Home prices in Maine have increased by 14.2% Y-O-Y and are now at a whopping $375,800. Simultaneously, mortgage rates have witnessed a sharp decline from 7.79% in Oct 2023 to 6.63% in Jan 2024. The market is booming for both sellers and buyers. If you want to sell your home or buy a new one, NOW is the time to do so!
Real estate companies can help you get access to the MLS quickly. Whether you use a Flat Fee MLS company or a discount brokerage, you will receive a quick and affordable real estate transaction.
Top 6 Maine Real Estate Companies:
-
For Home Sellers
- Houzeo: Best Technology
- Redfin: Best for Marketing Properties
- RE/MAX: Expert Assistance
-
For Home Buyers
- Coldwell Banker Realty: Best for First Time Buyers
- The David Banks Team RE/MAX By The Bay: Best for Local Market
- Berkshire Hathaway HomeServices: Best for Luxury Properties
Best Real Estate Companies for Home Sellers in Maine
Discover the best home-selling companies in the Pine Tree State. From lively Portland to the beautiful Lewiston, we have found the 3 best companies for you.
1. Houzeo
#1 Flat Fee MLS Service
Houzeo.com
- Listing Fee: $399
- Available nationwide
4.9/5
(10,000+ reviews)
4.9/5
(10,000+ reviews)Houzeo is real estate company headquartered in New York.
Houzeo offers 4 Flat Fee MLS packages:
- Bronze Package – $399: This package offers Houzeo listing only for 6 months with 24 photos.
- Silver Package – $399+0.5% at Close: This offers maximum photos upload and provide you with seller disclosures.
- Gold Package – $429+0.5% at Close: It is Houzeo’s signature MLS package and includes all the technology Houzeo is known for like, Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum – $449+1% at Close: It includes the assistance of a licensed broker to help you with negotiations, seller disclosures, and closing.
👉 Our Take: We recommend the GOLD plan. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy! Confirm all prices on your particular state’s pricing page before you list.
» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities in less than 60 minutes.
Houzeo is America’s #1 Flat Fee MLS service because of 4 reasons:
- Max Exposure: Houzeo MLS packages give you access to the MLS, Zillow, Trulia, Realtor.com, Redfin, and 100s of other websites.
- 5-star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is high-tech platform with its easy listing, fast changes, online showings, and online offers. Houzeo mobile app is also very powerful.
- No Hidden Fees: In most states, you’ll be paying just a small flat fee to list on MLS by owner. And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission.
There are no dealbreakers with Houzeo.
» Is Houzeo Good for You? Houzeo addresses all Houzeo complaints from home sellers.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
» Houzeo Reviews: Houzeo is rated “Excellent“ by 10,000+ home sellers.
Houzeo.com is Maine’s #1 real estate company. It provides an unbeatable combination of maximum savings, 5-star customer support, and cutting-edge technology.
Houzeo provides affordable listing packages to Maine FSBO home sellers. Also, its offer management and showings tool will help you ace your real estate journey like a pro.
2. Redfin
BEST TECH-ENABLED BROKERAGE
Redfin.com
- Listing Fee: 1% of Sale Price
- Available in 80+ U.S. Markets
- 4.3/5
(60+ reviews)
4.3/5
(60+ 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 60+ reviews on Google.
» Redfin Reviews: The Reality of the 1% Fees, Pros, Cons, and Alternatives!
Redfin is primarily known for its advanced tech platform and mobile app. It covers 80+ markets in the US.
However, Redfin’s listing agreement states they will list your property on the MLS in 18 days. Services like Houzeo will list you on the MLS within 24 to 48 hours.
3. RE/MAX
Good Exposure
RE/MAX
- 3% - 6% Commission
- 1/5
(300+ reviews)
1/5
(300+ reviews)RE/MAX has its headquarters in Orlando, FL. The company does not disclose agent commissions on its website. However, based on reviews you may have to pay 3% to 6% as commission.
- No corporate fee is involved with RE/MAX referrals. You can choose the agents or vice versa and set the terms of your agreement.
👉 Our Take: RE/MAX is known for its reputation and credibility. The company’s agents will guide you throughout the entire selling process. However, the huge commission can be heavy on your pocket.
Key features of RE/MAX are:
- Global Reach: RE/MAX has over 140,000 agents, and its network is spread over 100 countries.
- Competitive Home Pricing: Agents at RE/MAX will conduct an in-depth evaluation and a CMA of your property to price your home competitively.
- Additional Service: RE/MAX Collection and RE/MAX Commercial offer specialized tools and advertising programs to luxury and commercial real estate professionals.
Here is a drawback of RE/MAX:
- Poor Customer Reviews: RE/MAX has many customer complaints. Previous customers have also said that their home-selling process got delayed.
RE/MAX has a poor rating of 1 out of 5 stars from 300+ users on Consumer Affairs.
RE/MAX, LLC is a part of RE/MAX Holdings, which is one of the world’s largest real estate franchisors. The company operates in over 100 countries and has more than 100,000 agents worldwide.
RE/MAX provides expert assistance to the sellers. However, previous customers have complained about a lack of communication from its agents.
Best Real Estate Companies for Home Buyers in Maine
Explore the top home-buying companies in Maine. From Augusta to Bangor, you can discover affordable homes.
1. Coldwell Banker Realty
MOST SUCCESSFUL INVESTORS
Coldwell Banker
- Based in New Jersey
- 4.9/5
(200+ reviews)
4.9/5
(200+ reviews)Coldwell Banker Real Estate LLC is an American full-service real estate brokerage.
- No Service Fee: As a buyer, you do not have to pay any fee to avail services of Coldwell Banker.
👉 Our Take: Coldwell Banker has been recognized as a real estate leader. However, it might prioritize transaction volume over personalized attention, which could be less ideal for first-time buyers or those needing more guidance.
Key features of Coldwell Banker:
- Experts in Negotiations: Coldwell Banker’s agents are skilled and have considerable experience in negotiating the best deal for you.
- Lender Assistance: It helps you to find a lender for pre-qualification according to your affordability.
- Home Search: With MLS and other tools, agents find your ideal home based on your preferences and budget.
- Finance: It helps with down payments, mortgage prequalification, and getting your finances ready to buy a house.
- Strong Agent Network: Your agent can find many property options for you as they have good connections with other real estate agents.
Red flags of Coldwell Banker include:
- Inconsistent Agent Quality: Several clients of Coldwell Banker have complained of a lack of trust in the agents they had dealt with.
- Lapses in Transactions: Customer complaints include delays in transactions, laid-back attitude, misrepresentations, and the unresponsiveness of agents.
Coldwell Banker is rated 4.9 out of 5 stars from 200+ reviews on Trustpilot
Established in California, Coldwell Banker has changed the way people buy homes. They offer buyers financing options to ensure they have their financial ducks in a row when preparing to buy a house.
It’s advised you conduct due diligence on an agent before you appoint the agent to represent you.
2. The David Banks Team | RE/MAX By The Bay
Local Expertise
The David Banks Team | RE/MAX
- Based in Portland, Maine
- 3.6/5
(60+ reviews)
3.6/5
(60+ reviews)The David Banks Team are top Realtors in Maine. They have done $185 million in sales and have surpassed all other Realtors.
However, they have not disclosed their pricing on their website.
👉 Our Take: The David Banks Team is a market leader in Maine real estate. They can be a good option if you are buying properties in the state.
Here are the highlights of The David Banks Team:
- Local Expertise: The David Banks Team mainly serves Portland, Falmouth, Cumberland, and Freeport. They have local expertise that makes them unique from other realtors.
- Team of Experts: The David Banks Team is one of the top teams across all of RE/MAX. Their expertise and customer-focused approach will help you buy your dream home.
We did not find any deal breakers for The David Banks Team.
The David Banks Team has 3.6 stars out of 5 on Google reviews.
The David Banks Team | RE/MAX By The Bay is a real estate market leader in Maine, with a focus on luxury properties. It serves buyers across the state and has a premier real estate team in Portland.
However, many sellers have reported inconsistency from their real estate agents.
3. Berkshire Hathaway HomeServices
💫 Luxury Listings
Berkshire Hathaway
- Based in Minneapolis, MN
- Elite Clientele
- 2.5/5
(60+ reviews)
2.5/5
(60+ reviews)Berkshire Hathaway HomeServices is a real estate brokerage franchise in the US. Headquartered in Minneapolis with over 44,000 real estate agents and 900 offices, BHHS makes over $136 billion annually in residential real estate transactions.
- No Service Fee: As a buyer, you can register with Berkshire Hathaway HomeServices for free of cost.
👉 Our Take: Berkshire Hathaway HomeServices provides its services to all kinds of home buyers whether you are a first-time home buyer or a luxury home buyer.
» Selling a House: Things you need to know!
Key highlights of BHHS include:
- Search Tool: BHHS provides you with a search tool so you can browse through a variety of homes available in the market.
- Assistance in Paperwork: The agents handle all paperwork for you in relation to buying a house.
- Market Knowledge: BHHS agents provide practical knowledge and guidance based on years of local market expertise. With in-depth property and community information, they help you finalize your dream home.
- Mortgage Calculator: They provide a mortgage calculator by which you can figure out the monthly payments of a home mortgage loan, based on your desired home’s sale price.
- Start to Close Assistance: BHHS agents are experienced in handling all phases of the purchase process, including home inspections.
Few red flags we found about Berkshire Hathaway include:
- Inconsistent Agent Quality: Since BHHS franchises are independently owned and operated, agent experience differs from one location to another.
- Poor Reviews: Customers have complained about delayed transactions and a lack of communication from the agent’s end.
Berkshire Hathaway has a rating of 2.5 out of 5 from 60+ reviews on Best Company.
Berkshire Hathaway is headquartered in Omaha, Nebraska. It is known for selling high-end luxury properties. It provides buyers with unlimited access to their daily updated listings with pictures, details, property features, and nearby amenities to help them choose the best home.
You can also opt for their email updates that apprise you of new homes on the market. However, Berkshire Hathaway HomeServices Texas Realty offers its services mainly in Austin and nearby areas.
3 Best Real Estate Companies To Work For in Maine
A real estate company employs licensed agents to represent local buyers and sellers. As a real estate agent, you must consider the following factors in a real estate company – commissions, training, agent equity, revenue share, profit share, and technical support.
1. eXp Realty
eXp Realty, a cloud-based platform is a booming real estate brokerage that has garnered a reputation for being a great workplace. It has a 4.3 rating out of 5 on Indeed.
- Commission Split: The agents keep 80% of the commission and 20% goes to eXp. After the agents hit the $16,000 cap in their anniversary year, they retain 100% of the commission.
- Revenue Share: eXp Realty’s Revenue Share Program lets agents earn a percentage from the revenue of the agents they’ve sponsored.
- Agent Equity: eXp agents are rewarded with shares of EXPI stock upon accomplishing specific goals.
- Training Program: eXp Realty runs the 2-week Fast Start training program for its new agents. This holistic curriculum has been rated a 4.8 out of 5 by agents who have completed the program.
- Technical Support: eXp Solutions offers agents cutting-edge tools to make the real estate transaction seamless.
The Rise of eXp Realty: Check out how eXp Realty is beating Compass and Keller Williams
2. Keller Williams Realty
Keller Williams Realty is one of the largest residential real estate firms in the US. It has opportunities for both new and experienced real estate agents. It has a 4.3 out of 5 rating on Indeed.
- Commission Split: From the commission, 64% goes to the agent, 30% goes to KW Market Center and 6% is to be paid by the agent as a franchise fee ($3,000 is the cap). Once an agent hits the cap, the commission goes entirely to the agent.
- Profit Share: KW’s Profit-Sharing Program lets agents earn a portion of the profit from the agent they’ve referred.
- Training Program: KW provides a training program that teaches agents the core principles of running a successful real estate business.
- Technical Support: KW Command is a CRM software that equips agents with the necessary tools to handle real estate transactions from start to close.
3. Compass
Compass is a licensed real estate brokerage that combines talent with innovative technology to handle real estate transactions. It has a 4 out of 5 rating on Indeed.
- Commission Split: The commission split for agents in Compass is unclear. It’s based on an agent’s discussion with Compass.
- Training Program: Compass Academy, an arm of Compass provides educational resources such as modules, and live sessions to train its agents.
- Technical Support: Compass provides agents with a comprehensive set of innovative tools such as Marketing Center, Compass CRM, Compass Markets, and more.
How to Choose the Best Real Estate Company in Maine?
You can choose the best real estate company in Maine based on these factors:
- Strong Technology: A company’s website should have robust technology that can make selling or buying a house faster and more efficient. Also, look for features like virtual tours, high-quality photos, and user-friendly interfaces.
- Responsive Customer Service: Having good customer service can help you with smooth real estate transactions. Find a company that offers prompt and also have helpful customer service.
- Maximum Exposure: Find a company that will give maximum exposure to your property. This could also include an MLS listing, social media advertisement, and customizable yard signs.
For Real Estate Agents
A real estate agent must consider the following points while browsing real estate companies in Maine:
- Commission Model: Real estate agents and realtors work on commissions. When you sell a house, you split the profits with your broker. A broker charges varied commissions. Some brokers do offer salaried positions, but they are rare.
- Commission Breakdown: Let’s say you sell a $300,000 home where the average commission in your area is 6%. This 6% is split between the buyer and seller’s agents. Now you’re down to 3%, or $9,000. A 60/40 commission splits mean you get 60% of $9,000, or $5,400. Of course, this is pre-tax.
- Training Modules: Most real estate companies provide training courses to their agents. Franchise companies like RE/MAX, Keller Williams, etc. offer programs to train agents in negotiation, marketing, body language, sales pitch, and lead generation.
- Tech Support: Top real estate companies equip their agents with the latest technology to keep them on par with the competition. Most companies have automated systems to help agents keep track of clients, leads, and emails.
- Marketing & Advertising: Real estate companies also provide agents with high-quality digital and print materials, custom graphics and ads, professional photography, and database management systems to ensure exposure to the customer’s property.
Final Word
Real estate companies help you ace your home selling or buying journey. However, before you choose a real estate company in Maine, we suggest you conduct thorough research.
The basic requirements for a good real estate company are experienced and dedicated agents, maximum savings, tech-savvy, and quick transactions. With Houzeo, you get all these factors on one single platform.
Eager to Know How Houzeo Works?
We’ve got you covered. Check out the following video to understand how Houzeo works and why it is one of the best For Sale By Owner websites in the U.S.
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 it is one of the best FSBO sites in America.
Frequently Asked Questions
Which is the best real estate company in Maine?
The best company in Maine is Houzeo. It offers sellers maximum savings, advanced technology, 5-star customer support, 100% online experience, and listing exposure.
» Best Real Estate Companies in Maine: Find out the top companies in Maine.
What are the best real estate companies for buyers in Maine?
The best real estate companies for home buyers in Maine are Coldwell Banker Realty, The David Banks Team | RE/MAX By The Bay, and Berkshire Hathaway HomeServices. They offer home buyers various services and tools such as virtual showings, mortgage calculators, and more.
How can I sell my property quickly in Maine?
You should set a competitive price, enhance curb appeal, and highlight your home features effectively to sell your house fast in Maine.
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