Michigan is one of the most affordable states for home buyers to buy a property where the median house price of just $259,000. It is not ideal for home sellers to pay hefty commissions to agents in this market.
Hence, low cost realtors are high in demand as they charge lesser commissions. Let’s look at some of the best discount real estate brokers in Michigan to make your work easier.
» Jump To:
- Rankings: Best Discount Real Estate brokers in Michigan
- Reviews: Best Discount Real Estate brokers in Michigan
- Everything You Should Know About Selling with Discount Real Estate Brokers & Companies
- Alternatives to Discount Real Estate Brokers in Michigan
Rankings: Best Discount Real Estate Brokers & Companies in Michigan
|Rank||Discount Real Estate Broker / Company||Listing Fee||Max Savings||100% Online||5-Star Reviews*||Broad Coverage||Mobile App|
|2.||Linked Realty||$4000 |
|3.||Modern Way Realty||$795 or $895 |
|5.||Ideal Agent||1.5% |
Reviews: Best Discount Real Estate Brokers & Companies in Michigan
Houzeo an online real estate company, provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.
💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.
📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.
⚡ Fast Listing & Changes: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.
⭐ 5-Star Customer Support: Home sellers across America have rated Houzeo 4.9 out of 5 stars on major review sites like Google and Trustpilot. There is comfort in the fact that when you call, a live person picks up the phone on the other line.
📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:
- IntelliList Listing Management System: Lets you manage your listing 100% online.
- Houzeo Showings: Manage to show appointments online.
- Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter any offer. In a multiple-offer situation, you can also call for the highest and best offers.
- Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
- Houzeo Settlement Agent Platform: Guides you to your closing.
👉 Our Take: Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.
- Nationwide coverage
- Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
- Quick listing (within a day with concierge)
- Savings on commissions
- 100% online – easy listing, fast changes, online showings, and online offers
- Mobile app availability
Houzeo is available nationwide.
2. Linked Realty
Linked Realty provides its full service at a flat fee in Michigan. Their package includes everything from market analysis to closing the sale process.
💰Save More: Linked Realty charges a flat fee of $ 4000 irrespective of the house price. This ensures that each seller gets the same benefit included in their plan.
👨💼 Agent Support: Realtors at Linked Realty Brighton MI are highly qualified agents who have worked in Michigan for years. Their experience allows them to provide local market insights to their clients.
🌟Features: The package includes professional photographs, MLS listing to popular sites, market analysis, showings, and negotiation of the closing sale price.
⚠️DISCLAIMER: Linked Realty charges a marketing fee of $499 that includes advertising, yard sign, lockbox, flyers, and more. This fee is reimbursed at the time of closing.
- A great choice for sellers in Michigan who are looking for a flat fee realtor.
- Market Analysis
- Professional Photography
- MLS listing on popular sites like Zillow, Realtor.com, and numerous other websites.
- Showings are coordinated.
- Additional fees for marketing are chargeable. This amount will be reimbursed at the close.
Not enough credible sources were found to provide the information.
Linked Realty covers the state of Michigan
3. Modern Way Realty
Modern Way Realty is a Flat Fee Michigan company that offers two full-service packages priced at $795 and $895. Besides these, they also offer 2 MLS listing packages of $395 and $495.
💰 Low-Cost Packages: Modern Way offers sellers 2 options of a full-service package, a $795 and an $895.
>> $795 Premium Package: 6 months listing, 25 photos, paperless transactions, exposure on popular real estate websites, negotiations, contract review, and more.
>> $895 Platinum Package: 12 months listing, 40 photos, paperless transactions, comparative market analysis, exposure on popular real estate websites, open house announcements, negotiations, contract review, and more.
👨💼Agent Management: Full-service packages include dedicated agent support who will help at every step of the process.
🌟 Additional Features: The packages also include a closing costs calculator, FREE ShowingTime setup, additional listing tools, etc.
- Full-service packages with 6-12 months listing and other additional benefits.
- Qualified Agents
- Exposure to major websites like Zillow, Trulia, and Reator.com
- Comparative Market Analysis. (Only in the Platinum Package)
Modern Way Realty has a 5 out of 5 rating on Google Reviews.
Modern Way Realty is available only in Michigan.
UpNest is a discount realtor marketplace that allows you to compare the best real estate agents in your neighborhood.
🚨False Claims: It claims to have facilitated billions of dollars in home sales and saved consumers millions of dollars in commissions but that is inaccurate.
💵Marginal Savings: The platform provides a no-obligation service and maps you with local real estate agents. The savings are minimal because the commission fees are still high.
👨💼Informative Agents: The good part is that the agent proposals provide a lot of information to choose a discounted realtor.
- No obligation service
- High-quality agent network
- User-friendly customer dashboard
- No savings on agent commission
- Average listing speed
- No guarantee of agent quality
- Poor customer service
UpNest has an average rating of 4.9 out of 5 on BBB.
UpNest has nationwide coverage.
5. Ideal Agent
💰 Ideal Agent helps the sellers find quality low commission real estate agents. The listing fee on Ideal Agent is 2% which leads to only marginal savings.
📣 With the free-of-cost agent matching service, there is no obligation to work with the recommended low-cost real estate agents. Additionally, the company has strong criteria for selecting agents (only top 1% sale producers).
👉 It is required by the sellers to talk to the concierge on the phone post to which an agent is assigned. This does create a delay in the selling process. On average, a seller saves approximately $3000 – $4000 while listing with Ideal Agent.
- Qualified agents
Ideal Agent has an on TrustPilot.
Ideal Agent is available throughout the U.S.
Everything You Should Know About Selling with Discount Real Estate Brokers & Companies
What are Discount/ Low Commission Real Estate Brokers & Companies?
Discount real estate brokers or low cost realtors are people that provide specific services for a discounted fee. Instead of charging the seller standard agent commission of 3% (listing agent commission), low cost realtors will work for less (such as a 1%-2% commission or a pre-defined flat fee) and provide restricted services. The reduced fee can easily save sellers a good amount of money.
A discount real estate broker typically offers the same services as a traditional agent. The key difference is in the price of the service.
Types of Low-Cost Realtors
Low fee realtors in Michigan are of 4 types:
1. Flat Fee MLS Brokers
A flat fee MLS listing company or service is nothing but a registered real estate agent with a low commission or discounted broker that lists your home on the Michigan MLS for an upfront flat fee.
The seller and the broker agree on a la carte services, and the broker takes a flat fee instead of a percentage of the home’s sale price. Say you want to sell a $550,000 home. A traditional agent will charge you between 2% and 3% of the sale price, that’s $16,500!
With a flat-fee model, you’ll pay an average of $300, which includes listing and marketing. Even if you choose to add services like pricing and buyer negotiations, you will still save plenty of money.
Want Traditional Realtor’s Service With Minimal Interaction?
👉 Houzeo makes it possible!
Houzeo offers competitive deals with a 100% online presence and cutting-edge technology. Houzeo’s tech-centric broker partners charge just the upfront flat fee and no commission for all DIY plans.
2. Virtual Full-Service Agents
Think of everything a traditional agent does, from listing your property, marketing it, pricing it, negotiating with buyers, and closing it.
An online low-cost realtor does all that – online. Because of their cloud-based presence, they have many advantages such as lesser fees, discounted commissions, and much better management and marketing support. Many MLS listing companies like Houzeo, also provide full-service options that are 100% online.
- ✍️ SAVE: A virtual full-service company will not provide any in-person agent support, meaning, you will have to take over most of the groundwork. It may not be the best option for a first-time seller.
3. Flat Rate Low Commission
You can choose a low commission (flat-rate) agent in some markets. For a flat fee of $3,000 to $6,000, the agent will sell your home. The flat rate is usually based on how much the house is worth and how well the agent does their job. In this case, there is no percentage listing fee. Everything has a fixed price. Homie is one of the best examples of a real estate broker with a flat rate listing of $3500 and a low commission rate. Since Homie doesn’t offer as many services as a full-service real estate agent, it can easily make up for the lower prices it charges.
Think about the following situation: The price on the list is $450,000. With a flat-rate model, the agent’s commission fee stays the same no matter what happens, even if you agree to sell your home for less money. This is because it is a flat rate that doesn’t depend on how much the house is sold.
Before you hire a flat-rate agent, you should find out what kind of service you can expect from the company. Make sure you’ve read the contract all the way through before you sign it. Some services, like consultation, professional photography, yard signs, and other marketing materials might be included in the flat fee, but this is not guaranteed.
So, if you don’t include them in your budget, you may have to pay a lot of money out of your pocket. Any contract with a flat-fee agent needs to be read carefully, especially the small print. Also, keep in mind that even if you use a flat-rate agent, you will still have to pay the buyer’s agent fees, which will be between 2.5 and 3 percent.
4. Discounted Commission Full-Service Real Estate Agents
A full-service low-fee realtor offers many of the same services as a traditional realtor for a low listing fee or flat rate, but they charge lesser. When a house is sold, they give the seller money back in the form of a discount on their commissions.
For example, if a full-service discount broker charges 1.5 percent of the sale price instead of the standard 2.5 percent of the sale price on a $450,000 house, you will save $4,500 in commissions. There are many discount real estate brokers, but they are not all the same.
Some have a lot more value and a lot less risk than others. But in most businesses, you have to take what you can get. All of these things could happen if there aren’t many services, if there’s less support if agents don’t have much experience, and if there’s not much to choose from.
👍 BETTER IN ALL – AGENTS, SERVICES & SAVINGS!
Why pay a higher commission for a lower service? With Houzeo you can get better services at an affordable price!!
- 👩💼Qualified and Reputed Agents
- 💰You list your home at a very reasonable price within 24 hours
- 📣 Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites
- ⭐ 5-Star Customer Support
- ❌ You can cancel anytime with no obligation
4 More Ways To Get Discounted Realtor Fees
Are you a good negotiator? Commissions in the real estate industry can be negotiated. Even if the company is a flat-rate discounter, you can always ask for a few minor tweaks. You can lower the amount you pay by a wide range of factors, including the location of your property, its condition, and the brokerage.
Houzeo, a low-cost real estate company, can save you tens of thousands of dollars in commissions while still providing excellent service. If you want to lower your commission, keep reading to learn how:
Average Area Commission
Know your leverage before negotiating. For example, the Michigan real estate commission can influence your sale price. Lowering your overall commission without the complete information is not advisable. Once you know your reference point, negotiations can get a lot more reasonable.
Buying and Selling With the same Discount Brokerage
Using the same discount brokerage or company to buy and sell has its own set of advantages. It makes you more likely to be repeat customers, giving you more chances to get refunds and cheaper commissions. For example, Landfall Properties, an MLS listing company, offers a rebate that can only be applied to your next purchase with the same company.
Choose the right discount broker
For example, picking a flat rate discount broker may not be the best option if your house is priced lower. You will wind up losing more, instead, for maximum savings, you can pick a flat fee MLS company.
Buyer Agent Fees
Almost all buyers work with an agent. For maximum savings, offer a competitive buyer agent commission. Once you cut out the risk factor of selling the house, your listing agent will be more comfortable with lowering their fee.
How to choose a Low commission/ Discount Real Estate Broker, Brokerage, or Company?
To find a low-commission real estate agent or a discount realtor, look for a low-commission brand. Check for services and top companies. You will be assigned a low-commission real estate agent based on brokerage policies. As a seller, you can choose the right broker. Then you can use the chosen broker.
Low Commission Real Estate Agents/ Discount Realtors Who Offer Flat Fee MLS Near Me
Before opting for a low commission brokerage, you would want to know its coverage. All the low-commission real estate agent providers do not have the same coverage. Some have nationwide coverage while some are restricted to a few states.
We’ve compiled a list of the best flat fee MLS Listing Services in each state. Click on your state to check them out!
Alternatives to Discount Real Estate Brokers in Michigan
A traditional agent assists you in buying, selling, renting, and all other aspects of real estate. A listing agent and a buyer agent are two types of traditional agents. Agents operate for brokerages and companies or under the supervision of a qualified broker.
Let’s get down to business with their commissions. The average overall commission fee for selling a home is 5%. This is deducted from the seller’s proceeds and shared between the listing and buyer agents. The commission rate changes regularly and is determined by the location of your property.
The listing agent assists the seller in the sale and marketing of their home. The buyer’s agent, on the other hand, brings in clients who buy the house. They each get 2.5 percent after closing for a total of 5%.
An instant buyer, often known as an iBuyer, is a corporation that buys houses for sale for a cash offer. Unlike the usual way, the major goal is to sell it swiftly and efficiently. They employ cutting-edge technology and provide you with complete closing flexibility.
They make reasonable offers, although with a large service cost. Most iBuyers charge additional closing fees, which can easily push your commissions up to 12%! For example, Redfin Now charges up to 13% in service fees, 3% in maintenance fees, and 1% in closing costs, which can potentially total up to a staggering 17 percent!
iBuyers have their own set of rules, with costs that aren’t necessarily in line with market norms. It is always better to pick a discount real estate broker instead and save thousands of dollars!
For Sale By Owner
As the term indicates, a for sale by owner property is sold by the owner without the assistance of a listing agent or real estate broker. It’s the most cost-effective approach to avoid commissions and selling your house quickly. FSBO is ideal for sellers with some experience with the selling process and marketing. The best way to FSBO is to list on the Multiple Listing Service. Their large database allows them to market your home to agents throughout the country, allowing it to sell faster and with the most exposure possible.
Let’s Find Out How Houzeo Works
Real estate bargain brokers fall midway between a for-sale-by-owner and a full-service agency. With MLS listing packages starting at $349 and cutting-edge technology that allows you to manage your property, review offers, counter, and manage showings online and via their mobile app, Houzeo delivers the best of both worlds.
Check out the following video to understand: What is Houzeo? How does it work? And, why it is the best FSBO & Flat Fee MLS platform out there?
What is Houzeo?
An overview of what the platform is all about
There are several low fee realtors and discount real estate brokers in Michigan present in the market today that provide unique services. For a seller, it is recommended to check on pointers like listing fees, listing time, services offered, customer service, coverage, and technology to select a particular broker.
While there is close competition between the umpteen discount realty companies, Houzeo comes out to be a clear winner. With Houzeo, you get almost everything you require to sell your property. Not only sellers, but Houzeo also helps buyers with a lot of add-on features.
Moreover, Houzeo is 100% online and automated to cater to various seller needs. Additionally, the platform is one of the leading Flat-Fee MLS providers that has changed the way FSBO works in the real estate industry.
Frequently Asked Questions
How much does MLS access cost?
Sellers have 2 options to access the MLS, either they can opt for a Flat fee MLS listing or a full-service discount broker in Michigan. They can also approach a full-service traditional agent to list their property on the MLS, but the seller may have to pay exorbitant commissions. Instead, they can choose a discount broker to list and sell their property at a lower rate.
What percentage do most realtors charge in Michigan?
The average real estate commission in California is 5%-6%. For example, if your house is priced at $550,000, a traditional agent will charge you between 2% and 3% of the sale price - which is $16,500!
How much are closing costs in Michigan?
Closing costs in Michigan include seller and buyer agent commission, home warranty fees, home inspection fees, and more. So, if the final sale price of a house is $550,000, then the closing costs can be approximately $34,000! this is a large sum of money if the seller goes to a traditional agent. A seller can save on the closing costs if they approach a low-cost realtor.
Who pays closing costs in Michigan?
Closing costs are borne by both buyer and seller. They pay the final costs based on the legal agreements and have to pay separate amounts. However, the closing costs are higher for sellers because they pay the buyer and seller agent's commissions as well. Both buyers and sellers must be careful before the final closing and ensure they settle after verifying all details and a thorough check.
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