Home Buying Rebates and Savings

Recent studies by the National Association of Realtors have revealed that 77% of home buyers begin their home search online. Furthermore, industry insiders have estimated that home buyers do 90% of the research and work to find their next home on their own. Taking that information into consideration, doesn’t it seem like a Buyer Agent is making a little too much in commission. I think so. The average home buyer is taking advantage of the resources offered by the internet assuming control over the transaction by viewing homes online, finding home valuations, conducting CMA’s of their home, and narrowing their search field before enlisting the services of an agent. The average time a consumer spends with an agent before writing a contract has decreased to under 14 days, and less than 40 work hours. This means an agent is making a 3% commission for your hard work. Consumers are making the job of a buyer agent significantly easier without demanding a change in the commission structure. At IHS we think you should see reward for the hard work you have put in, so, if you purchase with an IHS network agent you can receive up to $2,000.00 back at closing. We have also teamed with Charter One Mortgage to provide additional savings in closing costs. We feel if you are willing to put the work in, you should reep the reward, not the buyer agent.