Arkansas home prices have increased by 15.6% in the past year to reach an average of $162,000. And it’s a hot seller’s market in most of the state. That’s all the reason you need to use technology to sell your home and save at least $21,000 in real estate agent commissions!
» In this guide, we’ll cover:
- Rankings of Arkansas Flat Fee MLS Companies
- How Much Does Flat Fee MLS Listing Cost?
- 7 Best Flat Fee MLS Companies in Arkansas
- Final Word
- Frequently Asked Questions
Rankings: Flat Fee MLS Listing Services in Arkansas
|Flat Fee MLS Service||Price||Hidden Fees||100% Online||Offer Management||Showing Management||5-star Reviews||Mobile App|
|2. Flat Fee Realty Northwest Arkansas||$299||1%||❌||❌||❌||❌||❌|
|3. Small Fee Realty LLC||$750||1%||❌||❌||❌||❌||❌|
|4. Flat Fee Realty||$199||0.10%- 0.25%||❌||❌||❌||❌||❌|
|5. Flat Fee Group||$499||0.75%||❌||❌||❌||❌||❌|
|6. I Sold My House||$399||None||❌||❌||❌||❌||❌|
Real People, Real Stories
How Much Does a Flat Fee MLS Listing Cost?
There are 2 types of costs associated with a Flat Fee MLS Arkansas listing
- Upfront Flat Fee: This is what you’ll pay to get on the MLS. Typically the upfront fee is between $300 to $500.
- Fees at Closing: Typically there’s no fee at closing in Arkansas for a Flat-Fee MLS listing agent, unless you purchase additional services like a “Contract to Close Consulting Package” or select one of the high-service plans.
- Hidden Charges (🚩): Many unscrupulous brokers will reel you in with a $99 listing. Buyer beware – that’s just the start. You’ll be frustrated paying an additional $500+ in hidden fees. A $50 yard sign will be sold you to for $135. Some brokers will charge you hidden fees at closing, but you’ll only find out about these when you’re ready to close. That’s way too late to do anything about it
Reviews: 7 Best Flat Fee MLS Listing Services in Arkansas
Houzeo, an online real estate tech company, provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.
💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.
📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.
⚡ Fast Listing & Changes: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.
⭐ 5-Star Customer Support: Home sellers across America have rated Houzeo 4.9 out of 5 stars on major review sites like Google and Trustpilot. There is comfort in the fact that when you call, there is a live person picking up the phone on the other line.
📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:
- IntelliList Listing Management System: Lets you manage your listing 100% online.
- Houzeo Showings: Manage showing appointments online.
- Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter an offer. In a multiple-offer situation, you can also call for highest and best offers.
- Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
- Houzeo Settlement Agent Platform: Guides you to your closing.
👉 Our Take: Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.
Houzeo Reviews: Houzeo is 100% online. You can finish the listing formalities in less than 60 mins.
- Nationwide coverage
- Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
- Quick listing (within a day with concierge)
- Savings on commissions
- 100% online – easy listing, fast changes, online showings, and online offers
- Mobile app availability
Houzeo is available nationwide.
Introducing the Houzeo Mobile App!
- View your listing
- Manage your showings online
- Review and compare offers
- Counter an offer
- NEW! Buyers can now search your property and save it in “Favorites”
2. Flat Fee Realty Northwest Arkansas
Flat Fee Realty Northwest Arkansas is one of those Flat Fee MLS Arkansas listing services that offer a lot of good services at an affordable flat fee of $299. The fee is low because they only give you the basic necessities and in case you need more services then you can add them on an a-la-carte basis.
However, there are a few advantages of going with Flat Fee Realty Northwest Arkansas but also some drawbacks. They have only 1 package to choose from, and the rest of the services cost extra. Upon request, you can also get a comparative market analysis report, this will help you to price your home right.
Being a local company Flat Fee Realty Northwest Arkansas can help you list your house on local Arkansas MLS as well as other listing websites.
How to Price Your Home For Sale in 6 Steps
- A lot of customization is available, perfect for those home sellers who know precisely which service they should spend on
Flat Fee Realty Northwest Arkansas has a (8 total reviews) on popular review site Google Reviews
Flat Fee Realty Northwest Arkansas covers most of the MLS’ in Arkansas
3. Small Fee Realty LLC
Small Fee Realty, LLC. is a real estate brokerage firm that offers Flat Fee MLS Arkansas listing services to home sellers. If you know how to list on the Arkansas MLS and what are the salient features to sell your house fast, then this Flat Fee Arkansas MLS company is for you. Their Flat Fee MLS Arkansas services are best for sellers who anticipate that their house can sell fast. They claim to help you save 3% on the listing agent commission with their Flat Fee Arkansas MLS packages but they charge a hefty amount of money on additional services.
However, you will have to pay a flat listing fee to your Realtor and a 0.75% seller representation fee at closing. They conduct the entire home selling process online and their listing brokers will avail their services to you throughout the process.
Also, you’ll have to pay $29.99 per month until your home sells, and the full service payment is taken from you at time of closing. So if it takes 3 month to sell your home, you would pay an extra $89.97.
How to List on MLS For Sale By Owner in 2022 (with Video!)
- The entire home selling process is done online
Small Fee Realty has a (40 total reviews) on popular review site Zillow
Flat Fee Realty Northwest Arkansas covers most of the MLS’ in Arkansas
4. Flat Fee Realty
If a cheap plan is your priority, then Flat Fee Realty is a good option but there are things that you should know before you choose to list with them. Before you choose any company you should at least have some idea about how to sell a house by the owner so as you understand the basic parameters required from the company.
They offer only one Flat Fee MLS Arkansas listing package that is pegged at $199 and allows only 6 photos to be uploaded. If you want to upload more photos then you have to pay an additional $50. Not only do they offer a single MLS Arkansas package but also their package does not have a la carte options to choose from. You need to sell your home ONLY with the services they provide, not with which you want.
Not just this, their listing broker will retain 0.1% to 0.25% of the buyer’s broker commission for reasons not explicitly disclosed on their website. This is a hidden fee that they take from the home sellers.
How to Sell a House By Owner
- Unlimited listing changes
We could not find enough credible reviews of Flat Fee Realty to produce a rating.
Flat Fee Realty covers only major MLS’ in Arkansas
5. Flat Fee Group
Flat Fee Group is a Flat Fee MLS Arkansas listing service that offers flat fee packages as well as a full-service packages. Their Flat Fee MLS Arkansas packages range from $299 to $499, and their Full-Service package will cost you $299, with a 0.75% “convenience fee” at closing.
If you choose Houzeo’s Virtual Full-Service Package, you will only be paying $249, no matter what the value of your home is!
They do not have any hidden fees but they are low on technology and that’s why some of your work might be done manually and would take a lot of time.
How Much Are Closing Costs for Seller?
- No hidden fees
No credible flat fee service reviews available.
Covers most of Arkansas
6. I Sold My House
I Sold My House is a Flat Fee MLS Arkansas listing service that offers flat-fee packages ranging from $299 to $399. With their packages, you can schedule open houses without any additional fees. The Flat Fee MLS Arkansas Listing period is for 6 months for both packages mentioned on their website. The only difference between their basic and standard process is the number of photos to attach while listing.
You can also sell by the owner if you wish to with this flat fee MLS Arkansas company. One of the better features that they have is that they directly forward all the buyer leads to you i.e., the home seller. You can also pay $50/month to feature your listing on their homepage and sidebar, this will give your home added exposure and might lead to quick sales.
These packages are quite stringent and do not allow a lot of customization, and not a lot of a la carte options are available. So you will have to stick with their pre-existing services mentioned in each package.
Real Estate Photography: Creating Your Best Listing Photos
- You save the listing agent commission
I Sold My House has a (63 total reviews) on Google Reviews
Covers major MLS’ in Arkansas
FSBO is a Flat Fee MLS Arkansas listing service that allows you to list on their website for a meager $99, however, the listing package ONLY lists your home on their website as an FSBO, if you want to list on Arkansas MLS and want more services then you have to go with their $399 package.
They do not provide a lot of à la carte options, and they do not provide you with a real estate attorney or real estate photographer, not even on à la carte basis. You have to pay separately for yard signs, open house postings, brochures, and other FSBO-related items as they are neither included in the package or available on à la carte basis.
Best Low Commission Real Estate Companies
- You can upload 1 video in the basic $99 package
FSBO has a (911 total reviews) on popular review site TrustPilot
Covers major MLSs in Arkansas
Flat Fee MLS Listing Services: Read This Before You List
Listing your home with a Flat Fee MLS service saves you thousands of dollars on real estate commission. Because you are not listing with a traditional listing agent, you won’t have to pay their 3% commission.
You can list on your local MLS with Flat Fee MLS listing services. This way, you will also be in control of your sale.
👉 Flat Fee MLS: Check out our rankings for the best Flat Fee MLS Listing Services in 2022
What is flat fee MLS?
The MLS or Multiple Listing Service is an online database or marketplace of houses available for sale. This gives your property maximum exposure, which in turn increases the chances of sale. The MLS is operated and managed by state-licensed real estate agents and affiliate professionals and only they can access the portal to list homes, browse for properties, or procure data. However, if you go through typical real estate companies in Virginia to sell a house, you have to pay high commission fees.
On the other hand, a Flat Fee MLS listing service, is an MLS entry-only service that lists your home on the local MLS for a pre-set amount through a flat rate realtor or fixed fee real estate agents. This way, you retain all the rights to sell your home as an FSBO, and can otherwise, enjoy other real estate services (with the help of a flat fee real estate broker) depending on the chosen package. You can find the best services by searching flat rate realtors near me or flat fee real estate brokers near me and can buy a flat fee listing package that suits you the most.
How Does Flat Fee MLS Listing Work?
Once you decide to list your home on the MLS through a low cost real estate listing company and choose one of the packages offered by them. After receiving all the required details of your house, the fixed fee listing agent will make your listing live on the flat fee MLS Virginia and other real estate websites. Subsequently, the buyer agents will be able to view your property on the MLS and recommend it to prospective buyers.
Alternatives to Flat Fee MLS Companies in Arkansas
As we talked about some of the best flat fee Arkansas MLS companies, we should also tell you that some of flat-fee MLS companies are quite notorious for marketing gimmicks and predatory practices like free listing on the Arkansas MLS and then charging you a percentage at the time of closing. They might also slap some hidden charges on you and make you pay you thousands of dollars when you only expected to pay hundreds of dollars.
But the companies that we mentioned above are all reliable and a trusted real estate brands among home sellers and that’s why you should not worry about any malpractices from the aforementioned companies.
However, if you still have unresolved concerns about flat fee MLS Arkansas companies then we suggest you to go with these options:
Discounts brokers are those brokers – can be companies or individuals – who work at a discounted fee or a flat fee, instead of a 2%-3% standard listing agent commission. Their fee can be as little as 1%. However, do remember this, you still have to pay the buyer’s agent commission of 2%-3%.
Selling without an MLS listing
This alternative is suggested only when you have a buyer ready to buy your house. If you have a buyer lined up then you don’t need to pay a flat-fee or hire an agent or a discount broker for your home sale.
If you don’t have a buyer and you go with not listing on the Arkansas MLS then you are potentially losing out on 88% of the buyers who are buying through an agent, and agents #1 way of finding a fantastic home for their clients is… you guessed it right, it is the Multiple Listing Service, the MLS. You don’t want to keep your property on the Arkansas MLS’ without any buyer offers, do you?
If you don’t use an Arkansas MLS then you can only rely on social media marketing and sites like Facebook Marketplace and Craigslist, or worse… your yard sign.
iBuyers are companies that will buy your home for cash outright. The price is decided with the help of their proprietary algorithm, recent real estate data, and their in-house experts. An iBuyer can offer and close the deal within 24 hours, however, there are certain pitfalls when dealing with an iBuyer.
- Their offer price is sometimes way lower than the actual market price
- Their offer price is often non-negotiable
- They charge steep service fees – generally 5%-14% of the purchase price
Hence, iBuyers are only recommended if you want a quick sale rather than save your money.
Some property owners may find that companies buying houses for cash are a good alternative. They are a good option as they come with a slew of advantages like easy closing process, no requirement to pass inspections, no need for open houses and you won’t even have to take the efforts to clean and repair your house. Whether you’re a real estate investor or just a regular home seller, selling an a home that requires a lot of work can be a hassle. Most of the retail buyers will be unable to acquire your home if it is unsightly or requires extensive modifications. Here’s when cash companies can help you.
However, the primary drawback of selling to a cash home buyer is that you might miss out on the open market competition, which you will only see if you list through a Flat Fee Realtor. There are also chances that you might end up selling your house at a lower price than expected.
Frequently Asked Questions About Flat Fee MLS Companies in Arkansas
What is the best Flat Fee MLS company in Arkansas?
Houzeo is far and away the #1 Flat Fee MLS site in Arkansas. Flat Fee Realty Northwest Arkansas and Small Fee Realty,LLC are a distant #2 and #3.
Is Flat Fee MLS legal in Arkansas?
Flat Fee MLS is legal all over the United States, including in Arkansas. In fact, the US DOJ just updated their bulletin highlighting the benefits of Flat Fee MLS for For Sale By Owner home sellers.
How long will it take for my MLS listing to go live?
Typical stipulated time to list is 2 business days after you’ve completed all your tasks accurately and the broker doesn’t have any questions for you. But for most MLS’ in Arkansas, your listing can be up in 4 to 8 business hours (Central Time).
To avail of this expedited listing, email email@example.com with the subject line “Please Expedite My Listing: “. Do this only after you’ve complete all the tasks your broker has assigned to you. Make sure all sellers have signed the required documents.
Note that listings can be expedited in most major MLS’ but not all MLS’ are covered under this policy. Call us at (844) 448-0047 if you have questions about whether your MLS is covered.
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