Buying, Selling and/or Building
First, if you are getting a rebate from a transaction, you do need to be very careful to avoid some things that could be considered mortgage fraud and/or RESPA violations. We have worked directly with governing authorities, the Minnesota Department of Commerce and the MLS to make sure we abide to all rules and regulations and avoid any possible future consequences for our clients. If not done properly, there may be issues.
We have been doing this since 2009, actually before that, and we know how to do it right. We have actually worked with attorneys who watched our every step.
So how does a rebate work?
It's best to take a look at where the commission comes from for most transactions. Keep in mind that...
• Commission is 100% negotiable.
•The Seller or Builder typically pays both sides of the commission, to the Listing agent/broker and to the agent/broker that brings in the Buyer (the Selling Agent).This pie chart shows how a 6% listing commission might be split, and once again, the seller or builder typically pays the full 6%.
So knowing how the commission works, here's how Get a Rebate Real Estate can save you money.
When Buying an existing house, townhouse, condo, lot, cabin, acreage, farm, investment property, foreclosure etc. the seller pays us the commission, in the example 2.7%. The rebate comes from that commission and is based on the sales price. Recent rebates have been $1,450 for buyers in Burnsville, $10,000 for buyers in Stillwater, and $3,000 for a buyer in Prior Lake. Email me at firstname.lastname@example.org to find out how much your rebate could be.
When Building new construction, including house, townhouse, condo, etc. the builder pays our commission, and we represent your best interest. The rebates comes from the commission the builder pays us. Recent new construction rebates are $2,500 for a buyer in Rosemount, $4,300 for a buyer building in Lakeville and $14,000 for a buyer building in Edina. Email me at David@DavidProuty.com to see how much your rebate could be.
We also offer rebates to buyers that buy our listings, no matter what company their agent works for. Recent rebates paid to buyers of our listings include $1,750 for a buyer in Farmington. The seller decides how much they are willing to offer as an incentive/rebate to potential buyers and can vary from a few hundred dollars to over $10,000. If you are working with an agent, have your agent contact me for a rebate amount on any of our listings, or, if you are not working with an agent, email me at David@DavidProuty.com to find how much your rebate could be.
Again, there are restrictions that apply and there are very specific steps needed to be followed to abide to all of the governing authorities. We take care of all of those steps to ensure we abide to all rules, regulations, and laws.
This is what I do full time, I love working with buyers and sellers and love to make real estate fun. Our unique offerings that you won't find anywhere else makes it even more fun. When you are ready to discuss Buying, Building and/or Selling real estate in the Twin Cities area, please contact me, I would welcome the opportunity to work with you...
Contact David Prouty, CRS, GRI, ePro, Broker, Realtor®... email@example.com ... 612.860.1537
Here are some graphs/diagrams to consider when selling...
The Chart above shows the importance of the first 2 1/2 weeks on the market. You will have the most showing during this time. As time on market increases, what the market is willing to pay for your property decreases. having your property in showing condition from day one is essential for a maximum sales price. We can help you reach that goal!
This chart shows the importance of proper pricing. The market determines price so the competition is extremely important to consider when pricing your home. It is also important to keep a pulse on the market since activity can increase or decrease and that behavior can help us determine possible price reductions.
The above chart shows where real estate commission goes. In the Twin Cities area, the seller (or builder) pays all commission for all MLS listed properties. This is important to keep in mind, especially when buying. Since the seller (or builder) pays the commission when buying or building, it is important to have a real estate professional on your side when buying...see our Buying/building page.We syndicate to the following web sites when we list your home for sale...BackPage, Clickable City Directory, CLR Search, craigslist, cyberhomes, facebook, frontdoor, Google, HomeFinder, Home Hippo, HomesZ, hotpads.com, househunting.com, The Housing Pages, Kazork.com, kneedl.com, oodle, Real Estate.com, Trulia and more... Exposure is key as the majority of home buyers and sellers are utilizing the Internet when looking to sell and/or buy!
David Prouty, top MN Realtor / Real Estate Agent will sit down with you with no cost or obligation to discuss your selling needs. Contact Dave Prouty today! You can reach Dave by calling 612.860.1537 or email Dave Prouty at David@DavidProuty.com This was posted on BrokerAgentSocial... There is a right way and a wrong way to sell a home. Here are some of the wrong ways.I Want to List it High Because I Know Someone Will Offer Less
When a home seller interviews a real estate agent it's easy for them to get caught up in the excitement of choosing a sales price. If they can get more money for the home, it means more financial opportunities for the homeowner. Maybe it means they can afford to buy a larger, more expensive home, pay off some bills or take a vacation. Unfortunately, uninformed sellers often choose the listing agent who tells them they will list it at the highest list price. This is, by far, the worst mistake a seller can make.
The reality is that it doesn't matter how much money you think your home is worth. The only person whose opinion really matters is the buyer who is going to make an offer, and of course, the appraiser. Pricing a house is part science and part art. It involves comparing similar houses in similar communities, making the necessary adjustments for the differences between them, charting market movements and measuring the amount of housing inventory, all of this in an attempt to help determine a range of value. This is the same method appraisers use to evaluates a house. No two appraisals are exactly the same; they are however, generally close to one another. There is no hard and fast way to just stick a price on your home.
Is the Price Too Low?
Houses sell at a price a buyer is willing to pay and a seller is willing to take. If a house is priced too low the seller should expect to receive multiple offers and drive up the price up to the market value. There is not much danger in pricing a home under its actual value and your competition. The danger is in pricing it too high and having the house sit on the market for months.
How It Starts To Go Wrong
The seller of a home didn't interview her real estate agents. She pick the first agent off the Internet because, "He looked like a nice guy." The agent priced her house at $250k. After 90 days of sitting on the market, the listing expired.
It Continues To Go Wrong
The next agent she hired listed the house at $235k. Months passed and eventually she dropped the price to just under $220k, still no offers. A few people looked at the house, but no serious buyers came forward.
More Than a Year Later
By the time she hired the last agent list her house, the seller had grown exhausted and weary. It was now more than 12 months later. The seller and her agent then priced the home at $195k and it sold very quickly. The sad part is that the comparable sales in the neighborhood fully justified a price of $220k, but the home had been on the market for too long at the wrong price, and now the market had slowed.
The question is how much money expired listings cost the real estate owner? The financial losses often exceeds the extra mortgage payments paid and goes beyond the cost or the hassle factor of trying to keep a home spotless during the listing period. It affects the value that a buyer ultimately chooses to pay because it is no longer a “fresh” listing. It's now stale, dated, a home that was overpriced for too long. Don't let it happen to you. Don't be that seller of an expired listing. Be sure to hire a professional Realtor to price your house correctly from the beginning.