You can save a whopping $7,797 when selling a median-priced $259,900 home in Indiana. But how? With a discount real estate broker in Indiana, you can skip the hefty 3% listing agent commission. This allows you to list your home for as low as 1% or a flat fee and save thousands of dollars!
That’s not it! These brokers help you list your property on the MLS giving maximum exposure as 43% of buyers search properties online. In addition, discount brokers offer affordability with full service making them ideal for cost-conscious sellers.
Rankings: Top 5 Indiana Discount Real Estate Brokers
As Indiana’s real estate market continues to rebound post-Hurricane Idalia, home sellers are exploring ways to cut costs. With rising repair and insurance premiums, sellers want to retain more of their home sale profits.
One effective way to do this is to sell with a discount real estate broker in Indiana. They offer lower commission rates and services compared to traditional Realtors. We’ve ranked the top 5 discount brokerages in the Hoosier State for you to choose from.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ❌ | ✅ | ✅ | ✅ |
| 2. | ListingSpark | $1,499 - $2,999 | ❌ | ❌ | ❌ | ✅ |
| 3. | Ideal Agent | 2% Commission | ❌ | ❌ | ❌ | ❌ |
| 4. | White Stag Realty LLC | 1% Commission | ❌ | ❌ | ❌ | ❌ |
| 5. | Redfin | 1% Commission | ❌ | ❌ | ✅ | ✅ |
Types of Discount Real Estate Brokers
Indiana sellers can choose from two main types of discount real estate brokers. Each of these cater to the unique needs of the home sellers:
- Flat Rate Discount Brokers: Also known as Flat Fee MLS companies, they charge a fixed upfront fee to list your home on the MLS. A Flat Fee MLS service costs between $399 to $4,000. These services offer maximum exposure for a low fee.
- Fixed Percentage Discount Brokers: These discount Realtors charge a fixed percentage of the home’s sale price. Typically, this percentage is lower than the traditional 3%. Depending on the broker, these rates may vary from 1% to 2.5%.
Reviews: 2 Best Flat Rate Discount Real Estate Brokers in Indiana
1. Houzeo.com: Max Savings, No Hidden Fees
#1 Discount Real Estate Service
Listing Fee: $399+$350 at closingHouzeo 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 a stellar 4.9/5 customer rating. It also provides coverage in 47 states + DC, making it one of the few services with nationwide reach.
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, Houzeo home sellers save $12,231.
- 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 10,100+ happy customers on Google Reviews and Trustpilot!
Houzeo Reviews: With over 10,100+ happy customers, Houzeo is the most trusted discount real estate broker.
Houzeo is the #1 discount real estate broker in Indiana. The company provides features like IntelliList management to simplify your listing process. Besides this, you get 5-star customer support, advanced technology, showings management, and offers all at your fingertips.
2. ListingSpark: Flat Fee, Full Service
LOCAL EXPERT
Listing Fee: Starting at $2995ListingSpark is a renowned flat fee discount brokerage in the US. It offers 2 listing packages:
- Spark Plan – $2,995: This includes paperwork assistance and syndicated house listing on major real estate websites. You receive a Supra digital lockbox, professional photographs, escrow services, and a “For Sale” sign.
- Premium Plan – $3,999: This includes all the features of the Spark plan. You also get pricing support, open house signage, e-flyer blasts, and agent-on-demand support.
👉 Our Take: ListingSpark offers essential services for selling your home. However, their basic package may have hidden costs, such as a $975 fee for agent support, which can increase the total expense.
ListingSpark offers certain advantages:
- Quick Listing: It takes 20 minutes to fill out the details on the ListingSpark website. The listing will go live within 24 hours after the documentation is completed.
- Add-on Features: They offer benefits like professional photographs, a lock box, a yard sign, title insurance, and escrow services.
- Free Tools: ListingSpark also offers multiple tools such as comparative market analysis, and closing cost calculator.
ListingSpark offers certain disadvantages:
- Limited Coverage: ListingSpark offers services in only 3 regions: Texas, Atlanta, and Nashville.
- Non-Refundable Fees: ListingSpark charges an upfront fee of $395 and $995 for Spark and Premium plans respectively. These fees are non-refundable upon cancellation.
- Lack of Clarity: Key details such as listing duration, photo limits, and the number of permitted changes are not readily available on the ListingSpark website.
ListingSpark has a rating of 4.6 out of 5 stars on Google.
»Listing Spark Reviews: Does Listing Spark services provide real savings? Read more to find out.
ListingSpark was established in January 2013. It is headquartered in Austin and serves only 16 cities in Texas.
ListingSpark does not charge a commission on the home value. Instead, it levies a one-time fee against the services offered.
Reviews: 3 Best Fixed Percent Discount Brokers in Indiana
3. Ideal Agent
Agent Matching Service
Listing Fee: 2% of Sale PriceIdeal Agent is an agent matching company. It offers a single listing package for sellers:
- 2% Commission: Ideal Agent charges a 2% commission to the listing agent, which is lower than traditional rates (typically 2.5 – 3%). On an average home price of $400,000, you will be charged $8,000.
👉 Our Take: The 2% listing fee is competitive, however, the buyer’s agent still gets a 2.5 – 3% commission, bringing the total commission to around 4.5 – 5%. The savings are notable but not as significant as flat-fee brokers.
Ideal Agent stands out with several attractive offerings:
- Top Agents: The platform only works with experienced agents from major brokerages like Keller Williams Realty and RE/MAX.
- National Network: Coverage extends across the U.S., making it a versatile option for sellers nationwide.
It’s important to be aware of these potential drawbacks:
- Limited Savings: Despite the reduced listing commission, the total commission cost isn’t drastically different from standard agents.
- Agent Pool: In less populated areas there may be fewer agents to choose from, limiting flexibility.
Ideal Agent has a rating of 5 out of 5 on Trustpilot.
» Ideal Agent Reviews: Does Ideal Agent benefit you in the 2024 market?
Steve Johnston established ldeal Agent in 2016. It is headquartered in Tampa. It offers all the traditional Realtor services with a 2% commission on home sale value.
However, customers who have used their services have complained about hidden charges.
4. White Stag Realty LLC
LOCAL EXPERTS
Listing Fee: 1% of sale priceWhite Stag Realty is a discount real estate company offering listing agent commission rates.
- 1% Commission: This 1% includes listing on the MIBOR MLS and other top real estate websites like Zillow, Trulia, and more. You get full brokerage services for every transaction.
👉 Our Take: White Stag Realty LLC is a great local option for home sellers and buyers. However, their website provides very little information. To know more about their services, you must first register.
Here are some limitations we found with White Stag Realty:
- Limited Information: White Stag Realty does not reveal enough information on its website. To know more about their services you have to register first.
- Not Ideal for High-Value Homes: White Stag Realty might not be ideal for luxury homes. For example, selling a $1 million home would still mean paying $10,000 in commission.
White Stag Realty has a 5 star rating on Yelp.
White Stag Realty provides services to home sellers and buyers in Indiana who want to save on commissions. However, their website does not provide much information. You must first register to discover more about their services.
5. Redfin: 1% Fee, Nationwide Coverage
#1 Nationwide Brokerage
1% Listing FeeRedfin offers services in 100+ real estate markets across the country in 49 states.
- Redfin Full-Service Agent – 1% Commission: This package includes pricing assistance, listing paperwork, negotiation support, etc.
- Redfin Premier Agent – 1.5% Commission: This package is exclusively for luxury properties and includes everything that comes with the Full-Service package.
👉Our Take: When you opt for Redfin you might get their service 3x faster than the traditional method. However, you may not get personalized attention with less no. of agents for home staging, showings, etc.
Here are some advantages of choosing Redfin:
- Advanced Technology: Redfin is primarily known for its high-tech platform and mobile app.
- Near Nationwide Coverage: Redfin covers 49 states in the US.
- Easy Deal Closings: Redfin agents guide you through paperwork, marketing plans, and negotiations to make your closing easy and faster.
Here are some drawbacks of Redfin based on their customer reviews:
- Pricing Inaccuracy: Many sellers have complained that a lot area, a gated compound, or a city location are not considered during valuation.
- Slow Listing Process: According to Redfin’s listing agreement, a Redfin property takes 18 days to list on MLS. Services like Houzeo will list you on the MLS within 24 to 48 hours.
- Lack of Customer Service: There are a few negative reviews about the lack of personal attention by Redfin agents.
- Limited Agent Selection: As per customer reviews, Redfin lacks an array of agents. This means you get an agent assigned automatically without having any choice in the matter.
- Lack of Personalized Services: Due to agents handling multiple clients at once, customers have often complained that Redfin agents are not able to give personalized service.
Redfin has an average rating of 3.3 out of 5 stars on Yelp and an average of 3.7 out of 5 stars on Google.
» Redfin Reviews: Read more to make an informed decision before selling your home.
Redfin is a top nationwide real estate brokerage known for its advanced technology. Their premier package helps you sell luxury homes. The platform also provides easy access to local experts while selling a house by owner in Indiana.
How Much Will You Save With a Discount Real Estate Broker in Indiana?
You could save up to $4,949 when selling a median-priced $259,900 home with a Flat Fee MLS service in Indiana.
However, if you pay a standard 3% commission fee, you’d have to pay a whopping $7,797 to your listing agent. But, with Houzeo’s Gold plan, you will only pay $249 with a 1% charge at closing.
| Details | Traditional Realtor (3%) | Houzeo’s Flat Fee |
| Median Sale Price | $259,900 | $259,900 |
| Listing Fee | $7,797 | $2,848 |
| Savings | $0 | $4,949 |
Pros and Cons of Discount Realtors in Indiana
Discount real estate brokers in Indiana offer a great way to save. While this cost-saving option sounds good, it’s important to weigh both the pros and cons.
✅ Pros
- Lower Fees: You’ll pay less than a traditional 3% Realtor. Plus, you’ll get full access to features and tools for a low fee.
- Full-Service Support: Discount real estate agents in Indiana offer all basic home-selling services. This includes assistance with how to price your home, marketing, paperwork, and negotiations.
- MLS Access: Discount brokers help you list your home on the MLS in Indiana, providing exposure to a maximum no. of buyers.
❌ Cons
- Hidden Fees: Some discount brokerages in Indiana may charge hidden fees for additional a la carte services. You must do your research and opt for the best discount Realtors in IN.
- Inconsistent Service: Some discounted brokers in Indiana handle multiple clients at once, so personalized attention may be limited. They do this to make up for the reduced commission rate.
- High Cancellation Fees: A few of the discount brokers may impose a significant withdrawal fee if you cancel your agreement within a specific time frame.
Alternatives to Discount Real Estate Brokers in Indiana
Here are some other options to consider for selling a house in Indiana:
- For Sale By Owner Companies: In a FSBO sale, you have to handle every step from listing to paperwork. You can choose For Sale By Owner websites in Indiana that provide MLS access.
- Cash Buyers: Cash buyers in Indiana, including iBuyers, investors, and home flippers, actively search on the MLS for the listed properties.
- Full-Service Realtor: If you can’t handle the process yourself, you can opt for the traditional home-selling method. But, you’ll have to pay a 3% commission fee.
