For Buyers

How we do it

We use our powerful platform to skip a lot of the traditional real-estate procedures and put that commission money back in your pocket, commission that would otherwise be going to a brick and mortar real estate agent. Just as you can now buy a car online and skip the sales-agent's commission, iListedmyHouse.com allows you to keep up to 50% of the commission transacted. How exciting is that?!

Get Your Buyer's Rebate

For Sellers

How we do it

We use our powerful platform to skip a lot of the traditional real-estate procedures and put that commission money back in your pocket, commission that would otherwise be going to a brick and mortar real estate agent. We skip unnecessary human interaction by allowing you to enter your property information, and thus take control. Our platform is designed to strip the real estate transaction to its core, simplify your sale, and in the process, save you thousands of dollars.

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FAQ

For Sellers

You will be given an Estimated Net Sheet upon listing submission, however, here is a list of costs associated with the sale of real estate. Note, not all the costs mentioned below will apply to all transactions.

Broker Fees
  • You will be charged $1,000. Listing fee
  • 3% buyer’s agent commission

Title Fees

fees vary on a case by case basis. You will get an Estimated Net Sheet upon listing submission.

  • Owner’s Title Insurance
  • Escrow Fee
  • Tax Certificate
  • State of Texas Policy Guaranty Fee
  • Attorney deed preparation
  • Notary Fee (if closing with a third-party notary). Optional

Prorations
  • Property taxes: Will be credited or debited based on your portion due, from January 1 st to the day of closing. If any other property taxes are due, they must be settled from your net proceeds at closing.
  • HOA Fees: Will be credited or debited accordingly based on your last HOA payment to the day of closing.
  • Current Mortgage (if any): You will be credited or debited based on your mortgage terms. The total pay-off for your mortgage will be given by your mortgage company to the title company directly.

Seller’s Concessions or Buyer’s Closing Costs
  • Home buyers have their own set of closing costs, mostly related to obtaining a mortgage. In most cases, buyers don’t have enough cash to cover their own closing costs and request the seller to cover those costs for them, in which case, those closings costs, if mutually agreed by both parties, will come out of the seller’s proceeds.

Liens
  • Current Mortgage (if any): Will be paid at closing by the title company. The total pay-off for your mortgage will be given by your mortgage company to the title company directly.

Judgements
  • Current judgements will also be paid at closing by the title company: typical judgements could include child support judgements and unsettled debt from creditors. Not sure if you have a judgement against you? contact your county.

Yes, for your property to be listed in your local MLS, you must be represented by a real estate broker (agent).

Yes! You have two ways of going about it.
You can sell it on your own, with your own resources, but we will still be entitled to the $1,000. Listing fee until the end of the 6-month listing term.
If you find an un-represented buyer that wants to buy, we can do the work that the buyer’s agent would’ve done and assist buyer in submitting their offer through the platform, in which case, we will be entitled to $1,000. Listing fee plus 1% of the sales prices for us to be able to take care of all the buyer’s needs throughout the entire transaction.

Is estimated that 95% of pre-approved buyers work with an agent, the big picture idea behind it is, you are paying them to bring you a buyer. Buyer’s agents go through a lengthy process of client preparation before they even start touring houses. By the time they submit an offer on your house, agents, most likely, already worked with their clients for months. Is in your best interest to have agents bring you ready, willing and able buyers.

Yes, you can cancel your listing anytime. If listing is canceled, you will be charged the $200. Platform fee that would otherwise be waived if you sold through us. If you are canceling because you’re not satisfy with our platform you can switch to our Full Representation Services for 6% total commission at the login-home- page and a Licensed Real Estate Agent will contact you to set up a listing presentation.

iListedmyHouse.com platform broke the real estate transaction to its simplest form, if you have had the ability to apply for anything else online and have uploaded documents you should be good to go. Remember that every transaction is closely monitored by the listing agent, any problems that arise will be addressed.

For Buyers

Yes, so long as that builder offers to pay agent’s commission, most builder do, however, upon signing the buyer’s representation agreement, you will be provided with a list of participating builders.

The transaction of a pre-own home involves many challenges, variations, explanations and negotiation that need to be addressed personally by a licensed real estate agent, there is also more touring time in which the agent must be present.

Rebate is contingent upon lender’s approval; the restrictions are mostly related with the type of loan, grants or financial assistance. If that’s the case, you’ll get the rebate up to the dollar amount lender allows. When the rebate is given by the listing broker (rare), rebate is contingent upon both parties agreeing (buyers and sellers).
The distribution of the rebate will be subject to the lender and title company rules. Rebate will have to be disclosed in the settlement statement given by the title company before closing.
In the rarest situation, rebate can be subject to approval from a third-party company associated with the transaction. This could happen when using grants or financial assistance.
At any rate, we have a fiduciary responsibility to you, and we’ll make every effort to give you the biggest rebate up to 50% on new builds and 20% on pre-own properties.

The buyer’s agent commission comes directly from the builder, whether you are represented or not, you’ll pay the same amount for the home. Builders understand that 89% of buyers purchase through agents/brokers; hence the commission for agents. They much rather pay a small percentage than to have those buyers go elsewhere. Builders also do a great deal of marketing, in which case it’s a win win for them, but nonetheless, they arevery happy to pay the agent’s commission if need be. Believe me, this is great

Yes, although our commission will be reduced by 20%, we have a fiduciary duty towards you.

Not likely, down payments would normally have to come out of your income; however, lending rules change, please consult with your lender for accurate answers about agent’s rebates.

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