✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
If you’re selling your house in Minnesota, you need to list it on the MLS. The MLS is the most powerful tool to sell and buy homes in Minnesota.
Only real estate agents have access to the MLS. But as a home seller, you don’t have to pay thousands in listing commission to an agent to list and sell your home. There are 4 options how you can list on MLS:
- List Yourself via a FSBO Website (Most Recommended): Some of the best FSBO sites will let you list and sell your home yourself. And in doing so, you’ll save thousands in commission!
- List on a Flat Fee MLS Service: A Flat Fee MLS service will get you on the MLS for a flat fee, with no listing commission.
- List with a Discount Broker: Discount Brokers charge anywhere from 0.5% to 2% in commission. Here’s our ranking of America’s best discount real estate brokers.
- List with a Traditional Agent (Least Recommended): A traditional real estate agent will charge you a full 2.5% to 3% commission. Plus they can be old school, with manual and inefficient processes.
Home prices in Minnesota are rising but are expected to reduce further as the year progresses. So, if you want to sell your house in Minnesota, now is the time!
MLS is Key for Sellers 💯
- Most homes in the Minnesota sell via the MLS. The MLS gives you unparalleled exposure to both buyer agents and buyers.
- Homes on MLS sold for 17% more than non-MLS listed homes, according to a Bright MLS study. MLS homes also sold faster.
- MLS listings get syndicated to Zillow, Trulia, Realtor.com, Redfin, and hundreds of other websites giving your property critical exposure.
- There are 600+ MLS’ in the U.S. It is critical you list on your local MLS. This ensures your listing is viewable to your local buyer agents.
What is the MLS in Real Estate?
Multiple Listing Service (MLS) is a database that enables real estate agents and brokers to list and view homes for sale. An MLS listing includes all the information about your property, such as its price, description, and photos.
The homes listed on MLS are syndicated to various online real estate websites. This amplifies the exposure your property gets.
Only licensed real estate agents have access to the MLS. Consequently, only real estate agents can create MLS listings.
» List with Houzeo in Minnesota: List on MLS by owner with Houzeo.com without a real estate agent license.
Benefits of Listing a Home on MLS
Listed below are some of the benefits of listing on the MLS in Minnesota:
- Get Maximum Exposure: When you list on MLS, your listing gets syndicated to hundreds of real estate websites such as Zillow, Trulia, Redfin, and Realtor.com. This boosts your property’s visibility to potential buyers.
- Market to Buyer Agents: According to NAR, 86% of home buyers purchased their homes through a buyer agent last year. Listing on MLS is the most effective way to market your property to potential buyers.
- Incentivize the Buyer Agent: As mentioned above, buyer agents are involved in most real estate transactions. The MLS allows you to incentivize buyer agents with a competitive commission.
- You Can Sell Faster: Homes listed on MLS are sold 17% faster than those that were not listed on MLS.
What is a Flat Fee MLS listing?
A flat fee MLS listing service will list your house on the Minnesota MLS at a flat rate. Unlike hiring RE agents, you can skip paying a hefty sum as a commission with a flat fee MLS service.
There are two types of flat fee services:
- MLS Entry-Only Services: They only list your home on Minnesota MLS for you. Some might also syndicate it to other websites like Zillow and Trulia.
- MLS Packages: They provide additional services, besides listing on the MLS, like photography, yard signs, and showings.
Rankings: 5 Best Flat Fee MLS Services to List on MLS Yourself in Minnesota:
| Flat Fee MLS Service | Price | Hidden Fees | 100% Online | Offer Management | Showing Management | 5-star Reviews | Mobile App |
|---|---|---|---|---|---|---|---|
| 1. Houzeo | $229-$399 | None | ✅ | ✅ | ✅ | ✅ | ✅ |
| 2. Savvy Avenue, LLC | $495 | None | ⛔ | ⛔ | ⛔ | ⛔ | ⛔ |
| 3. Beycome | $99 | $25 | ⛔ | ⛔ | ⛔ | ⛔ | ⛔ |
| 4. I sold My House | $399 | None | ⛔ | ⛔ | ⛔ | ⛔ | ⛔ |
| 5. 123 Flat Fee Minnesota | $399-$599 | None | ⛔ | ⛔ | ⛔ | ⛔ | ⛔ |
Reviews: 5 Best Flat Fee MLS Companies in Minnesota
1. Houzeo
4.9/5
(5,465 reviews)
Queen's Take
Houzeo offers the best combination of maximum savings, advanced technology, 5-star customer support, and listing exposure.
Houzeo offers 4 comprehensive Flat Fee MLS listing plans.
- Bronze – $379+: In this basic plan, you get a 6-month listing term with 24 photos. You get unlimited listing changes and open houses.
- Silver – $399+: In the silver plan, you can list 24 photos for 6 months. You also get a yard sign and unlimited listing changes.
- Gold – $379+: Gold is Houzeo’s signature MLS package with tech features like Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum – $349+: This is the ultimate flat fee plan with a 1-year listing term and virtual full-service from a licensed broker.
👉 Houzeo Reviews: Find out why Houzeo is America’s #1 MLS listing service!
Houzeo has the best tech available for a Flat Fee MLS platform. Check out Houzeo Reviews.
- Maximum Savings: With Houzeo you save at least 3% on listing agent commission. All fees are disclosed upfront, so there are no Houzeo hidden fees.
- Advanced Tech: Houzeo’s tech is stellar. You get an intuitive seller’s dashboard, free mobile app, and 100% online paperwork.
- Maximum Exposure: Your home is listed on 100+ real estate websites like Zillow and Trulia. This ensures maximum eyeballs on your property.
- Nationwide Coverage: Houzeo covers 47 states and DC.
👉 Houzeo Customer Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 5,000+ home sellers on Google reviews and Trustpilot.
In our research, we found no major red flags with Houzeo. Customers have consistently given positive reviews about their experience.
» Houzeo Complaints: Find out what sellers said about Houzeo.
Houzeo is rated 4.9 out of 5 stars by 5,000+ customers on Google and Trustpilot.
» Houzeo Reviews: Over 5,000 home sellers have rated Houzeo as “Excellent.”
2. Savvy Avenue, LLC
5/5
(4 reviews)
Queen's Take
Savvy Avenue covers all major MLS’ in Minnesota. Please note that the company does not provide any à la carte services. This may compel you to buy costlier packages with services that you don’t require.
Savvy Avenue offers 3 Flat Fee plans for FSBO sellers.
- Basic Package – $199: This plan includes a listing term of 6 months with 6 photos. You can make unlimited changes to your listing. Buyer inquiries are forwarded to you.
- Extended Package – $399: This includes all services from the Basic package plus 25 photos. You also get a ShowingTime appointment, seller’s property disclosure statement forms, 24*7 listing management, and a virtual tour.
- Premium Package – $499: This plan has all services from the Extended package. You also get a listing term of 12 months with max photos and social media marketing tools.
Minnesota sellers looking for local expertise can opt for Savvy Avenue.
- Local Broker: Moe Mossa is the Managing Broker and has over 17 years of experience in Minnesota. FSBO sellers looking for local market expertise are in good hands with Moe.
- Market Analysis Report: A market analysis report is based on recently sold listings in your local area. It can help you price your house competitively. This improves your chances of cracking the best deal.
👉 Moe Mossa: Check out Moe’s vendor page on Houzeo!
In our research, we found no red flags with Savvy Avenue. Moe Mossa has built a stellar reputation within the broker community and knows the Minnesota area well. However, we recommend you analyze Savvy Avenue plans carefully before selecting as you cannot customize later.
We recommend the Premium Plan priced at $499 for most experienced FSBO sellers. It includes everything you need for a quick and easy listing. However, if you are looking for a cheaper basic plan opt for Houzeo’s Bronze plan.
3. Beycome
4.5/5
(558 reviews)
Queen's Take
Beycome has a user-friendly interface and cost-saving potential. However, their customer reviews paint a mixed picture, with both positive and negative experiences.
Beycome offers 3 FSBO packages. Prices may vary state-wise.
- Basic Package – $99: This is a basic listing service for experienced sellers. You get services like a local MLS listing, unlimited updates, an open house scheduler, etc.
- Enhanced Package – $399: You get to upload 25 professional HDR pictures. This plan also includes customizable flyers and brochures, promotional items, personalized yard signs, etc.
- Concierge Service – $599+ 1%: This plan is essentially a virtual full-service package. Services include negotiation and paperwork assistance and full marketing support.
👑 The Queen’s Take: Beycome has a user-friendly interface and cost-saving potential. However, their customer reviews paint a mixed picture, with both positive and negative experiences.
👉 Beycome Pros and Cons: Beycome’s pros and cons unveiled!
Beycome is a decent choice for the few states it covers.
- Affordable Basic Package: Beycome offers all basic services and state-required forms for just $99. This is a decent option for experienced sellers who need just a simple listing service.
- Unlimited Listing Changes: You can make any number of changes to your listing at no additional cost.
- Market Exposure: Beycome will list your home on sites like Zillow, Trulia, Realtor.com, and Coldwell Banker.
Beycome has a few drawbacks that you should be aware of.
- Expensive Add-Ons: A $99 listing is almost always too good to be true. Many costs add up during the closing stage which can completely derail a successful sale.
- Limited Tech: Beycome.com has a basic website. You have to manage leads, inspections, appraisals, etc offline.
- Upselling Title Service: Beycome is known to spam customers to upsell their Title service.
- Limited Coverage: Beycome does not offer nationwide coverage. Currently, Beycome is available only in 10 states.
Beycome has 4.5 out of 5 stars from 500+ reviews on Google Reviews.
» Beycome Reviews: Know what customers have to say about Beycome.
4. I Sold My House
4.7/5
(60 reviews)
Queen's Take
We support iSoldMyHouse.com in the 8 states it operates in. We suggest buying the "Get Sold" plan if you reside in one of these states. More than six photos should be taken because they help sell your house.
iSoldMyHouse provides 2 packages:
- Get Listed – $299+: The package includes a listing term of 6 months with 6-10 photos.
- Get Sold – $399+: The package includes a listing term of 6 months with 25 photos.
» Is ISoldMyHouse Legit?: Read this blog to find out.
iSoldMyHouse.com is a good choice in the 8 states where it offers services.
- Experienced Broker: The owner of iSoldMyHouse, Kris Lippi is an experienced real estate broker. Kris is one of the few brokers with great expertise in For Sale By Owner MLS listings.
- Robust Customer Support: iSoldMyHouse has good reviews on trusted websites like Google and BBB.
» Pros and Cons of Homecoin: Read the in-depth analysis of Homecoin.
There are a few negatives with iSoldMyHouse.com
- Leads Sold to Local Brokers in 42 States and DC: iSoldMyHouse.com offers services in 8 states. In the remaining 42 states + DC, it sells your information to a local broker. Then, a local broker will contact you to list your property. You don’t get any listing assistance or customer care support in these 42 states + DC.
- Slow Listing & Time to Make Changes High: In the 42 states + DC where it does not provide its services, it sells your information to a local broker. Due to this your listing on the MLS and other FSBO paperwork gets delayed.
- Not 100% Online: iSoldMyHouse is low on tech. You have to review offers and manage inspections manually. It also does not offer a mobile app.
- Limited Coverage: I Sold My House currently serves in only 8 states. You will have to check if their packages are available in your area.
👉 iSoldMyHouse Review: Read a detailed review for iSoldMyHouse before investing.
We recommend iSoldMyHouse.com in the 8 states it covers. We suggest you buy the “Get Sold” plan if you reside in one of these states. Getting more than 6 photos is crucial because it helps to sell your house.
» ISoldMyHouse.com Reviews: Do consider reading these reviews before choosing ISoldMyHouse.
5. 123 Flat Fee MLS
0/5
(No credible reviews)
Queen's Take
With over 30 years of experience, real estate agents at 123 Flat Fee Minnesota have developed two comprehensive packages. However, these are pricey compared to their competitors. Listing with 123 Flat Fee MLS can be a fruitful experience for sellers who can spend ample time on their listing and are willing to do most of the grunt work.
123 Flat Fee Minnesota offers FBSO sellers 2 Flat Fee plans.
- Showcase Plan – $399: In this plan, you can upload max photos on the MLS for 12 months. You get a printable flyer, a Showing Time service, and a property valuation report.
- Premium Plan – $599: This is an upgraded showcase plan. You also get limited real estate coaching, CMA reports, pricing, and review contract assistance.
👉 123 Flat Fee Minnesota offers professional photography services for an additional fee. The services cost between $150-$425.
123 Flat Fee Minnesota can be a good choice for new FSBO sellers.
- RPR Report: An RPR valuation report determines property value based on characteristics, improvements, and market conditions. It can help you price your home competitively. This tool is only available to Realtors.
- Industry Veterans: 123 Flat Fee Minnesota has been active in the real estate space for over 30 years.
123 Flat Fee Minnesota has 2 major drawbacks.
- No Contact With Buyers: There is no buyer features available on the website. Your potential buyer must connect with you via their agent. This means you must pay 1%-3% buyer agent commission.
- Limited Coverage: The company has limited coverage in Minnesota. You can miss out on potential deals!
123 Flat Fee MLS can be a decent choice for Minnesota FSBO sellers. However, you must spend ample time listing and doing the grunt work yourself!
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💡 Cheapest Ways to List on MLS: Paying 3% of the purchase price as real estate commission can become an unwelcomed expense if you are an experienced seller. We recommend opting for a Flat Fee MLS Package for listing For Sale By Owner on MLS.
How to List Your House on MLS in Minnesota?
You can list your house on Minnesota MLS using several methods, using a full service realtor or a Flat Fee MLS service. However, the steps to listing on the MLS are the same.
Here we can look through the basic steps of “how to list on the MLS”.
- Do Your Research: There are several ways to access the MLS, hiring a real estate agent is just one of them. You should know all your options before proceeding.
- Find What Suits You Best: Most companies offer a range of Flat Fee MLS listing packages, differing in features according to the seller’s experience, the listing term, and MLS coverage.
- Get Professional Photographs: 87% of buyers rely on photographs to make a decision. Accordingly, getting professionally clicked photos of your house can help you sell your house faster.
- Create a Listing: While creating a listing for your local MLS, go with a catchy headline, comprehensive description, and attractive photographs.
- Get listed on MLS: After finalizing these all prospects, forward the same to the listing agent and get your property listed on the MLS.
How Much Does it Cost to List on MLS in Minnesota
The cost of listing on the Minnesota MLS depends on the method you use. You can pick a full service agent or a flat fee MLS service.
A full service agent will require you to pay a seller agent commission of 2-3%. A flat fee MLS service will get you listed at a flat rate.
However, beware of hidden charges and fees at closing. Some sites may not be upfront about these costs.
Alternatives to Listing on MLS By Owner in Minnesota
There are alternative ways to List on the MLS By Owner, and they are as follows.
- Going Completely FSBO: ‘For Sale By Owner’ refers to selling real estate without the assistance of a real estate agent or broker. Many For Sale By Owner MLS listing services like Houzeo, Zillow, Craigslist, and ForSaleByOwner.com offer free listings on their respective websites.
- Discount Real Estate Brokers: A discount real estate broker offers all the services that a traditional real estate agent does for a fraction of the cost. They typically sell your house for a 1% commission compared to the 2.5% to 3% charged by a traditional real estate agent charges.
» Creative Ways to Market an FSBO House: Find out 18 Creative Ways to Market a House For Sale By Owner Homes.
How to List on MLS via Houzeo.com in Minnesota?
List your home on MLS via Houzeo.com in 4 simple steps!
- Start Your FREE Listing: On your browser, go to Houzeo.com and click on “Start Free Listing” at the top right corner.
- Add Information About the Property & Photos: Register, and on your Houzeo dashboard click “Sell a Property“. Provide your property information, select a buyer agent commission, and upload photos.
- Choose a Listing Plan: Houzeo offers 4 MLS listing packages. We recommend the GOLD package as it will give you access to all of Houzeo’s technologically advanced features, like listing management, scheduling showings, and offer and lead management.
- Complete the Listing Documents: Listing docs will be automatically assigned to you based on your listing agent, property type, and local MLS. Completing the listing paperwork will take about 20 to 30 minutes.
If everything is in order, your listing will be live on your local MLS within 24-48 hours!
Level up Your Listing Game with Houzeo!
Choose Houzeo to get the best market exposure and powerful tools to navigate the MLS journey.
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Final Word
Listing in the MLS in Minnesota is a great way to boost the sale of your property. However, it can be expensive as access to MLS is restricted to real estate agents.
Even if you are new to selling, listing on MLS for sale by owner with a Flat Fee MLS broker like Houzeo can gain you profit.
» Houzeo Reviews: Check out what FSBO sellers have to say about listing with Houzeo.com
Frequently Asked Questions about Listing on MLS
1. Is Flat Fee MLS legal in Minnesota?
Flat Fee MLS is legal all over the United States. In fact, the US Department of Justice just updated their bulletin highlighting the benefits of Flat Fee MLS for For Sale By Owner home sellers.
2. Are Flat Fee Realtors good in Minnesota?
Some home sellers assume that since flat-fee realtors are working for lower fees they might not provide you with good services but there are thousands of home sellers who’ve already tried these flat-fee realtors and they have saved thousands of dollar with the best services!
3. Can I request to add open houses easily?
Our IntelliList Listing Management system makes requesting open houses to be added a breeze!
4. How much money can I actually save?
You can save up to 100% of the real estate commissions! With the Flat Fee MLS listing on Houzeo, you save the 3% listing agent commission. You’re obligated to pay the buyer’s agent the commission you offered if they’re represented by an agent, but if you procure a buyer with no agent involved, you can save even that!
» Houzeo Hidden Fees: Read further to know how much more you can save!
5. How to sell your house in 2024?
If you want to sell your home in 2024, you must follow these tips:
1. List on MLS.
2. Offer a competitive buyer's agent commission.
3. Set a competitive pricing for your house.
4. Use professional photography.
» List on America’s #1 FSBO Site and save thousands of commission.
6. Do I need to sign a contract to list my home in Minnesota?
Yes, but these contracts for Flat Fee MLS listings are generally “entry-only”. That means they’re limited to the agent entering your listing into the MLS. And they can be canceled/terminated anytime with no penalty!
7. Can you list rentals on the MLS in Minnesota?
Yes, you can list rentals on the MLS. Listing rentals on the MLS can boost your visibility and give you a competitive edge. Accordingly, you can close the rental transaction faster.
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