Trelora Reviews: The Downside of the Discounts
Trelora is a real estate brokerage company that offers low commission rates for sellers and rebates for buyers. They also offer title and escrow services. However, with Trelora, you may feel a lack of agent’s support at crucial stages of home selling.
With a flat fee MLS listing company like Houzeo, you can get 5-star customer support, assisting you throughout the process. Their advanced technology and user-friendly mobile app make your home-selling efficient and hassle-free.
Key Takeaways
- Pros: Trelora allows you to save on real estate transactions by charging a 1% listing agent commission instead of the conventional 3%.
- Cons: With Trelora, customers may experience limited agent support, miscommunication, and delays.
- Our Take: If your goal is to save on commissions, we recommend Houzeo over Trelora. Houzeo’s MLS Listing offers greater savings and better support.
Let’s delve into Trelora reviews and their pros and cons to see if they are the ideal choice for you.
What is Trelora?
Trelora is a discount real estate brokerage company headquartered in Denver, CO. They provide comprehensive services for buying and selling homes.
The company offers commission savings to sellers by charging 1% listing agent commission instead of the conventional 3%. It also provides rebates to buyers who use their mortgage and title services.
Trelora is able to provide low commissions by operating with a high volume of clients. Hence, they may not be able to offer personalized service to the same extent as traditional real estate agents.
How Does Trelora Work?
Trelora is able to offer discounts by reducing its operating costs and managing a significantly larger number of clients compared to traditional realtors.
However, a notable disadvantage of working with Trelora is that the service quality may be inconsistent. With agents handling multiple clients, the level of support and attention you receive may be limited.
Moreover, Trelora does not provide a dedicated point of contact to sellers. They deal with multiple agents at different stages of home selling. This can easily lead to miscommunication and delays.
Selling with Trelora
Trelora provides the following services to home sellers:
- Property pricing
- MLS listing
- Professional photography
- Negotiations with buyers
- Contract consultation
- Marketing
- Closing coordination
Buying with Trelora
Trelora offers comprehensive support to buyers. Further, you can also get a $2,500 rebate if you use their mortgage and title services. The services you will get include:
- Personalized search alerts
- Showing assistance
- Guidance in inspection, appraisal, title, and closing
Trelora Customer Reviews
Trelora Real Estate has a 4.7 out of 5-star rating on Google based on 493 reviews. Let’s have a look at some of their positive and negative customer reviews:
Trelora Positive Reviews
β Lisa found the team-based “group” approach offered by Trelora suitable for her needs. She mentioned that her realtor did less work compared to other office staff members, suggesting that the collaborative effort of the team was beneficial in her case.
β Nicole commended Trelora for their persistence in securing a favorable deal for her property. She appreciated their efforts to achieve a positive outcome.
Trelora Negative Reviews
β Johnny expressed his dissatisfaction with his Trelora agent, as he felt that their poor negotiation skills resulted in him selling his house for $30,000 less than its actual value.
β Rhianne had a negative experience with Trelora, as she felt that the pricing agent assigned to her lacked experience. Consequently, her property was undervalued by nearly $20,000.
Trelora Pros and Cons
Trelora offers compelling savings to home sellers. However, it is important to evaluate other aspects of the company to paint a clear picture.
Here are some pros and cons of Trelora to help you make an informed decision:
π Pros
- Sellers save on listing agent commission.
- Buyers can get a rebate by using Trelora’s mortgage and title services.
π Cons
- Their team may not offer you personalized support.
- Risk of miscommunication without a dedicated point of contact.
- Coverage is limited to only eight states.
Alternatives to Trelora.com
- Houzeo.com:Β Houzeo offers compelling packages that include substantial cost savings, advanced technology, excellent customer support, and extensive listing exposure. It operates in 47 states across the US, providing near-nationwide coverage.
- Redfin: Redfin provides a comprehensive array of services at a competitive 1% listing agent commission. Nevertheless, several Redfin reviews draw attention to the company’s limited personal assistance provided to clients.
Should You Consider Trelora Real Estate?
We do not recommend Trelora. The company operates with a small team that manages a significantly larger number of clients compared to traditional real estate agents. Additionally, working with different agents at different stages of the sale process can result in delays and miscommunication.
Without the assistance of a dedicated agent, you might find yourself confused and uncertain. The entire process can become overwhelming, especially for inexperienced sellers.
If you want to sell your house quickly and save on the 3% commission charged by listing agents, you can use a technology-focused platform like Houzeo. They offer you a comprehensive dashboard, fully digital paperwork, and a responsive customer support team that makes the home-selling process easy and efficient.
Frequently Asked Questions
1. Is Trelora legit?
Yes, Trelora Realty is a legit registered firm established in 2011. Initially, it charged a flat fee to its customers. Now, it has shifted to a 1% commission-based model. The company has been acquired by Houwzer, another prominent real estate firm, in December 2022.
2. Is Trelora worth the money in 2023?
Though Trelora charges less commission, their shortcomings outweigh the benefits. If you want to save money and avail better customer support, check out the best discount real estate brokers.
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