Virginia is an affordable market for home buyers to buy a property where the median house price is just $245,000. Home sellers shouldn’t pay hefty commissions to agents in such a 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 Virginia to make the process cost-effective.
» Jump To:
- Rankings: Best Discount Real Estate brokers in Virginia
- Reviews: Best Discount Real Estate brokers in Virginia
- Everything You Should Know About Selling with Discount Real Estate Brokers & Companies
- Alternatives to Discount Real Estate Brokers in Virginia
Rankings: Best Discount Real Estate Brokers & Companies in Virginia
|Rank||Discount Real Estate Broker / Company||Listing Fee||Max Savings||100% Online||5-Star Reviews*||Broad Coverage||Mobile App|
|2.||Take 2 Real Estate||1% |
|3.||Quest Realty||2% |
|4.||Ideal Agent||1.5% |
of the sale price
Reviews: Best Discount Real Estate Brokers & Companies in Virginia
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. Take 2 Real Estate
Take 2 Real Estate is a full-service discount brokerage based in Virginia. Paul Thistle, owner & broker, offers his 1% commission package to home sellers of Northern Virginia.
💰Save on Commissions: Take 2 Real Estate offers a 1% commission full-service package that helps sellers to save thousands of dollars on a service that would have cost them more if it were a traditional agent.
👨💼Agent Support: Sellers get personalized guidance at every step of the process from one of the best discount real estate brokers in Northern Virginia.
🌟Features: Home improvement/staging consultation, photography and 4K video tour, brochures, digital documentation process, and automated showing schedule.
- Covers the whole of Northern Virginia.
- Cost-effective for sellers.
- Includes photography & 4K video tour
- Expert Guidance.
- Digital Documentation Process.
- Automated showing scheduler.
Take 2 Real Estate has an average rating of 4.9 out of 5 on Google.
Take 2 Real Estate covers counties in Northern Virginia.
3. Quest Realty
Quest Realty, a full-service real estate company in Virginia, offers sellers a discounted commission to list and sell their property. Their package includes everything a traditional agent would offer without the hefty commissions.
💰Discounted Commission: Quest Realty offers a full-service package at a 2% commission. This allows them to guide sellers with the entire sale process at a discounted commission without compromising the quality.
>> NOTE: Properties priced below $350,000 will receive a discount rate of 5% from the company.
🌟 Features: Their full-service package includes MLS listing on 2 major real estate websites like Zillow and Realtor.com, home staging, pricing evaluation, and negotiations to determine the final closing price.
📱Additional Features: High-resolution photography, advanced 3D imagery, thorough inspections wherever necessary.
- Cost-effective for sellers based in Virginia.
- Qualified Agents.
- MLS listing on Zillow and Realtor.com
- Digital photography and 3D Imagery
- Pricing Evaluation
- During the closing, a 5% discount will be offered for properties priced below $350,000.
Not enough credible sources were found to provide the information.
Quest Realty covers a few cities in Virginia including Newport News, Hampton, Williamsburg, Yorktown, Norfolk, Virginia Beach, and Gloucester.
4. 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.
- Listing Fee: 1.5% of the sale price
- Available in 80+ U.S. Markets
- 3.5/5.0 (62 reviews)
Redfin is one of the best online discount real estate brokers out there in the market today that has nationwide coverage.
💰Save on Commission Fees: When you choose Redfin over a traditional home-selling method, you can save up to 20% – 30% on the commission fees. Though, trying to provide their service 3x faster than the traditional method could limit their ability to provide you with personalized service.
📜Additional services: The discount realtor has a thorough listing agreement but it takes approximately 18 days to get a property listed on the MLS. With Redfin, you get add-on services like a professional photographer, MLS listing, open house schedule, yard sign, and much more.
📱Good Technology: It has one of the best technology among different discount real estate brokers. They have a powerful platform that is ideal for full-service brokerage. Redfin has a fantastic user interface for sellers to make their job faster.
- Good technology
- Thorough listing agreement
- Thorough paperwork
- Holistic services
- Full-service brokerage
- Slow listing process
- Average customer service
Redfin has an average rating of 3.5 out of 5 on Yelp.
Redfin covers 80+ Markets in the United States.
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.
Discount brokers typically offer the same services as traditional agents. The key difference is in the price of their service.
Types of Low-Cost Realtors
Low fee realtors in Virginia 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 Virginia 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.
A virtual 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 Methods 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 Virginia 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 be 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.
Discount Real Estate Brokers Near Me Who Offer Flat Fee MLS
Before opting for a discount 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 Virginia
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 Virginia present in the market today that provides 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 numerous 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 commission does a realtor make in VA?
The average real estate agent commission in Virginia is 5%-6%. The listing agent and buyer agent each receive 2.5%-3% commission from the seller. For example, 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.
Are flat fee realtors good?
Flat fee realtors charge a fixed rate for their service, which can be beneficial to sellers. Besides their fee, there are other benefits that flat fee realtors bring to the table.
How much is the closing costs in Virginia?
Closing costs in Virginia include seller and buyer agent commission, home warranty fees, home inspection fees, and more. So, if the final sale price of a house is $650,000, then the closing costs can be approximately $39,000! 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.
What is a discount real estate broker?
A discount real estate broker offers their services at a discounted commission or a flat rate. If a traditional agent charges you a commission of 2.5%-3% then, the discount broker will charge you anywhere between 1%-2%, helping you save thousands of dollars.
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