BREAKING NEWS: Post the NAR Settlement, Pearl City discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $46,500 in commission on an average $775,000 Pearl City home.
The best discount real estate brokers in Pearl City 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 $46K on an average Pearl City home.
Rankings: Top 5 Pearl City Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the Water of Pearls based on how much you can save on an average $775,000 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|
| 1. | Houzeo.com | $349 Flat Fee | ✅ | ✅ | ✅ |
| 2. | Lifestyle Homes of Hawaii | $3,500 flat fee | ❌ | ❌ | ❌ |
| 3. | Pacific Image Properties | 1.5% commissions | ❌ | ❌ | ❌ |
| 4. | Redfin | 1.5% commissions | ❌ | ❌ | ✅ |
| 5. | HomeLight | 2.5% commissions | ❌ | ❌ | ❌ |
Types of Real Estate Discount Brokers in Pearl City
There are two types of Pearl City 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 Hawaii 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 Pearl City
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 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.
» 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, 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 Pearl City’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. Lifestyle Homes of Hawaii
Local Expert
Listing Price: Varies4.9/5
3500listingfee is based in Hawaii and offers its services in Honolulu.
- Flat Fee $3,500: This package includes services like MLS listing, pricing assistance, target marketing to active buyers and investors based on your property features, social media distribution, and more.
👉 Our Take: 3500listingfee has been in Hawaii for a long time. They can be a suitable choice if you want to sell a house. However, platforms like Houzeo can help you list your house for just $429 + 0.5% at closing.
Here are a few highlights of 3500listingfee:
- Property-Specific Website: 3500listingfee offers a property-specific website. It allows you to choose a personalized domain name and upload as many photos as possible.
- Clear Communication: Customers have reported that the team communicated clearly at every step. Moreover, they noted that it was pretty convenient to reach their agents.
- Document Management: 3500listingfee helps with all the complex paperwork and legal issues.
Here are a few deal breakers:
- Limited coverage: 3500listingfee is limited only to Hawaii and some surrounding areas. This limits their service coverage and buyer base.
Jeffrey Samuels, owner of 3500listingfee, has 4.9 out of 5 stars from 45 reviews on Zillow.
Jeffrey Samuels is the owner of Lifestyle Homes of Hawaii with over 25 years of experience in the Hawaiian market. They are a local full-service brokerage that charges a flat fee.
Lifestyle Homes of Hawaii provides its services in Honolulu, Ewa Beach, and other surrounding areas. They also partner up with other brokers if dealing with buyers outside their region of service.
Reviews: 3 Best Fixed Percent Discount Brokers in Pearl City
3. Pacific Image Properties
LOCAL EXPOSURE
Listing Price Not Mentioned on the Website3.7/5
Pacific Image Properties is a discount real estate brokerage that offers services across Hawaii.
- Price Not Mentioned: Pacific Image Properties has not mentioned the price of their services.
👉 Our Take: Pacific Image Properties is a decent option for buyers and sellers in Hawaii. However, you must contact them to get information about their pricing.
You get the following benefits if you sell or buy with Pacific Image Properties.
- Property Management: They provide complete long-term property management services. They assist in finding tenants, coordinate tenant move-in and move-outs, and manage property inspections and repairs.
In our research, we found certain drawbacks of Pacific Image Properties.
- Outdated Website: Their website does not provide adequate information about their services. Moreover, they are not 100% online.
- Poor Customer Reviews: Some customers have complained about the agent’s quality.
Pacific Image Properties has an average rating of 3.7 out of 5 from 3 reviews on Google.
Pacific Image Properties is a full-service real estate brokerage dedicated to the Hawaiian Islands. Their reputable agents deliver specialized services tailored for buyers and sellers. Sellers can expect personalized support, expert negotiation skills, and local market insights to maximize sale prices.
However, their website does not provide enough details about specific services, which may impact decision-making.
4. Redfin
#1 Nationwide Brokerage
1% Listing Fee3.7/5
Redfin is America’s #1 discount real estate brokerage. It offers services in 100+ real estate markets across the country in 49 states.
- Redfin Full-Service Agent – 1.5% Commission: This is a full-service package. This includes pricing assistance, listing paperwork, negotiation support, etc.
- Redfin Concierge – 2.5% Commission: The “Concierge” plan includes everything from the Full-Service package. Additional services include professional cleaning and home staging.
- Redfin Premier Agent – 1.5% Commission: This package is exclusively for luxury properties and includes everything that comes with the Full-Service package.
Mobile App: Yes
👉Our Take: When you opt for Redfin, you can save a considerable amount on the commission fees. Although Redfin tries to provide its service 3x faster than the traditional method, it limits its ability to provide personalized service.
Here are some advantages of choosing Redfin:
- Advanced Technology: Redfin is primarily known for its advanced tech platform and mobile app.
- Full-Service Agents at Low Commission – 1.5%: Redfin offers a full-service package for just 1.5%. It saves you thousands of dollars compared to the traditional 3% listing commission.
- Detailed Paperwork: Redfin handles the necessary paperwork and an elaborate listing agreement with a marketing plan.
- Nationwide Coverage: Redfin covers 80+ markets in the US.
- Easy Deal Closings: Redfin agents help with negotiations and guide you throughout your home-selling process. It will make your closing easy and faster.
» 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 the ack of personal attention by Redfin salaried 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: Customers have often complained that Redfin agents are not able to give personalized service, as they serve a high volume of clients.
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: The reality of 1% fees, pros, cons, and alternatives!
Redfin is primarily known for its advanced tech platform and mobile app. It covers 80+ markets in the US.
Redfin’s listing agreement states they will list your property on the MLS in 18 days. Services like Houzeo will list you on the MLS within 24 to 48 hours.
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 Pearl City: How Much Will You Save?💲
Pearl City 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 $46,500 to sell an average $775,000 house in the Water of Pearls. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $4,324 and save $42,176!
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 Pearl City: Pros and Cons
Even though cheap Realtors in Pearl City 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 Pearl City than a 6% Realtor. Even if you only want to list your Hawaii 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 Pearl City 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 Pearl City 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 Pearl City.
- Unreliable Service Quality: Discounted real estate brokers in Pearl City 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 Pearl City 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 Pearl City
Here are some options if you do not want to opt for a discount Realtor in Pearl City:
- 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 Hawaii will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Hawaii scour the MLS for Pearl City 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 Pearl City. You’ll end up paying a full 5% to 6% commission. That’s $46,500 on a $775,000 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Pearl City?
Houzeo.com and Lifestyle Homes of Hawaii are the top discount real estate brokers in Pearl City. Both provide an incredible combination of savings and technology. However, Lifestyle Homes of Hawaii has only 45 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 Pearl City?
On average, traditional agents in Pearl City charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokerage firms in Pearl City charge 1% to 3%.
How do I find a discount broker near me in Pearl City?
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 Pearl City?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
