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Looking For A Rebate When You Buy A Home?

 
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Lawrence Bunnell

“Is it possible to buy a home without a real estate agent?”

“Since I can look for properties on my own, why do I need a real estate agent to help me buy a home?”

“Is there any way to save money when I buy a house?”

Many home buyers are asking questions similar to these every day. The internet makes it easy to search for properties that match what a home buyer is looking for – in a particular city or town, in a school district, near a shopping center, with a certain number of bedrooms.

Home buyers, as a result, are finding that buying a home on their own is less challenging than they'd thought it would be. And, thanks to a home buyer rebate, many are finding the process of searching for their own homes more rewarding than ever.

What is a home buying rebate? The short answer is that a home buying or home buyer rebate is a return of a large portion of the buyer's agent commission on the purchase price of a home to those buyers who sign on with a flat fee broker.

When a home buyer signs on to work with a flat fee broker, a home buying rebate rewards them for the work that they put into finding their own home. The home buyer simply searches through listings of homes for sale online – either through the broker's site or through Realtor.com or other home listing websites. - and makes notes on the properties that he or she is interested in seeing.

Once potential properties have been located, the home buyer will need to schedule a time to view the property or to attend an open house. When the right property is found, simply refer the seller's agent or property owner to your buyer's agent – your contact at a flat fee realty company.

You'll then contact your representative at the flat fee agency and complete an offer on the property. Your broker will help you to negotiate the sale price and ensure that all of the paperwork associated with the offer is completed correctly. And then, once the sale is completed and you've closed on the property, you'll receive a home buyer rebate – the buyer's agent commission minus the flat fee charged by the broker.

In most cases, a home buying rebate will enable you to save thousands of dollars when you buy a home – just for doing a lot of the work yourself. If you're a hands-on type, if you would be looking for properties anyway or if you're just looking to save as much as possible when you buy a home of your own, working with a flat fee broker and receiving a home buyer rebate may be the best option for you.

With flat fee home buying, you'll get more than just a home buyer rebate. You'll get the satisfaction of knowing that you found the home you've been dreaming of. You'll get the help that you need throughout the closing process. And you'll have the satisfaction of knowing that you saved thousands of dollars in the process.

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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/
Article Tags: buyer [See Dictionary], home [See Dictionary], rebate [See Dictionary]
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Article published on July 31, 2007 at Isnare.com
 
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