Dec

19

Buying a Denver Home online

Filed Under colorado, real estate 

If you know what Redfin is all about, this article, Buying or selling a home? Forget the traditional realtor may intrigue you:

The Internet is increasingly taking on the duties once performed by real estate agents. And while no one - yet - is suggesting that it’s a good idea to buy a house over the Internet sight unseen, a new business model is emerging that takes advantage of the convenience of Internet shopping.

80% of all home searches start on the internet. So it’s no surprise that companies are using the internet to transform the way they buy and sell real estate.

More on online home buying:

Buyers and sellers can save thousands on sales commissions and through rebates using online real estate agencies, such as Real-a-Save:

FOR A BUYER

  • Home sales price: $300,000
  • Traditional 2.8% buyer’s agent commission: $8,400
  • 66% Rebate Real-a-Save clients would receive: $5,400

FOR A SELLER

  • Home sales price: $300,000
  • Typical 3.2% sales commission: $9,600
  • Real-a-Save’s standard sales commission: $2,500
  • Savings: $7,100.

It’s really too soon to tell whether or not online real estate brokerages will be around or just another passing fad. If you talk to most people they love the idea but would prefer to stick to using a real estate agent no matter how much they despise agents. Why do people despise agents? Same reason people despise the government - a lot of upfront promises, not much after that. The internet won’t solve that problem.

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