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Westchester New York real estate Article Summaries

A Real Estate Investing Primer
By: Adem Hamidovic
: There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on... is to 'flip' houses to these rehabbers. What this entails is you going out and finding these fixer-uppers, noting all ...

"The Architect" Real Estate Development Design Professionals
By: Colm Dillon
: "The Architect" Real Estate Development Design ProfessionalsThose of you who are new to the real estate develo... architect in your area of operation, contact the Institute of Architects in your country, who can then direct you to th...

Personal Branding Techniques for Real Estate Agents and Brokers
By: Dan R. Vella
: A key principle of marketing is to find something unique about what you offer as the basis of your sales message. Even... your own organization. It involves developing your personal reputation. Branding can be done to any product, or any per...

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... $162,000 and we get $12,960 for year two. Adding that to $162,000 equals $174,960. Okay, I was off by $40.00. Don’t for...

How to Become a Real Estate Agent
By: Andre McFayden, Ph.D.
: The process of becoming a real estate agent is fairly simple, although it does vary a lot from state to state. Here a... About the Author Andre McFayden, Ph.D., is a Real Estate Broker and contributor to Real-Estate-Career-Info.com. ...


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




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Westchester New York real estate Resources
Check below for additional Westchester New York real estate Links and Information

Sleepy Hollow Real Estate
offering homes; new construction; condos; land; and more. New York State - Westchester County - Real Estate Agencies - Residential

Westchester Real Estate Listings and Service
View all listings in Westchester New York. Real Estate Agent for Relocation; Selling your home; buying and renting

Coldwell Banker Residential Brokerage
Coldwell Banker offers real estate listings in New Jersey; New York and Connecticut. Coldwell Banker Residential Brokerage is a full service real estate company.

About Westchester County New York Properties Real Estate and Information
... Specialized in Westchester County Relocation and Westchester New York Real Estate ...

CENTURY 21 Schneider Realty - Value your home in Westchester and Putnam NY
... particular expertise in co-ops. This Westchester; New York real estate company offers the Multiple Listings Service MLS ...

Dolf Beil - Prudential Rand - White Plains New York Real Estate
Search online for homes in New York. Also view: community; school; mortgage; buyer; seller information. ... This web site is designed to be your complete Mid-Westchester New York Real Estate resource ...

Westchester Real Estate Agents and Brokers
... Search Homes.com to find Westchester; New York Real Estate Agents or real estate agents. Contact any of the Westchester; New York Real Estate Agents in our agent and broker ...

Coppell Real Estate; Southlake Real Estate; Dallas County Real Estate; Gerald Dostal
... Scarsdale Real Estate; Edgemont Real Estate; Westchester New York Real Estate Description: Serving the Real Estate needs ...

New York Real Estate by Adrienne Chadwin
Adrienne Chadwin features; New York Real Estate; and Westchester county real estate. ... Site Map - Our Friends. Westchester new york real-estate Westchester county real estate Rye ny real estate Westchester ...

St. Thomas real estate Real Estate; St. John Real Estate; Virgin Islands real estate Real Estate; Jackie Marin
... Scarsdale Real Estate; Edgemont Real Estate; Westchester New York Real Estate ...

Lippman; Sandra - Prudential Centennial Realty
homes for sale in Scarsdale; Edgemont; New Rochelle; White Plains; and Eastchester. New York State - Scarsdale - Real Estate Agents - Residential

Westchester New York Real Estate
Westchester New York Real Estate mls listings of homes and property for sale ... house / Westchester County real estate / Westchester New York real estate / Westchester Homes / Westchester County New ...

Westchester Homes for Sale. Real Estate in Westchester; New York
Find the Westchester; New York Homes for Sale that you're looking for on homes.com. Search our website to locate your Homes for Sale in Westchester; New York.

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Westchester real estate Westchester County New York
... Westchester Real Estate Westchester County Real Estate Westchester New York Real Estate ... Asking $899;000. Westchester New York Real Estate. ReMAX Prime Properties ...

Frisco Real Estate; Plano Real Estate; Collin Real Estate; Jeff Cheney
Specializing in Frisco real estate; Plano; Dallas; Allen; Little Elm; McKinney; Carrollton; The Colony; and Collin. Jeff Cheney helping to find and buy the home of your dreams. ... Scarsdale Real Estate; Edgemont Real Estate; Westchester New York Real Estate ...

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