Posted by Manager on May 10th, 2007
When the market favors sellers, home buyers need to act quickly. When they see a home that they like, they don’t always have the time to question whether or not it’s the perfect property for them: if they think about it too much, the chance to make an offer is gone.
During a period in which it is more of a buyer’s market, however, home buyers are able to give more thought to what they are looking for. They are able to wait for anothter property in the same neighborhood to come onto the market. They are able to be more selective.
However, regardless of what the market is like, home buyers should take advantage of opportunities to save when they purchase a property - one such opportunity is flat fee home buying. By making the choice to work with a flat fee broker home buyers can save thousands of dollars in the form of home buyer rebates once they find the right property.
Flat Fee Realty
Home buyers - learn how to save when you find the perfect property for you.
Internet Home Services Real Estate Blog
Posted by Manager on April 13th, 2007
When you are looking for a home and working with IHS Realty you will have a wide variety of tools available to you - tools that will help you to find your dream home while you search through the available listings.
But you won’t just have to search through listings to find your dream home; it just might find itself for you. When you sign up to receive MLS emails from IHS Realty, you can specify the characteristics that you’re looking for in a home: the number of bedrooms and bathrooms, the area in which you want that home to be and any other criteria that you have. Then when a similar property comes on the market, you’ll know.
All it takes is filling out a simple form and working with IHS Realty.
IHS Realty
IHS Realty can help you to get a mortgage pre-approval.
Internet Home Services Real Estate Blog
Posted by admin on April 6th, 2006
Supply catching up to demand
The 45% of agents reporting a higher number of buyers than sellers is far more balanced than the 61% just 3 months ago. The final results of the survey tallied 45% of agents reporting more buyers than sellers, 31% reported more sellers than buyers, and the remaining 24% reported a balanced split. The balanced split could serve as an explanation to other results of the survey.
- Home inventories are continuing to rise
- Multiple offer frequency has decreased by 31% from 70% in the first quarter of 2005 compared to 39% in the first quarter of 2006
- Only 7% of sellers are getting more than the asking price
As the market continues to cool it will be important to use selling tactics for a slow market. Flat fee MLS listing is a good alternative to the traditional method saving sellers thousands in commissions. The MLS is an important marketing tool as 75% of home sales take place through the Multiple Listing Service. Sellers will have the opportunity to use commission savings advantageously in pricing and enticing agents to bring potential buyers.
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Posted by admin on March 8th, 2006
The Internet’s Effect Marketing Your Home
Beginning in the late 90’s national real estate service providers – like Realtor.com, owned by the National Association of Realtors – began the display of MLS listing information along with home photos. Less than a decade later “we’re on the front end of a virtual explosion of useful tools for consumers…” according to Real Trends magazine. From the comfort of their own home, home buyers are now capable of viewing property data, multiple photo showcases, virtual tours, accessing neighborhood and county data, and with the evolution and development of satellite maps, sponsored by internet juggernauts like Google, capable of swooping down to street level with only a few clicks to see aerial images of not only the home of interest but the surroundings of the neighborhood. Due to the recent trend potential home buyers are experiencing a greater control over the purchasing process than ever before in the industry. Buyers are spending more time conducting their own research before enlisting the assistance of a real estate agent, but are moving more quickly to close once they do begin working with an agent. With such information readily available to the home buyer market it is becoming easier for homeowners to directly market their homes to buyers through the use of a flat-fee MLS broker willing to enter their home onto the MLS on a fee for service basis. These homes are appearing on public websites providing a platform for For Sale By Owners to market competitively with the listings of any traditional real estate agent.
Posted by admin on November 23rd, 2005
Real Estate Agents using the MLS assisted over 75% of home buyers nationwide
According to the newest study of home buyer habits by the National Association of Realtors (NAR), over 75% of home buyers now find their home through real estate agents using the Multiple Listing Service. The study entitled Profile of Home Buyers and Sellers also indicated that 78% were buying a home that was previously owned.
What exactly does this mean for the average home seller? The results of this study indicate that unless your home was listed in the MLS, you would have missed out on over three quarters of the market. One could only surmise that reducing demand for your home by 75% ultimately results in a lower sales price and a longer time on market.
Why do agents tend to primarily, if not exclusively, use the MLS listing service to search for homes for sale when preparing to show homes to their buyer clients? The number one reason is that they know they will be compensated for their efforts. Each home listed in the MLS has a field indicating the amount of compensation to be paid to a buyer’s agent who sells the property. For sale by owner’s (FSBO), by contrast, have no written promise to pay the agent for their work.
Secondly, it’s just easier. The MLS represents a database of homes currently for sale. Agents know that homes published as active in the MLS are for sale and available for showings. Most MLS listed properties are provided with a key lockbox which makes showing the home more convenient for an agent with several homes to show on a tight schedule.
The NAR data indicates that the MLS is, in fact, THE market for home sales nationwide.
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