Lowes Flat Fee Realty Reviews: Real Estate Updates (2024)

Lowes Flat Fee Realty is an MLS listing service in the US. They offer flat fee services in Idaho and Oregon. Sellers can save on the hefty 6% Realtor commission with Lowes Realty's Flat-Fee model.

Editor’s Rating

4.8

User Rating

0

(0 Reviews)

Write a review

Pros

• Your property gets maximum exposure.
• You could get the highest possible price for your home.
• You skip paying thousands in Realtor commissions.
• You benefit from their expert selling guidance.

Cons

• The listing plans are on the expensive side.
• The company has limited coverage area.

Lowes Flat Fee Realty is an MLS listing service in the US. They offer three listing plans- Showcase, Premium, and Full Service Realtor for a Flat Fee. This ensures you save a bunch of dollars in 6% Realtor commission.

It’s a fact that sellers fetch higher prices on the MLS. Statistics show that listed homes sold for an average of 13% more between 2019 and 2022. So, you can expect a good price selling on the MLS with Lowes Realty as well.

However, there’s a catch- you might not be able to save a significant amount with this company. Although a static fee, the cost of all three listing plans is slightly on the higher side.

Therefore, we suggest using an affordable option like Houzeo to make the most out of your home sale. You get to choose from 4 affordable Flat Fee packages to meet your selling needs. As a result, you keep more of your money in the end.

✍️ Editor’s Take: Sell your home using an FFM company like Houzeo. They help get you on the MLS within 24 hours, maximizing exposure for your home. Furthermore, you can choose from Houzeo’s affordable packages starting from $399 and save thousands of dollars on agent commissions. Compare Lowes Flat Fee Realty vs. Houzeo.

Is Lowes Flat Fee Realty Legit?

Yes, Lowes Flat Fee Realty is a licensed brokerage in Idaho and Oregon. Roger Lowe and Adam Lowe founded the company in 2006. Both of them have vast real estate knowledge and specialize in fetching great deals for their clients.

When we searched online, we found that Lowes Flat Fee Realty has an A+ BBB accreditation since 2016. Furthermore, they have many customer reviews on credible sources like Google.

Coverage

Lowes Flat Fee Realty covers only two states in the US: Oregon and Idaho. Although they have limited coverage, they are region experts and have years of real estate experience. So, you can be sure of a smooth and systematic sale.

However, it is noteworthy that you might not be able to avail of their services if outside Idaho and Oregon. In such a case, Houzeo can help. Houzeo has a wide coverage area that helps you sell from anywhere you want.

Packages and Pricing

Lowes Flat Fee Realty offers several service packages tailored to different customer needs. However, more comprehensive services like staging and extensive property promotion are not included in their packages.

Lowes Flat Fee Realty offers three Flat Fee MLS listing packages.

• Showcase– $399: This package includes a listing term of 6 months with 25 photos. Furthermore, your listing gets syndicated to Zillow, Trulia, and Realtor.com.
• Premium– $799: This package includes services from the Showcase package. You get to list for 6 months with 35 – 70 photos on the MLS. It also offers free open houses, buyer call forwarding, agent scheduling, and full support via phone and email.
• Full Service Realtor– $399 + 0.75% at Closing: With this package you list your home on the MLS in Oregon and Idaho up to the sold stage. It offers services similar to the Premium package. Besides this, you get professional broker contract, pricing and negotiation assistance, etc.

How Do They Work? 

Lowes Flat Fee Realty operates on a straightforward model. Here is a 5-step process:

• Select a Plan: You need to select one of the three listing plans- Showcase, Premium, and Full Service Realtor offered by the company.
• Enter Details: Once you make the payment for your chosen plan, login to the online portal. Post logging in, enter your property details, photos, and set your asking price.
• Market Your Property: After Lowes Realty lists your property on the MLS, you have to step up your marketing game. Open houses are one of the ways that you can opt for to gather potential buyers.
• Accept an Offer: Lowes Realty helps you with prepping, countering, negotiating, and reviewing the offer. Review all the offers and accept one that you like.
• Close Conveniently: Close at your desired date and get your money as soon as possible.

Net Proceeds With Lowes Realty

Here’s an example to understand how much money you can net with Lowes Flat Fee Realty:

Suppose you’re a first time seller with a home valued at $500,000. You chose the Lowes’ Premium plan to sell your home. With this plan, you manage to get up to 90% of your home’s value i.e. $450,000 on the MLS. In this case, your net proceeds would be around $449,200.

This is a whopping $800 drop from what you got on the MLS. We feel this is slightly on the higher side. Therefore, selecting affordable yet quality packages like the ones from Houzeo is a better choice.

Lowes Flat Fee Realty: Reviews and Ratings

The company has a 4.8 stars out of 5 based on 112 Google Lowes Flat Fee Realty reviews. Surprisingly, despite being accredited on BBB, the company lacks any reviews on platform.

Lowes Flat Fee Realty Reviews: Praises

✅ Dawn Hawkinson loved the company’s professional service. He was able to sell smoothly with assistance at each step.

✅ Ginger Elmore appreciated the quick responses received by the company. He could sell his home in just a few days after listing on the local MLS.

Lowe Flat Fee Realty Reviews: Complaints

We found not many people have complained about Lowes Flat Fee Realty on Google. Only one person, Andrew Lowell , mentioned that they didn’t respond well to his questions. It’s worth noting that this complaint is from 7 years ago and may not reflect their current service.

Pros and Cons

Here are the pros and cons of Lowes Flat Fee Realty:

👍 Pros

• Market Exposure: Apart from MLS, your property also gets listed on many popular websites like Zillow, Trulia, Realtor.com, and many more.
• Highest Possible Price: Your property is listed on the MLS and other real estate websites. As a result, you might attract the best deal for your home.
• State Disclosures: All packages include the necessary contracts, forms, addendums, and disclosures you need to sell your house.
• Virtual Tour: You can insert your virtual house tour link into the MLS. This will help your listing attract potential buyers’ attention.

👎 Cons

• Costly Packages: Their packages start from $399 and go up to $799+ a closing fee. So, almost of all of their packages are a bit on the higher side.
• Limited Coverage: Lowes Flat Fee Realty covers only Oregon and Idaho in the US. You might not be able to avail of their services if you are outside their service area.
• Less Agent Involvement: Lowes Flat Fee Realty provides support throughout the home selling process. However, their level of involvement might be less comprehensive compared to full-service real estate agents.

Competitors

» Jump to: Lowes Realty vs. Houzeo | Lowes Realty vs. Sundae | Lowes Realty vs. We Buy Houses

Lowes Realty has various potential competitors. We have selected them based on three metrics such as savings, speed, and coverage.

1. Savings: Lowes Realty vs. Houzeo

Lowes Realty operates on a flat fee model. They list your property on the MLS for $399 to $799. While you could secure a good sale price, your net proceeds may still be lower than expected. This is because their packages are costly.

Houzeo is also a flat-fee MLS company. You get to save thousands of dollars with Houzeo as their packages are quite affordable. So, if you wish to save more, you can consider selling through Houzeo.

2. Speed: Lowes Realty vs. Sundae

Lowes Realty lists your property on the MLS. On average, it takes around 61 days to sell on the MLS. You can expect the same selling timeframe with them.

Sundae is a cash-buyer marketplace. Like most cash buyer marketplaces, they provide you quick cash offers. So, if you’re on a time crunch, Sundae could suit you better.

3. Coverage: Lowes Realty vs. We Buy Houses

Lowes Realty has limited coverage. They only cover Oregon and Idaho in the US. You might not be able to avail of their services if you’re outside their coverage areas.

We Buy Houses is a famous cash buyer that purchases properties as-is. They have nationwide coverage. So, they would be present in all of the US.

Flat Fee Listing Services Near Me

Lowes Flat Fee Realty Reviews: Should You Sell With Them?

Yes, Lowes Flat Fee Realty might be a good option as they could help you get a top-dollar deal. However, your profits could be lower.

Their starting package is $399 and $799 for the full service one. We feel this price range is on the higher side and can reduce your overall net proceeds.

Also, if you have specific needs or if you prefer a more hands-on approach with a dedicated agent, you may want to explore other options.

For sellers looking for the best price and big savings, Houzeo can be a good option. You can list your property on the MLS for a reasonable fee with Houzeo and save thousands in Realtor commissions.

Frequently Asked Questions

Write a Review

Please give a rating

Name Your name is required

Write a review for Lowes Flat Fee Realty Write a comment

Verify & Submit

Thank You!

Your review has been submitted.

It will be published within 24 hours.

Okay