BREAKING NEWS: Post the NAR Settlement, Connecticut discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $27,672 in commission on an average $461,200 Connecticut home.
Whether you’re selling a house in New Haven or Norwalk, the best discount real estate brokers in Connecticut will help you save on the 3% listing agent commission. And an additional up to 2.5% to 3% on the buyer agent commission! That’s a cool $27K on an average Connecticut home.
Rankings: Top 5 Connecticut Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the Nutmeg State based on how much you can save on an average $461,200 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ❌ | ✅ | ✅ | ✅ |
| 2. | Landfall Properties | $699 Flat Fee | ❌ | ❌ | ❌ | ❌ |
| 3. | Entry Only | $399 Flat Fee | ✅ | ❌ | ❌ | ❌ |
| 4. | FSBO.com | $399 Flat Fee | ❌ | ❌ | ❌ | ❌ |
| 5. | Redfin | 1% Commission | ❌ | ❌ | ❌ | ✅ |
Types of Real Estate Discount Brokers in Connecticut
There are two types of Connecticut discount real estate brokers:
- Flat Rate Discount Brokers: Also called Flat Fee MLS companies, these discount realty services let you list your home for a fixed upfront fee. A Flat Fee MLS Connecticut listing service costs between $399 to $4,000.
- Fixed Percentage Discount Brokers: These discount Realtors charge a fixed percentage of the home’s sale price. Typically, it is anything lower than the traditional 3% fee: 1%, 1.5%, 2% or 2.5%, etc.
Reviews: 2 Best Flat Rate Discount Real Estate Companies in Connecticut
1. Houzeo.com: Max Savings, No Hidden Fees
#1 Discount Real Estate Service
Listing Fee: $399+$350 at closing4.9/5
Houzeo is a top technology-driven real estate platform. It offers 4 different packages:
- Bronze Package ($399 + $350 at Close): List your house for 6 months. You can upload 24 house photos.
- Silver Package ($399+0.5% at Close): List your home for 6 months and post maximum photos. Unlimited open houses and listing modifications are included in this package.
- Gold Package ($429+0.5% at Close): This package offers all the benefits of the Silver package, as well as licensed broker assistance, contract review, and more.
- Platinum Package ($449+1% at Close): This package offers virtual full-service support with a licensed broker. You can list for 12 months. Brokers assist you in negotiations, disclosures, and closing.
👉 Our Take: We recommend Houzeo to all home sellers. The company has an excellent customer rating of 4.9 out of 5 stars. It has extensive coverage across 47 states + DC, a feat achieved by only a handful of other services.
» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities within 60 minutes.
These are the key features that make Houzeo one of the top discount real estate brokers:
- Significant Commission Savings: You will pay just a small flat fee to list on the MLS. On average, home sellers who used Houzeo saved $12,511.
- No Hidden Fees: All costs are disclosed upfront so you don’t have to worry about hidden charges.
- Near Nationwide Coverage: Houzeo operates in 47 states and DC, with ongoing plans for expansion.
- Max Exposure: Houzeo packages give you access to renowned MLS companies.
- Advanced Technology: Eliminate the hassle of extensive paperwork. E-signature and online forms make house listing quick and easy.
- 5-star Customer Service: Dedicated customer support addresses your every concern easily.
- Mobile App: Houzeo’s mobile app lets you manage showing requests from verified buyers and buyer agents. You can either accept, reject, or reschedule showings at your convenience.
- Home Value Estimator: Houzeo’s Home Worth Estimator is online and quick to know the FMV of your home. It provides free home value estimate within 30 seconds.
There are no dealbreakers with Houzeo.
» Houzeo Reviews: Houzeo is rated “Excellent” by 10,000+ happy customers on Google Reviews and Trustpilot!
Houzeo Reviews: With over 10,000+ happy customers, Houzeo is the most trusted discount real estate broker.
Houzeo is Connecticut’s #1 ranked discount real estate company because sellers only have to pay a flat rate. It provides an unbeatable combination of maximum savings and 5-star customer support.
2. Landfall Properties
NEW ENGLAND BASED
Listing Fee: $699 or 1% commission5/5
Landfall Properties is a New England-based flat fee MLS service provider. It offers three packages for flat-fee MLS listings:
- Level One package – Free: This package includes a free listing on the MLS for 2 months with 40 photos. You can make unlimited updates to your listing at no additional cost.
- Level Two package – $699: You receive an unlimited listing term along with professional services like a ‘For Sale’ yard sign, contract forms and addendums, escrow services, and virtual tours.
- Level Three package – 1% Commission: The premium plan offers everything from the Level Two package, plus full broker assistance throughout the transaction. Additional perks include pricing guidance, a Bluetooth lockbox, and comprehensive support until closing.
👉 Our Take: Landfall Properties offers affordable packages. However, the lower-tier plans, especially the free listing, require you to manage most of the process. This includes negotiations and showings, which can be challenging.
Landfall Properties offers the following advantages:
- Free Listing: Allows listing for free in REALTOR MLS for up to 2 months.
- Experienced Broker: Paul Marino, the broker, has over 35 years of experience, providing valuable guidance for higher-tier plans.
- Market Exposure: Your listing is shared across national and local MLSs such as Zillow, Trulia, Redfin, etc.
Landfall Properties has the following disadvantages:
- DIY Responsibility: In the free and basic packages, you need to handle most of the sales process. This includes showings, price negotiations, and legal paperwork.
- Limited Service Options: You’ll need to opt for a premium package if you want extensive assistance such as full agent support.
- Limited Coverage: Landfall properties only serve in 5 states: Connecticut, Massachusetts, Maine, New Hampshire, and Vermont.
Landfall Properties LLC has a 5-star rating on Zillow.
Landfall Properties has various experienced brokers who can help you stand apart in the listing service game.
Although the packages offered by Landfall Properties are very flexible, they fall short on technology as they do not have a mobile application.
Reviews: 3 Best Fixed Percent Discount Brokers in Connecticut
3. Entry Only
Flat-Fee MLS Listing Service
Listing Fee: $3994.8/5
Entry Only is a discount real estate brokerage with national coverage. They mainly cater to home sellers but have some services for buyers as well.
For Home Sellers:
Entry Only offers 2 flat fees MLS packages and a full representation package:
- Basic ($399): Includes a 6-month MLS listing, 20 photos, transaction coordination, flyers, buyer lead forwarding, and a yard sign.
- Enhanced ($699): All features of the Basic package + contract review.
- Premium ($999): This is a full-service package. It includes all services of the Enhanced package + negotiations before/after inspections and closing assistance.
For Home Buyers:
- Buyer’s Rebate: The buyers who choose Entry Only as their representative get up to 50% of the buyer agent’s commission as a rebate.
👉 Our Take: EntryOnly is ideal for sellers who are comfortable managing their sale process and looking to save money on listing commissions. If you’re new to selling, you might find the process challenging.
Entry Only offers the following advantages:
- Buyer Lead Forwarding: All email inquiries will be forwarded to the sellers. In addition to this, Entry Only has a 24/7 receptionist service to redirect buyers and agents to sellers.
- Closing Assistance: Entry Only strives to make the closing process smoother by coordinating with buyer agents, lenders, appraisers, home inspectors, attorneys, and title companies.
- Buyer Services: Home buyers get assistance with property search, tours, offers, negotiation, contracts, and closing.
Entry Only offers the following disadvantages:
- Expensive Upgrades: Entry Only offers a significant number of listing upgrades. However, the ones that may boost the sale of your house, like expedited MLS entry, and secondary MLS listing, are steeply-priced.
Entry Only has a rating of 4.8 out of 5 on Trustpilot.
Entry Only is a part of the HomeZu network. With more than 20 years of experience, Jason Saphire, the managing broker, has cultivated an excellent reputation in the industry.
However, the company’s add-on services are not as competitively priced as their packages. Past sellers appreciate their low turnaround time and prompt service.
4. FSBO.com
OLDEST FSBO WEBSITE
Listing Fee: $99.95 - $399.952.9/5
FSBO.com offers two packages to home sellers:
For Home Sellers:
- FSBO Package ($99.95): This includes an FSBO.com listing for six months with unlimited photos and one video. You can also edit and cancel your listing 24/7.
- MLS Package ($399.95): This package includes everything from the FSBO package plus six months’ access to the MLS.
👉 Our Take: FSBO.com suits experienced, hands-on sellers looking to save on commissions. However, less experienced or those preferring a hands-off approach may find an agent worth the cost.
Here’s what makes FSBO.com stand out:
- Market Exposure: Your listing will be advertised on sites like Realtor.com, Zillow, Trulia, and others, in addition to the MLS.
- Full Control: The sellers get complete control over the home sale process, from pricing to negotiation.
- Wide Coverage: FSBO.com is a presence in all 50 states, allowing users from all over the country to employ their services.
Here are a few red flags of FSBO.com:
- Time and Effort: Since there is no agent, the sellers will have to handle the marketing, negotiations, and paperwork alone, which can be tedious.
- Outsourced MLS Services: FSBO.com is not a licensed real estate broker; hence, they outsource the services to independent agents and licensed brokerages. This may result in a difference in the quality of service.
- Limited Expertise: Without the agent, inexperienced sellers may have trouble with pricing, marketing, and negotiating the best deal.
FSBO.com has been rated 2.9 out of 5.0 on Trustpilot.
» FSBO.com Reviews: Find out why the oldest FSBO site isn’t the best in 2023’s slow market.
FSBO.com is available in all states with coverage in 50+ markets. They allow sellers to list their property for sale while saving on the listing agent’s commission.
But you should know that additional services can add up to a total of $335 in costs over and above your flat fee package!
5. Redfin
Best-In-Class Agents
Listing Fee: 1% of Sale Price3.4/5
Redfin is the largest discount real estate company. Its premier agents, with years of experience, help you buy and sell high-end homes.
- Listing Price: Redfin charges a 1% listing fee if you want to sell a house and buy your next one with them. It charges a 1.5% listing fee if you decide to just sell your house with Redfin.
👉Our Take: Redfin is a technology-based platform. You can expect transparency and an accurately managed database. However, you may not get complete attention due to their high customer volume.
» Is Redfin Legit? Check the legitimacy of Redfin’s discount broker services
Redfin offers:
- Competitive Pricing: You pay a listing fee of 1% if you decide to sell and buy with Redfin.
- Updated Technology: Redfin provides a mobile app, 3D walkthrough, relevant filters, etc. This makes the real estate transaction seamless.
- National Presence: Redfin covers 80+ markets in the US.
» Redfin Pros and Cons: Read about the advantages and drawbacks of Redfin services.
The disadvantages of using Redfin are:
- Pricing Inaccuracy: Many sellers have complained about certain factors like, lot area, a gated compound, or a city location not getting considered during valuation.
- Long Time for Listing: As per Redfin’s agreement, it takes almost 15-18 days to verify the seller’s property and list their house.
- Lack of Customer Service: There has been negative feedback about lack of personal attention by Redfin salaried agents.
Redfin has an average rating of 3.4 out of 5 stars on Yelp and average 3.7 out of 5 stars on Google.
» Redfin Reviews: The reality of 1% fees, pros, cons, and alternatives!
Redfin, founded in Seattle in 2002 by Mr. David Eraker, covers 80+ markets in the US. It provides an elaborate listing agreement with a marketing plan for your home.
However, this agreement specifies a long 18-day timeframe for listing your property on the MLS. Additionally, some customers have expressed concerns about the non-availability and unprofessionalism of their agents.
Discount Real Estate Brokers Connecticut: How Much Will You Save?💲
Florida discount brokers can help you save almost the entire 6% commission, depending on your home’s worth.
If you choose a 6% full-service Realtor, you’d pay $24,192 to sell an average $403,200 house in the Sunshine State. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $2,445 and save $21,747!
NAR Settlement Saves Sellers Thousands in Commission
The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.
Here’s what this means for you:
- Sellers Can Save Thousands in Commissions: You will likely be paying much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage Buyer Agents and again when sellers review offer contracts.
- Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
- Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
- Buyer Agent Commissions Can Be Offered Offline: Buyer agent commissions can still be offered outside of the MLS. They just cannot be advertised on the MLS.
Discount Realtors in Connecticut: Pros and Cons
Even though cheap Realtors in Connecticut will save you thousands in commissions, you should consider the advantages and disadvantages of hiring one:
Pros ✅
- Sell Home for a Discounted Fee: You’ll pay less fees for a discount real estate listing in Connecticut than a 6% Realtor. Even if you only want to list your Connecticut home on MLS, you pay a much lower fee than the typical 3% listing agent fee.
- Receive Full-Service Realtor Services: Discount real estate agents in Connecticut will provide the basic services that any traditional agent would. This includes assistance with pricing your home, marketing, paperwork, and negotiations.
Cons ❌
- You May Become a Victim of Hidden Fees: Some discount brokerages in Connecticut may charge hidden fees or sell essential services a la carte. Beware of shady discounted agents who lure you in with significantly low fees. Do your research and look at the best discount realtors in CT.
- Unreliable Service Quality: Discounted real estate brokers in Florida handle multiple clients at once to make up for the reduced commission rate. They may not be able to provide personalized assistance all the time.
- High Cancellation Fees: An CT discount real estate broker can charge a minimum withdrawal fee within a specified period. Remember to carefully review the terms and conditions of the contract before signing.
Alternatives to Discount Real Estate Agents in Connecticut
Here are some options if you do not want to opt for a discount Realtor in Connecticut:
- Sell Your Home For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using FSBO signs, word of mouth, open houses, etc. But your listing won’t be on Zillow, Trulia, Realtor.com, and Homes.com! Meanwhile, FSBO websites in Connecticut will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Connecticut scour the MLS for Connecticut homes for sale. This includes iBuyers, investors, and home flippers.
- Sell With a Full-Service Realtor: If you are not interested in saving your equity, you can hire a full-service, in-person Realtor in Connecticut. You’ll end up paying a full 5% to 6% commission. That’s $24,192 on a $403,200 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Connecticut?
Houzeo.com and Landfall Properties are the top discount real estate brokers in Connecticut. Both provide an incredible combination of savings and technology. However, Landfall Properties has only 5 reviews while thousands of sellers have rated Houzeo as 4.9 out of 5.
» Houzeo Reviews: Find out why 15,000+ home sellers love Houzeo.
How much is the real estate agent fees in Connecticut?
On average, traditional agents in Connecticut charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Connecticut charge 1% to 3%.
How do I find a discount broker near me in Connecticut?
You could choose a discount broker, or list your home using Houzeo. With Houzeo, your home will be listed on the MLS within 24 to 48 hours.
Can you negotiate Realtor fees in Florida?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
