7 min read Jun 01, 2024

Top 5 Discount Real Estate Brokers in Mississippi (2024)

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Edited By

Jason Joshi

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Editor
Edited By

Jason Joshi

Editor, Houzeo
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Jason is a passionate content editor working at Houzeo. He has an eye for detail and keeps himself updated with the recent trends in the real estate market. He also likes to travel and explore places.

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From Jackson to Meridian, sellers across Mississippi can save thousands on real estate agent commissions. With discount real estate brokers in Mississippi, you can slash the traditional 6% rate down to just 2% to 3%.

The current median home price in Mississippi is $294,000. The traditional 6% commission will cost you a whopping $17,640. A discount Realtor offers you similar services at just 1.5%. With a competitive buyer agent commission of 2.5%, you now have to pay only a 4% fee. That’s just around $11,760.

You can lower this amount to around $8,820 if you list on the MLS with Houzeo’s Gold plan. You also get the professional services and tools available to real estate agents at a fraction of the cost.

Rankings: Best Discount Real Estate Brokers and Companies in Mississippi

We’ve researched and compiled a list of the best discount real estate brokers for you.

RankDiscount Real Estate Broker / CompanyListing FeeAdditional ChargesMax Savings100% OnlineMobile App
1.Houzeo.com$399
Flat Fee
2.Ideal Agent2%
Commission
3.UpNest4.3% or As Decided
by Agent
4.I Sold My House$399
Flat Fee
5.List with Freedom$149
Onwards

Reviews: 5 Best Discount Real Estate Brokers in Mississippi

1. Houzeo.com

#1 Discount Real Estate Service

Houzeo.com
Houzeo Logo
  • Listing Fee: $399
  • Available nationwide
  • 5 Stars 4.9/5 (8,400+ Reviews)

Houzeo is a top technology-driven real estate platform. It offers 4 different packages:

  • Bronze Package ($399): List your house for 6 months. You can upload 24 house photos.
  • Silver Package ($399+0.5% at Close): List your home for six months and post maximum photos. Unlimited open houses and listing modifications are included in this package.
  • Gold Package ($429+0.5% at Close): This gives you all the benefits of the Silver package. It also provides licensed broker assistance, contract review, etc.
  • Platinum ($449+1% at Close): This package offers virtual full-service support with a licensed broker. You can list for 12-month. 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 MLS. On average, home sellers who used Houzeo saved $11,490.
  • 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 easy.
  • 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.

There are no dealbreakers with Houzeo.

» Houzeo Reviews: Houzeo is rated “Excellent” by 8,400+ happy customers on Google Reviews and Trustpilot!

Houzeo Reviews: With over 8,400+ happy customers, Houzeo is the most trusted discount real estate broker.

Houzeo is America’s #1 ranked real estate brokerage company. It provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.

Houzeo’s flat fee feature helps you save thousands on agent commissions. You also get dedicated customer support that makes the home-selling process much easier and effortless.

2. Ideal Agent

GOOD CUSTOMER SERVICE

Ideal Agent
Ideal Agent Logo
  • Listing Fee: 2% of Sale Price
  • Nationwide coverage
  • 5 Stars 5/5 (6,240+ Reviews)

Ideal Agent is an agent matching company. It offers a single listing package for its sellers:

  • Full Service (2% Commission): Ideal Agent charges a 2% commission on the home’s sale price. On an average home price of $400,000, you will be charged $8,000 to sell your house.

👉 Our Take: Ideal Agent offers full-service assistance for home sellers. However, it does not provide any cash rebates to buyers.

» What Is Ideal Agent? Know what Ideal Agent customers have to say about their services.

Ideal Agent offers certain advantages: 

  • Pre-Negotiated Commission: Ideal Agent has fixed the commission with their agents. This helps sellers to focus on the important aspects of the deal like showings, staging, home inspection, etc.
  • Time-Saving: You will be paired with the most capable agent. They’ll save you time and effort by giving you step-by-step assistance.
  • Dedicated Concierge: Their agents will assist you at each phase of the deal, from marketing to negotiation and closing.

» How Does Ideal Agent WorkHere is a detailed explanation of Ideal Agent services.

Ideal Agent offers certain disadvantages:

  • No-Multiple Matching Agent: The ideal agent matches the seller with only one agent. You don’t get to choose the agent based on your requirements.
  • Sub-Par Agent: Several customers complain about being assigned agents with low reliability.
  • No Buyer Support: Ideal Agent isn’t a buyer-focused platform and they do not offer any significant benefits for home buyers.

Ideal Agent has a rating of 5 out of 5 on TrustPilot.

» Is Ideal Agent Worth it? Find out how Ideal Agent can help you get higher profit. 

Steve Johnston established ldeal Agent in 2016. It is headquartered in Tampa. It offers all the traditional realtor services with a 2% commission on home sale value.

Ideal Agent lacks a modern technology system. Customers who have used their services have complained about hidden charges.

3. UpNest

Negotiable FEES

UpNest
Upnest logo
  • Listing Fee: 4.3% of the Sale Price (or as decided by the agent)
  • Available in all major cities
  • 4.75 Stars  4.7/5 (295+ Reviews)

UpNest is a marketplace that connects home sellers and buyers with local agents.

  • Pricing: UpNest does not charge you any upfront fee. It allows their agents to discuss the pricing with you like commission, fees, discounts, etc.

👉 Our Take: UpNest introduces you to 2 to 3 agents once you register on their platform.

» Is UpNest Legit? Find out if UpNest can be the best option for your house sale.

UpNest offers certain advantages:

  • No Fees: UpNest does not charge you an upfront commission. Instead, you are introduced to an agent to discuss the services and commissions.
  • User-Friendly Dashboard: It has a user-friendly dashboard which makes it easy to compare agent profiles.
  • No Obligation Service: UpNest connects you with multiple agents as soon as you sign up with them. If you are not satisfied, then you can simply walk away.
  • Nationwide Coverage: Prevu offers service throughout the US. It connects you with the local agent who has current market insights.

» What is UpNest? Read the comprehensive study for UpNest to learn more details!

UpNest has certain disadvantages:

  • Lower Savings: The commission depends on your negotiation with the agent. A higher commission fixed would make you pay more.
  • Uncertain Customer Service: Some customers share feedback of agents being extremely helpful and knowledgeable. However, less experienced agents struggle to answer simple questions.

» How Does Upnest WorkAgent-matching at UpNest is pretty straightforward. Check it out!

UpNest has a rating of 4.7 out of 5 stars on Google.

» UpNest Reviews: How Much Will it Save You in 2023?

UpNest is a licensed agent-matching brokerage. It is headquartered in California. Move, Inc.,(Realtor.com the parent company) acquired Upnest in June 2022.

UpNest pairs you with local agents with a proven sales record. However, you may end up fixing a high commission for the agent.

4. I Sold My House

Experienced Broker

ISoldMyHouse.com
I Sold My House
  • Listing Fee: $399
  • Best Companies that Buy Houses for Cash in Raleigh, NC 4.5/5 (15+ Reviews)

ISoldMyHouse.com is an online real estate website for sellers. It offers three home-selling models.

  • Flat Fee Packages  ($299 and $399)ISoldMyHouse.com offers 2 flat fee packages known as ‘Get Listed’ and ‘Get Sold’ respectively. It offers you an MLS listing, buyer leads, and FSBO listing on ISoldMyHouse.com.
  • FSBO Packages (3% Commission):  This package offers all home-selling services at a discounted commission. It includes services like professional photographs, a yard sign, a lock box, and many more.
  • Cash Buyer: ISoldMyHouse.com has a wide network of pre-approved cash buyers. The potential home buyers may receive an obligation-free cash offer.

👉 Our Take: ISoldMyHouse.com offers several packages for its home sellers. You can pick and select the one that suits your requirements in selling your house. However,  it does not provide any services for home buyers.

ISoldMyHouse.com offers certain advantages:

  • Experienced Broker: Kris Lippi, the owner of ISoldMyHouse.com, is an experienced real estate broker. His experience and knowledge can help you sell your house faster.
  • Strong Customer Support: ISoldMyHouse.com has excellent reviews from sellers who have used their services. Quick responses and guidance at each stage highlight their strong customer support.
  • Cash Buyer Option: You can sell your house as-is to a pre-qualified cash buyer. This option allows you to close quickly without paying any closing costs.

ISoldMyHouse.com has a few drawbacks:

  • Time-Consuming: ISoldMyHouse.com does not have an automated online service for selling a house. The process is slow and it can take a few hours or even days to list your house.
  • No Mobile App: It does not provide a mobile app to its customers. This will make you take extra time to visit the seller’s office for any documentation or formalities.
  • No Buyer Support: ISoldMyHouse.com is not a buyer-focused platform. It does not offer any significant benefits to home buyers.

ISoldMyHouse.com has a rating of 4.5 out of 5 stars on Better Business Bureau.

» ISoldMyHouse.com Reviews: Learn from their reviews before choosing its services.

ISoldMyHouse was established in 1997. Kris Lippi is the broker and the owner of ISoldMyHouse. It offers its services across 8 states of the US.

In the remaining 42 states and Washington D.C., it will only sell your information as a lead to local brokers. It offers 3 most convenient ways to sell your house. You need to select the one that suits your requirements.

5. List With Freedom

NO PRICING ASSISTANCE

List With Freedom
List-with-freedom
  • Listing Fee: $149 Onwards
  • 4.5stars 4.2/5 (1,900+ Reviews)

List With Freedom is a listing service provider. It offers 3 packages for home sellers:

  • Gold Package ($149): This package allows you to list your house for 6 months. You can upload only 6 photos with unlimited changes. Add-on services like open houses and upload home virtual tours are charged separately.
  • Platinum Package ($195): Sellers prefer this package. It allows you to upload 25 photos with unlimited changes. You can opt to pay $25 each for open houses and $40 to upload a house virtual tour.
  • Platinum+ Package ($295): You can list your house for 12 months with maximum photo uploads. This package covers online showing service with no additional charge.

👉 Our Take: List With Freedom can be a decent choice for experienced sellers who do not require much assistance. However, you should consider another agent to buy a house who could give you a rebate.

List With Freedom is one of the oldest Flat Fee MLS service providers. It offers certain advantages:

  • Unlimited Listing Changes: You can make an unlimited number of modifications to your listings with any of their packages.
  • Buyer Leads Forwarded: All buyer leads are directly forwarded to you with no agent involvement. This means you can avoid back and forth of any information and directly negotiate with the buyer.
  • Quick Listing: It allows faster house syndication to real estate websites compared to other brokerages.

List With Freedom has certain shortcomings:

  • Additional Costs: List With Freedom charges a 0.25% compliance fee. Gold and Platinum packages charge additional fees of $25 and $40 for open house and virtual home tours respectively.
  • Average Customer Reviews: It does not have robust customer reviews. Past sellers said that their experience was just average due to a lack of negotiation assistance.
  • No Buyer Support: List With Freedom isn’t a buyer-focused platform. It does not offer any significant benefits for home buyers.

List With Freedom has a rating of 4.2 out of 5 stars on Trustpilot.

» Listwithfreedom Reviews: Read the customer’s feedback before choosing them.

Jim Tyminski established ListWithFreedom in 2005. It offers its services across all the US states. ListWithFreedom offers a quick and simple listing process.

You can only list your house on MLS. It does not provide any pricing or negotiation assistance.

What Are Discount Real Estate Brokers and Companies?

Discount real estate brokers are companies or agents who sell your home for less than the standard 2.5% to 3% commission. Such low-cost real estate agents typically offer the same services for reduced fees of 0.5% to 2% or a flat fee.

How Much Can I Save With a Discount Realtor in Mississippi?

As a seller, you can save anywhere between $10,000 and $20,000.

Typically, home sellers pay a total of 6% as Realtor commissions to both the listing agent and the buyer’s agent. Whereas, with discount real estate brokers you can pre-negotiate this at 1% to 2%.

As a home buyer, you get a buyer’s rebate – a type of cashback received after the sale. A typical buyer rebate is 1% to 2% of the home’s purchase price. For example, Redfin offers a buyer rebate of 0.5% to clients who sell and buy with Redfin within 1 year.

Types of Discount Brokers in Mississippi

The four major types of real estate discount brokerages and companies in Hospitality State are as follows:

1. Flat Fee MLS Companies: Flat Fee MLS companies get you on the MLS for a small flat fee saving you thousands in commissions. The Best Flat Fee MLS listing companies like Houzeo can get you on the MLS within 24 hours, or even faster!

2. Flat Rate Full-Service Companies: These companies charge a fixed fee instead of the regular 3% commission. This amount can be anywhere between $3,000 and $5,000. A flat-rate Realtor is perfect for homes priced on the higher end.

3. Low-Commission Estate Agents: Low-commission discount brokers offer full-service packages at only 1% or 2%. They cover everything from listing, negotiations, and pricing. They are also called 1% commission Realtors, or 2% commission brokers, etc.

4. Virtual Full Service: A virtual full-service discount broker handles everything online. All services including negotiation and marketing support are at no additional cost.

Pros and Cons of a Discount Realtor

Here are the pros and cons of discount Realtors:

Pros

  • Reduced Fees: You’ll pay less for listing agent fees. While standard brokers typically charge at least 3%, discount brokers may charge as little as 0.5% to 1%.
  • Full Access to Basic Services: You receive the same services as you would with a traditional agent. They assist with home pricing, marketing, and negotiations.
  • Streamlined Process: A low-cost Realtor provides similar services as traditional agents. They streamline the process of listing your property on the MLS, marketing the property, negotiating offers, and assisting with paperwork.

Cons

  • Not Enough Savings: Some discount brokerages may charge hidden fees or sell their services a la carte. This might add to your expenses.
  • Not for First-Time Sellers: Most discount real estate brokerages are digital, so you rarely talk to anyone in person. A first-time seller or buyer who needs some hand-holding may not be able to get benefits.
  • Lack of Personal Attention: Discount Realtors handle multiple clients at once to make up for the reduced commission rate. They may not be able to provide personalized services.
  • High Cancellation Fee: 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.

Who Should Use a Discount Broker?

Discount brokers are ideal for:

  • Sellers on a Tight Budget: Homeowners who wish to save money should list with a low-fee Realtor. This can help them save big. 
  • Real Estate Investors: Real estate investors who frequently trade homes can benefit from low-commission discount brokers.
  • House Flippers: Home flipping is a strategy where an investor purchases a property to renovate it and sell it for a profit. Home flippers can save thousands on agent commissions by selling via discount brokers.

Alternatives to Discount Real Estate Agents in Mississippi

Here are some options if you do not want to opt for a discount Realtor in Mississippi.

  • List With a Full-Service Realtor: If you need hand-holding, we recommend you hire a full-service in-person Realtor. You’ll get all the professional help you need, but you will end up paying a full 5% to 6% commission.
  • Sell to an iBuyer: Many iBuyers, like Opendoor and Offerpad, purchase hundreds of homes in Mississippi markets. iBuyers can be a great option if you want to sell your house fast in Mississippi.
  • Sell to Cash Home Buyers: Individual cash home buyers and companies make all-cash offers, usually within 24 to 48 hours. Cash buyers let you skip the hassle of listing on the MLS, inspection, appraisal, etc.
  • Sell For Sale By Owner: For Sale By Owner websites in Mississippi will help you list and sell a house by owner and save thousands in listing agent commission.

Are Discount Brokerages Worth It?

YES! There are various advantages to using a low-cost real estate agent. Using an affordable brokerage can save you at least $8,000 to $10,000.

There are several discounted real estate brokers on the market today, each with its own set of advantages. Examine factors such as listing fees, listing time, services provided, customer service, and coverage before you choose one.

With Houzeo, you can get your home on the MLS in 24 hours, for a small flat fee. You get extra savings and services like, access to offers dashboard, showings management, and many more.

Eager to Know How Houzeo Works?

Houzeo is the #1 For Sale By Owner website in the U.S. Check out the following video to understand how Houzeo would help you crack the deal faster in 5 steps.

How to List on MLS With Houzeo?

5 Easy Steps to List on MLS with Houzeo as FSBO

Start Your MLS Listing NOW!

» NEED MORE CLARITY? Read these exclusive Houzeo reviews and learn why the platform is the best in America’s competitive housing market.

Frequently Asked Questions

Who are the best discount real estate brokers in Mississippi?

Houzeo.com, and Ideal Agent are the top discount real estate brokers in Mississippi.

How much is the real estate agent fees in Mississippi?

On average, traditional agents in Mississippi, charge 5% to 6% of the sale price as commission. On the other hand, discount real estate brokers charge 1% to 3% commission.

How do I find low cost discount realtors near me to sell my home?

You could do a Google search, go with an agent from one of the national discount brokers like Redfin, or list your home using Houzeo. With Houzeo, your home will be listed on the MLS without the added expense of a listing agent.

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