The internet has made home buying much easier. Now, house hunters can search for homes, research comparable listings and even choose their selection before needing the assistance of a real estate agent. Now, one start-up is trying to reward buyers for the legwork that they do.
Jason’s House is a website where actively involved, DIY-type home buyers can negotiate with agents to try and receive a monetary value for their hard work.
Here’s how it works: a potential buyer fills out a profile on the site, inputting the steps they’ve already taken in the process and asking for specific services that they still need from an agent, like acting as a representative during the transaction, advice, negotiating, etc.
From there, agents affiliated with the site have seven days to submit bids to the buyers, offering some portion of their commission back to the buyer as a rebate based on the work the buyer has already done. For example, on a house costing $400,000, an agent who decides to offer 36 percent of a three percent commission back to an active buyer is willing to give back $2,160.
The buyer can also sift through the offers and the agent profiles to choose the best offer and best agent. (Agent profiles come with reviews and experience.) The website is quite new, and just launched in the greater Houston area.
Readers, do you think this idea would take off in DC?
This article originally published at http://dc.urbanturf.com/articles/blog/new_start-up_rewards_house_hunters_who_do_their_own_legwork/7318
Most Popular... This Week • Last 30 Days • Ever
Following a bankruptcy auction, sale closed on the property last November.... read »
The new home also has an owner's suite that spreads out over 3,300 square feet.... read »
Over 8,000 apartments were absorbed in DC in 2021 for the first time.... read »
A neighbor of the priciest home to ever sell in the DC region appears to be taking in... read »
Howard University built a lot of momentum last year, putting pieces of its vast portf... read »
UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The H Street Corridor once epitomized DC's development boom, but construction activit... read »
The upzoning would mandate additional Inclusionary Zoning units for developments alon... read »
The Shaw pipeline is starting the year off hot.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro