How Flat Fee Real Estate Guide Works:

 

1. This is completely free service for both you, the buyer or seller of real estate property and the real estate agent who is listed on the website. Agents are screened but they do not pay a fee to be on this site.

2. You pick an agent near your home and contact him or her. It is up to you to determine if this agent is qualified to handle your needs. We do screen the agents before they are listed here, but you have the ultimate responsibility.

3. There are differences between individual flat fee and rebate agents. During your interview, be sure to ask how much the agent will charge to put your house in the local multiple listing service (MLS). Ask how long the listing will last and what happens if you do not sell your house. Ask the agent what he will do for you before and after the sale of your house. You will need to sign a contract with your listing agent. Be sure that the details about how and when you can expect your rebate, if you are do a rebate. 4. If you are selling your house, then there will most likely be a commission fee you will have to pay the agent who brings in the buyer. This is usually another agent. The fee is likely to be 2.5% of the total selling price.

The idea of offering a rebate to customers by real estate sales people was almost unheard of until 2006. Some real estate people began to advertise that they would give a seller or buyer a rebate from their own commissions. 

At first, rebating was scoffed by the giant real estate companies and they paid little attention to the few rebate agents who tested the water. 

Then came the big downturn in real estate sales in 2006. The agents started to take notice of the rebaters when their own sales efforts were stymied. The oil well that was producing so well for so long suddenly went dry.

The rebate phenomenon is growing like a wildfire across the U.S. We predict that flat fee brokers and rebates will be the norm rather than the exception sometime in 2008.

For the convenience of the folks who are anxious to locate a flat fee broker or real estate rebate agent, we offer this free service to make their lives a bit easier.

Some Questions to Ask When Applying for a Loan

2. Prepayment penalties: if I pay off the mortgage early, will you impose a prepayment penalty?–

3. Total interest paid for the length of the loan.

4. Closing Costs:  What are they exactly? 

5. Down Payment?

6. How long will the process take to get the money?