Is there still a need for Las Vegas Discount Realtors in this real estate market? The premise for discount Realtors was to discount their “commissions” to make it more affordable for those sellers that only wanted to pay for certain services. So instead of providing a full service, discount Realtors only provided the services the seller was willing to pay.
Back in 2004 and 2005 when homes were flying off the market as soon as they were placed for sale, sellers were looking for discount Realtors as they knew their home would sell as soon as they entered it into the Multiple Listing Service. Even full service real estate brokerages were lowering their commissions in order to satisfy their sellers as they knew the real estate market wasn’t bearing a 6% or 7% commission. But that is just not the case in this real estate market. There is way too much inventory and in order to sell a home, it is imperative that a home gets as much exposure as possible to get potential buyers to walk through the door. Which means, Las Vegas Real Estate Agents need to market their listings, which costs money!
Many Las Vegas Discount Realtors, not all of them, just place their listings in Multiple Listing Service and wait for another Las Vegas Real Estate Agent to bring them a buyer. Unfortunately, that is not going to sell a home in this market! There are way too many homes for sale and now that homeowners have to compete with bank owned and short sale properties, it is imperative that they price their home accordingly and their real estate agent needs to get as much exposure as possible! So I just don’t see where a discount Realtor can compete with a full service Realtor and provide the same marketing and exposure the home needs to sale.