Changing Real Estate models are bringing greater value to home buyers. Do you know what you need to to save thousands of dollars on your next home purchase?
Let's face it, existing real estate sales models are laden with conflict and challenges. Consider, if you will:
► The Buyer's Broker and Agent are being paid by the Seller's Broker and Agent (conflict of interest)
► The Buyer's Broker and Agent get no payday unless the homebuyer makes it all the way to a successful closing (Realtors take on all the risk)
► Their commission check amounts are based on the sales price of the home they are helping to sell (conflict of interest)
► Since 3/4 of home buyers never make it to the closing table, each successful closing pays for all those that didn't (buyer pays more than their share)
Fast-forward to 2010 as Home Buying Revolution innovates a real estate model that benefits home buyers and Realtors® alike. Sometimes referred to as fee and /or task-based agreements, this new approach allows home buyers to choose which Realtor® support services they wish to buy and which they are willing to take on themselves.
In this scenario, Brokers/Realtors® agree to work on behalf of home buyers and get paid directly for specific tasks that they perform. That’s it. At the closing, that commission payment that ‘traditionally’ went to the broker for the buyer instead stays in the pocket of the home buyer. This is applied as either a cash payout, credit toward closing costs, or reduction in the negotiated sales price.
Realtors® benefit too! As a task based advocate, Realtors get paid for the work they do when they do it. No more waiting for a successful closing to get paid for ALL their hard work.
It's time to separate the commission scenario for home buyers. From a value standpoint, with home buyers eliminating the risks themselves, they deserve the reward of a big payday.
With task-based services the commission check can be a thing of history. Realtors® can get paid just like other professionals and eliminate the conflicts of interest they face daily. With this new equation, everybody can walk away a winner.
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