5 Best Discount Real Estate Brokers in New Jersey (2024)

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.

Lovi Realty provides its listing service at a discounted rate.

• Basic Plan – ($4,990): Lovi Realty lists your home for a flat fee of $4,990. This plan includes drone photography, marketing, and closing attorney fees.
• Full-Service Plan: The price of this package is finalized based on the agent discussion. This plan allows you to list your house across several real estate websites and social media. You also get complete marketing assistance, a yard sign, a lockbox, etc.

👉 Our Take: Lovi Realty’s full-service package covers all the services of a traditional broker. However, the price may be higher. You can consider other affordable flat fee company.

Based on our research, the benefits of Lovi Realty are:

• Full-Service Package: Lovi Realty provides traditional home-selling services at a discounted rate. These services include detailed marketing plans, house improvement suggestions, attorney fees, etc.
• Agent Assistance: The company believes in delivering the best service and support. They also offer expert supervision during the inspection and appraisal

Here are some limitations we found with Lovi Realty:

• Expensive Basic Plan: The basic plan is expensive as compared to other flat fee options. It also lacks certain important services such as listing on the MLS, negotiation assistance, reviewing offers, etc.
• Customer Dissatisfaction: As per customer reviews, agents lack professionalism and are inexperienced.

Lovi Realty has a 4.0 out of 5-star rating on Trustpilot.

Prevu is a reliable discount real estate agent service. It offers full service to sellers, like a traditional broker.

• 1.5% Commission: Prevu charges a fixed 1.5% commission on the total home sale value. It includes features like home valuation, professional photographs, closing assistance, etc.

👉 Our Take: Prevu offers services from listing your home to its closing. It charges you a non-negotiable commission of 1.5% of the home sale value. However, it could cost you more in commission for a high-value house.

Based on our research, the benefits of Prevu are:

• Advanced Marketing: It includes home valuation, 3D virtual tours, open houses, professional photographs, listing on MLS, and social ad campaigns.
• Market Exposure: Your listing will be displayed on sites like Realtor.com, Zillow, Trulia, etc.
• Closing Costs Calculator: You can get an estimate of their closing costs.

Here are some limitations we found with Prevu:

• Limited Coverage: Prevu serves 13 states and Washington D.C. focusing on metro areas and suburbs.
• Not Ideal for High-Value Homes: Prevu’s model might not be ideal for luxury homes. For example, selling a house worth $500,000 would still mean paying $7,500 in commission.
• Variable Listing Fee: The listing fee with Prevu can vary based on your location, which may result in higher costs depending on the market.
• Mobile App: The company does not provide any mobile application service to its users.

Prevu has a stellar rating of 5 out of 5 on Google.

» Prevu Reviews: Is it a good idea to choose them? Read the comprehensive review to learn more.

Houwzer is a full-service discount Realtor. It offers:

• 1% Commission: It charges a fixed 1% listing fee on the total home sale price. That’s huge, for a $500,000 home, you’ll pay around $5,000. This 1% fee includes the charges for signs, photography, open houses, negotiation, etc.

👉 Our Take: The 1% commission is a little steep for MLS access. You can consider a Flat Fee MLS alternative for more savings and better tech.

Based on our research, the benefits of Houwzer are:

• Market Exposure: Your listing will be displayed on sites like Realtor.com, Zillow, Trulia, etc.
• Unlimited Showings: Houwzer’s agents are available seven days a week. You can schedule as many private showings as you want.
• Proprietary Software: You can organize your sale easily with Houwzer’s tech tools

Here are some limitations we found with Houwzer:

• Not Ideal for High-Value Homes: Houwzer’s model might not be ideal for luxury homes. For example, selling a house worth $1 million would still mean paying $10,000 in commission.
• Less Personalized Service: Houwzer agents handle multiple clients due to the flat-fee model, which means you might not get the one-on-one attention.

Houwzer has an average rating of 4.0 out of 5 stars on Yelp.

» Houwzer Reviews: Check out our detailed reviews on Houwzer.

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!