Home Sellers: How to Maximize Your Commission Savings

In today’s world, an informed home seller has many more options available when making a decision to sell. It’s no longer about having several salespeople in suits pressuring you to sign listing contracts and telling you their fee isn’t negotiable. The traditional “sale by owner” concept has changed too, to take advantage of all the new Internet tools to market and sell your home for the highest price possible, to the right buyers. In many markets, home owners can list their home for sale in the MLS for as little as $500. There are so many choices now, how do you decide which is the best method for you?

Flat-Fee MLS and Limited Fee Approach

Many of the “limited fee” or flat fee MLS methods that are available today only offer limited services to the home seller. For example, there may not be anyone available to answer your questions about a buyer’s offer that you get over the weekend if you are only paying a service $500 to list your home. Or maybe you are making a common mistake of overpricing your home for your market, resulting in delays which require a substantial investment in additional mortgage payments. On the opposite side of the spectrum, home sellers relying on flat fee MLS listing, may “undersell” their property by failing to recognize and promote the home’s strongest features. Let’s face it – all of us are not natural born marketers when it comes to selling a home. The reality is that almost 95% of all for sale by owner homes are eventually listed with a professional real estate agent.

Advantages of Hiring a Professional Real Estate Agent

When it comes to selling your home, there are obvious advantages to relying on a real estate agent to sell your home. You benefit from the agent’s years of real estate marketing expertise and unique knowledge of your neighborhood. Understanding how to write and interpret real estate contracts, and knowing what hidden pitfalls to look for. A good agent is proactive in anticipating possible problems or delays in the home sale transaction. Real estate agents keep you informed on how the transaction is progressing and utilize the most effective strategy to market your home. But what about the cost of hiring a real estate agent to market your property? Traditionally, home sellers would pay 6% to sell their property with a real estate agent. With technological advances in the real estate field, home sellers are now able to enjoy lower commission rates offered by online discount brokerages.

The “Best of Both Worlds” Approach to Selling a Home

Combining the benefit of professional expertise and unique knowledge offered by professional real estate agents and the lower listing commission costs, the new CashbackBids.com auction platform provides a solution for home sellers to get the maximum listing commission discount from their local real estate agents. How it works is simple: 1) You create an auction and provide information about the property you are selling, 2) You local real estate agents submit bids with their listing commission to sell your property, 3) You review the bids, select the best bid and enjoy the commission savings.

Let real estate agents compete for your business by offering their best commission rates in your area. Create alisting commission auction today and enjoy the lowest commission rate available in your area!

Long Awaited Changes in Real Estate Landscape for Today's Home Buyers

Home buyers in 2010 have a whole different set of tools available to them to make the right choices for their home purchase. Not only are there many sites with free access to the MLS today, there are websites such as Trulia.com, Home Gain, Realtor.com and others that give the buyer much more information. Gone are the days when home buyers walked into real estate offices, met with a real estate agent and went through thick books containing printouts of listings. Real estate agents used to be the “gate keepers” for all real estate transaction information – for buying or selling -- not anymore.

Today’s buyers have the opportunity to learn everything they want to know about the neighborhoods they are interested in, where there are homes for sale, and what price homes have sold for in the past. On some web sites, there are even helpful tools that chart the average dollar per square foot by zip code or neighborhood. You can see what the asking price of the home was, how long it was on the market and what the eventual selling price was.

The point is, usually this information is what home buyers have relied on real estate agents for – but not anymore. The traditional models of the real estate agent being the gate keeper for all the information in a real estate transaction have changed. Now more than ever, buyers are in control of choosing what services they need in a real estate transaction. Why not pay only for the real estate services you need?

Traditionally, buyer’s agents have earned a 2 ½ to 3% commission for helping a buyer close on a home sale. Many real estate models today give the home buyer some of the agent’s commission in exchange for the business. That is just the new reality of today’s real estate market. Like it or not, things have changed forever.

Now with CashbackBids.com, home buyers like you can take advantage of commission rebates offered by their local real estate agents. That means more cash in your pocket to do those new home projects you will need to do after the sale closes. How it works is simple: 1) you indicate your home buying preference such as location and price (there is no obligation to accept any offers from agents and your contact information is kept private), 2) your local real estate agents submit their best cashback offers for your home purchase, 3) you select the best offer most suited to your particular situation and enjoy your savings.

The bottom line is that today’s home buyers have a lot more choices and opportunities to get commission rebates when buying their next property. Real Estate 2010 is a new game, and home buyers are in control. Let real estate agents come to you and offer their best rate or rebate in exchange for your business.
Be in control - create a Cashback Auction now and walk away a winner!