DISCOUNT
Real Estate
BROKERS
Save on Fees
NOT on Service
SEARCH REAL ESTATE
Search All Homes For Sale
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.
Discount Real Estate Brokers in Tennessee
Why List at 6%?
Discover how much you can save with a Discount Broker.
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.
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
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.
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.