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Commercial Real Estate in new york Article Summaries

Real Estate Development Marketing - A Specialist Article For Those Interested In Real Estate Development
By: Colm Dillon: From the desk of Colm Dillon ...Author of "Residential Development Made Easy" Real Estate Development Marketing!When d... ...

A Singles Game of Real Estate
By: Dan Auito: This discussion leans toward answering questions asked most often by our youthful men and women in there early twentie... paying in rent?Let’s continue on with the way things begin to unfold once you begin the journey. Starting with the day ...

Real Estate Professionals Need You to Write for Them!
By: Isabel Fena: Ask yourself these questions:

Are you an experienced writer?
Do you want to stay at home to write?
Do y... newsletter. Or you know that your next-door neighbor is particularly interested in decorating on a budget so you pass i...

What is the Real "Real Estate Software"?
By: Anastasiya Shalayeva: Everybody knows the difference between the virtual and the real. When it comes to real estate online ads, this differe... of place to carefully study the list of features available with the program. The ideal variant is that they are neither...

Will You Be the Next Virtual Real Estate Millionaire?
By: David Isaacs: Copyright 2004 Dave Isaacs http://www.infinite-revenue.com Have you heard the term Virtual Real Estate? This is a buzz... and they need it now! So the next best option of grabbing the fastest and cheapest traffic is via online advertising, ...

Featured Article

Flat Fee MLS Listings - Is this the future of real estate

Richard Massey

Realtors are all a buzz about this new form of listing houses on the MLS (multiple listing service). Some feel it creates more work for the buyers agent, while others see this as a way to tap into the For Sale By Owner market.

It use to be when you made the decision to sell your home, you essentially had two methods available to you. You could list your home with a traditional real estate company and pay 6-7% commission or you could try selling on your own "for sale buy owner".

Research shows that nearly 50% of all home sellers start out trying to sell their property on their own. Although some home owners are successful with FSBO, according to the National Association of Realtors (NAR) home seller survey, only sixteen percent of sellers actually sell their home without exposure on the MLS. And many of them end up giving away their commission savings to the buyer to close the deal.

Realtors tend avoid for sale by owner properties because they are working with buyers and have no written agreement to be compensated. If the seller has not agreed in writing to pay a commission to the agent, the buyer could cut the agent right out of the deal and negotiate directly with the seller. It happens....

With flat fee MLS service, the seller has agreed in writing to pay a commission, usually 3%, to the buyers agent. This motivates Realtors to bring the seller a buyer.

How it works:

Real estate commissions by law are negotiable. In a flat fee listing, the listing agent agrees to a flat fee instead of a percentage of the sale price. This can be anywhere from $300-$600 for the service of adding your house to the MLS. Then you choose how much to pay the buyers agent in commission for bringing you a buyer (typically 3%). So in the sale of a $200,000 house you would pay $6,000 plus the flat listing fee, saving a close to $5,700 in commissions. The plus side is in the listing agents contract, the right to continue advertising you house FSBO. So in the event you find a buyer without an agent you save on all commissions and only pay the flat listing fee.
- What do you get with flat fee MLS listing:
- Advertise your home on Realtor.com®
- Market to buyers working with a Realtor® through the MLS
- Market to Buyers working without a Realtor®
- Retain your right to sell your property by owner
- Avoid paying any real estate listing commission by paying a flat rate or fixed fee upfront
- Only pay a commission if a buyer's agent sells your home
- Why would a listing agent want to do this?
For real estate agents this can be an opportunity to increase revenue by listing more homes. There are many people who refuse to use realtors because of the 6-7% commissions, but are more than willing to pay 3%. With the increase of internet marketing, realtors can reach more people because all they are offering is to list the house on the MLS. Services are minimal and the listing agent really won't be trying to find a buyer for you, but rely on the buyers agents. This allows them to list properties in a larger area and in some cases in other states.

With the increase of house prices, is the 6% sales commission going to survive or will flat fee listings be the wave of the future. Only time will tell...

Richard Massey is a note broker with United Financial Resources and a real estate investor. You can get more information at http://www.unitedfinancialresources.com or to read more articles go to http://unitedfinancialresources.com/news.html

Commercial Real Estate in new york Resources
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Commercial real estate in New York City is a high-stakes (PDF)
Commercial real estate in New York City is a high-stakes. business with agents and brokers working overtime to match. customers and properties in million-dollar deals. Because seeing. is believing; real estate giant CB Richard Ellis (CBRE)

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