From St. Louis to Kansas City, sellers across Missouri can save thousands on real estate agent commissions. With discount real estate brokers in St. Charles, MO, you can slash the traditional 6% rate down to just 2% to 3%.
The current median home price in St. Charles, MO is $329,900. The traditional 6% commission will cost you a whopping $19,794. 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 $13,196.
You can lower this amount to around $9,897 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 St. Charles, MO
We’ve researched and compiled a list of the best discount real estate brokers for you.
| Rank | Discount Real Estate Broker / Company | Listing Fee | Additional Charges | Max Savings | 100% Online | Mobile App |
|---|---|---|---|---|---|---|
| 1. | Houzeo.com | $399 Flat Fee | ❌ | ✅ | ✅ | ✅ |
| 2. | Johnson Realty | $500 Upfront + 0.5% commission | ✅ | ❌ | ❌ | ❌ |
| 3. | Sunshine Realty | $399 upfront + 0.5% of 1% at closing | ✅ | ❌ | ❌ | ❌ |
| 4. | UpNest | 4.3% commission or As decided by the agent | ❌ | ❌ | ✅ | ✅ |
| 5. | Redfin | 1% commission | ❌ | ❌ | ❌ | ❌ |
Reviews: 5 Best Discount Real Estate Brokers in St. Charles, MO
1. Houzeo.com
#1 Discount Real Estate Service
Houzeo.com
- Listing Fee: $399
- Available nationwide
4.9/5
(8,400+ Reviews)
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. Johnson Realty
HYBRID PLAN
Johnson Realty
- Listing Fee: $500 Upfront Fee + Half of 1% at Closing.
- No credible sources found
Johnson Realty is a full-service discount brokerage. It helps sellers to list their property at a fair price with great savings.
- The Johnson Plan ($500 Initial fee + Half of 1% at Closing): You need to pay the upfront charge of $5oo to list your house. Lockbox and professional photographs are offered at an additional cost of $120 and $50 respectively. At the time of closing, you pay Johnson Realty half of 1% of the home sale value.
👉 Our Take: Johnson Realty provides services like market analysis, MLS listing, showings, etc. It charges you a fee apart from the initial charge of $500. You may end up paying a higher amount at the time of closing compared to another discount brokerage.
Johnson Realty offers the following advantages:
- Unique Plan: Johnson Realty’s pricing plan includes a$500 flat rate + 0.5% of 1% of the sale price.
- Modern Technology: Their technology allows you to keep the real transaction transparent. The contract between you and the agent is also signed digitally.
- Market Exposure: Your home will be featured on several real estate websites like Zillow, Trulia, and Realtor.com.
- Agent Assistance: Johnson Realty’s licensed consulting team will help you execute your transaction through closing.
Johnson Realty offers a major disadvantage:
- Outside Agent Involvement: A third-party agent schedules the MLS showings. There might be inconsistencies in the quality of these agents.
There is no credible source available for its review.
Cheryl Johnson owns Johnson Realty. You can get an extra discount if you sell your home and buy a new one with them.
An outside agent from another company will schedule the showing through the MLS. The quality of these agents may vary.
3. Sunshine Realty
GREAT SAVINGS
Sunshine Realty
- Listing Fee: $399 upfront + 0.5% of 1% at closing
- 4.4/5 (45+ Reviews)
4.4/5 (45+ Reviews)Sunshine Realty is a full-service discount realtor in Missouri. They offer services to home sellers and buyers.
- $399 Upfront Fee (+1/2 of 1% (.5%) at closing): It includes online marketing, professional photos, MLS listing, negotiations, and paperwork.
👉 Our Take: Sunshine Realty only has three full-time employees and one part-time employee. This may lead to a lack of personal assistance to you.
Sunshine Realty offers the following advantages:
- Market Exposure: They have good market exposure. They offer listing on Realtor.com and other 60+ websites.
- Detailed Paperwork: They provide complete assistance in negotiating, paperwork, and closing documents.
Sunshine Realty offers the following disadvantages:
- Lack of Communication: Customers have complained their agents were unreachable at times. This creates a lack of communication.
- Mobile App: They do not provide any mobile application service to their customers.
Sunshine Realty has an average rating of 4.4 out of 5 stars on Google.
Evelyn Krazer established Sunshine Realty in 2010. It offers brokerage services to sellers for an upfront fee of $399 and 0.5% at closing.
Sunshine Realty has only three full-time employees and one part-time employee. Hence, its brokers must be juggling multiple clients at once.
4. UpNest
Negotiable FEES
UpNest
- Listing Fee: 4.3% of the Sale Price (or as decided by the agent)
- Available in all major cities
- 4.7/5
(295+ Reviews)
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. You may face trouble in evaluating these agents concerning their experience and knowledge.
» 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 Work? Agent-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 headquartered in California. The parent company, Move, Inc. (Realtor.com) acquired Upnest in June 2022.
UpNest pairs you with local agents with proven sales records. However, you may end up paying a high commission to the agent.
5. Redfin
BEST TECH-ENABLED BROKERAGE
Redfin.com
- Listing Fee: 1% of Sale Price
- Available in 80+ U.S. Markets
- 4.3/5
(66+ reviews)
4.3/5
(66+ reviews)Redfin does not disclose its pricing on its website. Sellers will have to pay common closing costs.
- It offers 0.5% buyer’s rebate. To avail this, you’ll have to buy and sell with them.
👉 Our Take: Redfin offers 1 rebate option but with a strict clause. While, other real estate companies are willing to offer a higher rebate.
» Redfin Reviews: The reality of the buyer’s rebate.
Here are some advantages of choosing Redfin:
- Advanced Technology: With 3D walkthroughs and 40+ filters to narrow down your search, the Redfin app makes it easy to find the right home from anywhere.
- Paired With Local Agents: Local agents know their market better. This can help you secure a good deal.
- Home Tour: You can see updated listings every 5 minutes on their website. You can also schedule a home tour for the same day.
- Nationwide Coverage: Redfin covers 80+ markets in the US.
Here are some limitations we found with Redfin.
- Strict Rebate Criteria: Clients who sell and buy with Redfin within one year get a rebate of 0.5%.
- No Freedom in Agent Selection: You get an agent assigned automatically without having a choice in the matter.
- Agents Are Less Incentivized: Unlike traditional agents who work for commission, Redfin agents get a fixed salary. This can demotivate them from offering you additional services.
- Poor Customer Reviews: Customers have complained that agents are often unreachable and unprofessional.
Redfin has an average rating of 4.3 out of 5 stars from 66+ reviews on Google.
» Redfin Reviews: The Reality of the 1% Fees, Pros, Cons, and Alternatives!
Redfin, founded in Seattle in 2002 by Mr. David Eraker, covers 80+ markets in the US.
It provides an elaborate listing agreement with a marketing plan for your home. However, this agreement specifies a long 18-day timeframe for listing your property on the MLS. Additionally, some customers have expressed concerns about the non-availability and unprofessionalism of their agents.
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 St. Charles, MO?
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 St. Charles, MO
The four major types of real estate discount brokerages and companies in Show-Me 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 to 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 St. Charles, MO
Here are some options if you do not want to opt for a discount Realtor in St.Charles.
- 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 St.Charles, MO markets. iBuyers can be a great option if you want to sell your house fast in Missouri.
- 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 Missouri 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 advantages. Before you choose one, examine factors such as listing fees, listing time, services provided, customer service, and coverage.
With Houzeo, you can get your home on the MLS in 24 hours for a small flat fee. You also get extra savings and services like access to an offers dashboard, showings management, and 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
» 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 St.Charles, MO?
Houzeo.com, and Redfin are the top discount real estate brokers in Missouri
How much is the real estate agent fees in St.Charles, MO?
On average, traditional agents in Missouri, 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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