Sellers who use a real estate agent usually pay them 2.5-3% of the final sale price as a commission. In Ohio, you can save on this listing commission by selling your home For Sale By Owner (FSBO) instead of hiring a real estate agent.
However, one of the biggest obstacles FSBO sellers face is getting on the local Multiple Listing Service (MLS). These are comprehensive databases of properties for sale and being on them is essential for buyers to find your property. MLSes provide information to a number of home search sites and buyers’ agents use them to find homes to show clients.
This is where flat-fee MLS companies come in. They make it possible for FSBO sellers to get their homes on an MLS without a real estate agent — and for significantly less money. Not all these companies are reputable and they vary in levels of service so it is important to research thoroughly before signing with one. Here’s what you need to know about the best flat-fee MLS companies in Ohio.
Don’t feel comfortable selling your house alone? Our friends at Clever can connect you with a full-service agent and save you thousands. Find out more!
|Team Results Realty||Ohio Property Group LLC||Flat Fee Realty|
|Number of Photos||Max allowed||25 to max allowed||6|
|Listing Term||6 months to until sold||6 months to until sold||6 months|
🏅Team Results Realty: Best for inexperienced sellers
Team Results Realty was founded in 2009 and is run by Scott Marvin and Terry Carter, two long-time local real estate professionals. Their past customers emphasize their knowledge and reachability. Having experienced and reliable people to rely on is a major benefit for first-time or inexperienced sellers. All plans include phone and email support for people who need it.
The company offers three flat-fee packages with increasing levels of service. There are no a la carte options, so if you want a single feature from a more expensive tier, you’ll have to pay for the full upgrade.
Team Results Realty’s packages
|Showcase||$299.00||This plan includes the maximum number of photos allowed in the MLS, a six month listing term, unlimited changes, disclosures, and a yard sign. It’s a robust base package and a good value for people who don’t need pricing assistance or closing support.|
|Premium||$699.00||This package adds pricing assistance in the form of a comparative market analysis, open house support, and contract review. Sellers who aren’t familiar with the market will benefit from these added features.|
|Full Service||$999.00 or $299.00 + 1% of final sale price||This package adds closing and negotiation support to the less expensive options. This is a great option for sellers who want support available throughout the process from knowledgeable agents.|
Other consideration about Team Results Realty
- They focus on Central Ohio and may not be available in your area. Contact Team Results Realty to see if they work in your area.
👌 Ohio Property Group LLC: Best for sellers who prioritize pricing assistance
Ohio Property Group LLC is run by a licensed broker named Glen Whitten. Unfortunately, he has no reviews on Realtor.com and only one on Zillow, which is negative. Neither site has any reported sales from him in the last 12 months.
Still, state-wide coverage from a local agent is valuable for sellers. He also offers pricing assistance at the lowest price. Pricing a home correctly helps attract interest from a lot of buyers and their agents. This helps sell homes faster and, if there are multiple bids, for a higher price.
Ohio Property Group’s packages
|Silver||$297.00||This is a good package to consider if you don’t need more than 25 photos and are comfortable doing most things yourself.|
|Gold||$597.00||The Gold package is the cheapest way to get pricing assistance from a flat-fee MLS company in Ohio. If that’s your main priority, this is a great option.|
|Platinum||$997.00||The main feature of this over the Gold package is closing coordination. If that is necessary and Ohio Team Results realty is not available in your area, consider this option.|
Other considerations about Ohio Property Group
- While changes to listings are free, you can pay $20 to expedite them.
⏬ Flat Fee Realty: Best for sellers who want rock-bottom pricing
Flat Fee Realty is a national company, based in Connecticut, that can match you with a local broker in Ohio that will list your home on an MLS. Because they’re referring someone else to work for you, it may create confusion regarding who to contact for what. It also means experiences with the company will be less consistent, making reviews or other testimony hard to rely on.
This is the lowest priced flat-fee MLS company in Ohio, but the price is low for a reason. They guarantee very few services and provide very little information.
Flat Fee Realty’s Package
|Flat Fee||$199.00||Experienced sellers with a property that only needs a handful of photos to shine can get their home listed for a very affordable price.|
Other considerations about Flat Fee Realty
- Flat Fee Realty notes on their website that “most listing broker partners require a minimum of 2% commission offered to buyers agents through the MLS.” They also state that in some states, brokers “will retain .1% to .25% of the buyers brokers commission.”
This means that a buyer’s agent will be netting only 1.75-1.9% as opposed to their expected commission. Paying a buyer’s agent less reduces the incentive they have to bring buyers to your home. This will likely make your property harder to sell.
Alternatives to flat-fee MLS companies in Ohio
Other ways to sell your house without an agent include discount brokers and iBuyers. Discount brokers offer an opportunity to work with an agent for a lower commission, typically between 1% and 2% instead of 2.5% to 3%. The downsides of these arrangements differ with each company, but generally the agents will have more clients than a full-price agent but offer more services than a flat-fee MLS company.
iBuyers, or instant buyers, make cash offers on homes in certain markets. Because you’re selling to a company instead of an individual, you can close fast — sometimes in less than two weeks — and there is a much lower chance of the deal falling through. This convenience comes at a price, often a hefty one. iBuyers offer a conservative market price and charge service fees up to 14%.
If saving money is a priority but you still want professional help, we recommend our friends at Clever Real Estate. Learn more about their agent-matching services and 1% commission (or $3000 fee on homes unders $350,000).
Frequently Asked Questions about Flat-Fee MLS in Ohio
What is the best flat-fee MLS listing service in Ohio?
Ohio Team Results Realty offers more services for similar prices than the competition. Their two-person team of real estate professionals has a lot of local experience and they are well reviewed. However, no company is perfect or right for every seller. Read our complete guide to flat-fee MLS services to learn more.
Are flat-fee MLS companies in Ohio worth it?
Flat-fee MLS companies in Ohio like Ohio Team Results Realty and Ohio Property Group LLC help you advertise your home to buyers, and for additional fees help with things like pricing assistance. But it’s important to know that homes sold without an agent usually sell for less. This means it could be a good idea to work with a 1% agent. Read our guide to low commission companies.
How do I tell if a flat-fee MLS company in Ohio is legit?
The best way to be sure is to closely read the contract. The most common concern is hidden or unexpected fees. Anything you’ll be charged will be outlined in the contract. Once you’ve taken the time to read and understand everything you’ll have to sign, walk away if something doesn’t feel right.
You can also check reviews from their former customers to see if they’ve run into any issues that you’re concerned about. Take negative experiences that other people have had seriously, especially if you see it more than once.
Do you need to pay a buyer’s agent commission with flat-fee MLS?
Sellers are traditionally expected to pay a buyer’s agent commission. This is usually between 2.5% and 3% of the sale price. Listing with a flat-fee MLS service is no different. The only way to avoid it is to find a buyer who has no agent. However, most prospective buyers will have agents, and their agents will have no incentive to show your house if they won’t be paid a commission.
Are seller disclosures required in Ohio?
All sellers in Ohio have to fill out a disclosure form. Sellers, to the best of their knowledge, are required to share certain serious issues with their home. These include:
Issues with mechanical systems
Whether the home is included in the Lake Erie Coastal Erosion Area