Home Transaction Fees To Fall

Posted on November 17, 2007
Filed Under Real Estate

One of the major drawbacks of property dealing is high home transaction fees that involve eScrow. Recently it was announced that they would be charging a flat fees of $999 for their services. Now this came as a surprise but considering the fact that the market was going slow seemed appropriate. Lanser of the freedomblogging.com took a quick interview revealing some important facts and answering some good questions.

In the interview that followed they said that they have decided to
keep the deal a long term. services are offered by the title company at a low flat rate if the title is purchased. Not a discounted bundle like real. They also said that they are facing stiff competition from others in the business who have reduced their prices considerably to survive the fall. But the costs have also reduced, thanks to technology like email facilities.

In a market like realty things happen fast and technology play an important role. Online transactions have increased and we are very close to paper less world now. On asked about what will it take to reduce the fees considerably for selling / buying / renting homes, Rob said The education of the consumer to inform them they have the legal right to select these services and that real estate agents and brokerages are required to provide buyers and sellers with a choice of the best services and pricing. Consumers need to learn that they can have access to this by asking one simple question. Here are three variations:

1. I am interested in both service and saving money. I want you (the agent) to give me choices to include the lowest cost alternatives in writing.
2. I understand that many brokers encourage their agents to offer in-house services for good reasons. I am willing to look at these, but I also want to look at outside INDEPENDENT services that can provide savings in writing
3. Are you sure you have included closing service companies that offer the lowest costs? I want that in writing from you please.

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