What are the four biggest misconceptions consumers have regarding selling and buying real estate?

1. "The seller pays real estate agents commissions."   

While it is true for active listings the listing agreement dictates the sharing of commissions. However, the fact remains the buyer is the one bringing the funds to closing, from which real estate commissions are paid.   

2.  "Real estate agent commissions are not negotiable".   

Actually,, a good agent won't be offended and will be more than willing to share their perspective.  Given the particular circumstances of each property sale/purchase transaction, real estate commissions may be negotiable.  It never hurts to ask

3.  "Only real estate investors are buying off-market properties". 

 With low inventeory of homes listed for sale, fierce offer competition, more and more buyers are also looking off-market for more buying opportunities.

4. "FSBOs typically sell for less than the selling price of other homes."   

This is only true because owners of lower-priced homes are more likely to sell to someone they know, and are located in more rural areas than urban and suburban areas.   

How does a buyer interest questionnaire help facilitate off-market collaboration?

Buyer interest questionnaires help registered property owners or the property owner's registered last selling agent know about buyer interest throughout the current owner's duration of ownership.

Buyer interest questionnaire responses are a snap-shot of a potential buyer's level of interest and is always subject to change over time.   Interested buyers should update their responses when necessary and be prepared to discuss their responses when contacting current owners or the current owner's last selling agent.    

Below are the potential buyer interest questions.  Important: Completing a buyer interest questionnaire does not obligate potential buyers to make an offer of purchase or retain the services of a real estate professional. 

Important:   Based on BuyItNext.com's  Privacy and Terms of Use policies, a registered potential buyer’s personal identity information (PII) is not shared with third parties, including the registered current owner(s) or the current owner's registered last selling agent.  

Registered potential buyers are provided the contact information of the registered current owner or the current owner's registered last selling agent.   When potential buyers contact the registered current owner or the current owner's registered last selling agent the potential buyer can obtain more information about the ready-to-sell property.

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BuyItNext.com is built to be the only national all-inclusive last-selling agent registry. We will deliver an unmatched experience for every user from single agents, to top-performing teams and mega teams, to robust national enterprise brands.

BIN is brand-new, so this is where we are right now. There’s a real utility now.  When real estate agents get registered on properties they helped the current owner purchase, they:

• Potential buyers are increasingly frustrated by the lack of available listed home inventory and the need for an efficient and effective way to connect with the last selling agent, so they do not miss out when off-market property owners are getting ready to sell.
• Prospective buyers cannot be wallflowers if they expect to buy a great property off-market. Unrepresented prospective buyers who connect with last-selling agents are more likely to find off-market buying opportunities where they want to live. 
• There is a unique opportunity for last-selling agents to compete with the disruptors of owner attention.   
• Property owners are increasingly wanting to know all their options for selling fast for the right price by avoiding the hassles and uncertainty of listing their property for sale.
• Last-selling agents are uniquely well-positioned to facilitate off-market transactions that provide potential buyers the information they want and save buyers time and money. 

The off-market savings calculator below illustrates buyer savings in the form of a buyer commission rebate when the last selling agent provides “transaction broker” services, which potentially reduces the buyer’s purchase price without reducing a seller’s proceeds.

* Buyer commission rebates may not be available in Alaska, Louisiana, Mississippi, Oklahoma, Oregon, New Jersey, Tennessee, Kansas, Alabama, and Missouri.

What types of service providers can register on BuyItNext.com? 

Good work performed by property service providers should not go unrecognized.  BuyItNext.com is an online resource for finding who can and did provide property services.