The average American is always looking for ways to save money—from markdowns on a dozen eggs to deductions on realtor commissions when they sell their homes. Over the past few years, discount commission brokerages have been popping up all over the country, guaranteeing commissions as low as 1.5–3.0 percent on each home sale. But how much money can the average home seller actually save, and do they always get the highest offers for their properties?
Redfin, UpNest, SimpleShowing, and Prevue are just a few of the real estate firms now offering low-rate commissions for home sellers, while others like Houwzer offer a flat rate of $5,000 per sale. Most of these firms also require the home seller to pay the buyer’s agent’s commission….