info@oneflatfee.ca 604-725-1000 Value of properties sold as of Jan 29, 2023: $1 Billion +

Category: Real estate

full service realtor

WHAT IS THE DIFFERENCE BETWEEN A FULL-SERVICE REALTOR AND A DISCOUNT REALTOR?

This poses an interesting question so let’s take a look at how a discount realtor is actually very similar to a full-service realtor.

full service realtor

Full-Service Realtor

A full-service realtor will usually provide a free market evaluation to determine the appropriate selling price. Once that is established, they’ll:

  • list your home on the MLS ® system;
  • arrange for showing your home to potential buyers and their agents;
  • prepare (or receive) any offers to present to you;
  • promote your home on their own website as well as the MLS ® system;
  • provide guidance throughout the selling process; and
  • provide conveyancing services to bring the sale to completion.

While this list is not exhaustive, it generally describes the selling process. Depending on your agent, they may also offer referrals to other industry experts such as mortgage professionals, home inspectors, and lawyers.

Discount Realtor

A discount realtor provides most, if not all, of the same services but at a lower commission rate. Rather than using the industry standard of 7% of the first $100,000 and 2.5 or 3% of the balance, a discount realtor uses a lower fee structure which allows the seller to save potentially thousands of dollars of commission payouts to use for any other purpose they want.

Some discount brokerages offer a straight 1 or 2% commission. The downside to this is the buyer’s agent doesn’t get their “usual” fee and may not be overly enthusiastic about showing a home listed this way.

Flat Fee Commission

A flat fee discount realtor does things a bit differently. While the buyers’ agent will receive their normal, full commission for bringing a buyer, the seller’s realtor takes a discounted commission by reducing their fee to a fixed dollar amount. This means you won’t lose any buyers because those agents don’t want to take a lower commission and the seller still receives all of the same services as if they had used a full-service realtor.

Some discount brokerages also offer packages that allow you to sell your home on your own, with only certain services being provided by the brokerage. These services may include:

  • Listing your home on the MLS ® system;
  • Forwarding potential buyers to you;
  • Promoting the home on their website and other internet websites; and
  • Forwarding title of your property.

The fee for this type of service is usually a flat fee for the service of the discount brokerage, plus the normal commission due to the buyer’s agent. This type of sale can be time-consuming for the seller and if the seller is not experienced in buying or selling homes, there can be pitfalls to trying to sell the home privately.

Either way, the seller ends up saving a significant amount of money by using a discount brokerage.

Education and Training

Discount realtor brokerages have highly trained, educated, and experienced agents in the exact same way and to the same high standard as agents at traditional brokerages. The governing body for the real estate industry requires all agents to undergo the same training and education to ensure the best professionals are representing the public, regardless of the type of brokerage they represent.

Using a discount brokerage doesn’t mean you have to sacrifice experience, training, or knowledge. Many discount realtors are in the top percent of the real estate industry and are high achievers with excellent skills and awareness of the market conditions. With any transaction of this size, always ask your potential realtor for references, and don’t be afraid to check them out before making a commitment.

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WHY PAY MORE? HIRE A TOP-PERFORMING DISCOUNT REALTOR TO SELL YOUR HOME INSTEAD!

Just as not all traditional, full-service, real estate brokerages are the same, neither are discount brokerages. And while discount brokerages may have some negative misconceptions surrounding them, here’s why hiring a real estate agent from a discount brokerage can be a great idea:

Top Performing Realtors

Most realtors, whether they work at a traditional, full-service brokerage or at a discount brokerage, work hard to become the top of their field. The services they can provide are exactly the same and include some of the following:

  • They’ll do a free market evaluation to assess the value of your home and determine what they believe the home will sell for.
  • They’ll list your home on the MLS ® system to maximize exposure to thousands of potential buyers.
  • They’ll prepare the paperwork, receive offers from other Buyer agents and present them to you for consideration.
  • They’ll walk you through the process and answer any questions you may have.
  • Many can refer you to ancillary professionals such as lawyers, home inspectors or mortgage professionals.
  • They’ll work with you throughout the closing and conveyancing of the property to ensure a smooth transition.

They Have The Same Mandates

Your real estate agent has to follow the same set of rules and ethics regardless of what type of brokerage they work with. All real estate professionals are governed by the same body – the BC Financial Services Authority (BCFSA) and the high standards of conduct are consistent across the board.

Loyalty to their clients is of the utmost importance and they are required to maintain your confidentiality at all times – even after the sale or purchase of your home is complete.

Your real estate agent will, and must, follow all of your lawful instructions regardless of whether or not they agree with them.

Your real estate agent has your best interest in mind at all times. They will provide input, guidance, and recommendations to assist you in making the best, biggest decision you’ll likely ever make.

The education and training real estate professionals receive are exactly the same across the province. Where they work doesn’t change the requirements of the real estate Rules and Regulations so you can be assured that a realtor working with a discount brokerage is trained to the same high level as at a traditional brokerage.

Where They Differ

The difference between the two types of brokerages comes down to a financial one. At a discount brokerage, you can receive the same high level of service as at another brokerage, but at a much lower rate of commission.

Discount brokerages can save the seller thousands of dollars by reducing the amount of commission they take. This could be based on a percentage, or as a flat fee but either way, the seller will have some extra money in their pocket at the end of the transaction to use for any other purpose they choose.

Some discount brokerages also offer incentives to buyers. Since the buyer’s agent will receive their “normal” commission, they may offer a cashback percentage to the buyer as an incentive to hire the brokerage. This could be as much as 25 or 50% of the buyer agents’ commission depending on the level of service required from them.

Whichever way you decide to go, always do your homework, research the agent and company you are considering, and don’t be afraid to ask questions or read the fine print. You may just decide a discount brokerage is right for you.

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sell home

SELL YOUR HOME FOR TOP DOLLAR! STEPS TO FOLLOW….

We all like to think our home is the best one in the neighborhood and we can get the highest price out there. To improve your chances of succeeding in this, here are some steps to follow:

sell home

1. Clean up.

Although it can be time-consuming, make sure your home is clean and tidy at all times. Potential buyers can pop up at a moment’s notice so you want to make sure your home is presentable. Get rid of the dust bunnies, wipe the dirty fingerprints off the walls and vacuum the floors. Make sure the bathrooms are spotless as this can turn off a buyer in an instant. If you have pets, deodorize the house and consider having the carpets professionally cleaned. This small expense goes a long way to show you care for the home and reduces the pet odors that may linger in the home.

2. De-clutter and de-personalize.

Organize the kid’s toys into a confined space instead of all over the house. Put away most of the family pictures. You want buyers to visualize themselves in the home so putting away personal items allows them to see the home as a place they can put down roots. You’re going to be moving anyway, so pack away some of the family heirlooms and mementos ahead of time. Your home will look less cluttered and more spacious.

3. Make repairs.

We all bang up a wall on occasion. Patch the drywall, if necessary, and touch up any paint spots that are obvious. If something is broken, fix it. You don’t want a faulty closet door falling off when someone opens it and you don’t want someone tripping over a loose threshold. If you are in the middle of a repair or are updating something, let your real estate professional know so they can pass the information on to potential buyers.

4. Curb appeal.

The first thing people see when they come to view the property is the front yard and the front of the house. Make sure the grass is cut, the flower beds are weeded and tidy and the sidewalk is clean and free of clutter. Clean the exterior of the home and make sure the windows sparkle. If it’s winter, make sure you have cleared any snow and ice from the walkways around the house and put down salt or ice-melter if needed.

5.Tidy the garage.

If, like a lot of people, your garage is more for storage than for parking your vehicles, make sure you keep it clean and organized. Put away as much as you can so people can at least walk through it to get an idea of the size. It’s hard to determine if a vehicle can fit into a garage that is overflowing with tools, equipment, boxes, and storage containers, so at a minimum, make sure there is a clear pathway through it all.

Your chances of finding a great buyer will improve if you follow these tips. Your home doesn’t have to be the most modern one on the block, but if you keep it clean and organized, the pride you have in the home will shine through and buyers will be more likely to make an offer for top dollar!

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WHAT IS A DISCOUNT REAL ESTATE BROKERAGE AND WHY SHOULD YOU HIRE A DISCOUNT REALTOR?

Real estate prices continue to soar and with that, traditional commissions being paid to the real estate professionals involved with the purchase or sale of a home continue to rise. If you are the seller, this means your costs increase exponentially depending on the price your home sells for.

Hiring a discount real estate brokerage to sell your home might just be the answer you are looking for. But how does it work? And why should you consider it?

Discount Brokerages Can Save You Thousands Of Dollars

The most obvious reason to use a discount brokerage is to save money when you sell your home. Some brokerages offer a one or two-percent commission structure, while others offer different packages which allow you to select how many services you want the real estate professional to provide. This type of brokerage can still provide all of the services you need, but at a discounted price.

Discount Brokerages Provide All The Same Services As Higher Priced Brokerages

Don’t be fooled into thinking a discount brokerage provides less service or lower quality services than a traditional brokerage. Real Estate professionals at discount brokerages still undergo the same level of education and training as those at higher-priced brokerages. And, they still provide the valuable experience and knowledge needed when selling the biggest asset many people will ever own. Education is ongoing as required by the governing BC Financial Services Authority so each agent is fully up to date on changes to the rules and requirements of providing real estate services to you.

Discount Brokerages Use the MLS/Realtor System

Although the listing fees are lower with a discount realtor, homes still receive the same level of exposure on the MLS ® listing system used across Canada. This means your home can be viewed by countless potential buyers at a reduced rate.

Some Discount Brokerages Still Pay The Traditional Commission To the Buyers Agent

Depending on the brokerage, the buyer’s Agent may still receive their “full” commission. Reducing the Buyers Agent commission discourages agents from bringing their buyer clients to view your home because the financial incentive is no longer there. By keeping the Buyers Agent portion of the commission the same as at a traditional brokerage, the potential buyer’s pool remains large and widespread.

Buyers Can Get Cash Back From A Discount Real Estate Brokerage

Again, depending on the brokerage, a buyer may be able to receive a portion of the agent’s commission back as an incentive. This can help with closing costs, moving expenses, or even new furniture. The level of cash you receive will depend on the services provided and can be 25% or 50% of the commission paid to the buyer’s agent. If for example, your buyer’s Agent received $10,000 on the purchase of your new home, you could receive either $2,500 or $5,000 as a tax-free incentive to be used for whatever you want.

Discount Realtors and Brokerages offer all of the same services as a traditional brokerage while saving sellers thousands of dollars which can be used to offset other costs associated with moving.  As with any Real Estate Agent, ask for references and do your homework to ensure you are getting the services you want, at a price you are satisfied with.

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home valuation

EVALUATING YOUR HOME

home valuation

How do you estimate the value of your home and why does it matter?

Estimating the value of your home is not a one size fits all formula. There are a lot of different factors that go into determining the value of a home such as:

  • Size – is your home typical of others in the area or is your home smaller or larger?
  • Location – are you near schools, shopping, or other amenities?
  • Neighborhood – is your neighborhood an up-and-coming area, is it well established, or is it in a more or less preferred area of your city?
  • Updates – if the home isn’t new, have any updates been done such as new furnace, roof, painting, or other interior renovations?
  • Age – how old is the house and are there any issues as a result of its age?
  • Features – does it have anything other homes in your area don’t, or are you missing some features others in the area commonly have?
  • Current market conditions – what is happening in your region? Is it a buyer’s market with too many homes for sale, or is it a seller’s market with low inventory and a lot of potential buyers?

Do It Yourself Estimate

If you’re prepared to tackle the evaluation and determine on your own what the home is worth, there are a few things to look at.

  • What are comparable homes in your area selling for?
  • Are they bigger or smaller than your home?
  • Are they in better or worse condition than yours?
  • Do they have something you don’t that will attract buyers?
  • Do you have features that set you apart from the competition?

This is the least certain method of evaluating the value of your home as you don’t always have all the information real estate agents or appraisers will look at when comparing your home to others. Use some online value estimator tools to get a ballpark estimate and see how it compares to what you thought.

Free Market Evaluation

Nowadays, most real estate agents offer a free market evaluation as a way of getting your business. Most will do a full Comparative Market Analysis to look at what similar homes are selling for, how long sales are taking, and how the sale price compares to the listing price. And since they have access to all of the neighborhood listings and sales information, they can prepare a (usually) fairly accurate valuation of what you may be able to sell your home for. 

If you are thinking of going this route, talk to more than one realtor to make sure you are getting consistent information. 

Real Estate Appraisal

For a few hundred dollars, you can have a full real estate appraisal completed by a certified appraiser. And although you’ll be out of pocket on the front end, you may be able to get more than your money back when you sell. 

Real Estate Appraisers are highly specialized professionals who take a much deeper dive than either yourself or a real estate agent will. They look at, among other things:

  • Where the home is located;
  • Condition of the utility services and fixtures;
  • The foundation of the home;
  • What condition the heating and air systems are in, as well as walls, windows, doors and appliances;
  • Special features such as fireplaces, pools and hot tubs; and
  • Signs of damage to the home or structural foundations or if there are any issues in the attic or basement.
  • All other features, fixtures and equipment in the home and on the property.

Why it Matters

Whichever route you choose to evaluate your home, make sure you are comfortable with the methods used to arrive at the listing price. If the evaluation is too high, you’ll lose potential buyers who don’t see the value. If the evaluation is too low and you list the home too low, you may lose out on thousands of dollars on the sale. On the flip side, and in a seller’s market, if you list a little bit lower than the actual value, you could end up with multiple offers and still come out ahead of where you wanted to be.

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sell home

FOR SALE BY OWNER – HOW TO SELL A HOME VIA FSBO

If you’re planning on selling your home but don’t want to pay real estate commissions, which can often be $10,000, $20,000, $30,000, or even more, you may want to consider For Sale By Owner (FSBO).

If you’ve never sold a home this way, it can be a complex process and you may have a lot to learn. Following are some tips to get started:

sell home

1-Do Your Homework.

Before you put a sign on the front lawn, you need to know what the value of your home is so you can price it appropriately. You can obtain an appraisal from a certified home appraiser, or you can watch what’s happening in your neighborhood with homes similar to yours. You can also get a free, no-obligation, home evaluation from most area real estate professionals. Whichever method works best for you, make sure you are comfortable with the price you set and don’t overshoot by setting an unrealistic price.

2-Presentation Is Key.

Curb appeal and the overall presentation of your home are vitally important. Clean it, tidy it, paint it or repair it. Think about what work needs to be done to improve how your home will be perceived by potential buyers. If the front yard is overgrown and messy, some buyers will just walk away, so clean it up and mow the lawn. If the inside of the home is in disrepair or needs a good cleaning, you’ll lose some potential buyers the minute they walk inside. You don’t have to spend thousands of dollars to update your home, but it should be clean and tidy and free of any mess or clutter.

3-List The Property On Websites.

Once the home is ready for sale and you’re happy with the price you’ve determined to list it at, get the property listed on as many websites as possible. FSBO, Zillow, and even the MLS system in some regions will allow you to list your property for a small fee. Using the MLS system will expose the home to unlimited potential buyers. Research the sites most appropriate for your area and get your home in front of as many buyers as possible.

4-Understand The Rules In Your Area.

Different regions have different rules for disclosing information about the property. Check with your local real estate authorities to find out exactly how much of the home’s history, issues, or defects you need to disclose to potential buyers. This can save you a lot of time and money down the road if you’re upfront and honest with potential buyers right from the start.

5-Financing.

Don’t be afraid to ask potential buyers how they plan to finance the home. Will they be paying cash? Will they be obtaining a mortgage? Have they been pre-approved for a mortgage? How much of a deposit can they make? Hopefully, potential buyers will have already secured a mortgage pre-approval before viewing your home so there are no delays or potential lost sales because they can’t qualify for financing after making an offer. Consider making the deposit non-refundable so the buyer is more likely to complete the sale rather than losing a large deposit.

6-Hire A Lawyer

Saving money on commissions is great, but make sure you hire a lawyer or notary who can assist you with all of the paperwork and conveyancing for the property. You need someone experienced in real estate transactions so they can dot the I’s and cross the T’s, ensuring a smooth transfer of ownership.

If you’re comfortable handling the sale of your home on your own, then For Sale By Owner may be right for you. It will take some time, energy, and effort but if you are successful in selling the home and moving on to the next chapter, you can feel good about the process and your achievement!

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WHEN SHOULD YOU SELL YOUR HOME IF YOU ARE PLANNING TO MOVE?

As a home seller, you might be unsure as to the best time to sell your home if you are planning a move. Deciding when to put your home on the market in advance, can help you to plan your move more easily and can enable you to be successful in the sale of your old home.

If you are planning to move in order to rent or buy a new home and sell the old one, you have to be prepared to deal with a complicated situation that could take months to resolve. Working with a qualified real estate agent can help ease the burden of the process. However, it is also up to you to do the research in advance so that you know what you’ll be getting into.

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There is no one perfect time to sell your home when you are planning to move. When you sell your home will depend on your own unique circumstances and financial situation. However, taking the time to consider selling your home in advance can help you to discover when the right time is to sell.

While you may think that you don’t need to contact a real estate agent until you are ready to make the move, contacting an agent at least several months before you make a decision to move is your best bet. A real estate agent can help you to work through the process of making your move possible. The first step is to start with research.

Start With Research

The first step of the process should be to research the local market conditions and gather as much data as possible on your own. By involving an agent, you can obtain guidance on whether the current market will allow you to sell at the true market value. In addition, an agent will also be able to guide you on creating a successful marketing plan for your home that is designed to help your home sell quickly.

Unless, there is a major factor that impacts the timing of the sale, such as debt, you should opt to sell your home at a time when favorable market conditions are available for the sale. Your real estate agent may actually recommend that you wait on the sale and rent out home instead in order to get the best possible returns on the sale of your home.

Consider Your Expenses

Determining how the money from the sale will be spent will play a major decision in when you should sell. As a person with significant debts or one that is looking for better options in another city, the timing of your sale can have a big impact on your future.

If you plan to buy a new home in a new area, work with a real estate agent in order to determine just how much money will be needed for a downpayment on a new property. As a homeowner you should really think carefully as to whether buying a new home is in your best interest. For retirees, this picture may depend significantly on your expenses and if you can afford to meet your obligations.

Jane Bryant Quinn of AARP suggests several options for retirees. “You can use part or all of it to buy another house or condo, with or without a mortgage. That pot of money is now tied up. You could tap it at some point in the future, by taking a home equity loan or reverse mortgage, but that probably isn’t your plan.” says Quinn. “Alternatively, you can put the proceeds into a mix of bank accounts and mutual funds and tap those savings and investments for rent.”

As advice for all home sellers, you should also plan for temporary housing in the event that your home sells quickly so that you have a place to go. If the selling market in your area is quite competitive, you may want to have your Realtor negotiate with the buyer in order to obtain a longer escrow. This option will give you more time to find a place to move to.

Rising Rents

If you are selling your home in order to rent, it is important to keep in mind that rental prices may be on the rise in your new desired location. If you want ensure that you are not priced out of the market before you can sell your home and free up funds for rent, you should discuss your situation with a real estate agent.

Rising rents can also have the reverse impact and actually make it easier for you to sell your property. High rents mean that buyers may reconsider renting and instead want to move in home ownership. “Every time there’s an increase, it triggers the decision processes on whether [renters] should go into the market and buy. Getting more buyers into the market, especially first-timers, can help sellers feel more comfortable about their prospects. “It allows others to move up the chain in the market.” said Budge Huskey, president and CEO of Coldwell Banker Real Estate.

Plan Carefully

Regardless of the manner in which you do it, selling a home when you are planning to move is stressful. However, working with a real estate agent to develop a solid plan that gives you months to prepare for the sale is the best way to ensure that you are not scrambling to get things in order when the time comes.

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WHY THE REAL ESTATE AGENT IS THE NEXT PROFESSION TO FALL TO THE INTERNET’S AX

he advent of the Internet has not been kind to people who made a living filling out forms and booking services for others. Think back to the last time you used a travel agent; for most of us, that was a long time ago, if ever. When you can just hop online and book your hotel and your flights yourself, there’s really no point in hiring someone to do it for you. The Internet is cutting down jobs from telephone operator and directory assistance positions all the way to travel agent, and now real estate agent has fallen by the wayside. Here’s why the real estate agent as we know it is about to fall.

The Internet Has Ruined the Exclusivity of a Real Estate Agent’s Contacts

Once upon a time there was no way for the average person to really get their home out there for sale. While real estate agents still hold the key to MSL (Multi Service Listing) lists which can be a big deal, the average home seller will do as much work listing their house for sale online than a real estate agent will.

Before the Internet, getting your home to run in all the local papers involved physically going to their offices and handing them a notice to print—or calling it in over the phone. Today you don’t have to submit to papers at all. There are dozens of sites where you can list your property for free from the comfort of your own home. It doesn’t take a lot of time and it doesn’t take a lot of effort. You used to pay a real estate agent’s commission because they were the ones doing all the work to get your home to sell. Now, you can handle it yourself.

A dedicated seller can also manage an open house by themselves. They can schedule property viewings and find out what they have to do legally to sell a home. The real estate agent is no longer the exclusive fount of knowledge.
The Internet Has Made It Easier to Learn about Real Estate

To learn about real estate before the advent of the Internet, you had to read a lot of books or take a lot of classes. You might as well become a real estate agent just to sell your own home. Today, not only is it easier than ever to access information it’s easier to figure out what you really need to know and what you don’t. Your real estate agent probably knows what you’d need to sell a home in a flood plain, but if your home isn’t in one there’s no need for you to know it. If it is, there are plenty of online articles that will bring you up to speed on how to inform potential buyers and what you have to disclose.

People who pay for a real estate agent are basically just paying for convenience at this point; people who are too busy to put in the time to read up on selling their home or organizing viewings themselves pay a lot of money to turn these chores over to someone else. There’s actually just one thing that a real estate agent has that most people these days need to sell their home.
MSL Flat Fee Services Are the Best Deal in Real Estate Services Left

Most homes sell because of a listing in the Multi Listing Service, or MSL. These agents only lists inform not only potential buyers but other real estate agents that something is one the market. With 77% of home buyers still using an agent to help them find a place, getting your home under the nose of other real estate agents even if you don’t use one yourself is essential.

Flat fee MSL listing pricing can vary, but typically costs a few hundred dollars—much less than the thousands in commission that hiring a real estate agent would cost. Until the Internet opens up MSL lists, flat fee MSL services are the best option for home sellers.

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HOW TO SELECT THE RIGHT NEIGHBORHOOD FOR YOU AND YOUR FAMILY

As a potential home buyer, you want to make sure that you are not only getting the best value for your money. You also want to ensure that you will be satisfied with your location as the resident of a new community.

When you decide to purchase a home, you have to make a decision as to where you want to live. Several factors may play into your decision, including both practical and emotional reasons. Selecting the right neighborhood for you and your family should be done with care. Here are tips to help to pick the right neighborhood for your next home.

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As you explore various locations to buy a home, you may have a lot of ideas in mind. Maybe you want to pick your dream location for your home. You may actually prefer just to find a safe neighborhood that has great schools and a decent commute time to work. Whatever your reasons for deciding on a particular location, you must sort out your priorities as you search for a neighborhood to live in.

As you ponder your situation, ask yourself these questions:

  • Do you have teens or young children living in your home?
  • Do you have preferences as to the noise level of the area?
  • Do you want a lot of land or parks and other green spaces to enjoy?
  • Are you concerned about having a short commute to work?
  • Will the neighborhood have your preferred amenities (shopping, daycare, groceries, dining, etc)?
  • What style of home do you want?
  • What is your budget?

As you write down the answers to these questions, a clearer picture will emerge of your must-have elements for your new neighborhood. Some of the items may end up on your list only as features that you would like to have but are not deal-breakers.

Families

If you have teens or young children living at home, a primary concern when selecting the right neighborhood for your family should be the quality of the local school system. If you are planning to enroll your children in a private institution, you must also consider the distance between the new neighborhood and the school in order to shuttle back and forth between after-school activities and other events.

Make sure that you research local public and private schools. You should also research daycare programs in the area. Crime statistics are also important to look at for the safety of your family. The majority of real estate websites will be able to break down crime statistics by zip code in order to give you an idea as to how safe the area is in comparison to national statistics. If you would like more in-depth details on a particular area, you can ask your Realtor for assistance.

Setting

As you select a neighborhood for your home, you should envision what it would be like to live in that neighborhood. You may wish to select a neighborhood based on the style of homes offered. You should also consider whether you prefer an urban or more rural setting for your home. The proximity of the neighborhood to an urban area may have a large impact on the average square footage of a home. Also some areas may have mostly single family homes available, as compared to other neighborhoods that may have a larger percentage of multi-family homes.

You must also consider whether or not you want to live in a historic neighborhood or housing development. Both types of communities often come along with regulations that are put in place by local community associations that must be adhered to. In addition, this may also mean that you are required to do repair work on your home, as homes in historic neighborhoods may be of older stock.

Daily Routine

As you select your new neighborhood, you also want to think about your daily routine. Do you want to be able to walk places? Do you want a short commute to work? Ask your real estate agent about the public transportation options that will be available in your neighborhood, as well as, access to major roads and highways.

“Diversity, population and neighborhood characteristics are all important aspects that make a big difference on a neighborhood.” says AJ Smith of Credit.com. “Investigate how the neighborhood has grown in recent years, who lives there, and how many people to do determine if it is somewhere you would fit in or stand out.”

By talking to people that have lived in the area, you can get a more accurate idea of what it will be like to live there as a resident. This is vital insight that can not be obtained simply by looking at neighborhood descriptions online. You can also use these experiences to determine if the neighborhood meets your expectations in terms of taste. Some home buyers may require more luxurious accommodations in order to be satisfied. Others may find the restrictions of planned communities not to be their preferences.

Budget

Budget will likely play a huge role in determining your final decision on the right neighborhood for your new home. However, working with a real estate agent can really help to illuminate the differences between two neighborhoods of relativity equal value. There is always a risk that when you select a neighborhood, you won’t get everything on your wishlist. But when it comes to making sure that you stay within your budget, compromise is important.

Opt for the features of the neighborhood that will guarantee a safe and enjoyable stay in your community while skipping out on those neighborhoods that are so pricy you will spend more time worrying about your finances than enjoying your new lifestyle. Plus, as you get to know the neighborhood, you may find that there are hidden amenities that you may have not been aware of.

Buying a property in the right neighborhood is a process that must be done with care. Talk with your real estate for more tips on how to select the right neighborhood so that you can be happy with your decision.

The post How to Select the Right Neighborhood for You and Your Family appeared first on One Flat fee.

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HOW FLAT-FEE MSL BEATS TRADITIONAL REALTOR SERVICES

Selling a home is often a fraught process. There are more memories in a place you live than anywhere else. Even when you’re ready to pick up and move on to something that better suits your life, leaving a home behind carries enough emotional baggage without having to deal with the complexities of actually selling it. Many people just turn their home over to a realtor and let them work their magic. In an economy where every penny earned from the sale of the house counts, however, more and more people are realizing that the magic realtor’s work can be done by anyone willing to put in the hours. These people are turning to Flat-fee MSL (Multiple Listing Service) agents to get what they need from a realtor cheaply.

The Same Listing Places

One of the biggest perks to Flat-fee MSL is that you’re not compromising the most important thing: where your home is listed for sale. Real estate agents and savvy buyers go to computerized listings of for sale homes in order to find the properties that they need. If you can get your home listed in these services the selling process has officially begun. This is one of the services that a realtor offers; when you go with a flat-fee MSL you get listed in the same places. You just don’t have to get everything else that a realtor traditionally does.

More Control over What Services Your Home Receives

A traditional realtor is supposed to pull out the stops to get your home sold. However, in this day and age not everyone is up to that task. In fact, 15-20% of realtors don’t do any online marketing whatsoever. They also tend to host private viewings and open house events, both of which are things that someone can do on their own. Depending on the realtor, they might insist on professional photography or packing up all your belongings before you’re ready just to give your home the model house treatment. This isn’t something that works for everyone; when you use a flat-fee MSL you get to pick and choose the services that you want to pay for.

Only Pay for What You Can’t Do Yourself

If you can organize an open house, get your home in shape to sell, and make sure that it’s up on every online real estate market in your area there’s no reason for you to pay for those services with a commission from your sale. You’re going to be doing a lot of that work yourself anyway; even if you get a realtor you’re going to want to be sure that there’s no real estate site without a picture of your home on it, and so forth. In fact, more and more realtors are banking on the owner’s taking on more responsibility for advertising their home. If you’re already going to putting in the effort, why pay someone else to do it?
Drastically Lower Costs

The biggest difference, of course, isn’t even how much control you have over your home’s treatments or how much effort you’re going to put into making it sell. The major difference is the bottom line. No matter how you sell your home you can basically bank on paying at least a 5% commission; sometimes more. If your home sells for $400k, that’s $20,000 for a realtor to list your property and show people around. Instead, you can pay prices ranging from under a hundred to a few hundred dollars (depending on the service and what else you’ve decided you’d like a realtor to do for you)—the kind of savings that make any marketing you undertake yourself more than worth it.

The post How Flat-fee MSL Beats Traditional Realtor Services appeared first on One Flat fee.

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The post How Flat-fee MSL Beats Traditional Realtor Services appeared first on One Flat fee.

Source: New feed

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