, but it’s not without its trade-offs. The following breakdown explores the main advantages and potential drawbacks, helping you decide if this approach is the right fit for your selling strategy.
Pros
Using a flat fee MLS listing service for your FSBO sale in Tennessee offers several advantages:
- No listing agent commission: Typically, this would be about 2.5% to 3% of the sale price.
- Self-representation: You can represent yourself in the sale of your home.
- Control over the sale process: You manage all aspects of the sale from start to finish.
- Upfront known costs: You pay a fixed fee for the listing service.
- Broad exposure: Your home gets listed on the MLS, which feeds into various third-party websites, increasing visibility. This service helps increase your exposure to traditional buyers and their agents.
Cons
However, there are some disadvantages to consider when using a flat-fee MLS listing service:
- Buyer’s agent commission: You must offer a commission to the buyer’s agent, typically about 3%.
- Personal responsibility: You’ll handle any issues that could delay or terminate the deal.
- Self-serve transaction: The process is managed without the guidance of a local expert, which might be challenging for some.
- Legal risks: FSBO sellers might expose themselves to liability claims and other legal risks.
- Lower sale price: Homes might sell for less than they would if sold through a traditional real estate professional.
How do I list my home with a flat fee MLS service?
Listing your home with a flat fee MLS service in Tennessee involves a few key steps. This process lets you control your FSBO sale while ensuring your property is visible on the MLS and third-party websites. Here’s how to get started:
Step 1: Vet the flat fee MLS service
Begin by researching local flat fee MLS services to find the one that best suits your needs. Look at the different packages and rates they offer. It’s important to check Google reviews and verify the company’s reputation on the BBB website. Understand what your selected package includes, such as the number of information and photos you can list, which forms are provided at no extra cost, and what additional services might incur extra fees.
Step 2: Register and select a plan
Once you’ve chosen a service, register on their website, select the most suitable package for your sale, and pay the required upfront fee online.
Step 3: Enter your property information
The next step is to provide a detailed description of your property and upload photos. If offered by the service, complete and upload the necessary disclosure forms to accompany your listing.
Step 4: Read and sign your listing agreement
Carefully read through and sign the listing agreement provided by the service. Make sure the agreement allows you to cancel without facing any penalties and confirms that you won’t owe a listing commission beyond the flat fee already paid.
Step 5: Review your live listing
After completing and submitting your listing, the flat fee MLS service will publish it on the local MLS. This makes your property visible to buyers’ agents and, depending on the service, on popular real estate websites like Zillow, Trulia, and Realtor.com.
Note that your listing might take a few days to appear on these sites. Once live, checking how your listing is presented on these platforms is crucial to ensure accuracy and completeness.
Are flat fee MLS listings effective in Tennessee?
In Tennessee, leveraging the local MLS through a flat fee service can be highly effective for sellers. Most homebuyers start their search online, where most platforms draw from local MLS databases to showcase the latest listings. This helps your property reach a broad audience, including buyers’ agents who rely on MLS data to find homes that meet their clients’ criteria.
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Alternatives to flat fee MLS services in Tennessee
If you’re reconsidering using a flat fee MLS service for selling your home in Tennessee, there are alternatives worth exploring:
- Flat fee real estate agent: A flat fee real estate agent can offer to list and sell your home for a set fee, usually between $3,000 and $5,000, with additional services possibly incurring extra costs. This option suits sellers who want more control over their sales but also want professional assistance.
- Discount brokers: For those seeking a middle ground, discount brokers accept a lower commission than traditional agents, offering basic services at a cost higher than a flat fee MLS but lower than full-service agents. But remember, depending on negotiations, you may need to cover the buyer’s agent commission.
- Full-service, experienced real estate agent: Employing a full-service Realtor provides comprehensive support, leveraging local market expertise to potentially sell your home quicker and for a higher price. This is a valuable option for those prioritizing ease and outcomes over cost.
Will I save money with a flat fee MLS listing service?
Using a flat fee MLS listing service in Tennessee can help you save on commission fees traditionally paid to a listing agent. However, it’s essential to consider the broader financial implications of selling your home For Sale By Owner (FSBO).
According to research by the National Association of Realtors, FSBO homes tend to sell for less compared to homes sold through an agent. While the median sale price for FSBO homes was $380,000, homes sold with the help of an agent achieved a median sale price of $435,000.
Therefore, while a flat fee MLS listing can be a valuable tool for reaching potential buyers, weighing the potential savings against the possibility of a lower overall profit from your home sale is crucial.
What if I need to sell my Tennessee home fast?
If the clock is ticking and you need to sell your Tennessee home fast, there are several options. You might consider selling to a “We Buy Houses” company or an iBuyer.
These companies are known for their quick purchasing process, often agreeing to purchase your home in a matter of days, regardless of its condition. It’s important to note that the trade-off for speed is typically a lower sale price than the open market.
Additionally, HomeLight’s Simple Sale platform offers an alternative route to expedite your home-selling process. This service can fast-track the sale of your home or help you connect with a local agent to explore more traditional yet efficient selling options.
What else should I know about selling a house in Tennessee?
When selling a house in Tennessee, it’s important to be aware of and comply with local disclosure laws. Even when using a flat fee MLS listing service, you remain responsible for following these regulations, so understanding them is crucial for a successful sale.
Although it’s not a requirement, considering the hire of a real estate attorney is strongly recommended for FSBO sellers. An attorney can help navigate the complexities of disclosures and contracts, ensuring you avoid potential legal issues that could arise after the sale.
Additional points to remember:
- Flat fee services require payment upfront, unlike traditional agents who receive payment only upon selling your home.
- Some flat-fee MLS services often change their names, which can make it hard to keep track of how reliable they are or how well they perform.
- Listings through these services often include the seller’s contact information, which means you’ll likely handle more communication with potential buyers directly.
- Unlike traditional real estate agents, there may not be a dedicated professional to guide you through the process when using a flat fee listing service.
- While you pay a fixed rate for flat fee services, the commission fees for traditional agents are negotiable, offering potential savings.
Ready to sell your Tennessee home?
Selling a home in Tennessee can feel like taking on a full-time job all on your own.
When you choose a traditional real estate agent, you have a knowledgeable partner dedicated to navigating the complexities of the real estate market and ensuring the sale of your property. Conversely, when you take the FSBO route, you take on many tasks typically managed by an agent, which can be particularly challenging for those with existing commitments and limited real estate knowledge.
Using a flat fee MLS listing service can help lighten the load by offering different levels of support depending on what you need. That said, picking a flat fee service just to save on agent commissions might not always be the smartest move.
While the service may reduce certain costs upfront, you may still need to cover the buyer’s agent commission plus the MLS service fees. Moreover, without a traditional agent’s expertise, the property’s final sale price could be lower. If you’re ready to sell your Tennessee home and seeking professional guidance, HomeLight can connect you with a local agent to navigate the complicated selling process.
Editor’s note: This post is for educational purposes only. Links to and mentions of Tennessee area flat fee MLS companies are not endorsements. Moreover, the program details mentioned above may change. Visit the company’s website for the most up-to-date information.
Header Image Source: (f11photo/DepositPhotos)
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