BREAKING NEWS: Post the NAR Settlement, Nashville discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $27,300 in commission on an average $455,000 Nashville home.
Whether you’re selling a house in Downtown or Old Hickory, the best discount real estate brokers in Nashville 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 Nashville home.
Rankings: Top 5 Nashville Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the Music City based on how much you can save on an average $455,000 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ✅ | ✅ | ✅ |
| 2. | Flat Fee Group | Varies | ❌ | ❌ | ❌ |
| 3. | Felix Homes | 1.5% Commission | ❌ | ❌ | .❌ |
| 4. | Redfin | 1% commission | ❌ | ❌ | ✅ |
| 5. | HomeLight | 2.5% Commission | ❌ | ❌ | ❌ |
Types of Real Estate Discount Brokers in Nashville
There are two types of Nashville 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 Tennessee 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 Nashville
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 America’s #1 ranked real estate brokerage company. It provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
2. Flat Fee Group
CUSTOMIZABLE PACKAGES
Listing Fee: Starting at $195 (Varies as per the State)Flat Fee Group is a network of independent brokers providing Flat Fee MLS listings across the US. They offer 3 – 4 packages depending on the state.
- Basic Package – $195 – $399: Prices for MLS listing services vary by state and broker.
- Add-Ons – $400 – $1,000: This covers upgrades like yard signs, lock boxes, and negotiation assistance. Some brokers may charge non-refundable upfront fees.
👉 Our Take: When you choose Flat Fee Group, you’ll work with an independent flat-fee brokerage. Service quality can vary depending on the broker you’re matched with.
Flat Fee Group offers certain advantages:
- Range of Packages: The packages differ in services offered. You can select the package that suits your real estate needs.
- Access to Legal Documents: Flat Fee Group provides you with state-wise contracts, forms, and disclosures. This would save you time to collate the documents from different sources.
- Maximum Market Exposure: Your property gets listed on many popular websites like Zillow, Trulia, Realtor.com, etc. This market exposure will help you sell your house faster.
Flat Fee Group has several drawbacks:
- Inconsistent Service Quality: With brokers operating independently, the level of service can vary widely.
- No Uniform Pricing: Prices and services are not standardized and vary as per state. so you may encounter unexpected fees.
- No Credible Reviews: They do not have reviews on websites like Zillow, Trustpilot, Yelp, and Google.
Flat Fee Group has no customer reviews on Google or Trustpilot.
» Is Flat Fee Group legit? Read our in-depth reviews on Flat Fee Group and choose accordingly.
Jason Saphire is the founder of the Flat Fee Group. It offers services in 48 states and Washington D.C. in the US. The pricing packages may seem attractive in listing a property for a flat fee.
However, it works with a variety of different flat-fee brokerages, and not every homeowner will have the same experience.
Reviews: 3 Best Fixed Percent Discount Brokers in Nashville
3. Felix Homes
GREAT REVIEWS
Listing Price: 1.5% of sale price4.9/5
Felix Homes is a discount real estate broker that offers home sellers and buyers affordable services.
- 1.5% Commissions (or a minimum of $4,000): Felix offers a full-service package with local real estate agents. This includes a home valuation analysis, professional photos, and drone footage to showcase your property.
👉 Our Take: Felix charges a 1.5% commission with personalized local expertise and high-quality marketing tools. However, like many discount brokerages, the level of support might vary depending on the market.
Felix Homes offers the following advantages:
- Local Real Estate Expert: Felix pairs you with a local real estate expert who understands your market, providing personalized support throughout the selling process.
- Custom Home Valuation Analysis: Felix offers a detailed comparative market analysis of your home to ensure your property is priced accurately for a competitive market.
- Listing Exposure: Your property will be listed on major platforms like MLS, Zillow, Realtor.com, and more, ensuring maximum visibility.
We did not find any red flags during our research.
- Limited Agent Network: While Felix provides local expertise, its agent network may be smaller compared to larger brokerages, potentially affecting service availability in some regions.
- Smaller Buyer Network: With a smaller brand presence, Felix may not attract the same volume of buyers as larger, well-known brokerages, which could result in a longer time on the market.
Felix Homes has a rating of 4.9 out of 5 on Trustpilot.
Felix Homes offers services to home sellers primarily. They have a full-service package at a discounted rate for sellers and a buyer’s saving program.
However, their coverage is limited and the buyer’s saving program does not ensure cashback for the buyer as a rebate does.
4. 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.
5. HomeLight
GOOD AGENT COVERAGE
Listing Fee: 2.5% of sale price4.6/5
HomeLight has a network of thousands of successful real estate agents and brokers. It is an agent-matching tech-platform.
- Standard Commission: HomeLight is a free agent-matching platform. The agent you get through this platform will charge the standard commission of 2% to 3% for listing.
👉 Our Take: HomeLight provides decent agent-matching services. However, the standard listing commission means zero savings for you.
» HomeLight Reviews: The Truth You Need To Know
HomeLight offers a number of advantages to both sellers and buyers:
For Home Sellers:
- Free Agent Matching: The agent matching service from HomeLight is free for home sellers. HomeLight furnishes details of the best real estate agents in your neighborhood. Depending on the agent, the traditional 5% to 6% commission is charged.
- Estimators and Calculators: HomeLight offers Home Value Estimator, Best Time To Sell Calculator, Agent Commissions Calculator, and Net Proceeds Calculator to home sellers.
- HomeLight Simple Sale: HomeLight has a network of pre-approved buyers. If you want to sell your house fast, this option allows you to sell it to a cash buyer within 7 days.
For Home Buyers:
- Home Search Feature: Buyers can search for homes by city, zip code, or address.
- Estimators: HomeLight offers estimators like Home Affordability Calculator, Down Payment Calculator, and Closing Costs Calculator for home buyers.
In our research, we have found some red flags associated with HomeLight.
- Inconsistent Agent Quality: The agents they assign may not work at your convenience. Even the listing speed will be based on the agent selected.
- Off-market Restriction: Registering on HomeLight will get you offers from agents instantly. Although the process is fast, only homes that are off-market are allowed.
HomeLight has an average rating of 4.6 out of 5 from 237 reviews on Sitejabber.
HomeLight offers a range of services for buyers, sellers, and agents all under one roof. It claims to be a straightforward alternative to a DIY search for a real estate agent.
However, you may end up spending a lot more and the quality of agents and services would still be questionable.
Discount Real Estate Brokers Nashville: How Much Will You Save?💲
Nashville 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 $27,300 to sell an average $455,000 house in the Music City. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $2,704 and save $24,596!
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 Nashville: Pros and Cons
Even though cheap Realtors in Nashville 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 Nashville than a 6% Realtor. Even if you only want to list your home on Tennessee MLS, you pay a much lower fee than the typical 3% listing agent fee.
- Receive Full-Service Realtor Services: Discount real estate agents in Nashville 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 Nashville 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 TN.
- Unreliable Service Quality: Discounted real estate brokers in Nashville 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 TN 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 Nashville
Here are some options if you do not want to opt for a discount Realtor in Nashville:
- 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 North Carolina will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Tennessee scour the MLS for Nashville 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 Nashville. You’ll end up paying a full 5% to 6% commission. That’s $27,300 on a $455,000 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Nashville?
Houzeo.com, and Flat Fee Group are the top discount real estate brokers in Nashville. However, Flat Fee Group works with a variety of different flat-fee brokerages, and not every homeowner will have the same experience.
» Houzeo Reviews: Find out why 15,000+ home sellers love Houzeo.
How much is the real estate agent fees in Nashville?
On average, traditional agents in Nashville charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Florida charge 1% to 3%.
How do I find a discount broker near me in Nashville?
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 Nashville?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
