BREAKING NEWS: Post the NAR Settlement, Phoenix discount real estate brokers can save you almost the entire 6% commission. That translates to saving up to $27,000 in commission on an average $450,000 Phoenix home.
Whether you’re selling a house in Moon Valley to Ahwatukee, the best discount real estate brokers in Phoenix 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 Phoenix home.
Rankings: Top 5 Phoenix Discount Real Estate Brokers
We’ve listed the top 5 discount real estate brokers in the Valley of the Sun city based on how much you can save on an average $450,000 home.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ❌ | ✅ | ✅ | ✅ |
| 2. | AZ Flat Fee | $3,500 Flat Fee | ❌ | ❌ | ❌ | ❌ |
| 3. | Ideal Agent | 2% Commission | ❌ | ❌ | ❌ | ❌ |
| 4. | Redfin | 1% Commission | ❌ | ❌ | ❌ | ❌ |
| 5. | Trelora | 1% Commission | ❌ | ❌ | ❌ | ❌ |
Types of Real Estate Discount Brokers in Phoenix
There are two types of Phoenix 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 Arizona 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 Phoenix
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 Phoenix’s #1 ranked real estate brokerage company. It provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
2. AZ Flat Fee
TOP RATED
Listing Fee: Starting at $3,5004.9/5
240+ Reviews
AZ Flat Fee is a top-rated discount real estate brokerage based in Phoenix, Arizona. It offers 3 packages:
- Basic – $3,500 + $500: This package includes full-service listing with professional photos, MLS marketing, a sign and lockbox, and an agent to help with showings and negotiations. Suitable for homes listed under $400k.
- Standard – $5,500 + $500: It includes everything from the Basic package plus Zillow Express Video, paid ads, open houses, and twilight or drone photos. Ideal for homes priced between $400k and $900k.
- Deluxe – $9,500 + $500: It includes everything from the Standard package plus 3D Matterport, HD property videos, targeted ads, and a property brochure. Best for homes over $900k.
👉 Our Take: AZ Flat Fee is a great option if you are looking specifically for flat fee real estate brokerages, as they provide full service and have great customer feedback.
AZ Flat Fee offers the following advantages:
- In-House Agents: Full-time agents handle everything from showings to negotiations. This service is included in all packages.
- Flexible Pricing: You can choose from three packages based on your home’s value.
- Professional Photography: Included with the flat fee, ensuring homes are well-represented in listings.
Here are some downsides of working with AZ Flat Fee:
- Upfront Costs: There is a $500 listing fee required upfront with every package.
- Expensive for Higher-Priced Homes: The basic package is affordable, but for homes valued at $900k+, you need to pay $9,500. This cost is close to traditional commission rates.
- Limited Features for Low-Cost Properties: Advanced marketing features like HD walkthrough videos and drone photography are only available in the Deluxe packages.
- Local Market Restriction: AZ Flat Fee focuses on Arizona, limiting its services to that region only.
AZ Flat Fee has a rating of 4.9 out of 5 on Google.
AZ Flat Fee is a Phoenix-based flat fee, full-service Realtor. They provide a range of services to help homeowners throughout the selling process.
AZ Flat Fee has good customer reviews, which makes them more trustworthy.
Reviews: 3 Best Fixed Percent Discount Brokers in Phoenix
3. Ideal Agent
Agent Matching Service
Listing Fee: 2% of Sale Price5/5
Ideal 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?
Ideal Agent is an agent-matching service headquartered in Florida. It connects sellers and buyers with partner agents in its network.
These agents pre-negotiate their commission with Ideal Agent. This fee is higher than the other agent matching services. You will have to pay a 2% commission, from which the broker pays 25% to the company as a referral fee.
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. Trelora
FULL-SERVICE REALTY
Listing Fee: 1% of sale price at closing4.3/5
130+ Reviews
Trelora is a full-service realty. It simplifies home ownership and makes real estate transactions transparent and fair.
- 1% of the Sale Price at Closing: Trelora lists and advertises your home on multiple marketplaces at just 1% of the sale price, which is typically a minimum of $3,000.
- 1% Buyer Broker Commission: Trelora offers just 1% buyer broker commission, with an option to cancel anytime until you go under contract.
👉 Our Take: Trelora is a good choice for sellers who prioritize savings and simplicity, but those who need hands-on agent attention may want to consider alternatives.
Here’s what makes Trelora a suitable option for your real estate transaction:
- Market Exposure: Along with the local MLS, your listing will also be advertised on sites like Realtor.com, Zillow, Trulia, etc.
- No Hidden Fees: Trelora doesn’t charge any hidden fees. The cost of all their services is included in the 1% of the sale price.
- Professional Photographers: Trelora’s listing package includes professional photography of your house to highlight its features.
There are some disadvantages of Trelora that you should consider, including:
- Lack of Personalized Support: Trelora might be less suitable if your situation is complicated and requires more personalized support.
- Limited Coverage: Trelora is available only in Arizona, California, Colorado, Georgia, Illinois, North Carolina, South Carolina, and Washington.
- Weak Customer Support: Customers have experienced a lack of clear communication while working with Trelora agents.
Trelora has an average rating of 4.3 out of 5 on Yelp.
» Trelora Reviews: Check out the customer reviews that can help you know more about Trelora.
Joshua Hunt established Trelora in 2011. It is headquartered in Denver, Colorado. Trelora was acquired by Houwzer, a prominent real estate firm, in December 2022.
Trelora does not assign a dedicated agent to home sellers. Instead, they connect you with a different agent at every step of the process. This may lead to delays, mistakes, and miscommunication.
Discount Real Estate Brokers Phoenix: How Much Will You Save?💲
Phoenix 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 $27,000 to sell an average $450,000 house in the Valley of the Sun city. But, if you choose a flat-rate broker company, you save thousands. With Houzeo’s Gold plan, you only pay $2,679 and save $24,321!
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 Phoenix: Pros and Cons
Even though Phoenix’s discount real estate brokers 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 Phoenix than a 6% Realtor. Even if you only want to list your home on Arizona MLS, you pay a much lower fee than the typical 3% listing agent fee.
- Receive Full-Service Realtor Services: Discount real estate agents in Phoenix 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 Phoenix 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 Phoenix.
- Unreliable Service Quality: Discount real estate brokers in Phoenix 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: A discount realty company 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 Phoenix
Here are some options if you do not want to opt for a discount Realtor in Phoenix:
- Sell Your Home For Sale By Owner: In a FSBO sale, you will have to opt for “DIY” marketing strategies like using FSBO yard signs, word of mouth, open houses, etc. But your listing won’t be on Redfin, Trulia, Zillow, Realtor.com, and Homes.com. Meanwhile, FSBO websites in Arizona will help you list on the MLS and increase exposure.
- Sell Your House to Cash Buyers: Almost all cash buyers in Phoenix scour the MLS for Phoenix 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 Phoenix. You’ll end up paying a full 5% to 6% commission. That’s $27,000 on a $450,000 home gone!
Frequently Asked Questions
Who are the best discount real estate brokers in Phoenix?
Houzeo.com and AZ Flat Fee are the top discount real estate brokers in Phoenix. Both provide an incredible combination of savings and technology. However, the AZ Flat Fee has only 4.9 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 Phoenix?
On average, traditional agents in Phoenix charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokers charge 1% to 3%.
How do I find a discount broker near me in Phoenix?
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 Phoenix?
Yes, you can! Infact, post the NAR Settlement, you can now also negotiate buyer’s agent commissions.
