There is some good news. The good news is that real estate commissions seem to be falling, which means less out of my pocket when I am looking to sell my house in Florida. The monopoly that Realtors have held over the Multiple Listing Service system is finally weakening as a result of comprehensive web sites that enable the public to access this information. Web services are creating new competition to the industry which will ultimately lower commission rates when I sell my house in Florida. More specifically, it is the listing side of the commission that is feeling the downward pressure.
The role of the Listing Agent in the sale of a home is more like that of a property manager than a salesperson. Speculation suggests that one day the Listing Agent will be completely replaced by the Web in that the public will pay a flat fee to place their home on a national Multiple Listing Service site. The emergence of "buyers only" brokerages throughout the United States certainly lends credence to this theory. List with Freedom sellers enjoy a much lower listing fee, than a traditional brokerage. This allows you, the home seller, to save on fees and commissions and still attract all the potential buyer's for your home through effective use of the MLS system. It really is the best of both worlds.
Don't wait another day and take advantage of this great exposure!
By law, real estate commissions are negotiable. What this means, is that commission rates are determined or set independently by each individual real estate company or brokerage, and they are not set by any governmental body, real estate board or association. Additionally, some real estate companies will allow their salespeople or agents, a certain degree of latitude in negotiating the commission rate to sell your home. This is of course is not any different than Ford or General Motors suggesting a retail price for their vehicles and then allowing a certain amount of bargaining at their dealers. So, just as it is prudent to shop around for the best deal when you are buying a new car, it is equally important to shop around when you are hiring the services of a Realtor to sell my house in Florida.
List with Freedom also offers a Buyer's Rebate Program for people like me who want to sell my home in Florida. The Buyer's Rebate Program is designed for homebuyers who want to play a more active role in the home buying process. They believe their buyer's are entitled to receive part of the commission. Here is how is works: Search for a home using the internet, like Realtor.com, then most importantly, tell the agent that listed the home upfront that you are represented by Jim Tyminski, broker of List with Freedom. Let them know when you find the home you want to buy and they will do all the paperwork, contracts, negotiate the sale, and follow up through a successful closing. After you close, you receive a cash rebate of 70% of the commission they receive. They feel that someone is going to get paid 3%, so you might as well get 70% of it!
