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8 min read Jan 29, 2024

Homecoin Reviews: Is the $95 Listing Worth the Hype?

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Homecoin helps you list your property on the MLS for a flat fee. They are known for their $95 plan. However, for crucial additional services you have to pay additional fees.

Editor’s Rating

4.7

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Pros

  • Listings automated in 24 hours
  • Flexible cancellation policy
  • Good market exposure

Cons

  • Expensive add-ons
  • Limited coverage
  • Outdated tech platform

Homecoin is a Flat Fee MLS company. They help you list on the MLS at a single upfront fee. Homecoin is popular for its $95 listing.

The $95 plan does not include services like professional photography or open houses. Additionally, the add-on services are expensive. Moreover, these services are available in selected states.

Homecoin’s technology is not up to par with the current industry standards. You will lack the ability to review and compare offers, counter an offer, or auto-fill for listing data on their platform.

    ✍️ Editor’s Take: For most home sellers, we recommend Houzeo over Homecoin. Houzeo’s prices are slightly higher at $399 but their services are comprehensive. You will also get access to Houzeo’s stellar technology and a mobile app. Compare Homecoin vs. Houzeo.

Is Homecoin Legit?

Yes. Homecoin is a legitimate Flat Fee MLS company headquartered in San Diego, CA. Jon Minerick is a real estate broker and founder of Homecoin. He envisioned a platform that helps sellers and buyers save money.

As a brokerage, Homecoin holds licenses in all 22 states they cover. Their coverage is extensive but not nationwide.

How Does Homecoin Work?

Here is the process to list your property with Homecoin:

  1. Sign Up: Register as an FSBO home seller by clicking the ‘Sign Up’ button on Homecoin.com.
  2. Select Plan: Choose the services you require, whether you are a seller, buyer, or landlord.
  3. Enter Address: Fill in your personal and property details to proceed with the listing process.
  4. Choose Add-Ons: After giving the details, the next page contains the add-on services available in your state. So customize your plan as required per your needs.
  5. Make Payment: Pay the total fee, which includes the flat fee and the cost of the chosen add-on services.

Once you complete this process, Homecoin will list your home on the MLS. You can download the required forms and documentation from their portal.

Homecoin Coverage

Homecoin’s coverage is in 22 states only.

Services/Packages

» Jump to: Flat Fee MLS Listing | Additional Services

Homecoin has one flat fee listing package. They offer all other services à la carte. While these might allow you to customize your plans, some of these services come at a hefty price.

Flat Fee MLS Listing – $95

👍 What We Like👎 What We Don't Like
✅ 1 year MLS listing❌ No showings platform
✅ 25+ photos❌ No yard sign
✅ Free disclosures forms❌ More than 10 changes cost $5 each
✅ Comparable sales report❌ No platform to compare and counter offers
✅ Open house kit
✅ FSBO listing

👉 Our Take: Homecoin is a good option if you are looking to just list your property on the MLS. It is not recommended for first-time sellers who might need more assistance.

Additional Services

They offer many add-on services. You can choose the services you want along with your listing.

However, these add-ons are not available in all the states they cover. It depends on availability and location.

Add-OnsPrice
Supra Lockbox$125
Pro Photography Varies
Sign Post Rental$99+
Forms Help (Standard Seller)$400-$450
Forms Help (Premium Seller)$2999-$3000
    🚩 When Free Services Cost You Money: You only get 3 free entry reports with the lockbox. Each additional report costs $5.

Homecoin Reviews

Homecoin has a 4.7 out of 5-star rating on Google based on 62 reviews. They have also received a 4.8-star rating on Yelp, based on 106 reviews.

Homecoin.com Reviews: Positive Customer Reviews

✅ Joseph was happy with the professional service and quick listing process.

Joseph HooverUSASubmitted 2023

Homecoin delivered on the MLS package and they professionally vetted my listing indicating things that needed correction or verification. Interface for entering info is not hard to use and guides you through the process. Impressed.

Source: Google

✅ Federico appreciated the prompt customer support and commission-saving package.

Federico MarkowiczUSASubmitted 2023

Excellent experience. Saved a lot of money in commissions. Easy to use, great customer support for questions.

Source: Google

Homecoin.com Reviews: Customer Complaints

❌ Jeff highlighted Homecoin’s seemingly inefficient customer service. He was unhappy with having received a response on Google instead of his actual request.

JeffUSASubmitted 2021

When you call in they say to text or email for support. I’ve sent 20 texts without any reply. I told them not to list home and they did anyways. Had been texting yesterday and all day this morning and no reply as of 11am. They did however manage to charge and approve order this AM around 1030am. LOL, your phone number says FOR HELP to text!

Source: Google

❌ John focused on how this service needed the seller to have prior experience with listing forms. Additionally, he also mentioned the need for a realtor to look over the property’s listing to check for possible errors.

John StimmerUSASubmitted 2020

This Flat Fee service expects all listing details filled out properly from the start and doesn’t offer any resources to explain some of the more complex setup form questions. Without a realtor checking it, homeowners can’t check certain aspects of homecoin’s work and major listing issues (missing open house dates, improper MLS regional filling, etc.. can go unnoticed.

Source: Google

Pros and Cons

Let’s evaluate the pros and cons to see if Homecoin is the ideal choice for you.

👍 Pros

  • Upfront Fee: Homecoin gives you access to the MLS for $95. So, you save money on agent commissions which are 2.5% to 3% of the home sales price.
  • Digital Automation: The listing documents can be filled out online on their website.
  • Quick Listing: Homecoin can list your house within 24 hours from the time you submit your property details.
  • Free Cancellation: You can cancel your Homecoin listing without any additional charges or hidden costs.
  • Market Exposure: Your MLS listing gets syndicated to websites like Zillow, Trulia, Redfin, Realtor.com, etc.

👎 Cons

  • Overpriced Add-ons: Homecoin’s à la carte services come at a hefty price. Other companies offer services like the yard sign and the lockbox for much less.
  • Limited Number of Listing Changes: Homecoin provides only 10 MLS listing changes. Every additional change costs $5. This may be inadequate, especially if your home has been on the MLS for a long time.
  • Limited Coverage: Homecoin is present only in 22 states in America. So, home sellers living outside their coverage area cannot avail of their services.
  • No Direct Buyers Contact: Homecoin doesn’t allow buyers to make offers on the properties listed on their website. So, sellers have to rely on the buyers that agents bring in.
  • Lack of Critical Services: Homecoin uses agent lockboxes to manage showings. This has a security risk and is inefficient.

Homecoin Competitors

» Jump to: Homecoin vs. Houzeo | Homecoin vs. Flat Fee Group | Homecoin vs. Beycome

1. Homecoin vs. Houzeo

Houzeo’s packages include key services like open houses and house showings. Houzeo is designed in such a way that you do not have to purchase any add-ons.

Plus, Houzeo’s web technology and mobile app will make your listing and sale a pleasant experience!

HomecoinHouzeo
Listing Fee$95 + Overpriced
Add-on Services
$399 Flat Fee
Customer Rating4.7 stars (62 reviews)4.9 stars (7,000+ reviews)
Coverage22 states47 states + Washington D.C.
Unlimited Listing Changes
Showings Management
Offer Management
Counter an Offer
Request Highest and Best Offer
Home Inspection Dashboard
Leads Dashboard

2. Homecoin vs. Flat Fee Group

Flat Fee Group is a network of licensed brokers working in 48 states and Washington D.C. You can list with them no matter where you live.

However, your experience will depend on the broker that serves your state. So be sure to check their customer reviews before listing with the Flat Fee Group. In most states though, Flat Fee Group is more expensive than Homecoin.

3. Homecoin vs. Beycome

Beycome‘s technology allows you to complete the entire listing process 100% online. Further, you get free access to all legal forms and disclosures without any additional costs.

Their customer support can provide you with expert assistance on all 7 days of the week in English and Spanish.

Best Flat Fee Companies Near You

If you reside outside Homecoin’s coverage area, here are the top Flat Fee companies that serve your state.

RegionStates/CitiesStates
NortheastStates Connecticut | Maine | Massachusetts | New Hampshire | New Jersey | New York | Pennsylvania | Rhode Island | Vermont
NortheastCities Boston, MA | Long Island, NY | Rochester, NY | Syracuse, NY | Pittsburgh, PA
MidwestStatesIllinois | Indiana | Iowa | Kansas | Michigan | Minnesota | Missouri | Nebraska | North Dakota | Ohio | South Dakota | Wisconsin
MidwestCities Chicago, IL | Peoria, IL | Indianapolis, IN | Kansas City, KS | Grand Rapids, MI | Minneapolis, MN | Kansas City, MO | St. Louis, MO | Cleveland, OH | Cincinnati, OH | Appleton, WI | Milwaukee, WI | Madison, WI
SouthStates Alabama | Arkansas | Delaware | Florida | Georgia | Kentucky | Louisiana | Maryland | Mississippi | North Carolina | Oklahoma | South Carolina | Tennessee | Texas | Virginia | Washington D.C. | West Virginia
SouthCities Birmingham, AL | Huntsville, AL | Jacksonville, FL | Miami, FL | Naples, FL | Tampa, FL | Palm Beach, FL | Atlanta, GA | Louisville, KY | Charlotte, NC | Greensboro, NC | Raleigh, NC | Wilmington, NC | Asheville, NC | Oklahoma City, OK | Tulsa, OK | Greenville, SC | Columbia, SC | Charleston, SC | Knoxville, TN | Austin, TX | Dallas, TX | El Paso, TX | Houston, TX | San Antonio, TX | Fort Worth, TX | Richmond, VA | Hampton Roads, VA | Ashland, KY | Lexington, KY
WestStates Alaska | Arizona | California | Colorado | Hawaii | Idaho | Montana | Nevada | New Mexico | Oregon | Utah | Washington | Wyoming
WestCitiesSeattle, WA | Phoenix, AZ | Los Angeles, CA | Bakersfield, CA | Denver, CO | Colorado Springs, CO | Las Vegas, NV | Albuquerque, NM

Other Options You Should Consider

  • Sell to an iBuyer: iBuyers purchase homes needing minimal repairs in as-is condition. They can be a great option if you want to sell your house fast.
  • Sell to Cash Home Buyers: Individual cash home buyers make all-cash offers, usually within 24 to 48 hours. They also let you skip listing on the MLS.
  • Sell For Sale By Owner: For Sale By Owner websites help you list and sell a house yourself, saving thousands in agent commissions. Many FSBO websites will also help you with the paperwork.

Should You Sell Your House with Homecoin?

While Homecoin’s $95 flat fee is definitely attractive, additional features come with a hefty price point. Further, Homecoin’s limited coverage may make it difficult for many Americans to benefit from their MLS package.

Houzeo is the best For Sale By Owner MLS listing service. It is an ideal option for sellers who need guidance throughout their real estate transactions.

Houzeo’s Silver Package is comprehensive and affordable, making your home-selling experience a breeze!

» Houzeo Reviews: Check out why more than 7000+ home sellers have rated Houzeo 4.9 stars out of 5.

📞 Need Help? Schedule a FREE Consultation


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Frequently Asked Questions

What does the Homecoin flat fee access package include?

Homecoin offers a $95 flat fee package that includes, 1 year listing, 25 photos and free disclosure forms. Apart from this, if you wish to purchase any service you have to pay an additional charge. Learn more about Homecoin's optional add-ons.

What are the major Homecoin.com complaints?

Homecoin's complaints mostly focus on inconsistent customer service and the need for prior experience when filling up listing forms. Further, these complaints also highlight the importance of a realtor looking over the listing to eliminate possible errors.

Can you list on the MLS yourself?

Yes, you can list on the MLS For Sale by Owner. You don’t need an agent to do this. Flat Fee MLS companies like Houzeo will help you list on the MLS at a flat rate.

Is Flat Fee MLS worth it?

Yes, definitely. Flat Fee MLS services like Houzeo and Homecoin will not only make the For Sale By Owner (FSBO) process easier for you but will also save you thousands of dollars otherwise spent as a listing commission.

Does it cost to list on the MLS?

Yes, it does cost to list your property on the MLS. However, you can buy a Flat Fee MLS access package and list your home on the local MLS. Houzeo even syndicates your listing to websites like Zillow, Redfin, Trulia, etc., for an upfront, affordable price.

Flat Fee Listing Services Near Me

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