Lowes Flat Fee Realty reviews speak volumes about this innovative real estate company. Additionally, with an impressive Google rating of 4.8 out of 5 stars (from 107 reviews), Lowes Flat Fee Realty has gained recognition.
However, before you dive in, it’s vital to understand both the benefits and limitations of Lowes Flat Fee Realty.
Therefore, in this Lowes Flat Fee Realty reviews blog, we delve into the key takeaways, services, and pros and cons of Lowes Flat Fee Realty to help you make an informed decision.
Key Takeaways
- Pros: Lowes Flat Fee Realty offers budget-friendly pricing options, allowing you to save money on real estate transactions.
- Cons: The limited range of services provided by Lowes Flat Fee Realty may not cater to all the needs of clients.
- Our Take: While Lowes Flat Fee Realty can be a viable option for those looking for a cost-effective solution, it’s important to consider its limitations before making a final decision.
What is Lowes Flat Fee Realty?
Lowes Flat Fee Realty is a Flat Fee MLS company that offers alternative pricing options to traditional commission-based real estate agents.
Lowes Flat Fee Realty offers three packages priced at $399, $399 + 0.75% of the sales price, and $0 upfront cost + 1.5% of the sales price respectively. All their packages include necessary contracts, forms, addendums, and disclosures.
The pricing difference between the Premium and Realtor Assist packages is confusing as it offers identical services. Their additional services are costly compared to other Flat Fee MLS companies.
How Does Lowes Flat Fee Realty Work?
Lowes Flat Fee Realty operates on a straightforward model. After selecting a suitable package, you can list your property on the market with the assistance of their real estate professionals.
The company’s agents handle the necessary paperwork and guide the process. However, it’s important to note that Lowes Flat Fee Realty’s involvement may be limited compared to full-service real estate agents.
Services/Packages
Lowes Flat Fee Realty offers several service packages tailored to different customer needs. However, more comprehensive services like staging, marketing, and extensive property promotion are not included in their packages.
Lowes Flat Fee Realty offers three Flat Fee MLS listing packages.
- Showcase Package – $399: This package includes a listing term of 6 months with 25 photos. Listing gets syndicated to Zillow, Trulia, and Realtor.com.
- Premium Realtor Assist – $399 + 0.75% of Sales Price: This package includes services from the Showcase package. It also offers full agency representation with a listing term until sold and support via phone and email.
- Realtor Assist – $0 Upfront + 1.5% of Sales Price: This package offers services similar to the Premium Realtor Assist package.
👍 Pros of Lowes Flat Fee Realty
Lowes Flat Fee Realty offers its services in Oregon and Idaho.
- Market Exposure: Your property gets listed on many popular websites like Zillow, Trulia, Realtor.com, and many more.
- State Disclosures: All packages include all necessary contracts, forms, addendums, and disclosures you need to sell your house.
- Virtual Tour: You can insert your virtual house tour link into the MLS. This will help your listing to attract potential buyers’ attention.
- Listing Support: They provide listing support that makes the process seamless. This ensures your property gets maximum exposure.
👎 Cons of Lowes Flat Fee Realty
Lowes Flat Fee Realty has a few drawbacks you should know about.
- Additional Fees for Open House: Their Showcase package doesn’t include an open house. You have to pay $50 for up to 3 weekend postings.
- Confusing Packages: The Premium Realtor Assist and Realtor Assist package offers the same services. However, their package rates differ drastically thereby confusing the seller.
- Limited Services: Lowes Flat Fee Realty’s services may not cover all aspects of a traditional real estate transaction, such as comprehensive marketing, professional staging, and extensive property promotion.
- Reduced Agent Involvement: While Lowes Flat Fee Realty provides support throughout the process, their level of involvement may be less comprehensive compared to full-service real estate agents.
Conclusion
While Lowes Flat Fee Realty can be an attractive option for budget-conscious individuals, consider the potential limitations. If you have specific needs that go beyond the scope of their services or if you prefer a more hands-on approach with a dedicated agent, you may want to explore other options.
Remember to thoroughly research and compare different real estate service providers to make the best choice for your unique needs.
Frequently Asked Questions
1. Is Lowes Flat Fee Realty Legit?
Yes, Lowes Flat Fee Realty is a legitimate real estate service provider, offering MLS services in Oregon and Idaho.
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