Traditional Kentucky real estate transactions require sellers to cover the commission costs for both a buyer’s agent and a listing agent. Together, these fees can add up to 6% of the home’s value — which can take a huge chunk of your profit as a seller.
Selling without a realtor cuts the commission fees in half, by avoiding the listing agent’s 3% commission altogether. However, this leaves the seller responsible for all the steps involved in the transaction — including getting their property listed on the Multiple Listing Service (MLS).
Although only agents can post properties on the MLS, a flat fee MLS service makes it possible for homes that are for sale by owner (FSBO) to be included in this database. Since the MLS is the most comprehensive source of information about homes for sale — and it provides the data for popular home search websites — sellers should make sure their properties are included.
If you want to avoid overpaying for realtor fees but still want hands-on support from your agent, we recommend checking out Clever Real Estate. Clever negotiates flat 1.5% listing fees with top Kentucky agents from trusted brands like Keller Williams and RE/MAX. You’ll get guaranteed full service from a great local agent, but pay a fraction of the typical price.
Who are Kentucky flat fee MLS listings best for?
Flat fee MLS listing services are best for home sellers who have lots of experience with real estate transactions and are comfortable selling without a realtor. You’ll need to be confident that you can handle almost every aspect of the sale that a real estate agent would typically take care of.
If you’re determined to list your house “for sale by owner,” it’s worth investing in a basic flat fee MLS listing. This ensures that as many buyers see your listing as possible.
But selling your home without a realtor is a big time and work commitment. You’ll have to handle a lot of tasks, including pricing, listing descriptions, photography, marketing, showings, and negotiations. And remember that even though you won’t pay a traditional listing fee, you’ll still probably be on the hook for the buyer’s agent commission, which typically runs between 2-3%.
The average Kentucky home seller is better off working with a flat fee real estate agent or discount realtor who charges reduced listing fees but still offers the same basic services and support as a typical realtor. You’ll still save thousands of dollars on realtor fees, but you’ll avoid the hassle and frustration of trying to sell by owner.
Top 3 Kentucky flat fee MLS listing companies
If you’re selling a home in Kentucky, these three flat fee MLS companies offer the chance to list your property on the MLS, as well as other services for additional fees. Find out more about what each one offers and decide if they’re the right choice for you.
Top Flat Fee MLS Companies in Kentucky
🥇Steve Long Realty & Auction, LLC: Best for sellers in need of support
🥈Mink Realty: Best for customizing your services
🥉Flat Fee Realty: Best for rock bottom pricing
|Steve Long Realty & Auction, LLC||Mink Realty||Flat Fee Realty|
|Price||$399 at listing + $899 at closing||$499||$199|
|Number of Photos||35 photos + video tour||Up to 40||6-25|
|MLS Listing||6 months||6-12 months||6 months|
Not seeing a local company you like? Check out the best nationwide flat fee MLS companies!
🥇 Steve Long Realty & Auction, LLC: Best for sellers in need of support
Steve Long of Steve Long Realty & Auction, LLC has over 48 years of real estate experience, although there are no recent reviews from his past customers, so it’s difficult to assess his performance. He has quite a few recent sales, however, so his service is certainly worth looking into.
Steve Long Realty & Auction, LLC provides full support throughout the transaction. You’ll also have access to a lockbox and ShowingTime, an app that facilitates automatic scheduling of showings. This enables you to take a more hands-off approach throughout your sale.
Steve Long Realty’s packages
|Flat Fee MLS||$399 at listing + $899 at closing||This package is great for a seller who wants all the support of an agent without paying a seller’s commission. You’ll get professional marketing help like photography and a yard sign, and they’ll help with negotiations and paperwork. Their fees are a little higher than competitors, however, so consider if you need all the bangs and whistles or just need help getting on the MLS.|
Other Considerations about Steve Long Realty & Auction, LLC
- If you sell to an unrepresented buyer, you’ll pay only the $899 fee at closing and no commission, while still having the full support of an agent.
- Once you pay your listing fee and complete the required paperwork, they will approve your listing within 24 hours.
🥈 Mink Realty: Best for customizing your services
Donna Mink of Mink Realty creates listings in Kentucky, Indiana, and Florida, and she personally manages every aspect of your listing from start to finish. With over 17 years of experience in real estate based in Kentucky, your listing will be in expert hands with Donna.
Mink Realty has received numerous five-star reviews from past clients. Home sellers praised her communication skills, as well as her knowledge and responsiveness. Sellers who choose to pay for add-on services, such as help with contract negotiations, will especially appreciate her expertise in the Kentucky real estate market.
Mink Realty’s packages
|Silver||$299||This package will get your listing on the MLS for six months with up to six photos, and not much else. It’s a good bare-bones package for a confident seller, or someone who wants to pick and choose their add-ons, but most would benefit from more support.|
|Gold||$499||Upgrading to this package allows you more photos and help with marketing, such as a Facebook post and an open house ad. You’ll also get a little more help with agent feedback and scheduling showings, but you’ll still have to add on services like professional photos and document signing.|
|Platinum||$999||At this level you have access to an agent via phone, including assistance with negotiations, inspections, repair requests, and closing documents. It’s a comprehensive package aimed at sellers who want a hands-on experience from an agent.|
Other Considerations about Mink Realty
- You will pay a $250 transaction fee at closing regardless of the package you choose, so factor that into the overall cost.
- Unlike most companies, Mink Realty does not include professional photographs in any of their packages; you’ll have to pay an extra $200 or find your own photographer.
🥉 Flat Fee Realty: Best for rock-bottom pricing
Flat Fee Realty offers flat fee MLS services throughout the U.S., including in Kentucky. The service partners with local brokers to list your property for you. You have the option to set the buyer agent’s commission and can cancel your listing at any time.
Flat Fee Realty really is a simple MLS listing service — it’s an affordable option if you’re a savvy seller who only needs access to the MLS. If you’re looking for a little extra advice or marketing help along the way, however, they might not measure up to your expectations.
Flat Fee Realty’s packages
|Kentucky MLS Listing||$249||This is a good plan for basic coverage, but we’d recommend spending $50 to add on more photos, as the base plan only allows six. You get free changes to your listing price and disclosure forms, but otherwise this package doesn’t have much to offer. For the price, you might find better support elsewhere.|
Other Considerations about Flat Fee Realty
- Services are only available in limited areas, including Jefferson, Oldham, Shelby, Spencer, Bullitt, and Henry counties. They offer an option to look up your address to ensure you’re covered by their services prior to buying if you want to double check — which is wise, since they don’t offer refunds.
- Your listing broker may keep 0.1–0.25% of the buyer agent’s commission.
If you’re not sure if FSBO is right for you, or you don’t want to deal with the extra work, there are alternatives to flat fee MLS companies that can still help you save.
Using a discount broker is a great way to save. They give you all the benefits of a licensed real estate agent while saving you money on commission. You’ll still have to pay 2–3% commission to your buyer’s agent, but you’ll only pay your listing agent 1–2%. Depending on the value of your home, this can easily save you thousands of dollars.
Not convinced selling without an agent is right for you? If you want a full-service experience while saving money, check out our friends at Clever Real Estate. Their agent-matching service and 1.5% commission can save you thousands of dollars — and a lot of hassle.
Frequently asked questions about Flat Fee MLS in Kentucky
What is the best flat-fee MLS listing service in Kentucky?
The companies in Kentucky offer a wide range of services and price points, so it comes down to what you need as a seller. For the best overall package, we’d recommend looking into Steve Long Realty & Auction, LLC. With professional photos and a video tour included, plus their local expertise, you’ll likely have an easier time selling your home.
If you’re still not sure exactly how much support you need, check out our complete guide to flat fee MLS services to learn more and decide what you’re comfortable with.
How much do flat fee MLS services cost in Kentucky?
The costs of flat fee MLS services vary by company and the level of service provided, but you can expect to pay anywhere between $249 and $1,290 to list your property in Kentucky. Higher priced packages come with additional services, but they might end up being the same as using a discount company that offers more hands-on support. Compare our list of the best low commission real estate companies near you and see if you can save money while still getting great service.
Are flat fee MLS companies in Kentucky worth it?
If you’re confident that you can navigate the complexities of a sale on your own, then Flat Fee Realty offers the best bang for your buck. If you want more support and services, you might consider Steve Long Realty & Auction, LLC. These two companies vary widely in their price range and services, however, so they might not suit your exact needs or budget.
However, before you choose a flat fee MLS company in Kentucky, consider that most homes sold without an agent often sell for less. This means while you might save on commission, you’ll be losing out in overall profit. Consider using one of the best low commission realtors in Kentucky before you list.
How do I tell if a flat fee MLS company is legit?
Make sure you check a company’s contract to see if there are hidden fees or surprise expenses before you list with a flat fee MLS service. Some will add on fees required at closing, or will charge an additional fee for services that are usually included in the price.
Also, do your research and check their past reviews. If the same complaints show up repeatedly, this could be a red flag that you may have issues with your sale.
Do you need to pay a buyer’s agent commission with a flat fee MLS?
Most Kentucky flat fee MLS services give you the option to decide how much commission to offer a buyer’s agent. While offering less than 3% commission may seem like a good way to save money, it can cost you in the long run. Real estate agents who expect a commission represent most buyers, and they may steer clients to other properties if you offer less than the average fee.
Are seller disclosures required in Kentucky?
Kentucky law requires sellers to complete a Seller Disclosure of Property Conditions form, which includes questions related to 11 separate home systems or features. The seller disclosure form includes:
The form also asks if sellers are aware of any other conditions that are defective in the property. It’s best to be transparent and offer more information to avoid liability issues in Kentucky. Sellers of older homes that were built prior to 1978 are also required to complete a lead paint disclosure, which is a federal mandate.