Are the MLS my home reviews true? Are they truly a rip-off? They are available nationwide with good coverage. Where are they going wrong? Read on to find out more about their pros, cons, and other alternatives!
What Is MLSmyhome.com?
MLSmyhome.com is primarily a for sale by owner website established in Texas that provides nationwide coverage. Their listing process is quite straightforward, although their website may be challenging for first-time sellers. It provides a seven-day free trial and only accepts payments after it is posted on the MLS. The listing and syndication processes, on the other hand, take at least 5 days.
Their key selling point is most likely their low-cost Flat-fee MLS listing packages. The catch is that to post anything, make modifications, and so on, you must first add services from the ala carte menu. This all adds up over time. You may just as easily list with any other website that charges this fee upfront.
How Does MLS My Home Work?
MLS My Home is simply your listing agent. You will be responsible for managing your own FSBO platform, which they will offer. It can be difficult for a first-time seller. Their prime objective is to list your property and syndicate it to as many websites as possible. Let us give you a quick overview of how their listing process works:
| Select Package » Contact Info » Verification » Property Info » Features » Photos » Final |
- Select Package: Select your location and zip code to move to their pricing page specific to your state. There will be minor pricing changes and yard sign restrictions.
- Savings Calculator: Use this resource to price your home and include buyer agent commissions before you list it on the MLS.
- Pricing: Authorize your card information. As stated earlier, you will not be charged until the listing is done.
- Listing process: Provide any important details that a buyer or realtor will require. Include as many photos as you can in your package. Include photographs of your primary selling point.
- Keeping track of your listing: Once your listing is approved, you will be issued your own FSBO platform that is linked to your account. You will be in charge of your account’s management, pricing, and buyer negotiations.
MLSmyhome.com Locations
One of the main and possibly the only perks of MLSmyhome.com is its nationwide coverage.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Washington, D.C., Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
Is MLSmyhome.com Legit?
Yes. According to many MLS my home reviews, the services they claim to provide are a scam. However, they are registered as a legitimate flat fee MLS listing service.
MLS My Home Flat Fee MLS Listing Pricing Model
MLS My house has a confusing flat fee MLS pricing structure. Their pricing varies by state and includes a seven-day free trial period. Once the listing package is chosen, they simply authorize the amount. You will only be charged once the listing procedure is complete.
These plans come with a dedicated for sale by owner website syndicated to your account. You are entirely in charge of this.
MLS my home has three different pricing options. Let’s get into more detail.
| Price | $84 | $134 | $184 |
| Listing term | 6 months | 6 months | 12 months |
| Listed on MLS, Realtor.com, Trulia, Zillow, Oodle, Propbot, Yahoo, Google, MSN, AOL | Yes | Yes | Yes |
| Photos | 6 | 25 | 45 |
| Number of changes | Unlimited | Unlimited | Unlimited |
| Hidden fee | 0.5% | 0.5% | 0.5% |
| Additional fee | $50 | $50 | $50 |
Beware of Hidden Fees
0.5% hidden fee
Be wary of hidden fees at closing or listing documentation not mentioned upfront. According to many MLS my home reviews, a hidden fee of 0.5% is added to all flat fee packages
Deceptive pricing
MLS my home heavily relies on bait and switch marketing. According to several customers, the flat fee MLS listing charge increases depending on the area chosen, and an additional non-refundable $50 is added to the overall pricing structure with no prior notice.
Savings Calculator
Saving calculators are easy comparing tools that help to simplify finances while buying and selling. Let’s go a little deeper into them, shall we?
For sellers
The savings calculator is an excellent resource for first-time sellers who are unsure how to price their home. You can easily alter multiple commission rates over the FSBO asking price to properly measure savings and compare them to the traditional approach. Enter the asking price and set the commission level to use the calculator. After you’ve decided on a bundle, calculate the payment to see your savings rate.
For Buyers
If you are in the market to buy a home, these mortgage and comparative calculators will be a boon. You can use them for:
- Mortgage Payment Calculator
- Mortgage Payment Calculator with Amortization
- Daily Household Budget Calculator
- Mortgage Qualification Calculator
- Interest Only Calculator
- Rent vs Buy Calculator
MLSmyhome.com Pros and Cons
✅ Pros
| 1. Unlimited changes | You are allowed to make an unlimited number of changes to your listing; valid for all packages. |
| 2. Resources | The savings calculator helps price your home according to varying commission rates |
| 3. No payment until listing | You will not be charged until after the entire listing process is done. They will simply authorize the payment. |
❌ Cons
| 1. Not for first-timers | The entire documentation process, as well as countless repeated paperwork, on a platform that is, to say the least, not user-friendly at all. |
| 2. Hidden charges | An added fee of 0.5% is added during documentation not mentioned upfront. |
| 3. Cannot make changes to photos | Despite the fact that they mention upfront listing, several MLS my house reviews state that you are not permitted to modify photographs or submit videos. |
| 4. Repetitive documentation | After payment, you will be redirected to another website to repeat the entire process again. |
MLSmyhome.com Customer Reviews
MLSmyhome.com has substantial reviews on credible websites like Trustpilot, Google, Yelp, and Zillow.
Customers have mixed reviews about MLSmyhome.com. But several MLSmyhome.com reviews state that many consumers experienced that the MLS coverage area provided was inaccurate and misrepresented the company’s capabilities.
There were other usual complaints in MLSmyhome.com reviews about their poor customer service, delayed refund process, and very slow updating.
MLSmyhome.com Positive Customer Reviews
MLSmyhome.com’s positive reviews talk about their cheap pricing, quick listing, and overall experience with MLSmyhome.com without real estate agents.
MLS my home Negative reviews
Some MLSmyhome.com reviews are conflicting in terms of customer service. The customer support of MLSmyhome.com is rated as helpful by some Trustpilot reviews, while others do not.
MLSmyhome.com Alternatives: How Do They Compare?
Houzeo is an excellent alternative to selling or buying a home. It’s considered America’s #1 For Sale by Owner and Flat Fee MLS platform that makes the home-selling process seamless and easy. MLS my home, on the other hand, is just a listing agent and not even a good one at that!
Houzeo also offers 100% automation with the entire selling process completely digitized while MLS my home has a very complicated documentation process.
Both MLS my home and Houzeo provide numerous pricing packages; however, MLS charges multiple costs that are not disclosed upfront, whereas Houzeo has no hidden, listing, or closing fees and discloses all fees upfront.
Let’s have a look at a few of their other features:
| FEATURE COMPARISON | HOUZEO | MLS My Home |
| Fees | $299 | $295 |
| Hidden fees | None | 0.5% |
| Recommended Buyer Agent Commission | 2.5% | 2.5% to 3.0% |
| Nationwide coverage | ✅ | ✅ |
| 100% online process | ✅ | ❌ |
| Mobile App | ✅ | ❌ |
| Offers sent directly to you | ✅ | ✅ |
| Counter an offer | ✅ | ❌ |
| Request the highest & best offer | ✅ | ❌ |
| Showing management | ✅ | ❌ |
| Expedited listing | ✅ | ❌ |
| Fast listing changes | ✅ | ❌ |
| Buyer property search feature | ✅ | ❌ |
👉 FSBO Websites: Check out our rankings of the best For Sale By Owner Websites in America.
Other Options You Should Consider
1. Sell to iBuyers
iBuyers make an offer on your property within 24-48 hours and can close within 7 days or more. Most iBuyers like Opendoor and Offerpad are also known to offer the Fair Market Value (FMV) for your property.
Selling to an iBuyer has certain significant drawbacks. These include:
- Limited coverage, restricted to metro and urban areas
- Strict eligibility criteria without exceptions
- Non-negotiable offers
- 5% service fee
- 2% – 8% repair costs
⭐ Our Take: We recommend iBuyers if your house meets the iBuyer company’s eligibility criteria.
👉 iBuyer Reviews: Check out rankings, pros, cons & alternatives of top iBuyers in America
2. Sell to “We Buy Homes for Cash” Companies
Unlike iBuyers, “We buy homes for cash” companies help you sell your house as-is fast. They can even close within 7 days or any date you choose. “We buy homes for cash” companies also make cash offers for homes outside metro areas or in difficult-to-sell locations.
Here’s why traditional cash home buyers could be a bad option for you than an iBuyer:
- They make lowball offers and offer only 50% – 70% of market value.
- Their offers are non-negotiable
⭐ Our Take: We recommend selling to a cash home buyer if you are selling a distressed house “as-is” without looking for the best price.
👉 “We Buy Homes for Cash” Companies: Check out America’s biggest cash home buyer companies in 2023
“We Buy Homes for Cash” Companies Near You
Should you risk it?
In a nutshell, no. MLS my home does not have much to back it up, with below-average reviews. There are numerous services to list on MLS that are dependable and provide a lot more for the price. Their lack of management in the listing procedure, lack of transparency in pricing, and lack of convenience also do not help its cause.
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