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12 min read Jan 24, 2023

Prevu Real Estate Reviews: Everything You Need to Know

Prevu Reviews FI

Key Takeaways

  • Pros: Qualified agents, buyer rebates, reduced listing fees compared to traditional agent commission
  • Cons: Lack of personalized support, inconsistent service quality, limited coverage
  • Bottomline: We do not recommend Prevu for home sellers if you want to save on commissions. You will save more money and get listed faster with Houzeo MLS Listing. View your savings.

What is Prevu Real Estate?

Prevu is a licensed real estate brokerage headquartered in New York. It primarily offers:

  • Up to 2% commission rebate for eligible home buyers
  • 1.5% listing commission for home sellers

Prevu cuts down on its operating costs to offer such heavy discounts. Its small team closes an average of 36 deals annually — almost three times more than a traditional realtor, according to data from the National Association of Realtors (NAR).

If your agent is over-extended, they won’t be able to give you personalized support, which can put you at a disadvantage.

    🤔 What is Discount Real Estate Broker?


    A traditional full-service broker in the USA charges the seller a 6% commission and then splits it 50/50 with the buyer’s agent.

    A discount real estate broker is a licensed real estate agent who charges a lower commission for similar services.

    💰 Discount Real Estate Brokers: Find out what are the best discount brokerage firms in America (2023 Rankings)

Overview: Prevu.com

CoverageCalifornia, Connecticut, Massachusetts, New York, Pennsylvania
FoundersThomas Kutzman, Chase Marsh
Caters toBoth home buyers and home sellers
HeadquartersNew York City, NY
Mobile App
Customer Reviews4.75 out of 5 stars (Prevu reviews)

How Does Prevu Work?

Prevu agents are full-time salaried employees rather than independent contractors. As a typical discount broker, Prevu advertises listing services for home sellers at a discounted rate and large commission rebates to attract buyers. It offers high discounts by:

  • Handling up to 3x more clients per agent than a traditional realtor
  • Cutting down on its overhead and operational costs with salaried employees

Like other discount brokerages, Prevu relies on its team to serve a high volume of clients to offer discounts. So, you will likely be competing with a lot more customers for your agent’s attention, leading to less hands-on assistance.

» Discount Real Estate Brokers: Check out America’s 10 Best Discount Real Estate Brokers and Companies (2023)

Where Does Prevu Operate?

Prevu currently serves markets only in six states, including California, Connecticut, Massachusetts, New York, Pennsylvania, and Washington.

StatesService Areas
CaliforniaLos Angeles, San Bernardino, Orange, San Diego, San Francisco, Santa Cruz, Contra Costa, San Mateo, Solano, Alameda, Marin, San Bernardino
ConnecticutFairfield, Litchfield, New Haven
MassachusettsBoston, Essex, Middlesex, Norfolk, Plymouth, Worcester, Bristol
New YorkNew York City, Bronx, Brooklyn, Dutchess, Manhattan, Nassau, Putnam, Suffolk, Queens, Westchester
PennsylvaniaBucks, Chester, Delaware, Montgomery, Philadelphia
WashingtonKing, Kitsap, Snohomish

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Prevu Real Estate for Home Sellers

Prevu real estate provides some standard services to home sellers like:

  • Property pricing
  • MLS Listing
  • Professional photography
  • Syndicate to StreetEasy, Zillow, etc.
  • Conduct open houses and showings
  • Negotiations with buyers
  • Contract consultation
  • 3D virtual tour and social media marketing
  • Closing coordination

Prevu also provides a free home valuation service and online tools to calculate your net closing costs via its website.

» Closing Costs for Sellers: Find Out All About Closing Costs for Home Sellers

Prevu Real Estate Fees

As a home seller, you also pay the buyer’s agent commission. Typically, it goes up to 3% of the selling price. Here’s a breakdown of the fees you pay when selling with Prevu:

Prevu’s Listing Fee1.5%
Buyer’s Agent Commission2% – 3%
Total3.5% – 4.5% of your home’s selling price

Prevu Agents Serve a High Volume of Clients

Prevu currently has less than 50 employees serving over 40 counties in 6 states. So Prevu’s team is relatively small and serves a high volume of clients per agent, almost three times more than a traditional realtor. This could affect your home selling experience, especially if you need more hands-on support.

Calculate Your Savings: Traditional Realtors vs Prevu vs Houzeo

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Your savings via Houzeo

$14,705

Houzeo saves you $9,705 more than Prevu!

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Why pay a higher commission for a lower service? With Houzeo you can get better services at an affordable price!!

With HOUZEO

  • 👩‍💼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

Prevu Real Estate for Home Buyers

Prevu provides an end-to-end platform for home buyers that guides you through the home-buying process. Prevu’s services include:

  • Comparable analysis to identify the optimal purchase price
  • Make offers and negotiate with home sellers on your behalf
  • Preparing Board Packages

A traditional realtor first understands your requirements, then finds a house that meets them, and walks you through the process.

With Prevu, you have to browse listings from the local database and Prevu’s online platform. Prevu agents wait until you are ready to tour a home, and then step in to help with showings, offers, negotiations, and closing.

While Prevu agents answer queries along the way, they come in during the last mile. So, you end up doing most of the initial legwork and Prevu agents successfully save time and cater to a broader clientele.

A full 2% Rebate is Only Available on Houses Priced Above $750,000

The commission that Prevu will receive as your agent will refund up to 2% back to you. But the full 2% is only available for homes priced at $750,000 or more.

According to the savings calculator on Prevu’s website, you can expect to get a 0.5 to 1.5% rebate for homes priced below $750,000. The commission is subject to change, so consult a Prevu agent specifically about the rebate if you decide to transact with them.

Note that Prevu’s Buyer Rebate is only eligible for residential properties, co-ops, or condos. Short sales do not qualify for the same.

Are Commission Rebates Legal?

In 40 US states, including New York, buyer commission rebates, referred to as a commission refund in some states, are legal. The states that have not yet adopted the concept are Alaska, Oregon, Iowa, Kansas, Oklahoma, Missouri, Mississippi, Louisiana, Alabama, and Tennessee.

Are Prevu’s Commission Rebates Taxable?

Prevu mentions that the rebate is not taxable as income according to the Internal Revenue Service. It will instead be shown as a reduction in the cost of your home’s purchase price.

Yet, we advise home buyers to consult their accountant before making a home purchase since agents are not licensed to offer tax-related advice.

Prevu Real Estate Reviews

While some positive Prevu reviews mentioned specific agents as highly responsive and helpful, some negative reviews tagged Prevu agents as inexperienced and unresponsive. So, your experience with Prevu will likely depend on the agent you work with.

We scoured hundreds of Prevu reviews on Google and Yelp and found some common praise and complaints about the company.

Prevu Reviews: Praises

1. Homebuyer Colleen raved about Prevu’s refund scheme and the responsiveness of Prevu’s agents.

Prevu Reviews Praise Prevu made our first home purchase experience so smooth and positive - my husband and I couldn't have been happier. We found a house that we loved, and Prevu secured it for us under-ask. Our agent, Kash, and the rest of the team were super-responsive and walked us through every single step of the process. They also had a great recommendations for inspectors and attorneys, and of course getting the rebate back at the end was a tremendous bonus! Would happily refer Prevu to any other potential homebuyer.

2. As a first-time home buyer, Walker was happy with Prevu’s online portal and with an agent in particular, who guided him well through the offer and closing.

Prevu Reviews Praise - I worked with Prakash after my brother had been happy working with him. The whole process was smooth, and Prakash gave me the agency I was looking for in my homefinding process. As a first-time home buyer, the process could not have been made more simple: The online portal had great, relevant information, scheduling tours was a breeze, and Prakash was able to walk me from the offer all the way through closing as if I'd been there before.

Prevu Reviews: Complaints

1. Lisa’s agent was responsive only while signing the initial contract, but he provided no insights and handholding in the later stages.

Preview Reviews Complaint Prakash Dindyal was our agent from Prevu and I was very unhappy with my experience with him. He was very responsive in the beginning of signing the contract and toward the very end of the closing... but fell off the face of the earth when it came to the relaying the communication of information from our sponsor's agent during.
I was going about an emotional rollercoaster with trying to work concessions into our deal as our new development sale was constantly being delayed.. and he provided no insight for us. He simply told us to ask our lawyer. At one point, his only job was to forward e-mails from the sponsors agent to me and he forwarded an e-mail with a blank body! I was so frustrated, I ended up directly reaching out to the sponsor's agent myself.

2. Kevin was left to feel “alone” through the home-buying process, thanks to his inexperienced agent and an “overstretched” team.

Prevu Reviews Complaint 2 I was expecting a slick, modern apartment buying experience but was often left in the dark and feeling alone through one of the most important moments in my life. It pains me to place any blame on our broker, since I sincerely felt he was doing the best he could. But the fact remains, that he was inexperienced, did not have a strong team behind him, and was visibly overstretched.
Our Board application was submitted late and incomplete (missing several important documents). After the deal fell through, I never heard from him again. He didn't help me get back my security deposit, reach out to the Board for an appeal, or even ask if I wanted to go to future open houses.

Overall, Prevu's business model is too good to be true. You get what you pay for, and this is not an area you should be pinching pennies in.

3. While Jasmine liked that the documentation was all online, she was unhappy with the “deceiving” rebate on the company website, which doesn’t show Prevu’s cut upfront.

Prevu Reviews Complaint 3 I had a great experience with Prevu purchasing a house in California. The real estate agent they assigned was professional and very helpful. I liked that most of the documents were digital and we could esign. We received our rebate quickly. Unfortunately, their website is quite deceiving. They show you an estimate of how much you would "save" as a rebate, but they don't take out their cut. They should post on their website how much commission they take. For me, the website said "Smart Buyers Receive up to $14,000*" (note the asterisk) After their minimum commission of $10,000, I received a check of $4,000.

Prevu Reviews: Pros & Cons

Prevu Real Estate Pros

  • Reduced listing fee for home sellers than traditional agent commission
  • 2% rebate leads to good savings while buying expensive properties

Prevu Real Estate Cons

  • Agents handle 3x more clients, so you get less personalized support
  • Inconsistent service quality
  • Serves only six states across the USA
  • Buyers do not receive full 2% rebate for homes priced below $750,000
  • Lack of commission incentives for salaried agents can impact their commitment to sell your house quickly and for top dollar

Alternatives to Prevu Real Estate

1. Prevu vs Houzeo

Apart from Prevu’s limited coverage, its 1.5% listing fee may not seem appealing compared to Houzeo’s pricing package—only $199 to start listing, and $999 for full virtual service from a licensed broker.

Houzeo is not your ordinary flat fee MLS and FSBO service provider. It’s one of the most advanced For Sale by Owner websites that offers an IntelliList Listing Management System.

Once you’ve decided to list your home, the overall process runs smoothly—all essential documents, listing paperwork, and progress are tracked online. There are no hidden costs at closing and no listing agent commission. Visit Houzeo and list your home.

» Houzeo Reviews: Read Houzeo Reviews to Know More

    ✍️ SAVE: With Flat fee MLS, you will save thousands of dollars in listing fees. You also get the option of selecting the service you want and customizing the packages to your seller’s needs.

2. Other Discount Brokers

We suggest you compare Prevu with other discount brokers in the USA, including Redfin, Ideal Agent, Listing Spark, and more to get a better understanding of the commission structure. This will help you maximize your savings.

» Discount Real Estate Brokers: Find out what are the best discount brokerage firms and real estate companies in the USA

3. Prevu vs Traditional Agent

The key difference between the two business models is how Prevu and the traditional agents earn. Prevu agents earn through their salary, and the firm focuses on closing a greater number of deals to offer heavy discounts to their clients.

Working with a traditional agent, on the other hand, is like teaming up with a business partner. You both want what’s best for your home. So, selling with Prevu real estate may seem questionable as they may not be motivated enough to close fast or get you the highest bid as a traditional realtor will be.

Other Options You Should Consider

1. Sell to iBuyers

iBuyers make an offer on your property within 24-48 hours and can close within 7 days or more. Most iBuyers like Opendoor and Offerpad are also known to offer the Fair Market Value (FMV) for your property.

Selling to an iBuyer has certain significant drawbacks. These include:

  • Limited coverage, restricted to metro and urban areas
  • Strict eligibility criteria without exceptions
  • Non-negotiable offers
  • 5% service fee
  • 2% – 8% repair costs

⭐ Our Take: We recommend iBuyers if your house meets the iBuyer company’s eligibility criteria.

👉 iBuyer Reviews: Check out rankings, pros, cons & alternatives of top iBuyers in America

2. Sell to “We Buy Homes for Cash” Companies

Unlike iBuyers, “We buy homes for cash” companies help you sell your house as-is fast. They can even close within 7 days or any date you choose. “We buy homes for cash” companies also make cash offers for homes outside metro areas or in difficult-to-sell locations.

Here’s why traditional cash home buyers could be a bad option for you than an iBuyer:

  • They make lowball offers and offer only 50% – 70% of market value.
  • Their offers are non-negotiable

⭐ Our Take: We recommend selling to a cash home buyer if you are selling a distressed house “as-is” without looking for the best price.

👉 “We Buy Homes for Cash” Companies: Check out America’s biggest cash home buyer companies in 2023

“Cash for Homes” Companies Near You

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3. Sell FSBO With Flat Fee MLS Services

Listing with a Flat Fee MLS service gets your house on the market within just 24-48 hours. Selling For Sale By Owner has increased substantially in the past few years, with 77% of FSBO homes being sold in less than 2 weeks.

Flat Fee MLS is one of the best ways to sell your house fast, and it has 4 major benefits:

  • MLS is the fastest way to hit the market, plus your listing is syndicated to Zillow, Realtor.com, etc.
  • Your listing gets maximum exposure.
  • You can negotiate all offers.
  • You skip paying commission or service fees.

⭐ Our Take: We recommend Flat Fee MLS companies for most home sellers. They are fast, and you will save thousands in commissions.

👉 For Sale By Owner Websites: Check out the rankings for America’s best FSBO websites

Bottomline: Should You Consider Prevu Real Estate?

We do not recommend Prevu to most home sellers and buyers. It only helps in substantial savings if you’re buying a house priced above $750,000. In addition, Prevu operates with a small team that handles over 3x more clients than a traditional realtor, which could lead to less personalized support.

You can save on the 3% listing agent commission and reap the benefits of a technology-first platform like Houzeo to sell your house faster.

When you list on the MLS via Houzeo, you get access to tools only real estate agents have! A comprehensive dashboard, 100% digitized paperwork, and responsive customer support teams to help home sellers in their quest to get a top-dollar rate on the sale of their homes.

» Houzeo Pricing: Check out Houzeo’s pocket-friendly listing packages for home sellers

Frequently Asked Questions

1. Is Prevu Real Estate Legit?

Yes, Prevu real estate is a legitimately licensed brokerage headquartered in New York. It currently operates in six states in the USA.

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