Discount real estate is the area of specialization for discount Realtors, providing services to buyers and sellers for a reduced fee.
Discount Realtors offer their services at a reduced commission rate compared to the standard rate in their area. Typically, the standard commission is around 5-6% of the sale price of a home, with the listing agent and buyer’s agent splitting the commission.
Discount Realtors, on the other hand, offer their services for a reduced percentage of the sale price, which can range from 1-4%. This can result in significant savings for home sellers, especially those with higher-priced homes.
It’s important to note that discount brokers may offer different levels of service compared to traditional full-service brokers.
However, discount Realtors can be a good option for sellers who are comfortable with handling some aspects of the home sale process on their own or who have experience in the real estate market. They can also be a good option for sellers who want to save money on commission fees.
