7 Flat Fee MLS Companies in Tulsa

What is a flat fee MLS listing service in Tulsa?

A flat fee MLS service is designed for FSBO home sellers, allowing them to list their property on the local multiple listing service (MLS) without needing a traditional real estate agent. The MLS is a comprehensive database used by real estate professionals to share information about available properties, which helps buyers’ agents find homes that meet their clients’ needs.

By using a flat fee MLS service, FSBO sellers can list their homes on the MLS, gaining the same exposure as listings managed by real estate agents. This service allows homeowners to maximize their property’s visibility while avoiding the high costs of traditional agent commissions.

How much does a flat fee MLS service in Tulsa cost?

Fees for flat fee MLS services in Tulsa can vary widely, ranging from as low as $100 to several thousand dollars. The cost depends on the company and the level of service provided, with more expensive plans often including additional features and support.

For example, higher-tier plans may offer services such as a comparative market analysis, which helps determine a competitive listing price. Next, we’ll highlight some flat fee MLS companies available to Tulsa home sellers.

Flat fee MLS listing companies in Tulsa

Disclaimer: Individual program details can change — please visit a provider’s website for the most current information on rate packages, fees, service areas, and more. HomeLight always recommends doing your own research to determine which selling option is best for your situation.

How would a Tulsa seller benefit from a flat fee MLS service?

Using a flat fee MLS service can offer several benefits to Tulsa home sellers:

1. Save on real estate commission: Typically, listing agents charge 2.5% to 3% of the sale price. With a flat fee MLS, you pay a fixed rate and avoid the listing agent’s commission, though you’ll still need to pay the buyer’s agent.
2. Increased exposure: Listing on the MLS gives your property significant visibility among buyers and agents, potentially leading to multiple offers and competitive bidding.
3. Greater control: If you prefer to be involved in every aspect of your home sale, a flat fee MLS allows you to manage the process yourself without relying on a listing agent.

Benefits include:

• Reduced listing agent commission
• Control over the sale process
• High visibility through MLS exposure

It should be noted, however, that on March 15, 2024, the National Association of Realtors (NAR) announced a landmark lawsuit settlement that will change the way real estate agent commissions are handled in the future. These changes will “decouple” seller and buyer agent compensation. Industry experts predict this decoupling will likely lower agent fees and allow buyers to negotiate commission amounts directly. Learn more.

Pros and cons of using a flat fee MLS listing service

Pros:

• Eliminate the listing agent commission (2.5%-3%)
• Represent yourself in your home sale
• Control all aspects of the sale from start to finish
• Pay known costs for the listing service upfront
• Get your home listed on the MLS and third-party websites
• Helps expand your exposure to traditional buyers and their agents

Cons:

• You must offer a commission to the buyer’s agent
• Handle any issues that may delay or kill the deal on your own
• Navigate the process without the guidance of a local expert
• Exposure to liability claims and other legal risks
• Potentially lower sale price compared to using a traditional agent

How do I list my home with a flat fee MLS service?

Once you’ve decided to list your home with a flat fee MLS service, follow these steps to get your FSBO home on the MLS:

1. Vet the flat fee MLS service: Research local services, packages, and rates. Check Google reviews and the Better Business Bureau.
2. Register and select a plan: Sign up on the company’s website, choose a package, and pay the upfront fee.
3. Enter your property information: Describe your property and upload photos. Complete any available disclosure forms.
4. Read and sign your listing agreement: Ensure you understand the terms, including cancellation policies and commission details.
5. Review your live listing: Once it’s published on the MLS and other real estate sites, confirm that your listing is accurate and complete.

Are flat fee MLS listings effective in Tulsa?

Flat fee MLS listings can be highly effective in Tulsa. Most homebuyers use the internet to search for homes, and these online tools rely on local MLS databases for up-to-date listings. By listing your home on the MLS, you gain significant exposure to potential buyers and their agents.

Alternatives to flat fee MLS services in Tulsa:

If a flat fee MLS service isn’t the right fit for you, consider these alternatives:

1. Flat fee agent: Offers limited services for a flat rate, typically ranging from $3,000 to $5,000.
2. Discount brokers: Charge a reduced commission and provide some basic services. You’ll still pay the full buyer’s agent commission.
3. Full-service agent: Provides comprehensive services and leverages local market knowledge to sell your home faster and for a better price.

Will I save money with a flat fee MLS listing service?

Though you may save on commission fees, FSBO homes tend to sell for less. According to the National Association of Realtors, FSBO homes sold for about 23% less than those sold by agents. The median FSBO sale price was just over $300,000, compared to over $400,000 for agent-sold homes.

While a flat fee MLS can save on commissions, consider the potential overall profit before deciding.

What if I need to sell my Tulsa home fast?

If you need to sell quickly, consider working with a We Buy Houses company or an iBuyer. These companies can purchase your home in almost any condition, often within days. However, they typically offer less than market value.

HomeLight’s Simple Sale can also expedite the process or connect you with a local agent to explore more options.

What else should I know about selling a house in Tulsa?

Comply with local disclosure laws while using flat-fee MLS services. Although not mandatory, hiring a real estate attorney can help navigate complex disclosures and contracts, preventing costly legal issues.

Key points to remember:

• Flat fee services are paid upfront, regardless of sale.
• Service names may change, complicating tracking success.
• The seller’s contact info may be included in the listing, increasing communication responsibilities.
• There is no dedicated support, unlike with traditional agents.
• Traditional agent fees can be negotiated.

Ready to sell your Tulsa home?

Selling a house can feel like a full-time job. With a traditional agent, you gain a knowledgeable partner. FSBO sellers must manage tasks typically handled by an agent. A flat fee MLS service can help, but be prepared for additional responsibilities.

Key points:

• Understand the costs and benefits of flat fee MLS services.
• Consider potential savings and exposure.
• Be aware of the responsibilities and potential legal risks.

HomeLight can connect you with a local agent to simplify the process and maximize your sale price.

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