Discount brokers are real estate agents or firms who already give sellers discounts on commission. These companies often charge a flat fee or less than 1% of the sale price to market a property, while traditional real estate brokers typically charge between 2.5% and 3%.

Using one of these discount real estate companies is a simple way to cut costs without sacrificing quality of service when selling a house in New York.

New York City real estate prices have skyrocketed during the past few years. In today’s bustling market, you may sell your home without having to shell out a ton of money in commission. This has created a high demand for New York’s discount real estate companies.

It is crucial that you choose the greatest cheap real estate broker New York has to offer based on your specific requirements.

This article will enlighten you on 5 New York City discount real estate companies you’ll be glad you learned about now.

Houzeo.com

Houzeo is the best online real estate agency because we offer the lowest prices, the most cutting-edge tools, and the best support. Houzeo’s prices for its plans are consistent across the board. You may easily avoid spending tens of thousands of dollars by doing so. If the buyer is not represented by an agency, you do not have to pay a buyer’s agent commission.

Many real estate websites, such as Zillow, Realtor.com, Redfin, and Trulia, get listings from the MLS. Houzeo also has helpful options for sharing on social media. There are no other media that can compare to this in terms of reach.

Houzeo is an online platform only. It’s easy to list, and changes are implemented rapidly. This will allow you to focus on what’s truly important: closing the deal.

U.S. home sellers have awarded Houzeo an average rating of 4.9 stars on popular review websites like Google and Trustpilot. It’s comforting to know that a live person will answer the phone when you call.

Ideal Agent

For those homeowners selling a house in New York, Ideal Agent can connect them with trustworthy low-cost realtors. It is estimated that a seller can save between $3,000 and $4,000 by using Ideal Agent.

By using Ideal Agent, sellers are paired with a single real estate agent that assists them throughout the selling process. An agent is selected among the top producing agents in the seller’s area.

In order to determine what makes your home unique, the agent assigned to you will do a personal tour. The agent will assist you to get the most money possible from the sale by capitalizing on these factors.

This is one of those low cost realtors that will also assist you with pricing your house and arranging for excellent photography. Your agent will do more than just advertise your home; they’ll also help you negotiate a favorable price and handle all the details of the closing.

When you’re selling a house in New York, consider Ideal Agent as an option as they have rigorous standards for hiring agents, and only the most successful agents in the area will be shown to buyers.

Redfin

Online real estate services are difficult to get by at a reasonable price, but Redfin is a national leader in this space.

When compared to the expense of employing a real estate agent to sell your home, utilizing Redfin might save you as much as 20% to 30% in commission fees.

Although a comprehensive listing agreement is in place, it takes the cheap real estate agent around 18 days to have a house listed on the MLS. Redfin’s supplementary offerings encompass everything from a professional photographer and MLS listing to an open house schedule and yard sign.

Most discount real estate agents would agree that it has cutting-edge tools. In the world of full-service brokerage, this is one of the most cutting-edge systems available. Redfin’s simple interface might be a time-saver for sellers.

Prevu

New York-based discount brokerage Prevu aspires to modernize the industry by providing a wide range of services at low prices. With Prevu, you just pay a 1.5% fee on the final sale price of your home.

In addition to listing on the Multiple Listing Service (MLS), 3D virtual tours,  property appraisal, professional pictures, open houses, and social media advertising campaigns are all part of Prevu’s full-service, 1.5% listing package. The Closing Costs Calculator on Prevu can help New York City sellers estimate their total closing expenses.

Prevu’s listing price is lower than the standard real estate agent commission, but it’s still more than the rates offered by cheap brokerages.

UpNest

UpNest is one of those low cost realtors that help homebuyers and sellers find the finest agents at the lowest possible prices.

UpNest promises to have various agents available for you to pick from within 24 hours of joining up. In addition, there is a wealth of data available down the agent offers that may be used to zero in on a cost-effective real estate agent. However, you are under no compulsion to use any of the brokers presented here.

UpNest is extremely picky when it comes to hiring partner agents. UpNest only accepts partner agents that satisfy their strict performance standards.

By encouraging agents to bid against one another for listings, UpNest’s strategy encourages sellers to accept lower commissions. Although there are no set commission rates in place, the seller has the last say in the negotiation process. Thus, the seller could pay a higher commission than they would with a less expensive real estate agent.

Contrary to what UpNest says, it has not only not saved consumers millions of dollars in commissions but has also not facilitated billions of dollars worth of home purchases.

UpNest exclusively works with local agents that are able to provide commission estimates. However, this does not ensure cost-cutting.

Are There Any Better Options For Selling A House in New York?

Following are some of the alternatives you can consider if approaching low cost realtors is not what you’re looking for when it comes to selling a house in New York.

iBuyers

Sometimes referred to as “iBuyers,” instant buyers are businesses that make all-cash offers on homes on the market. 

The main focus is on a quick and easy sale, rather than the traditional method. They use state-of-the-art technologies to provide you options when the deal closes. 

They have fair prices; however, their service fee is too high. Additional closing costs levied by the vast majority of iBuyers might potentially raise your commission rate to 12%! 

iBuyers operate under their own peculiar set of guidelines, with prices that don’t always follow industry standards. 

Traditional Agent

A typical real estate agent is someone who helps you with the purchase, sale, or lease of property. Traditional agents may be divided into two categories: those who represent sellers and those who represent buyers. 

Agents work for firms or brokerages, or they may work independently under the guidance of a top agent or broker. If you’re selling a house in New York, expect to pay your agent a commission of around 5%. 

This is split between the listing and buying agencies and taken out of the seller’s net profit. The commission is variable and depends on the location of your property. The seller’s listing agent is there to help them get their house on the market. 

On the other side, the buyer’s agent is responsible for bringing in prospective homebuyers. For a total of 5%, they each receive 2.5% when the deal closes.

For Sale by Owner

Selling a home “for sale by owner” involves doing it without the assistance of a real estate agent or broker, as suggested by the name. It’s the most efficient way to save money on real estate commissions and sell your home quickly. 

Only sellers with some familiarity with the selling process and marketing should choose FSBO. Listing on a multiple listing service is the greatest option for selling a home without an agent. 

Keeping in mind their extensive database, they can advertise your house to real estate brokers all throughout the country, increasing the likelihood that it will sell quickly and for a high price. 

Halfway between a for-sale-by-owner and a full-service agency, real estate discount brokers offer a more personalized service at a lower price. 

You get the best of both worlds with Houzeo, as they provide MLS listing packages starting at $349 in addition to cutting-edge technology that lets you maintain your home, evaluate offers, counter, and manage showings online and via their mobile app.

Are Discount Real Estate Brokers For You? 

Today’s market is rife with discount real estate brokers, each of whom offers their own set of advantages. When choosing a broker, it’s important for a seller to consider factors including listing costs, listing time, services provided, customer service, coverage, and technology. 

There may be a lot of low cost realtors, but Houzeo stands head and shoulders above the competition. In order to sell your home, Houzeo provides you with nearly everything you need. 

In addition to assisting vendors, Houzeo provides a plethora of useful tools for purchasers as well. In addition, Houzeo is entirely web-based and automated to meet a wide range of seller requirements. 

The site is also one of the most prominent Flat-Fee MLS suppliers, which has revolutionized the FSBO process.