While FSBO sellers need a flat fee MLS to get exposure to buyers’ agents, the Flat Fee MLS New Jersey FSBO sellers use should meet specific criteria to be worth it. Although New Jersey sellers have many options at their disposal, when it comes to selling your most expensive asset, you want to be sure you can achieve a top-dollar sale for your home while saving on listing and buyer agent commission. With this in mind, the list will reveal the best flat fee MLS for New Jersey sellers.
Houzeo
Houzeo is the best flat fee MLS New Jersey sellers can access. Their best value listing option costs $329 and includes a 6-month listing, 24 images, and an escrow agent. But for only $70 more, you can also get state and federal disclosures in addition to the maximum number of photographs allowed by an MLS.
However, the primary reason Houzeo’s made it to the top of this list is the powerful combination of ease of use, flexibility, and syndication.
You can complete the entire listing process online without ever having to print a document. You can review offers, make counteroffers, and get assistance with closing from within the web app.
Then, in terms of flexibility, Houzeo doesn’t have any hidden fees. You pay the upfront cost and can select a buyer agent commission from 0.25% to 4%. Finally, Houzeo syndicates your property to the most frequented MLS New Jersey agents use in addition to statewide and nationwide MLS.
Realmart Realty
Realmart has many added value upgrades, placing it middle of the road in terms when compared to other flat fee MLS. Unlike Houzeo and Flat Fee Group, they only offer six photos on local MLS, with an upgrade coming at an additional fee. But, where they stand out is the syndication. You get syndication to many of the most frequented realtor sites and MLS, including Remax and Keller Williams, in addition to county-specific MLS.
However, the price of their most basic features is $395, and you won’t have the option to select a buyer agent commission you’re satisfied with as they limit you to between 2% and 3%.
Flat Fee Group
Flat Fee Group offers many of the basic features available on Realmart and Houzeo but without the syndication, flexibility, and cost which is why it’s number three on this list. For the $399 fee, you only get up to 25 images on the MLS. Similar to Realmart, FFG places limitations on the buyer’s agent commission, as you can only choose a percentage between 2% and 3%.
When you compare the fee, which is the equivalent to Houzeo’s most popular plan, you will notice you aren’t getting much value.
If you’re pursuing an FSBO sale in New Jersey, you should be most interested in syndication and flexibility. Without syndication to the MLS buyer agents in your neighborhood use, your home could sit on the market indefinitely. If that’s the case, you could find yourself renewing your flat fee MLS plan, essentially eliminating any benefits and commission savings you could make.
