You save a whopping $18,009 when selling a median-priced $600,300 home in Colorado. But how? With a discount real estate broker in Colorado, 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 Colorado Discount Real Estate Brokers
We’ve ranked the top 5 discount brokerages in the Centennial State for you to choose from.
Rank | Discount Real Estate Companies | Total Commission | Your Savings | Our Assessment |
---|---|---|---|---|
1. | Houzeo | $429 Upfront + 0.5% at Close | $9,746 | #1 Flat Fee Listing Service 🥇 Best for most sellers due to a combination of unbeatable savings, 5-star customer support, and 100% online tech. |
2. | Flat Fee Florida Realty | $3,895 | $8,336 | #2 Local Flat Rate Brokerage 🥈 Ideal for sellers who want a seasoned broker to guide their home sale. Local expertise adds value, though the cost is nearly 1% of an average Florida's home price. |
3. | SimpleShowing | 1% at Close | $8,154 | #3 Local Discount Percent Brokerage 🥉 Great for sellers seeking full-service realty with 5-Star ratings. However, paying 1% may feel steep if your home's value is between $150K to $200K. |
4. | Houwzer | 1% at Close | $8,154 | #4 1% Discount Realty Service 💸 Best for homeowners selling a high-value properties, offering significant savings. However, personalized assistance may be limited. |
5. | Redfin | 1% at Close | $8,154 | #5 Best Flat Percentage Brokerage 💸 Perfect for homeowners looking to spend 1% to avail full-service, in-person support. However, your experience depends on the agent assigned to you.. |
What Are the Types of Discount Real Estate Brokers?
Colorado 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 Colorado
1. Houzeo.com: Max Savings, No Hidden Fees
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.
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 Colorado. 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. Fixed Rate Real Estate
Fixed Rate Real Estate is a flat fee discount brokerage based in Denver, CO.
For Home Sellers:
- Full-Service Package ($5,000): This package offers services such as comparative market analysis, price assistance, and coordination of showings, all with full transparency and no hidden fees.
- 0.005% Commission: Fixed-rate Real Estate charges 0.005% upon selling a property worth $1.1M+.
👉 Our Take: Fixed Rate Real Estate markets itself as a Flat-Fee Realtor. However, they charge do 0.005% for properties above $1.1M. The flat fee model is suitable for home sellers who want to sell their house with a prepaid amount for traditional broker services. However, the flat fee is higher than other discount real estate brokerages.
Here’s how Fixed Rate Real Estate stands out:
- Experienced Agents: Fixed Rate Real Estate offers expert advice from experienced brokers at every step of the process. Moreover, many customers reported the agents kept all communication factual and honest.
- Effective Marketing Strategies: Fixed Rate Real Estate uses creative marketing techniques to increase your property’s visibility. They promote your MLS listing on various social media platforms to attract potential buyers.
- Real Estate Tools: Fixed Rate Real Estate provides many helpful tools for selling a house, such as the property valuation tool.
Fixed Rate Real Estate has certain drawbacks:
- Limited Coverage: Fixed Rate Real Estate offers its services only in Denver and some of its nearby counties in Colorado. You may not get their services if you live outside their coverage area.
- Lack of Professionalism: Customers who bought properties through Fixed Rate Real Estate reported that the agents neither responded when they needed to nor disclosed all relevant information.
Fixed Rate Real Estate has a rating of 4.9 out of 5 stars on Google.
Fixed Rate Real Estate has been in the real estate business for almost a decade. It caters to home sellers and buyers through flat fee MLS packages. However, they have limited coverage and do not have a buyer’s rebate program.
3. Homie
Homie serves as a comprehensive real estate solution:
- Listing Price ($ 5,000 to $10,000): Homie sellers pay a flat fee, which varies based on the price of the home. For sellers, it charges a flat fee rate.
👉 Our Take: Homie offers a single flat fee package to sellers and multiple in-house services to buyers. It benefits buyers with better mortgage rates, suitable insurance, and hassle-free paperwork. Hence, you may consider buying a house through a Homie instead of selling.
Below are the key advantages of choosing Homie for your home sale:
- Manage Buyer Tours: Coordinate buyer tours from anywhere, ensuring convenience.
- Expert Homie Agent: You will meet a dedicated agent who will guide you throughout the process.
- Home Value Report: Receive a personalized home value report to help you set the right price.
- Professional Photos: Homie helps you get high-quality professional photos to showcase your home.
- Social Media Marketing: Homie promotes your home on social media to reach more potential buyers.
Below are the Homie drawbacks:
- Limited Coverage: Homie provides services in Arizona, Colorado, Idaho, Nevada, and Utah.
- Customer Support: As per the customer reviews, Homie agents cannot respond with proper guidance.
- No Advanced Tech: Some clients are disappointed with their slow and outdated technology.
Homie has a 4.4 out of 5 stars rating on Google.
» Is Homie Worth It? Read to know Homie benefits when selling your house.
Mike and Johnny founded Homie in 2015 in Utah. The company claims to have saved clients over $100 million in fees and commissions. Sellers frequently praise Homie for its full-service model and savings.
Homie’s combination of convenience and cost-saving options makes it stand out in the real estate market.
Reviews: 3 Best Fixed Percent Discount Brokers in Colorado
4. HQ Homes
HQ Homes is one of the discount real estate brokerages in Colorado. They offer the following two packages:
For Home Sellers:
- 1% Commission: You need to pay a 1% commission on the final sales price to the agent. The package includes MLS listing, property marketing, and professional photographs.
For Home Buyers:
- 1% Buyer’s Rebate: Buyers get a 1% rebate of the sale price if they purchase their house through HQ Homes.
👉 Our Take: HQ Homes offers sellers all the traditional home-selling services at 1% commission. However, a high-value house may have to pay a considerably high commission.
HQ Homes offers the following advantages:
- Experienced Agents: HQ Homes agents have been in the business for 30+ years. Their market expertise can provide valuable guidance.
- Maximum Market Exposure: Properties get exposure on real estate websites like Zillow, Realtor.com, and Trulia. This can draw the attention of potential buyers and increase the number of offers.
- Buyer Agent Representation: As part of the buyer rebate program, homebuyers receive agent representation. They offer listing access, financial advice, assistance with legal matters, and more.
HQ Homes has the following drawbacks:
- Limited Coverage: The company offers services only in Denver, Boulder, and Colorado Springs. This makes their client base limited.
- Low Savings: For homes with lower sale prices, the 1% fee may not result in significant savings compared to other discount models.
HQ Homes has a rating of 4.9 out of 5 stars on Google.
Tony English established HQ Homes in 2000. It offers discounted commissions to home sellers and rebates to buyers. However, they only cover certain areas of Colorado which limits their customer base.
5. Trelora
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.
Trelora is a low-commission brokerage headquartered in Denver, CO. Their agents handle multiple clients at a time. This could lead to miscommunication and a lack of personalized support.
How Much Will You Save With a Discount Real Estate Broker in Colorado?
You could save up to $14,578 when selling a median-priced $600,300 home with a Flat Fee MLS service in Colorado.
However, if you pay a standard 3% commission fee, you’d have to pay a whopping $18,009 to your listing agent. But, with Houzeo’s Gold plan, you will only pay $429 with a 0.5% charge at closing.
Details | Traditional Realtor (3%) | Houzeo’s Flat Fee |
Median Sale Price | $600,300 | $600,300 |
Listing Fee | $18,009 | $3430 |
Savings | $0 | $14,578 |
How to Find Discount Real Estate Brokers Near Me in Colorado?
Here’s a list of the best discount Realtors in the most popular cities of the Centennial State:
Denver, CO | Discount Real Estate Brokers in Denver, CO |
Fort Collins, CO | Discount Real Estate Brokers in Fort Collins, CO |
Colorado Springs, CO | Discount Real Estate Brokers in Colorado Springs, CO |
Loveland, CO | Discount Realtors in Loveland, CO |
Pros and Cons of Discount Realtors in Colorado
Discount real estate brokers in Colorado 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. And get access to all the features and tools for a much lower fee.
- Full-Service Support: Discount real estate agents in Colorado 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 Colorado, providing exposure to a maximum no. of buyers.
❌ Cons
- Hidden Fees: Some discount brokerages in Colorado may charge hidden fees for additional a la carte services. You must do your research and opt for the best discount Realtors in CO.
- Inconsistent Service: Some discounted brokers in Colorado 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 Colorado
Here are some other options to consider for selling a house in Colorado:
- 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 Colorado that provide MLS access.
- Cash Buyers: Cash buyers in Colorado, 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.
Frequently Asked Questions
What are the best discount real estate brokers in Colorado?
The top discount real estate brokers in Colorado are Houzeo.com and Fixed Rate Real Estate. However, Houzeo stands #1 with its 4.9-star rating based on thousands of customer reviews compared to Fixed Rate Real Estate's 75+ reviews.
How much is the real estate agent fees in Colorado?
On average, traditional agents in Colorado charge a whopping 3% of the sale price as commission. On the other hand, discount real estate brokerage firms in Colorado charge a flat fee or a fixed percent of 1%.
How do I find a discount broker near me in Colorado?
To find a discount Realtor near you, check online reviews and ratings of local discount brokers. Houzeo can list your home on the MLS within 24 to 48 hours and lets you review and compare offers, manage showings everything with mobile app.