1.5% Commission Realtor Nashville
Key Takeaways
- Low Commission Advantage: At Felix Homes, we provide a full-service offering for a 1.5% commission rate, saving clients an average of $12,375 in fees, without compromising on service quality, as evidenced by our 100+ five-star reviews.
- Professional Full-Service Experience: Even with a low commission, we provide a full-service experience, from home valuation and market preparation to professional photography, marketing, and closing support.
- Efficient Selling Process: We streamline the home-selling process, leveraging technology and our experience to sell homes faster and more efficiently.
- Alternatives Explored: The article outlines various selling methods including For Sale By Owner (FSBO), MLS-Only listings, Auctions, and iBuyers. We’ll highlight the importance of understanding each option’s advantages and limitations.
- Structured Seven-Step Selling Process: We’ve outlined a detailed seven-step process for selling your home, starting with a no-obligation home valuation.
TL;DR
Felix Homes presents a compelling low-commission real estate brokerage option in Nashville, offering significant savings with a 1.5% commission rate while maintaining high service quality, as reflected in over 100 five-star reviews.
By providing full-service support—from home valuation to professional photography, marketing, and closing—we streamline the selling process, making it more efficient without sacrificing professionalism.
Throughout this article, we’ll explore alternatives like FSBO, MLS-only listings, iBuyers, and auctions, with an emphasis on the balance between saving on fees and the benefits of professional assistance. At Felix, we emphasize local expertise, financial savings, and an efficient, customer-focused selling experience.
What Are Your Options When Selling Your Home?
In today’s market, home sellers have more options than ever for deciding how they’d like to list their homes. Some may choose to do the work themselves and list For Sale By Owner while others may decide to enlist the help of a real estate agent.
In our experience, most home sellers typically have two goals in mind; keep as much of their home equity as possible and sell quickly, as no one wants to buy a stale listing. As a seller, it’s important you know all the options when it comes to listing your home so you can achieve both of these goals.
Listing With A Low Commission Brokerage – Like Felix Homes
A low-commission brokerage is a company that agrees to list your home for less than the age-old 3% commission that most agents typically charge.
You probably think about ways to save money or get a discount in other areas of your life – whether it’s using a discount code when shopping online or purchasing an item on sale at the grocery store. Why not when it comes time to sell your house?
While not all discount brokers are created equal, we can speak for our company when we say that the level of service you receive is identical to that of a traditional 3% agent – just check out our 100+ five-star reviews online.
Using a low-commission Realtor with good reviews will certainly help keep more cash in your pocket at the closing table. For example, our clients save $12,375 in commission fees on average by choosing to list with Felix.
For Sale By Owner (FSBO)
The For Sale By Owner route is certainly a possibility and a small percentage of homeowners decide to take on the role of being their own real estate agent. Typically, a seller would choose the FSBO route to save on real estate agent commission fees, however, they give up the experience and convenience that comes from working with a professional to guide them through the sales process.
If you have the time and know-how to deal with the sales process, are comfortable with real estate jargon, and have the courage to take on the legal aspects necessary to sell your home - this may be worth considering. Keep in mind that even if you decide to sell yourself, you are still expected to offer buyers agents a commission.
As with most things, it may pay to hire a top professional! The real estate business isn’t easy and any small mistake can cost you a lot of money and legal headache.
MLS-Only Listing
An MLS-only listing is essentially a variation of the For Sale By Owner method. The key difference is that the homeowner pays a real estate brokerage a flat fee upfront, to list their home on the MLS.
Listing your home on the MLS has many benefits – after all, this is the main platform that real estate agents use. Furthermore, when you list your home on the MLS, the property is syndicated to every real estate portal including Zillow, Trulia, and Realtor.com.
The downside of an MLS-only listing is that you are still doing the legwork yourself – from coordinating showings to negotiating the terms and navigating the closing process.
Listing With A 3% Commission Brokerage
Listing your house with a brokerage that will charge you a 3% commission is a common route many homeowners take. Similar to a low-commission brokerage, these firms offer a full-service experience where all of the details are handled for you by a professional.
As with a low-commission brokerage though, it’s important to ask who you are going to be working with so that you can research their online reviews and sales history.
This may seem obvious but the main difference between a traditional brokerage and a low-commission firm is the price you pay. Some may wonder why these Realtors still charge 3% and the main reason has to do with their overhead. Unlike low-commission brokerages, 3% commission firms are typically part of a franchise – think EXP Realty, Keller Williams, and ReMax. Having this additional overhead means they may be less willing to cut their fee.
Selling To An iBuyer – Sell Your Home For Cash
An “instant buyer” or iBuyer for short is by far the most convenient and quickest way to sell. Two of the most prominent iBuyers are OpenDoor and OfferPad. These companies will provide you with a cash offer on the spot.
The downside is the hefty fees associated with this convenient method. After all, these companies need to turn a profit so their goal is to purchase your home as cheaply as possible and resell it for as much as the market will allow.
In many cases, this results in significantly lower net proceeds that you’ll walk away with compared to listing your home on the market.
Selling Through An Auction
Selling through an auction is a method some folks decide to take – especially if they have a unique home or large property. Before the auction day, there’s typically a “marketing period” when prospective buyers can tour your home and determine how much they would like to bid.
Auctions can be a good idea when the value of the property is uncertain. This could result from a home that needs a full renovation or a piece of land that can be subdivided.
Felix Homes Is Nashville’s 1.5% Commission Realtor
If you’re considering listing your home with an agent and you live in Middle Tennessee, then Felix Homes may be for you! We entered the market in 2018 with the goal of being the most financially responsible way to sell a home. To us, that means achieving two goals – getting the highest price while paying the lowest fees. After all, parting with your home is not easy so the least we can do is make sure you walk away with as much money as possible to ease the pain.
We started the company because we felt that commission rates were getting out of hand. Let’s face it, a 6% commission may have been fair in the 1970s when homes were $100,000 and Realtors had to do a lot more work to sell a home. But today, a home in Nashville costs $800,000 on average, and leveraging the latest technology means that Realtors can use their time more efficiently.
Benefits Of Using Felix Homes To List Your House In Nashville
Our client-focused approach has so many benefits – aside from the tens of thousands of dollars you can save in commission fees.
Nashville-Based And Independently Owned
We're locally owned and operated. In fact, if you find yourself in Downtown Nashville, feel free to drop by our office! We’re also not governed by a larger corporation or franchise which means we have more flexibility in the commission fees.
100+ Five-Star Reviews From Happy Customers
Since starting Felix Homes in 2018, there are two things we are most proud of:
- We have saved our clients $1,387,354 in commission fees to date!
- We have over 100 five-star reviews
When we started Felix in 2018, we believed homeowners’ top priority was to save on the commission fees but we quickly learned that this was only partially true. Selling a home is a big deal and homeowners want to list with someone they trust. A lot of Realtors like to throw around the phrase “You get what you pay for” but we knew this couldn’t be further from the truth.
Today, we have the reviews to provide it but don’t take our word for it – simply Google “Felix Homes Reviews” to see for yourself.
Efficient And Hassle-Free Selling Process
We only charge a 1.5% commission fee. This means we need to sell twice as many homes to make up for the discount we offer compared to a traditional 3% commission Realtor. This has forced us to put internal processes in place so that we can operate like a well-oiled machine.
The benefit to our clients is that we are much more experienced than your typical Realtor. Our experience allows us to cut through the noise to get offers more quickly, all while making fewer mistakes than a traditional Realtor would.
Fair And Financially Responsible Discounted Fee Structure
If you like money, you’ll like this – our clients save an average of $12,375 in commission fees per transaction. Since we charge just 1.5%, you’ll walk away with more of your hard-earned home equity. But, it gets better, if we happen to find the buyer and facilitate the entire transaction, we only charge a 3% total commission as opposed to the typical 6% – that’s half the cost you would typically spend on commission fees which means more money in your pocket!
Available Around The Clock Leading To Better Communication
We know just how stressful the home-selling process can be so our sole focus is making sure you have a five-star experience when working with Felix.
In our experience, a great customer-Realtor relationship depends on two things – communication and transparency. Working nights and weekends are the nature of the real estate industry and our team will be there around the clock to answer your questions.
Our Bullet Proof Process For Selling Your Home
The process of selling a home is filled with nuance. That’s why we truly believe using a professional, albeit one who charges a lower commission, is the right thing to do. Below is a step-by-step process for what it takes to sell a home.
Step 1: Start With A No-Obligation Home Valuation
The first step in deciding whether to sell your home is determining its current market value. At Felix Homes, we offer a complimentary home valuation appointment where we’ll come to your home and determine how much it will sell for given the market conditions.
We pride ourselves on taking a quantitative approach using a proprietary valuation model that we’ve developed in-house. During this meeting, we will also review all of the closing costs involved in selling a home so that you know exactly how much you’ll walk away with.
Step 2: Tips On Preparing Your Home For The Market
If you’re comfortable with the valuation we’ve provided, the next step is to prepare your home for the market. We’ll make recommendations on small renovation projects you can do to ensure your home sells for top dollar. If your home needs a bit more TLC, we have trusted professionals in the industry from painters to contractors that we can recommend.
Step 3: Professional Magazine-Quality Photos
Once your home is looking its best, we’ll schedule the listing photos. Our professional photographer has over 20 years of experience and has taken photos of thousands of homes. In addition to photos of your home’s interior and exterior, we’ll also take to the sky using the latest drone technology and capture the property from above. And before you ask – yes, this is all included in the 1.5% commission we charge.
Step 4: Create A Marketing Strategy And Receive Showings
After the listing photos have been edited, it’s time to start the marketing engine. We like to craft a specific marketing strategy that’s unique for each home. That said, we cover our bases by:
- Listing the property on the MLS.
- Your listing will also be distributed to websites like Zillow, Realtor.com, Redfin, Trulia, and over 100 brokerage sites throughout Middle Tennessee.
- We’ll personally email your listing to the top 2,000 Realtors in the greater Nashville area.
- We offer an attractive yard sign that can be placed on your property.
- We’re happy to host open houses!
Step 5: Get Offers And Negotiate The Best Terms
Here comes the exciting part – receiving offers! Since your home will be priced accurately and marketed effectively, it’s only a matter of time before we get your first offer. In a perfect world, receiving multiple offers is the key to getting the best terms although depending on the current market conditions, this may be less likely.
Once we do get an offer we’ll explain the details to you in non-Realtor jargon and make recommendations on terms we should consider countering. And, we’ll update your net proceeds calculation so that you know exactly what you’ll walk away with.
Step 6: Accept An Offer And Kick-Off The Closing Process
Accepting an offer is the easy part which will kick off the roughly 30-day closing process. Why does it take 30 days to close?
From home inspections to the title search and underwriting the loan, this part of the process takes time. There’s a lot of moving pieces and a lot of people involved.
But don’t worry, we’ll work with the Buyer’s Agent, Lender, and Title & Escrow Processor to make sure the closing is smooth sailing.
Step 7: Close On Your Home And Enjoy The Savings
Finally, it’s closing day – we can all breathe a sigh of relief and pop that bottle of bubbly! We’ll meet you at the closing table to make sure you dot your i’s and cross your t’s. After everyone signs, you’ll receive the proceeds you’ve been so anxiously awaiting and we’ll be paid for all of our hard work throughout the process.
Oh, and how could we almost forget – because you chose to sell your home with Felix, you’ll walk away with an extra $12,375 on average!
Frequently Asked Questions When Using A Low-Commission Realtor
Do Discount Realtors Under Price And Sell For A Lower Amount?
Absolutely not – the list price should be determined based on a quantitative analysis of recently sold comparable homes. Any Realtor, no matter the commission they charge should walk you through their process for valuing your home.
Do You Really “Get What You Pay For”?
While we can’t speak for all low-commission brokerages out there, at Felix Homes, this is absolutely not the case. Just take a look at the 100+ five-star reviews we have on Google.
Our Final Thoughts On Using A Low Commission Brokerage
Choosing the right path to sell your home is a significant decision that impacts not only your financial return but also your selling experience. At Felix Homes, we’ve proven that it's possible to save on commission fees without compromising on service quality or results.
Our commitment to efficiency, coupled with our in-depth local knowledge and flexible commission structure, offers Nashville homeowners a unique and financially responsible option for selling their homes.
Whether it's our comprehensive service offering, the substantial savings in commission fees, or our proven track record of satisfied customers, Felix Homes stands as a testament to the evolving real estate landscape—one where value, service, and trust converge to redefine what homeowners can expect from their real estate brokerage.
