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Jul 10

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

by Peter Baturenko

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 estaterebate.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!

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