More Real Estate Agents Are Offering Home Buyer Rebates

Los Angeles, CA, October 21, 2010 --(PR.com)-- Recognizing that in today’s real estate market attracting qualified buyers is crucial more and more real estate agents have begun rebating a portion of their commission to buyers. While there are a number of discount real estate programs in operation they may not offer a full range of real estate services. A new breed of agencies, such as Victors Realty based in Walnut, California provides a full range of services to home buyers while rebating half of the commission they receive to the buyers they represent. These agencies operate with much lower overhead costs than typical franchise offices and are able to pass the savings from lower expenses on to their clients.

A common misconception is that somehow these lower cost independent agencies don’t have access to as much market information as a franchise office. Luckily for both home buyers and home sellers that is not the case. Membership in a Multiple Listing Service (MLS) provides every real estate licensee access to the same information. There are even web based search systems available to the general public that provide very good access to MLS data. These web sites typically require sponsorship by an agent who is a member of the MLS. A major benefit to using one of these specialized web sites is the ability to specify very specific search criteria. Buyers who use these sites to do their own searches will gain a much better understanding of what properties are available than those who leave the search completely up to their real estate agent.

With the tough real estate market the selling office commission offered for most homes is in the range of 2% to 3% while the total commission paid by the seller is in the range of 4% to 6%. This range in commissions has the potential to skew the selection of which homes a buyer might be shown. When buyers do some of their own research they reduce the possibility that they might miss seeing homes on the market that happen to offer the lowest selling office commissions but could be a perfect match for the home they want to find.

Victors Realty is an independent real estate agency located in Walnut, California. Victors Realty offers negotiable home seller commissions and home buyer rebates. Victors Realty primarily serves the communities of Chino Hills, Covina, Diamond Bar, Rowland Heights, Walnut, and West Covina.

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