Flat-fee MLS in New Mexico
What it actually costs to sell a house in New Mexico without paying a listing commission, using New Mexico’s real transfer tax and title customs rather than a national average.
Transfer tax
0.00%
No transfer tax in this state
Seller pays title?
Usually not
Customarily the buyer
Listing commission saved
$10,800
vs. a 2.5% listing fee, after a $450 package
What you save, and what you take on
On a $450,000 sale in New Mexico, a 2.5% listing commission is $11,250. A flat-fee Multiple Listing Service (MLS) package typically runs a few hundred dollars. That difference, $10,800, is the entire financial case for selling this way.
In exchange you inherit the listing agent’s job. Pricing it right, getting decent photographs, writing the thing, answering the phone, standing in the kitchen every Saturday, and then negotiating a contract with someone who may do this for a living.
Whether that is a good trade depends on what your time is worth and whether haggling over a six-figure number sounds tolerable or awful. Both answers are legitimate.
What New Mexico charges no matter who sells the house
New Mexico has no state real estate transfer tax, which puts it among the cheapest states in the country to sell in.
Who pays the owner's title policy here is set by local custom and is commonly the buyer, so it is left out of the seller's column. Confirm locally.
Flat-fee MLS services in New Mexico
We are still checking these ourselves
Run your own numbers
The figures above use a $450,000 example. Put in your own sale price, mortgage balance and commission assumptions to see what New Mexico leaves you with.
Open the calculatorCommon questions
Does New Mexico require a real estate agent to sell a house?
What transfer tax will I pay in New Mexico?
Will my house still show up on Zillow?
Do I still have to offer the buyer’s agent a commission?
Where these numbers come from