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DISCOUNT

Real Estate

BROKERS

Save on Fees
NOT on Service

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SEARCH REAL ESTATE

Search All Homes For Sale

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SELECT YOUR HOMES VALUE

to find out how much you save!
... compared to 6%

On average our clients pay 1% for one of our full-service and 3% to the buying brokerage.




If Your Home Is Worth $150,000
You Save $3,000

Discount Real Estate Brokers in Tennessee

Why List at 6%?

Discover how much you can save with a Discount Broker.

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HOW DOES IT WORK?

Discount Real Estate Brokers

In short, to build our discount real estate brokerage model we opted to leverage technology over antiquated real estate processes and extinct marketing techniques which are widely used by real estate agents.

We are an extremely efficiently run discount real estate brokerage that has successfully cut unnecessary overhead while increasing marketing exposure for our clients.

Through all of these structural improvements to the traditional real estate brokerage model, we are able to offer you complete, full service real estate services for only 1% commission on the listing side and can sell it for as little as 3% TOTAL commission.

Kelsey WatkinsKelsey Watkins
00:52 10 May 24
Faye and Jim made my closing the most seamless transaction by far! I have worked with them over the last several years, being in the same industry. They handled my most recent, personal listing and they exceeded my expectations! They are extremely responsive, super knowledgeable and ready to help with any of your real estate needs. Not to mention the 1% listing fee, saving you thousands of dollars! 10/10 recommend Faye and Jim Jones!!
Tyquan HendersonTyquan Henderson
02:13 13 Apr 24
Randy GriffithRandy Griffith
01:03 06 Feb 24
Jim is one of the most knowledgeable and seasoned realtors in the market. We have done multiple deals through Jim and Faye I am always thankful for their perspective and service driven mentality.
Jill O'brienJill O'brien
16:13 04 Feb 24
We engaged Jim Jones from 1 Percent Lists Midsouth to sell our condominium. Despite challenging market conditions, Jim secured a contract within one day of listing our home. Although being a discount commission realtor (which saved us thousands of dollars), Jim provided the full array of real-estate services, from market analysis thru inspection and final closing. He even went above-and-beyond by providing transportation to our closing during an unforeseen winter storm. Jim was an absolute pleasure to work with and made the entire home-selling process seamless and stress-free. We are so thankful we chose Jim, and would highly recommend him to anyone who is looking to buy or sell a home.
Tara DavisTara Davis
20:32 03 Feb 24
Jim did an excellent job helping sell my condo. Everything was handled properly and professionally and with great attention to detail. He is extremely thorough and I couldn’t have been happier with the whole home selling process. I highly recommend using Jim Jones at 1% Lists Midsouth to sell your properties in the Memphis area.
Joy HarveyJoy Harvey
22:02 29 Jan 24
I recently had the pleasure of working with Jim Jones with 1 Percent Lusts Midsouth. I found Jim to be the ultimate professional who was extremely responsive to all my needs. I would highly recommend Jim with your real estate needs.
Kelly ClaytonKelly Clayton
21:59 10 Jan 24
Barbara SaundersBarbara Saunders
02:18 08 Jun 23
Faye and Jim are awesome to work with they are very knowledgeable. They have helped me with 2 homes and now an investment house.
Alicia GustafsonAlicia Gustafson
02:42 11 May 23
Faye and Jim Jones are wonderful to work with. We are military family relocating to the Memphis area during a crazy time in the market. Faye and Jim helped us every step of the way. They viewed homes for us via FaceTime, they answered phone calls and countless questions about the area. When we finally found our home, the process went seamlessly! We are looking forward to moving to Memphis and spending more time with our favorite realty team, Faye and Jim Jones!
Jim JonesJim Jones
16:49 10 May 23
Terri SafdariTerri Safdari
02:34 24 Jan 23
Excellent customer service, great communication, highly recommend
Brian HizerBrian Hizer
18:35 28 Oct 22
Faye and Jim have helped me purchase 2 homes. If you are looking to buy or sell they have decades of knowledge. They are experienced and very hard working!!! They listened to all my needs and got me the best deals possible.
Club WindwardClub Windward
18:28 24 Oct 22
I would highly recommend this company for both commercial and residential needs! Bought and Sold real estate properties with Mr.Jim and the process was very swift and easy!
Peyton BainePeyton Baine
18:08 18 Oct 22
As a first time home buyer, we were very nervous going in but they made the entire process so smooth and easy! They were very responsive and attentive and answered all of your questions. We had a great experience and would recommend them to everyone!
William WilkesWilliam Wilkes
20:51 17 Oct 22
Jim Is a top notch realtor. When we started deciding listing price he thought I was too low and he was right. Our house sold in the 1st week after the open house with multiple offers, above asking price. Jim also helped us with our moving details and was there for us every step of the way. He answered all our questions and calls. He's more than just a realtor, he's now a good friend.
Chris MurphyChris Murphy
17:14 14 Oct 22
The Jones team did a great job of putting together a top notch presentation for a potential buyer of our home. We where very pleased with the handling of the sale of our home. Not all agents understand the needs and wants of a luxury home buyer. However the Jones team nailed it!Quick close verifying every detail and above ask. You can’t ask for more!
Vickie StaffordVickie Stafford
21:46 11 Oct 22
Faye Jones is an excellent agent to work with as she searched and found us the house of our dreams! She quickly arranged the sale of our old house along with a lake house out of town. The process went so smoothly and all was handled within 3 months. Unbelievable service! My husband and I highly recommend Faye!
Brandon JoyBrandon Joy
18:58 05 Oct 22
I would really recommend these people to anyone in the Memphis area. They were the kindest and most helpful Realtors I have ever worked with. On top of that I save a ton of money selling my home because they listed it for just 1% commission. Thank You!
Jim JonesJim Jones
14:45 04 Oct 22
Amber GriffithAmber Griffith
16:01 20 Sep 22
Jim & Faye provided awesome customer service. I strongly recommend them when it's time to buy or sell a home.
crystal fabachercrystal fabacher
19:26 11 Sep 22
Jim & Faye provided topnotch customer service going far beyond our expectations! Their negotiating skills helped us pay the lowest possible price for our home and they went above and beyond to coordinate repairs and take countless pictures and videos since we were buying sight unseen from overseas. I would strongly recommend them when it's time to buy or sell a home.
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SELLING YOUR HOME

Sell Your Home For Less

As your Full Service Discount Real Estate Brokerage we handle your entire transaction that means all paperwork, negotiations, appraisals, inspections, managing showings, sign in the yard, and MLS lockbox on the door. We do it ALL for only 1% !

BUYING A HOME

Search Homes For Sale in Multiple Markets

Finding and purchasing a home that will meet your needs is a significant and often stressful time. Our goal is to make this transition as smooth as possible. We are experts in the area, and once we learn what it is that you're looking for, finding your dream home is simple.

Save Thousands

Listing Your Home With 1% Lists

One Percent Lists lets you save thousands of dollars selling your home by eliminating the older marketing strategies which are less effective and implementing cutting edge marketing for real estate and maximizing modern marketing strategies all without losing the benefit of having an ACTIVE REALTOR in your corner.

$4 MILLION+

Saved to date for our clients

"We listed our house on a Thursday and by Sunday we had two formal offers and a third that was interested if the others fell through. This company will continue to disrupt the Realtor space in a very positive way. We couldn’t be more impressed and satisfied."

Tyler G.

"The crew at 1% Lists are very knowledgeable at their craft and truly have their clients’ best interest as their top priority. Highly recommend!"

Todd Currier

HOW MUCH CAN YOU SAVE?

HAVE MORE QUESTIONS?

Contact our team of real estate professionals today to start your savings!

WANT TO JOIN OUR TEAM?

If you're interested in joining the 1% Lists team of real estate professionals, let us know. We'll help you get started.

Key Real Estate Market Stats

  • Median home listing price per square foot is $147
  • Active Listings 2638
  • Zillow Home Value Index for Memphis is $151,770
  • Memphis home values have increased by 93.2% in the last five years.
  • The median sales price for a Memphis home is $221,000

Memphis Real Estate Market

Memphis' housing market is not slowing down. Buyers are advised to act quickly if they want to make an offer. With fewer listings and more competition from homebuyers and investors, homes are selling quickly.

For a long time, Memphis housing has been in shortage. According to the Memphis Business Journal, fewer homes are being built because of a shortage of skilled workers and rising land development costs. This imbalance helps keep Memphis' real estate market strong.

Historical price changes and housing affordability

Investors with a long-term buy-and-hold strategy may seek out markets where price increases are slow but steady. Rentability is a measure of the demand for rental housing, and whether people will rent or buy.

The latest FMHPI for Memphis, TN-MS AR MSA reveals:

  • April 2017 HPI: 125.3
  • April 2022 HPI 205.2
  • 5-year change in home prices: 63.7%

About Memphis

Memphis is located in  southwest Tennessee, it’s famous for the influential strains of blues, soul and rock 'n' roll that originated there. The metro area and city grew out of suburbanization to encompass the entire region of southwest Tennessee, northern Mississippi, and eastern Arkansas. The city serves as a major transportation hub for the area.

Realtor.com rates Memphis as the #1 market for first-time buyers. Lured by the affordable home prices and a high percentage of renters in Memphis, investors are scooping up homes.

The Memphis real estate market may be hot, but there is more to Memphis than just the great real estate prices. The city, located along the Mississippi River, has Elvis' Graceland and the Blues Hall of Fame. It also boasts some incredible BBQ. Head out on a riverboat cruise or hit one of the bars on Beale Street.

Population growth

Shelby County is Tennessee's most populous county but has the slowest growth, population-wise.

The following are key population statistics:

  • Memphis has a city population of more than 633,000, with over 1.3 million residents in the metropolitan area.
  • Median household income in Memphis is $53,896, while per capita income is $30,423.

Memphis Job Market

As residents and businesses continue to flock to Memphis, the annual employment growth is increasing. According to the BLS, Memphis' most popular job sectors are construction, manufacturing, business and professional services, leisure and hospitality, and professional and business service.

Bloomberg reports that Memphis is the top-ranked metro area for job creation in America, compared to the area's average employment rate over the last ten years.

Here are the key employment statistics:

  • The GDP in Memphis has surpassed $77 billion and has grown by more than 30% over the past ten years.
  • Memphis' employment has increased by 0.96% over the past year.
  • Memphis jobs increased by 1.4% in the past 10 years compared to similar-sized cities like New Orleans, St. Louis, and Raleigh.
  • FedEx, International Paper, and ServiceMaster are major employers in Memphis.
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UNDERSTANDING

DISCOUNT REAL ESTATE BROKERS

Many people embarking on selling their home do not fully understand how real estate commissions work. When selling your home, a commission is agreed upon by the seller and the listing agent The commission is referred to as a percentage of the final sales price. In many instances, but not always, the agreed upon commission is split between the listing agent and the selling agent. This is a crucial aspect of getting your home sold and for top dollar.

If the offer of commission on a property (to agent representing the buyer) is far below the 'going rate', many agents with ready and willing buyers may skip your property when showing houses. This is why many other discount real estate

brokers or flat fee brokers fall short They do not offer a competitive commission to the agent that brings the buyer.

With 1 Percent Lists version of a Discount Real Estate Broker, as the listing broker, we take only 1% of the sales price to list and market the home, while offering a competitive commission to the buyers agent - all the while, providing the same real estate services as a full service brokerage. Because our sellers are saving thousands of dollars by only paying 1 Percent Lists 1% of the sales price, they can offer their home at a lower sales price, offer a bonus to the buyers agent or simply pocket that money as well deserved equity.