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Buying A Home With Flat Fee MLS

There are a number of ways in which home buyers find and purchase the home of their dreams. Some work with real estate agents – specifically, with a buyer's agent – who will do most of the searching for them and who will receive a commission based on the price of the home. Others choose to do the footwork all on their own – they search through listings in the newspaper, look at flyers and drive through the neighborhoods where they would like to live.

Still others who are looking to buy a home look at ways in which they can buy a home online.

One element of buying a home online is searching through listings to find homes that are available. Another element is is finding the right partners – real estate professionals who will assist them with closing on a home, not with finding the right home for them.

A home buying partner is different from a buyer's agent. A home buying partner, instead, helps with the paperwork, helps with negotiating and closing on the home.

Just as home sellers can save with a Flat Fee MLS service, home buyers will be able to save as well. Home buyers can save by using a flat fee service in the following ways:

Home buyers can save by taking on the responsibility of finding the perfect home. Rather than having a buyer's agent who does the “home work,” it will be up to the buyer to find homes matching their own criteria – something that can often be done online;

Home buyers will be the ones who seek out open houses or will take on the responsibility of scheduling a time to preview the homes that are interested in seeing;

Home buyers will take to the showing a card or other statement by which they let the seller know they are using a flat fee service to purchase a new home;

Home buyers, once they've found the right home for them, will work with the flat fee service to make an offer and close on their purchase.

As a reward for doing the majority of the work on their own, home buyers who use a flat fee service – services from real estate companies that allow sellers to use Flat Fee MLS listings to sell their homes – will receive a rebate at the end of the transaction. This rebate will come from the commission typically paid to a buyer's agent.

In other words, just as sellers can save thousands of dollars using a Flat Fee MLS listing to gain exposure for the property that they are selling, home buyers are able to use flat fee services to save thousands while buying a home. Just as sellers are able to have access to the tools and services that they need to make the process of selling a home easier, home buyers can use flat fee services to have access to the tools and services they need to by a home.

When the time comes for you to buy a home, why not take advantage of ways in which you can save? Why rely on a buyer's agent to do things that you can do yourself? Buy a home online; buy a home on your own with a flat fee real estate service.

Do the work on your own and get help when you need it with a flat fee real estate service.

Submitted by:

Lawrence Bunnell

Lawrence Bunnell is a Partner and the Principal Broker of IHS Realty, an Internet based, real estate brokerage company offering consumers online, flat-fee, 'a la carte' real estate brokerage products and services. Lawrence has been a full-time licensed REALTOR® since 1984 and is currently a licensed real estate broker in Virginia, North Carolina, Maryland, Georgia, South Carolina and Pennsylvania. In addition to his role as the firm's Prinicipal Real Estate Broker, his duties include serving as the head of web application design and development and Internet marketing initiatives for IHS. http://www.ihsrealty.com/




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