If you're selling your home for sale by owner (FSBO) in New Mexico, hiring a flat-fee MLS service can help you increase your listing's visibility without breaking the bank.
The average commission rate for full-service listing agents in the Land of Enchantment is approximately 3%. Based on the median sale price for New Mexico homes, as of November 2019, that translates to about $11,970.
In contrast, typical rates for flat-fee MLS companies in New Mexico are in the $99 to $1,095+ range. The most basic plans can be as low as $50 to $99, while more comprehensive services range upwards of $1,000 to $3,000.
It's important to remember that every New Mexico flat-fee MLS service is different. When evaluating offerings, be sure to read the fine print: look at things like the length of the listing term (and how much it costs to extend); whether there's a fee to make changes to your listing; how many photos are allowed; the policy on buyer's agent commission; and more.
>> LEARN more about flat-fee MLS services and how to evaluate them.
To help you make the right choice, Clever has picked some of the top flat-fee MLS services across the state of New Mexico.
Top New Mexico Flat-Fee MLS Companies in 2020
Affordable Realty Services
Affordable Realty ServicesPrice Range
$395-1,095
Number of Photos
15-50
Listing Term
12 months
- Affordable Realty Services is a licensed, New Mexico real estate brokerage that specializes in flat-fee MLS listing services
- Built-in comparative market analysis (CMA)
- Open house postings on the MLS
- 5 MLS listing packages include both FSBO and full-service options
- Offers money-back guarantee if you decide to list with a full-service agent via referral instead
- Additional, a-la-carte services available, including social media and print advertising, lockbox and for sale sign rentals, professional paperwork preparation, and more — visit site for full list and details.
$395 - Basic FSBO package
| $995 - Value Full Service package
|
Pros
- Built-in CMA
- Open house postings on the MLS with basic package
- 12-month listing with basic package
Cons
- Downloadable contracts, disclosures, and other required paperwork not available
As of July 30, 2020, Affordable Realty Services has an average rating of 3.5/5 based on 20 reviews across Google and Yelp.
Congress Realty
Congress RealtyPrice Range
$299
Number of Photos
Listing Term
6 months
- Congress Realty is a licensed brokerage in Alaska, Arizona, California, Idaho, Louisiana, Montana, Nevada, New Mexico, Oregon, Texas, Utah, and Washington that specializes in flat-fee MLS listing services
- Free comparative market analysis (upon request)
- You set buyer’s commission (Congress Realty recommends 3%)
- Listings typically go live in 1 business day
- Free, unlimited changes
- Your phone number displayed on the MLS listing
$299
- 6-month listing on MLS
- Syndicated to Realtor.com, Zillow, Trulia, and more
- 4 photos
- Downloadable contracts, addendums, and disclosure forms
- ShowingTime showing scheduling and feedback service
A-la-carte services include: more photos, open house advertisements, listing renewals, professional photography, yard signs, lockbox, and more.
Pros
- Pay no buyer’s agent commission if you find the buyer
- Free, unlimited changes
- Wide variety of a-la-carte services
- Home buyer rebates if you buy with Congress Realty (in states where available)
Cons
- May not cover every part of your state
- Fewer photos than other comparable flat-fee MLS services
As of August 4, 2020, Congress Realty has an average rating of 4.8/5 based on 30 reviews across Yelp and Zillow.
For Sale by Owner New Mexico
For Sale By Owner New MexicoPrice Range
$395-995
Number of Photos
30-99
Listing Term
12 months
- For Sale By Owner New Mexico is a licensed, New Mexico real estate brokerage that specializes in flat-fee MLS listing services
- Provides yard sign and necessary real estate forms (downloads)
- Open house postings on the MLS
- Recommendations for home inspectors, home stagers, mortgage companies, and more available on website
- Comparative market analysis (CMA) included with mid- and premium-tier packages
- Listing fee is refundable if you opt to list with a referred, full-service brokerage
$395 - I’ve Done This Before package
| $795 - I’d Like Professional Guidance package
|
Pros
- 30 photos and 12-month listing term with basic package
- Listing fee is refundable if you opt to list with a referred, full-service brokerage
- Lots of helpful services and support included with mid- and top-tier packages
Cons
- No built-in support with basic package
- No home valuation or CMA included with basic package
As of August 11, 2020, For Sale By Owner New Mexico has an average rating of 4.3/5 based on 7 reviews across Realtor.com and Yelp.
- Realtor.com: 5/5 for broker Lisa Hebenstreit (2 reviews)
- Yelp: 4/5 (4 reviews)
- BBB: A+
Hardy & Co. Real Estate
Hardy and Company, LLCPrice Range
$395-695+
Number of Photos
Unlimited
Listing Term
12 months
- Hardy & Company, LLC is a licensed, New Mexico real estate brokerage that specializes in flat-fee MLS listing services
- Listing is live within 24 hours of receiving photos and listing information
- Set your own buyer’s commission (Hardy & Co. recommends 2-3%)
- Broker assistance available through sales process
- Make unlimited changes to listing
- Cancel anytime for free
$395 - Flat Fee Listing package
$395 + 1% - Listing + Contract & Closing Support package
| $695 + 1.5% - Full Service Listing package
|
Pros
- Buyer inquiries are forwarded to you
- Broker assistance available through sales process
- Unlimited changes to listing
- Cancel anytime for free
Cons
- No built-in CMA or home valuation with first two packages
- Hardy & Co. doesn’t handle showings or open houses with Full-Service Listing package
As of August 7, 2020, Hardy & Co. Real Estate and its broker, Stever Hardy, have an average rating of 5/5 based on 10 reviews across Google and Zillow.
National Flat-Fee MLS Services & Brokers Operating in New Mexico
Houzeo
HouzeoPrice Range
$229-399
Number of Photos
6 to max allowed
Listing Term
3-6 months
- Houzeo is a flat-fee MLS referral service that connects you with New Mexico brokers and agents who will list your home on your local MLS for a pre-negotiated rate
- Draft your listing, upload photos, set your price, and sign MLS contracts via Houzeo’s online dashboard
- Autofills listing details using publicly available info about your home to expedite the listing process
- Home valuation not included in service
- Does not require that you offer buyer’s agent commission
- Listing is typically live within 24 hours of submission
$229 - Bronze
| $399 - Gold
|
Pros
- Free cancellation anytime (no refunds)
- Freedom to specify any buyer’s agent commission
- Listings typically go live within 24 hours
Cons
- Limited coverage in rural areas
- “Free changes” only apply to listing’s price, status, and property description; $10 for additional changes
As of August 10, 2020, Houzeo has an average rating of 4.8/5 based on 21 reviews on Google.
Alternatives to Flat-Fee MLS in New Mexico
The New Mexico real estate market is increasing rapidly. According to Zillow, the median home value rose 5.3% over the past year and is expected to see an increase of 4.5% in 2020. To realize your home's full value (or ideally more), it's important to weigh all of your options for selling before making a final decision.
- Flat-Fee Real Estate Agents
- Discount Real Estate Agents
- Low-Commission Real Estate Agents
- 1% Commission Real Estate Agents
- Sell to an iBuyer