Thursday, October 31, 2013


Have you or are you thinking about discounting the commission when selling a home? If so, please continue reading.

You're about to read a true story. You may or may not like it, but it happens. And it could be the reason a home isn't getting more traffic.

When I was an active realtor, I had a listing on the market for approximately 3 months. The commission that was being offered to a buyer's agent was 2.5%. It was getting decent traffic but it was also at the time when the market was beginning to slow.

I uploaded the listing on a few of the sites below as well as the seller's home owner's community web site. I received a call from an agent saying he had potential clients that saw the listing on the community web site that were very interested and wanted to know why I had discounted the commission. I don't think I have to tell you that that's absolutely none of anyone's business. Please continue reading to find out what happened in the end.

Commission Rates Have Always Been Suggested.

By law there is no definite percentage or cash amount that a real estate company can charge. For quite some time, 6% has seemed to be the standard and the commission is paid by the seller. In most transactions, there is a listing agent and a buyer's agent with the commission being split between two different agents and two different real estate companies (unless the buyer's agent works for the same broker as the listing agent, then the whole commission, usually 6% is paid to their broker).

The listing agent (with permission from the seller(s), decides what that split will be. Most of the time the split will be 3% for each side (the listing company and the buying company). Sometimes, especially if the commission has been negotiated by the seller, the split can be lower than 3% and in some situations higher than 3%.

How an Agent Can Search for a Buyer

When an agent runs a search for their potential buyers in their multiple listing system, they can choose not to search for homes with commissions below 3% by filling in a certain search field.

Now I can only assume from the story above that the agent was only looking for listings with at least a 3% commission. But because I had put the listing somewhere else for other buyers to see, it received more exposure and to make a long story short, his clients bought the home.

Most buyers are online first when beginning their search. Sometimes a buyer will look where their friends live. That's what happened in the case of the buyers finding the listing on the community web site. The more exposure you can get, the faster a home can sell.

Below are some sites your agent or you can try for more exposure.

*If your home is listed with a real estate company, make sure your agents contact information is listed if you choose to use any of the sites listed.

*If you're selling a home without an agent, take precautionary measures as far as safety when showing the home to potential buyers.

1) /For a fee, depending on what kind of listing you choose. Great marketing if you live by a military base.

2) /Free

3) /At the time of this post, 0 insertion fee for a 30-day ad or auction listing

4) /Free

5) /Free for a basic listing, and several options to choose from for selling your home yourself (with or without an agent) for a fee. Listing will be featured on

6) /Several options to choose from for selling your home yourself for a fee

7) /Free. Make a youtube virtual tour video of the home (inside and out) Email the link to friends and family and ask them to keep your home in mind if they hear of anyone looking to buy. Have your agent email the link to all agents in the office and put the link in any print marketing.

8) Last but not least, if you live in a neighborhood with a home owner's community web page, upload the listing.

*The sites mentioned are suggestions, not a guarantee that it will get additional buyers through the door or sell the home.

Our blog provides tips and techniques through "How To Articles", printable lists and photo galleries to how to show a home in order to attract the most amounts of buyers to help in getting an offer faster.Visit our blog How To Sell a Home Faster

Our blog provides tips and techniques through "How To Articles", printable lists and photo galleries on how to show a home in order to attract the most amounts of buyers to help in getting a faster offer.

Tuesday, October 29, 2013


What do you mean by Credit? The actual meaning of Credit is that you are utilizing somebody else's money to pay up for things. It as well means that you are building a Promise to pay back the money to the Company, Organization or a person who loaned you the money. Whenever a Person puts on for a mortgage, Loan, a Credit Card or for any other purpose for which he requires to borrow money from a bestowing Agency, the Agency will ascertain the financial Credit-worthiness of the individual and based upon its appraisal of the fiscal risk involved in the deal, that Agency will settle upon all the terms and conditions of conceding credit.

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After you have decided to buy your own house and have chosen among the available Scottsdale homes for sale, you now have to prepare a purchase offer to present to the seller. This is a very crucial stage as your offer may be the deciding factor whether you'll successfully get the house you want or not. The situation can even be more complicated if there are many buyers competing for the same home. Because of this, it is important to have a carefully planned strategy to be able to get the acceptance of the seller who has to deal with multiple offers. The following are some information that can help you make a plan to deal with this kind of situation:

- When a seller gets a lot of offers from buyers, there are many possible ways he can deal with them: he may accept the highest purchase offer; he may notify all the likely buyers that there's already an offer that is being taken into consideration; he may give a counter offer to a buyer while putting the others on hold while he waits for the answer; or he can just reject all the offers and only give a counter offer to one buyer.

- It is normal for listing agents to advise and suggest to the seller, but the seller makes the final decision about the purchase offers.

- There are benefits, as well as drawbacks, in every strategy in negotiating with numerous offers. For instance, if you give a low purchase offer, it's possible that you wind up purchasing the house below the price listed, which is good, but there's also a possibility that your offer gets rejected and a higher one gets accepted. On the contrary, if you present an offer that is the same as the list price, you might end up paying for the house more than what the seller might have anticipated. In certain instances, many buyers compete for the acceptance of the seller; all of them presenting full price offers. Because of this, it would be wise to plan very carefully so as to not make an error.

- Real estate agents generally give assistance to their clients when it comes to the home buying process. They give explanations about the pros and cons of the various strategies you may employ and even gives suggestion. Making the decision, however, is still up to you.

- Generally, purchase offers aren't really confidential. Sellers may tell buyers if there's an offer being considered; some make the details known to other buyers, hoping to persuade them to give a better purchase offer. Sometimes, sellers ask their agents, on their behalf, to reveal an offer to buyers.

- The listing brokers and real estate agents are both compelled to obey lawful and principled instructions from their clients. Revealing the terms and conditions of an offer is not illegal, but it may have some limitations in certain circumstances.

- There's a possibility of making your purchase offer classified. Make sure to talk to your agent about this matter. Moreover, you may create a confidentiality agreement with a seller before both parties start negotiations.

- Since your agent has some clients other than you, there's a possibility that one or even more of them have taken an interest to the same house as you do. If this happens, you should ask your real estate agent how he will deal with this kind of situation.

- Your real estate agent normally gives you advices; these are often based on his earlier experiences so there is really no assurance on how a seller will take action in a particular situation.

The process of buying a property in Scottsdale real estate is really difficult. For this reason, it is essential to be aware of any information you can learn in regards to home buying, specifically about negotiating with sellers who have multiple offers.