I’m neither Democrat or Republican, but this video explains a lot on how our real estate housing market and current economic crisis came about. You’ll probably need to use the pause button throughout the video since it moves fast… watch it and post up your thoughts and comments.
RE/MAX International is the nation’s number one real estate franchise, and the number ten franchise overall, according to Entrepreneur Magazine’s 29th Annual “Franchise 500 Survey.” RE/MAX has held the honor of the top real estate franchiser for eight of the past ten years. The survey, which appears in this month’s edition of Entrepreneur Magazine ranks RE/MAX among the top ten in four different franchise categories. The Denver-based real estate franchiser was ranked #1 in the low-cost franchise category, #7 among global franchises, #10 in the fastest-growing franchise category, and 10th among ALL franchises. Its closest competitor in the real estate industry was ranked in the 43rd position.
“We are not surprised by our high ranking, given the quality of our affiliated broker/owners and sales associates,” said Margaret Kelly, CEO of RE/MAX International. “They lead the industry in experience and productivity and we’re proud to offer them a comprehensive array of support services.”
The Entrepreneur Franchise 500 Survey is the most comprehensive franchise ranking in the world. The initial survey was conducted in 1980, and it was the first ranking of franchises in the industry. Over the years, the ranking procedure has been refined to provide the most accurate formula for identifying today’s top franchises.
Through extensive online search capabilities, HomeZill.com servicing Northern Virginia, Washington DC and Maryland has provided home buyers with one of the best DC Metro MLS searches on the web. Not only does HomeZill provide a great home buyer search tool, but they give up to 2% cash back in home buyer rebates, saving consumers thousands of dollars on commissions!
HomeZill is like having a real estate professional at your fingertips 24 hours a day! You can make an offer online for real estate in Northern Virginia, Maryland and Washington DC. Whether it’s a town house in Fairfax Virginia, anew construction DC condo in Georgetown, or investment property in Bethesda MD, simply fill out the Express Offer to get started! And, since you are doing a good amount of the leg-work, shouldn’t you benefit? Well, with HomeZill you do! Whether you’re a first time home buyer or seasoned real estate investor, you will receive a home buyer rebate up to a 2% cash back for real estate in Northern VA, DC or MD - there’s no catch!
Search for a Home Our online navigation tools allow you to search condominiums, town homes or single family homes in all price ranges, styles and locations in the DC Metro area. Many Realtors only show you their listings, at HomeZill.com, we show you ALL the listings in the MLS from every Realtor! HomeZill incorporates the listings, location maps and aerial imagery for you to see for yourself. Once you find homes that interest you, select and save them to your favorites so you can view them later before scheduling appointments and making an offer online.
Get in Touch If you are interested in a home you find, contact HomeZill’s 24-hour customer service line to schedule a time to view the property at 888-998-ZILL (9455).
Let’s Buy a Home
When you have decided on a NEW construction home that you would like to purchase, simply contact a HomeZill agent to schedule an appointment with the builder. For RESALE or EXISTING homes, simply fill out our HomeZill Express Offer and a real estate professional will contact you to review your offer and answer any questions you may have. You’ll have the comfort and guidance of an experienced ReMax agent every step of the way to help you understand and explain each document you sign. HomeZill in your Corner
Your Re/Max agent will negotiate to get you the best deal by consulting the builder or listing agent about any competing offers or special terms. We do this through our years of experience negotiating real estate transactions and the extra mile we are willing to go to get it right the first time.
Closing up Shop
One last step before you move in…closing time. Closing usually takes place at an attorney’s office or title/settlement company and typically lasts about an hour. This is where the home buyer and seller gather to sign the documents, say our thank you’s and hand over the keys.
The Midtown is surrounded my numerous stores and restaurants.In a location of its own, Midtown Bethesda North is an incredible community of new construction condos in Rockville MD.It has the modern and contemporary feeling that is becoming so popular these days.The excitement of the condo will never leave your bored and the features will take your breath away.They include: designer kitchens with Italian cabinetry, imported granite countertops, under-mounted sinks, Hansgrohe fixtures, gas cooking and stainless steel GE Profile appliances, spa-inspired bathrooms with sculpted tubs, Italian cabinetry and stylish fixtures, berber carpeting in bedrooms, full-size GE washers/dryers, upgraded stylish lighting, hardwood flooring in living areas and kitchens, pre-wiring for plasma TV and surround sound, and expansive walk-in closets.
The amenities are out of this world including: boutique hotel-inspired lobby with a 24-hour front desk, fully-serviced guest suite, an on-site hotel alternative for overnight visitors, elegant library and conference room, billiards room, State-of-the-art sports center featuring individual cardio theater equipment, café with wireless Internet access and complimentary gourmet coffee service, private theater screening room with surround sound, 20th Floor Skybox featuring pool with waterfall, spa, landscaped sundeck and summer kitchen with grill, plus party room with catering kitchen, enclosed garage parking with controlled access.The one bedroom units start at $367,000 and the two bedrooms start in the high $500’s.
If you see yourself living here, be sure to call 1-888-998-9455 to receive an additional 2%cash back rebate at the Midtown Bethesda North condos in Rockville MD or any other new construction homes in Maryland.
Foreclosures in Northern Virginia, Maryland and Washington DC have been fueling price depreciation and a glut of housing inventory over the past several months. Today, the White House announced their policy to freeze subprime interest rates for 5 years in order to help hundreds of thousands of homeowners stay in their homes and avoid foreclosure. The deal with the mortgage industry is “a step in the right direction” after the increasing number of foreclosures have driven home prices down, hurt neighborhoods and threatened the economy.
The plan will not effect everyone facing foreclosure, but only consumers with subprime loans, which account for 47% of recent foreclosures. The plan only applies for people living in their homes and who have not missed any mortgage payments. Officials say they hope to save 300,000 families from falling victim to foreclosure proceedings and help curtail declining homes prices and access inventory over the next few years.
Many home owners unaffected by the plan are voicing their anger as they feel that the government should not step in to ’save’ people who made poor decisions to lock themselves in risky subprime loans…”Why should we have to pay for our high mortgage if subprime borrowers get an easy out?”
I’ll leave this up for discussion. Do you think the government should intervene in a situation like this? Should they specify only certain “subprime” borrowers? Is it fair to other homeowners facing foreclosure with similar adjusting rates that are not “subprime”?
Many home buyers are not only unfamiliar with the concept of real estate commission rebates in the DC Metro area, but remain unsure whether these home buyer rebates (sometimes called “credits” or “refunds” or “cash back”) are even legal in Northern Virginia, Maryland and Washington DC at all. I’ve run across the same questions time and time again from first time home buyers on this topic…Where does the money come from? How does a Realtor commission rebate work? Will a real estate agent refund effect the price I pay for the home?
Now for the answers -
YES! Real estate agent rebates are legal in Northern Virginia, Maryland and Washington DC.
The money comes from the seller’s agent or builder, who offers the buyer’s agent a predetermined commission amount (typically 3%), agreed upon with the seller at the time the property is listed. The buyer’s agent rebates a portion of their commission to their client (home buyer).
Home buyer rebates DO NOT effect the price of the home- since the amount of the commission offered to the buyer’s agent is predetermined prior to listing the home, it doesn’t effect the home price if you buy with or without an agent, the seller’s agent or builder simply pockets the entire commission (many times 6%). On top of that, the home buyer will not have a DC Metro area real estate agent’s representation looking out for their best interests!
Still don’t believe me?? Well, check it out for yourself, Home buyer rebates ARE legal in VA, MD & DC according to the DOJ. The U.S. Department of Justice (DOJ) recently launched a new website on competition in the real estate industry. The Antitrust Division of the DOJ promotes and protects the competitive process through the enforcement of antitrust laws. Simply put–they prohibit price-fixing. The site was created to educate consumers about the benefits that commission competition brings to the consumer of real estate services. The chart below from the DOJ website shows the median commission paid by consumers per home between 1998-2007.
Simply put, buyer agent rebates make buying a home more affordable… period. Most people generally think of a rebate as a cheap, minuscule amount or barely even worth the effort of mailing out. However, when talking about Realtor rebates in real estate, we’re talking thousands of dollars back to you, the home buyer. Especially since the average home in the Northern Virginia/DC Metro area is ballparking (apparently not a real word) around $500,000, a new home rebate at this price with HomeZill would equate to $10,000! Definitely NOT chump change…
Thinking about buying a home in the DC Metro area soon? Call 1-888-998-9455 to receive up to a 2% cash back Realtor rebate when buying any new home construction or resale home in Northern Virginia, Maryland or Washington DC. Whether you’re a first time home buyer or seasoned real estate investor, you deserve a rebate for doing your share of the leg-work! To learn more about our 2% HomeZill.com Realtor rebate program, click here.
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