Informed home buyers can now save an average of $7,750 under the new agent compensation rules

Customer profile: After 15 years in their starter home, Lisa and David were ready for an upgrade to accommodate their growing family. They thought they knew the home buying and selling process, but BuySelf opened their eyes to new possibilities.“

We were skeptical at first,” Lisa admits. “We’d bought a home before, so we thought we knew it all. But the landscape had changed, and BuySelf showed us how to navigate these changes to our advantage, both in buying our new home and selling our old one.”

David and Lisa were pleasantly surprised to learn that BuySelf could also help them sell their current home. “It was such a relief to have one trusted partner guiding us through both transactions,” David explains. “They helped us price our old home competitively and market it effectively, all while searching for our dream home.”

Using BuySelf’s flat fee listing service, they saved thousands on the sale of their starter home. This, combined with the savings on their new home purchase, put them in an even better financial position.

“We ended up getting a much nicer home than we initially thought we could afford, thanks to the savings we realized on both ends of the deal,” David continues. “The kids have their own rooms now, and we have a home office. It’s like we’re living a dream we didn’t even know we had!”

David and Lisa saved a total of $18,000 – $12,000 on their new home purchase and $6,000 on the sale of their old home. They used part of these savings to create a beautiful backyard oasis for family gatherings in their new home.

“The transition was so smooth,” Lisa adds. “BuySelf guided everything, from listing our old home to closing on the new one. We never felt overwhelmed or unsure about what was happening next. It’s amazing how they’ve simplified what could have been a very stressful process.”

Customer profile: Mohamed, a 45-year-old real estate investor, was always on the lookout for ways to maximize his returns. When he heard about BuySelf, he was intrigued by their innovative approach.

“I’ve been in the game for a while, but I was surprised by how much I didn’t know about recent industry changes,” Mohamed explains. “The team at BuySelf showed me how to leverage these changes to increase my profit margins.”

Using their services, Mohamed was able to add three new properties to his portfolio, saving an average of $8,000 on each purchase. “That’s $24,000 back in my pocket! It’s like getting a free down payment on my next investment property.”

Mohamed now recommends BuySelf to all his investor friends, appreciating how the service helps him stay ahead in a competitive market.

Customer profile: Amelia always dreamed of building her perfect home. When she embarked on this journey, she felt overwhelmed by the myriad of options and potential costs. That’s when she discovered BuySelf.

“Building a new home is complex,” Amelia reflected. “But BuySelf simplified everything for me. They helped me understand how recent industry changes could actually work in my favor, even with new construction.“

Thanks to BuySelf, Amelia saved $15,000 on her build. This financial relief allowed her to upgrade her kitchen appliances and add the wrap-around porch she had always envisioned. “It’s like getting the cherry on top of my dream home sundae,” she exclaimed.

Now, Amelia enjoys her custom-built home, filled with personal touches that once seemed out of reach. She credits BuySelf with making her dream home a reality while keeping her budget intact.

Please let us know your zip code by clicking on the Sign Up button. We will then confirm service availability, then email you steps on how to (1) either prepare to make an offer in future, and/or (2) complete our simple questionnaire of the property details and what you would like to offer. Rush service is available-let us know.

Depending on availability, you may be able to have your purchase agreement ready within 60-90 minutes. Please note that timeframe assumes staff availability and no other customer backlog.

The National Association of Realtors settled a $418 billion dollar lawsuit by agreeing to pay a large fine and change the rules about how agents are paid. Those rule changes took effect in August 2024.

The rule changes give informed buyers, who use services like BuySelf, the chance to control and only pay for the services they use.  Buyers who don’t closely read their purchase agreement, commissions will likely stay the same: Sellers will price their homes 2-3% higher to cover the costs that must be paid for the agent assisting the buyer agent (even if the listing agent helps the buyer, and the buyer didn’t get their own agent).

Informed buyers who use the BuySelf service to buy can offer 2-3% less than other buyers, and the seller will still receive the same net amount. “Many economists argue that buyers do pay for commissions because they’re baked into the home’s selling price. But since the money isn’t directly coming out of their pockets, buyers have long been blissfully unaware of commissions, with some believing agent services are free.” BuySelf’s service enables buyers to take control and save money when they buy.

Sources:

Associated Press (AP) Article March 15, 2024 by Alex Veiga “Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions”

Quote from “What the NAR settlement means for home buyers and sellers” by Robin

Hartill April 22, 2024 Yahoo Finance

No, you won’t get the same savings BuySelf provides by going to the listing agent directly. Even if the listing agent wanted to reduce/negotiate their commission (and they don’t), their Broker would not allow it. The standard listing agreement that sellers have already signed also makes such a change nearly impossible. Only BuySelf can enable you to reduce the buyer agent commission through our new BuySelf Buyer program under the new MLS Lawsuit Settlement rules.

Yes. For multiple bidder situations, we recommend the Full Negotiation to Closing Service, to help understand the best strategy to make an offer, by gathering the relevant information about the competition and marketplace.

Better yet, BuySelf buyers can use the savings they have to improve their offer over all other buyers.

If you are looking for a creative set of services and fee arrangement, we are flexible and willing to work with you. There are many options for services and we can create a solution that works for your situation. Tell us more on this form.

Please contact us and let us know the details-where you are looking, your price range, and timeframe.

Yes, who pays the BuySelf commission is negotiable, and many sellers are willing. We can also structure the fee you pay to BuySelf so that it is included in the amount of your mortgage and credited to you at closing.