The median home price in Kentucky increased by 13.1% in October 2022 to reach $206,517. High prices mean sellers have to pay hefty commissions. In such a case, a home seller may struggle to sell their home without help.
With our rankings of the best REALTORS in Kentucky, you can find the right individual for a smooth and hassle-free real estate transaction.
Reviews: Best Kentucky REALTOR
1. Donna Mink
🔥 BEST OVERALL
About: Donna Mink is one of the top REALTORS in Indiana, Kentucky, and Florida. She is known for providing Flat Fee MLS listing services and is the owner of Mink Realty. With rich experience, Donna has been a real estate agent since 2003. She also provides buyer agent and other real estate consulting services and is also affiliated with Houzeo.
Mink Realty: Mink Realty provides multiple A La Carte options: lockbox, yard sign, extra photos, marketing, contract review, and much more. The company also provides a Showing Time app through which a seller can manage showings and schedules. The company claims to list the property on the MLS within a day if all the inputs are correct. Features like showing feedback and sending offers directly to the seller adds to the strong portfolio.
For Home Sellers
- Save on High Commission: Donna Mink offers his services through Houzeo’s plans typically for a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.
- Fast Listing: Donna Mink offers his services 100% online through Houzeo. Listing is easy and changes are fast. So you can focus on what is most important – your sale.
- Closing Costs Calculator for Sellers: Home sellers can gauge the estimated closing costs to know how much they can save by listing with Donna Mink.
For Home Buyers
- Buyer Search Feature: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
- Make an Offer: A home buyer can submit an offer using Houzeo.com if the property is listed on Houzeo through Donna Mink.
- Closing Costs Calculator for Buyers: Home buyers can use the closing cost calculator to know the approximate closing fees they need to pay at the close.
Our Take: We believe that Donna Mink is the best realtor because she provides Flat Fee MLS services at reasonable rates. There are 3 packages that the customers can choose from along with A LA Carte items as well.
- Member of GNIAR, MIBOR, and Indiana Regional MLS-IN
- High volume of listings based on Flat Fee MLS
- 5-star reviews on Houzeo
Donna Mink has a rating of 5 out of 5 on Houzeo.
Donna caters following MLS’ in Indiana:
- Greater Northwest Indiana Association of REALTORS (GNIAR) MLS-IN
- Indiana Regional MLS-IN
- Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN
What are Realtor Agents?
Realtor Agents are real estate professionals adhering to the code of ethics laid down by the National Association of REALTORS (NAR), America’s largest real estate association.
To become a licensed member of the NAR, real estate agents or brokers have to be certified members of a local realtor association and complete their NAR Code of Ethics training.
The designation of a Realtor in Kentucky is open to a variety of professionals like commercial brokers, agents, appraisers, property managers, and counsellors working in the real estate sector.
» NAR Code of Ethics: A Comprehensive Guide.
What is the Average Realtor Commission in Kentucky?
The average Realtor commission in Kentucky is typically between 5 and 6%. However, this fee is negotiable and varies from sale to sale depending on the region and the firm REALTORS work for.
🔎 What is the Real Estate Commission in Kentucky: Know what is the average real estate commission in Kentucky!
💸 Want To Save On The REALTOR® Commission?
We have got you covered. Sell your house with Houzeo.com for a small flat fee – as less as $349!
START YOUR MLS LISTING NOW
REALTOR vs. Real Estate Agent vs. Real Estate Broker
|Sr. No.||Defining Features||Real Estate Agent||Real Estate Broker||REALTOR®|
|1.||Explanation||A real estate professional possessing the license to assist people in buying, selling, or renting real estate.||A real estate professional having in-depth knowledge of the field, who has obtained a license after completing additional coursework beyond the agent level.||Real estate agents or real estate brokers can become realtors by becoming members of the NAR. They follow the NAR Code of Ethics and are held to a higher standard than real estate agents and brokers.|
|2.||Training||No additional training is required except the completion of the prelicensing coursework||Required to undergo additional training pertaining to contracts, insurance, taxes, and ethics||Same as a Real Estate Agent and/or Broker|
|3.||Eligibility||Required to pass the pre-licensing exam to obtain an agent’s license||Required to have some experience working as an agent and obtain a broker’s license after completing additional coursework||Same as a Real Estate Agent and/or Broker|
|4.||Mode of Operation||Real estate agents are required to work for a broker or a brokerage.||Brokers can either start their brokerage or work independently as agents.||Same as a Real Estate Agent and/or Broker|
|5.||Responsibility||Seller agents are required to help the seller price the property, host open houses, be present during the inspection, provide contract assistance, etc.||Brokers are required to oversee other agents working for them and hold other roles depending on whether they are a Principal Broker, Managing Broker, or Associate Broker.||Same as a Real Estate Agent and/or Broker|
How to Find a REALTOR in Kentucky?
Home sellers can find the right REALTOR in Kentucky with proper research. If you wish to sell a single-family home or a condo, it is essential to find a REALTOR specializing in that sale.
We have listed the process for finding an Kentucky Realtor who will help you in your real estate journey.
How to Find Realtors in Kentucky
- Look for real estate agents or brokers who are members of the NAR.
- Verify whether they provide cutting-edge tech.
- Check their customer reviews.
- Find out whether they offer optional online paperwork.
- Interview Realtors and convey your requirement.
- Compare the Realtors based on commission percentage and services provided.
- Finalize the one that best understands your real estate goals.
» Best Realtors: Here are the top REALTORS in the US you should know!
Alternatives to Top Realtors in Kentucky
If saving money is the main goal you should consider the following:
1. Sell with Flat Fee MLS Companies
With Flat Fee MLS companies, you can not only save thousands of dollars in commissions but also take advantage of their technology to sell your house fast in the US. These companies will help you list on MLS for a flat fee of a few hundred dollars.
They also offer various services like showing management, offer management, and digital transaction management. These companies are the cheapest way to get your house on the MLS and maximize your profits.
We’ve compiled a list of the best Flat Fee MLS listing services near you:
2. Sell with Discount Brokers
Discount Brokers are licensed individuals or companies that help you sell a home in Kentucky at a low commission or flat rate. Most discount realtors charge a single fee for the entire sale.
These Flat Fee Realtors have the tools to provide excellent exposure to home sellers. They offer social media exposure, a personalized website, and other features despite offering their services at a lower rate than traditional real estate brokers.
Here are our top recommendations:
|Redfin||1.5% of the sale price|
|Ideal Agent||2% of the sale price|
|Houwzer||$5000 Flat Fee|
|HomeLight||2.5% of the sale price|
3. Sell “For Sale By Owner”
77% of the FSBO sellers sold their houses in 2 weeks. An advanced for sale by owner site websites like Houzeo help you sell your home fast and make a successful sale.
The best part about Kentucky FSBO is the freedom to make decisions about your home sale without a Realtor. Since there is no listing agent involved, you end up saving thousands of dollars on the seller agent commission which would have been impossible otherwise.
⚡ How to Sell Your Own Home in Kentucky: Check out our tips for selling your home like a pro with FSBO
Selling with a Realtor vs. FSBO vs. Flat Fee MLS
|Features||Selling With a Realtor||Selling by Owner (purely FSBO)||Selling with a Flat Fee MLS Service like Houzeo|
|💲 Pricing||👎 3% listing agent commission||👍 Savings on listing agent commission, you only pay the buyer agent commission||👍 A small Flat Fee for listing. Unrepresented buyers can help you save on buyer agent commission|
|⚙️ Control Over Transaction||👎 Minimal control of the owner||👎 Full control, zero guidance||👍 Full control, Houzeo's 5-star customer support for guidance|
|📞 Contacting Buyers and Managing Offers||👎 No direct contact, meetings depend on agent's convenience||👎 Handling multiple offers and buyers all on your own||👍 Direct contact with prospective buyers. Manage offers efficiently with Houzeo's dashboard.|
|💻 Technology||👎 Manual, outdated technology with tedious paperwork||👎 Single-handed management without tech-support||👍 Houzeo Showings app helps you manage showings at your convenience, & the Settlement Agent Platform guides you until closing|
|💰 Closing Cost Estimation||👍 Guaranteed expert advice||👎 Estimation can go wrong||👍 Accurate estimation with Houzeo's Advanced Closing Cost Calculator|
|📢 Exposure||👍 MLS exposure||👎 Zero MLS access||👍 Exposure on MLS, social media, & 100+ real estate websites|
4. Sell to “We Buy Houses for Cash” Companies
When selling a home fast for cash, you can skip repairs to reduce your expenses. Selling a home as is in Kentucky will save you money and time. Home sellers get 50% – 70% of the property’s market value for their houses, whether it’s a distressed property or not.
Lesser paperwork and inspections when selling their houses to cash companies speed up the closing process significantly.
⚡ Cash Home Buyers in Kentucky: Check our rankings of the top cash companies in TX!
5. Sell to iBuyers
iBuyers are companies that buy houses for cash. The price is decided with the help of their proprietary algorithm, recent real estate data, and in-house experts. An iBuyer offers and closes the deal within 24 hours. However, there are certain pitfalls when dealing with an iBuyer.
- The offer price is sometimes way lower than the actual market price
- Their offer price is generally non-negotiable
- Charge steep service fees – generally 5%-14% of the sale price
Hence, iBuyers are only recommended if you want a quick sale rather than to save your money.
⚡ iBuyer Reviews: See who’s No.1 in America!
Good REALTORS in Kentucky can make selling a house a cakewalk. Their guidance can help you get the best price for your property in the most hassle-free manner.
However, with the average REALTOR commission being 6% across the nation – split 50-50 between the listing and the buyer agent, your profits on the sale are substantially reduced. Additionally, closing costs for seller in Kentucky will eat away at your profits.
Although there is no escaping the closing costs, opting for Flat Fee Realtor, empowered by Houzeo, can help you save 3% listing agent commission.
- Types of Title Insurance: Discover various types of title policies a home buyer needs to purchase when buying a home.
- Kentucky Home Inspectors: Check out our rankings of the best home inspectors in Kentucky.
- Appraisal Cost Kentucky: How much does home appraisal cost in Kentucky?
- Staging a Home for Sale: Check out how you can make your home more appealing to buyers.
Frequently Asked Questions
Who is the best REALTOR in Kentucky?
The best REALTOR in Kentucky is Donna Mink who is partnered with Houzeo.
What are the real estate commission rates in Kentucky?
The average commission rate for listing agents is 2.72% of the final home price and 2.72% for buyer's agents, for a total of 5.44%.
Who pays the REALTOR FEES in Kentucky?
The SELLER pays the REALTOR fees in Kentucky.
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