When you are all set to sell your home, one of the main thoughts that pop up in your mind is how to get the most money from the sale. If you are considering saving for your retirement or looking forward to buying a new home, then the savings on your home sale amount have more significance.
Most home sellers look for ways if they want to make more profit. To maximize that profit, you can consider working with a low-commission agent. Discounted or reduced commission real estate brokers offer to sell your home at a much lesser commission than the traditional agents. By paying less, the sellers can make more on the sale.
Here’s everything you need to know about the low commission agents, whether low commission agent is right for your home sale, who are the best discount real estate brokers in the US, and more.
Average real estate commission
The US average commission rate is 5.8% and it has been around 6% for several decades. Most traditional agents charge around this average in their area.
What is a low-commission real estate agent?
A low-commission agent charges a reduced commission than conventional agents. Like, if the standard rate in your locality is 6% commission, then the discounted real estate broker may charge you only 3%. Many home sellers use their services to save money on their home sale deals.
But you also need to know that you still need to pay the commission to the buyer’s agent. In the United States, the listing agent split of the 6% commission is 50/50 between the buyer and seller.
Are low commissions worth it?
Low-commission agents are licensed and provide legal services. They fulfill all agent requirements and have suitable training too, which makes them s reputable as other agents. They are realtors and a part of the National Association of Realtors who comply with the association’s standards. At times, a discounted agent sells homes faster than an average agent due to the low supply and high demand. Search for “low commission real estate agents near me”
Best discount real estate brokers
Hiring a low-commission real estate agent is one of the top ways to ensure significant savings when you sell your home. There are many best discount real estate brokers in the US in terms of savings, service, and overall value. Here are our top picks.
Clever Real Estate
Clever Real Estate charges a listing fee of just 1%, which is one of the lowest real estate commission rates if the company is providing a full-service brokerage. Clever is an agent matching service that is provided for free. You get the contact of the top-rated local agent in your area.
Clever has partnerships with full-service realtors at several locations in the U.S., such as Keller Williams, Berkshire Hathaway, etc. The Clever’s partners offer the best experience just like a traditional realtor would provide you, and at 50% low commission fees.
Here are the things to know about this discount real estate broker:
- The company provides services that are 100% free.
- There is no obligation to work with their agents.
- The company provides Full-service support at the rate of 1% or at a flat fee of $3,000 in case the home is priced under $350,000
- The clients get multiple local agents. You can choose the one that seems the best to you.
- You can interview multiple agents and are free to leave at any time.
- Clever agents guarantee full service but extra services and upgrades such as drone photography, professional home staging, etc. will incur you an a la carte charge
- You can easily find local agents with Clever.
So, if you’re looking forward to low-commission real estate with the best services, Clever is your great best option.
Redfin
Redfin is quite a popular name and has garnered more attention due to its home search tool. This low-fee broker allows you to list your house at just 1.5% commission and even on the 1% if you buy with a Redfin agent as well.
Redfin has a team of agents, like many other traditional brokerages. However, their agents manage many more customers than typical realtors. Here is what you need to know about the company:
- Redfin charges a 1.5% listing fee which is 50% lesser than the traditional realtors
- When you subscribe with Redfin for your home sale, you get the same services as other realtors who work in traditional brokerages.
- You get to see your listing live on Redfin’s home search app
- Use Redfin’s online seller dashboard and always stay updated on your home sale
- As compared to other brokerages, Redfin offers only limited agents.
- Since the agents handle at least three times more customers than other realtors, they have a limited ability to attend to you personally. Redfin follows a team-based approach. However, to help their agents manage workload, Redfin delegates the responsibilities to other team members. So, one agent doesn’t need to manage your sale from top to bottom. The main broker will handle crucial activities such as staging and negotiations, other Redfin employees may work on aspects like open houses and closing logistics.
Redfin offers one of the lowest rates available but comes with a few tradeoffs too.
Ideal Agent
One of the best discount real estate brokers, Ideal Agent is another top agent matching service that charges a low listing fee. Here are the features:
- You get Full-service support from the Ideal agent
- Their realtors meet high-quality standards
- No obligation to hire the given agent to match
- Ideal Agent charges a 2% listing fee
- You only get only one agent match.
Ideal Agent is one of the best resources if you want to work with a high-quality agent.
Houzeo
Houzeo is a real estate leader in providing the best combination of savings and exposure to home sellers. You don’t need to pay any commission because this advanced tech platform permits the sellers to list their homes on the MLS just by paying a small flat fee. Here are the best features:
- You work with a listing agent without paying a commission.
- Just pay a small flat fee and get your property listed on the MLS.
- Use the seller dashboard and get loads of offers.
- You also get services like home showings, lockboxes, yard signs, etc.
- Houzeo has great Google Reviews and Trustpilot and is best known for its cutting-edge technology and excellent customer service. To sell your home at the lowest fees ever, connect with Houzeo.
To know more about them check Houzeo reviews.
