Home Buyer Rebate; Discount Real Estate Brokers

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The Real Estate Revolution

"There is nothing more powerful than an idea whose time has come." This old saying certainly rings true in the real estate industry, where technology is in the process of changing tradition.

Fueled by Internet access to information that was previously limited to members only, the changes are inspiring real estate brokers in Dallas-Fort Worth to offer more competitive options that could be worth thousands of dollars to home buyers and sellers.

Dallas-Fort Worth, Texas discount real estate brokerages are operating on the basis that many consumers will use the Internet technology to take a more active role in their real estate transaction. The time saved by the broker equates to a financial savings for the customer.

Most people shop for the best value on products or services, and will take advantage of specials or discounts in order to save money. Striving to save a few dollars on just about everything, except for perhaps the most expensive transaction. When selling or buying a home, thousands of dollars are typically spent on sales commissions, which could otherwise be saved, providing consumers have access to the right information and the available options.

Consumer access to the online network of home listings and research information has created a more competitive market for alternative real estate services offering new options for discounts on home listings, and cash rebates for homebuyers.

Multiple Listing Service

The "North Texas Real Estate Information Systems", or MLS, is a database, or directory of homes that are listed for sale by Dallas area real estate brokers and agents. When a home is listed for sale in the MLS, the listing provides the maximum exposure to real estate brokers and agents that may have clients as potential homebuyers. Specific property types and detailed information in the database can be quickly located and matched to the criteria of potential buyers.

Because this directory is so comprehensive, it has become the most powerful marketing tool in the real estate industry. In many areas, up to 85% of homebuyers first learned about the home they bought, through a listing in the MLS. More homes are sold through the multiple listing service than by any other medium.

	Buyer Resources
	Buying Tips
	Buying Bank Foreclosures
	Things Not To Do Before Buying
	Reasons to Delay Buying a Home
	The "Multiple Listing Service" (MLS)
	How Much Can You Afford?
	"New" Home vs. "Resale" Home
	The Land - Lot Considerations
	Buying Advice
	Get Pre-Approved
	Why Use a Buyer's Agent?
	The Business Cycle & Buying a Home
	Home Resale Values - Location
	Home Resale Values - the House
	Tips for Winning Lowball Offers
	Comparable Sales / Your Offer Price
	Factors Affecting Your Offer Price
	Offering to Purchase Real Estate
	Writing an Offer - Safeguards
	How Financing Details Affect Your Offer
	The Home Inspection
	Videos
	Video Library
	Stamar-Jones Realty
	Forms
	Information About Brokerage Services
	Purchase Contract (Resale)
	Buyers Representation Agreement

Prior to the internet, access to the MLS database of home listings was available only to licensed members, and as a result had limited the alternatives that were available to the traditional listing and sales approach. Now, with the advent of easy access to this powerful database, Dallas-Fort Worth consumers can choose money saving alternatives to the traditional sales commission.

Home Buyer Rebate

For Dallas-Fort Worth homebuyers, many brokers and agents are now offering home buyer rebates up to 1% of the final sales price, which can be paid, or credited to the costs of the homebuyer at the close of escrow. Again, when compared to a traditional full service sales commission paid to a selling agent, the savings to the homebuyer can be high.

In a typical home buying transaction, the selling broker would receive a 3% commission for their service, and would rebate the agreed portion of the commission to the buyer when escrow closes. The rebate can be applied to the buyers down payment or closing costs, or taken as cash, providing there are no lender restrictions, or the amount of the buyers rebate can be deducted from the final sales price of the home.

Example:

· $400,000 Sales Price
· 3% Commission Paid to Selling Broker = $12,000
· 1% Home Buyer Rebate paid to Buyer from the proceeds of Selling Broker's Commission = $4,000

"When we first decided to use a Broker offering a Buyer Rebate, I remember being a little concerned that we would get something less than full service...
instead, we were pleasantly surprised to find out just the opposite. My wife and I have now purchased 3 homes & I am happy to say that we have never worked with a more professional, attentive, full-service Realtor."

"We flew in from California and did not know the area at all, but Buyer Rebates Realty did a super job after orienting us and showing us numerous communities. When you combine their level of professionalism & area knowledge with the cash rebates, I can't imagine using any other Realtor."

~ Mike & Kelley Haak

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