iRealty is your Open House Broker that gives you money back at closing!

 

Call 708-542-4577

  • Found your home at an Open House and need a broker
  • At closing you will receive 50% of my commmission earned!
  • Found your home by searching on the internet and need a broker
  • Contact iRealty to guide you through your home purchasing process
  • Extra money in your pocket for closing costs, moving expenses, buying down the purchase price or whatever your needs…

Open House Broker Rebate

 

How It Works

In this day and age 90% of home buyers start their search on the internet. If you find your dream home in Illinois either by attending an open house or searching on-line yourself, you can receive a REBATE.

Are you an unrepresented buyer looking for a broker to manage the transaction. iRealty Flat Fee Brokerage provides a home buyer rebate of 50% of their commission earned. This can come in handy especially when buying a new home.

You can use your rebate as part of closing costs, moving expenses, remodeling, new furniture or anything you feel the need. In most cases the rebate will be a credit on the settlement statement so you will not be paying taxes on it. iRealty works with preferred lenders that also provide credits that can save you more money. All you have to do is contact iRealty, tell them you have found a property you would like to purchase.  iRealty’s 18 years  of experience will guide you through the home purchasing process all the way to the closing table. You always save money when you work with iRealty Flat Fee Brokerage!

You must be purchasing in Cook, DeKalb, DuPage, Kane, Kendall, Lake, McHenry, and Will county to receive the rebate from iRealty. Short sales, REO and Foreclosures do not apply.

 

 

 

Based on a 2.5% commission below you will receive 50% at closing as your rebate

$0$1M

SAVINGS CALCULATOR

 

Frequently Asked Questions

 

What are home buyer rebates?

Home buyer rebates, also known as commission rebates, are a portion of the real estate agent’s commission that is given back to the buyer at closing. This can result in significant savings for home buyers and can be used to cover closing costs, moving expenses, or reduce the overall purchase price.

 

Who offers home buyer rebates?

Rebates are typically offered by real estate agents or brokers who are willing to share a part of their commission with the buyer. Not all agents offer rebates, so it’s important to ask about them when choosing an agent.

 

Are home buyer rebates legal?

Are home buyer rebates legal? Yes, home buyer rebates are legal in most states. However, some states have restrictions or do not allow them. It is important to check the laws in your specific state or consult with a real estate professional.

 

How do I qualify for a home buyer rebate?

Qualifying for a rebate usually involves working with a real estate agent who offers this incentive. The terms and conditions may vary by agent or broker, so it’s essential to discuss this upfront and have a clear understanding of what is required. You must be purchasing in Cook, DeKalb, DuPage, Kane, Kendall, Lake, McHenry, and Will county to receive the rebate from iRealty.

 

Can I negotiate a home buyer rebate?

Yes, you may be able to negotiate the amount of the rebate with your real estate agent. However, not all agents will be open to negotiation as they might have fixed rebate structures in place.

 

How is the rebate amount determined?

The rebate amount is usually a percentage of the agent’s commission. The exact percentage can vary based on the agreement between you and your agent. Some agents offer a flat fee rebate instead.

 

When do I receive my home buyer rebate?

Typically, you will receive your rebate at closing. The amount can be credited towards closing costs, applied to your down payment, or occasionally issued as a check after closing.

 

Will my lender allow me to use the rebate for my down payment?

Lenders generally allow you to apply the rebate toward closing costs but using it for your down payment may not always be permitted. You should discuss this with your lender beforehand as policies can vary.

 

Do I need to pay taxes on my home buyer rebate?

The IRS has ruled that rebates are not considered taxable income but rather a reduction in the purchase price of the home. However, tax laws change frequently and can be complex, so it’s advisable to consult with a tax professional regarding your specific situation.

 

Can I get a rebate when buying new construction?

Yes, many agents will offer rebates on new construction homes as well. Be sure to bring up the topic early in discussions with your agent and builder.

 

Is there any reason why an agent wouldn’t offer a rebate?

Some agents believe that offering rebates devalues their service while others simply prefer not to participate in this practice. Agents may also work for brokerages that prohibit rebates.

 

Does getting a rebate mean I’ll receive less service from my agent?

Not necessarily. Many agents who offer rebates provide full-service experiences. It’s important to discuss expectations and services provided before entering into an agreement with any real estate professional.

 

Can first-time homebuyers receive rebates too?

Absolutely! First-time homebuyers are eligible for rebates just like any other buyers. In fact, these savings can be particularly helpful for those entering the market for the first time.

 

What should I look out for when considering a home buyer rebate?

Ensure you understand all terms and conditions associated with the rebate offer. Ask about any potential implications on your transaction and confirm all details in writing.

 

How do I find an agent who offers home buyer rebates?

You can search online for agents offering rebates in your area or ask for referrals from friends or family members who have recently purchased a home. Additionally, some websites specialize in connecting buyers with agents who offer rebates.

For more information on how you can take advantage of home buyer rebates and save money on your next home purchase, please contact our team of experts or visit our website at www.irealtyflatfeebrokerage.com]. We’re here to help make your dream of

18+ Years Flat Fee Illinois Brokerage Saving Home Sellers & Buyers Money

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Search Open Houses: How to Find the Perfect Home

open house

But how do you find these open houses in the first place? On the internet of course.

 

Open houses, a beloved tradition in the real estate world, give potential buyers the opportunity to explore properties firsthand. They offer an unrestricted view of homes on the market, allowing you to see beyond the polished photos displayed online. By attending open houses, you can assess the true condition of a property, imagine your life within its walls, and direct questions to on-site real estate agents.

In today’s digital age, the question is: where do you find open houses on the internet? The web offers a wealth of resources for finding open houses without leaving your living room. With just a few clicks or scrolls, you can discover listings and plan visits at your convenience.

This article will guide you through top methods for locating open houses online. You’ll learn how to navigate popular real estate websites like Realtor.com and Zillow, leverage social media platforms like Instagram and Twitter, and even harness offline strategies to maximize your search results. With these tools at your disposal, you’ll be well-equipped to find and visit dream homes with ease.

1. Open House Real Estate Listing Websites

Real estate listing websites are invaluable tools for finding open houses. These platforms aggregate listings from multiple sources, providing a convenient one-stop shop for potential home buyers. Here’s why you should consider using these resources:

Benefits of Using Real Estate Listing Websites:

  • Wide Selection: Access to numerous listings across various markets.
  • Detailed Information: Comprehensive property details including photos, amenities, and neighborhood data.
  • Customizable Searches: Ability to filter results based on specific criteria such as location, price range, and home type.

Step-by-Step Guide to Searching for Open Houses:

  1. Select a Platform: Choose from popular sites like Realtor.com, Zillow, Trulia, or Redfin.
  2. Create an Account: Signing up can provide personalized recommendations and save searches.
  3. Set Your Criteria: Use filters for location, property type, price range, and more importantly, check the ‘Open Houses’ option.
  4. Review Listings: Browse through the results and look at dates/times for open houses.
  5. Save Favorites: Mark properties you’re interested in visiting to plan your tour efficiently.

Tips for Maximizing Results:

  • Set up alerts to notify you when new open houses are listed.
  • Review the property’s history and price changes if available.

Pros and Cons of Leveraging These Websites:

Pros:

  • Convenience of browsing listings at any time.
  • Tools and resources available to aid in your home search process.

Cons:

  • Not all listings may be up-to-date; some open houses could be canceled or rescheduled without timely updates.
  • Potential information overload due to the high volume of listings.

By understanding how to navigate real estate listing websites effectively, you can streamline your search for open houses and identify potential homes that align with your preferences and needs.

2. Social Media

Social media platforms are changing how we search for open houses, showing us hidden gems that may not appear on traditional listing websites.

Instagram and Twitter have become especially useful for this purpose. They combine attractive visuals with real-time updatesA silver laptop on a wooden desk with illuminated real estate symbols on the screen, surrounded by a warm cup of coffee, colored stationery, and plant décor. making them perfect for finding and exploring potential dream homes.

How to Use Social Media for Open House Search

Here are some ways you can make the most of these platforms:

  1. Hashtags: Use hashtags to discover open house listings. Popular hashtags include #OpenHouse, #RealEstate, #HomeForSale, as well as ones related to your city or neighborhood of interest.
  2. Geotags: Explore Instagram posts tagged in specific locations using the geotag feature. This can help you find local open houses in your desired area.
  3. Follow Real Estate Accounts: Stay updated with real estate agents, brokers, and companies who often share information about upcoming open houses.

For a more effective social media approach, you can create dedicated Twitter lists or Instagram collections to organize and save relevant posts. This way, you can easily refer back to them when planning your open house visits.

Tip: While social media is a great resource, it’s important to double-check the details with the listing agent or on the property’s MLS listing to ensure accuracy.

The Power of Instagram and Twitter in Your Open House Search

By paying attention to details and using features like hashtags and geotags strategically, Instagram and Twitter can become powerful tools in your search for open houses. Making use of these platforms could bring you one step closer to finding your dream home.

3. Offline Open House Search Methods

While the internet is a treasure trove for open house listings, engaging with offline methods can supplement your online efforts and uncover opportunities that may not be as widely advertised. Here are some proven strategies:

Local Real Estate Offices

Step into a nearby real estate office and speak directly with agents. They often have the inside scoop on upcoming open houses before they hit the market or online platforms. Building relationships with these agents can grant you early access to properties and valuable insights into the neighborhood dynamics.

Scouting Neighborhoods

Nothing beats the first-hand experience of driving or walking through your desired areas. As you explore, look for “Open House” signs planted in front lawns. These signs usually indicate immediate opportunities to view a property, and occasionally, you might stumble upon an open house that hasn’t been listed online yet.

By integrating these offline approaches with your online search tactics, you create a comprehensive strategy that covers all bases in finding potential dream homes. Remember to remain courteous and express genuine interest when interacting with real estate professionals; they can be pivotal allies in your home-buying journey.

4. Online Search Filters and MLS

When it comes to searching for open houses online, two essential tools are online search filters and the MLS (Multiple Listing Service). These resources can help you narrow down your options and find open houses that match your specific criteria. Here’s how you can make the most of them:

Using Online Search Filters

Most real estate websites have a wide range of search filters that allow you to customize your open house search. Here are some tips on using these filters effectively:

  • Location: Start by selecting the area where you want to find open houses. You can usually search by city, neighborhood, or even school district.
  • Date: Look for filters that let you specify the date range for upcoming open houses. This will help you plan your visits accordingly.
  • Price Range: Set a minimum and maximum price limit to ensure that the open houses you see are within your budget.
  • Property Type: Choose the type of property you’re interested in, such as a single-family home, condo, townhouse, or any other specific options.

By using these filters, the website will show you only those open houses that meet your preferences. This saves you time and energy by eliminating listings that don’t align with what you’re looking for.

Exploring the Multiple Listing Service (MLS)

The MLS is a comprehensive database used by real estate professionals to share property listings. It’s known for having the most up-to-date and detailed information about available properties. Here’s how you can access MLS listings:

  • Through a Real Estate Agent: If you’re working with a licensed real estate agent, they can perform an MLS search on your behalf and provide you with relevant listings.
  • Using Real Estate Websites with MLS Integration: Some online platforms have direct access to MLS data, which means you can search for properties listed on the MLS without needing an agent.

When you explore the MLS, you’ll find extensive details about each property, including:

  • High-quality photos
  • Property history
  • Scheduled open house dates

This level of information ensures that when you come across an open house listing, it has been thoroughly reviewed and verified by industry experts.

By becoming familiar with these online tools, you can simplify your search for open houses that suit your needs. The ability to conduct specific searches and access real-time information puts you in control of your home-buying journey, making it more efficient and focused.

Planning and Visiting Open Houses

When you go on an open house tour, it’s important to be efficient with your time and energy. By planning ahead and being strategic in your approach, you can make the most out of your visits and gather all the information you need to make an informed decision. Here are some tips to help you plan and navigate your open house tour:

1. Efficient Route Planning your open house tour

Before heading out, take some time to plan your route and schedule. This will help you save time and avoid unnecessary backtracking. Here’s how you can do it:

  • Use mapping software or apps to locate the open houses you want to visit.
  • Group together properties that are in close proximity to each other.
  • Consider the distance between each property and factor in travel time.
  • Take into account any specific timing requirements for certain open houses (e.g., scheduled tours or specific viewing hours).

2. Maximizing Your Visits

With potentially limited time available, it’s important to make the most of each open house visit. Here are some tips on how to do that:

  • Prioritize properties based on your interest level and housing needs.
  • Allocate a realistic amount of time for each visit, including buffer time for exploring the property and asking questions.
  • If possible, try to schedule back-to-back visits for nearby properties to minimize travel time.

3. Engaging with Real Estate Agents

During your open house visits, you’ll likely come across real estate agents who are representing the sellers. Don’t be afraid to engage with them and ask questions! Here’s how you can make the most out of these interactions:

  • Come prepared with a list of questions about the property and the surrounding community.
  • Show genuine interest in the property by asking specific questions about its features or history.
  • Be ready to discuss your own housing preferences and requirements.
  • If you feel comfortable, exchange contact information with the agent for future follow-up or to receive updates on new listings.

4. Navigating Dual Agency Situations

In some cases, you may encounter a dual agency situation where the same agent represents both the buyer and the seller. Here’s what you need to know about dual agency and how to navigate it:

  • Understand that in a dual agency arrangement, the agent has a legal duty to act in the best interests of both parties.
  • If you have any concerns about potential conflicts of interest, don’t hesitate to ask the agent if they are acting as a dual agent.
  • Consider hiring your own buyer’s agent who will solely represent your interests throughout the home buying process.

Tips

By following these tips, you can make your open house visits more efficient and productive. Remember, it’s not just about seeing as many homes as possible—it’s about gathering valuable information that will help you make an informed decision.

Finding open houses on the internet has been made easier by the various methods discussed. With resources such as real estate listing websites, social media platforms, and offline avenues at your fingertips, your property search journey can be smooth and efficient. Remember, online tools play an invaluable role in the modern-day hunt for the perfect home.

Don’t hesitate to start utilizing these strategies. From realtor.com to Instagram hashtags, from local real estate offices to advanced search filters, a world of open house opportunities awaits you. All it takes is a few clicks or scrolls and you could be planning visits to potential homes for sale in no time.

Benefits of attending an Open House

 

In the quest to find the perfect home, attending open houses can prove to be immensely beneficial. Open houses provide potential homebuyers with a unique opportunity to explore properties firsthand, allowing them to evaluate the space, size, and overall aesthetics. Unlike virtual tours or photos, open houses give you the chance to envision yourself living in the property and assess if it truly meets your needs and desires. By attending multiple open houses, you can compare different properties side by side, enabling you to make a more informed decision.

One of the major advantages of attending open houses is the ability to interact directly with the listing agent. This allows you to ask questions about the property, including any concerns or doubts you may have. The agent can provide valuable insights into the neighborhood, local amenities, and other aspects surrounding the property. Such interactions can also help you gauge the level of professionalism and responsiveness of the agent, giving you confidence in their ability to guide you through the buying process and negotiate on your behalf.

Attending open houses also offers the chance to connect with other potential homebuyers, creating a sense of community and shared experiences. Engaging in conversations with fellow attendees can provide you with additional perspectives and insights that you might not have considered. Moreover, by observing the reactions and opinions of others, you can gain a better understanding of the property’s appeal and potential drawbacks.

We will provide you with the tips and tools you need to make the most of your open house search.

 

From finding the best listings to navigating the open house experience, we’ve got you covered. So, let’s dive in and get started on the path to finding your perfect home!Searching for a new home can be an exciting yet overwhelming experience. With numerous options available in the real estate market, it’s essential to narrow down your choices and find the perfect match for you and your family. One effective way to do so is by attending open houses. These events provide prospective buyers with an opportunity to explore properties, get a feel for the neighborhood, and ask questions directly to the seller or agent. However, locating open houses and maximizing your experience can sometimes be a challenge.​

Preparing for your open house tour

open house search

Firstly, come prepared. Before attending an open house, do your research on the property and the neighborhood. Familiarize yourself with the market value of similar homes in the area, so you have a baseline for comparison. Take notes of any questions you have about the property and don’t hesitate to ask the listing agent or owner during the visit.

Secondly, make a checklist. Open houses can be overwhelming, especially if you are seeing multiple properties in one day. To stay organized, create a checklist of the features you are looking for in a home. This will help you stay focused and evaluate each property objectively. Take pictures and notes as you go through the house, so you can easily refer back to them later.

Lastly, engage with the listing agent. The listing agent is there to provide information and answer any questions you may have about the property. Take advantage of their expertise and ask for details about the neighborhood, schools, nearby amenities, and any potential issues with the property. Building a rapport with the listing agent can also give you an edge if you decide to make an offer later on.

The Role of Open Houses in the Real Estate Market

 

​Open houses play a crucial role in the real estate market. These events provide an opportunity for potential buyers to explore a property firsthand, allowing them to gauge its suitability and envision themselves living in the space. Open houses also offer real estate agents a chance to showcase the unique features and selling points of a property, and to build connections with potential clients.

One of the main benefits of open houses is that they attract a wide range of potential buyers. By advertising the event, real estate agents can reach not only serious buyers but also curious neighbors who may know friends or family looking for a new home. This diverse group of attendees can generate greater interest in the property and increase the chances of finding the right buyer.

In addition, open houses create a sense of urgency among buyers. The limited time window encourages individuals to make quicker decisions and submit offers promptly. This can be particularly helpful for sellers who are looking to sell their property quickly or have had difficulty attracting serious buyers in the past.

Furthermore, open houses serve as a marketing opportunity for real estate agents.

 

They provide a chance to showcase their knowledge and expertise, which can help establish trust with potential clients. By engaging with attendees, agents can answer questions, provide insights, and establish themselves as reliable sources of information. This personalized interaction can be invaluable in building lasting relationships and securing future business.

Benefits for a real estate broker to do an open house.

As a result, open houses play a significant role in the real estate market. They offer a unique opportunity for buyers to explore properties and make informed decisions, while also allowing real estate agents to market their expertise and build connections. Whether you’re in the market to buy or sell, attending an open house can provide valuable insights and help facilitate a positive real estate experience.

What to Expect at an Open House EventFirstly, open houses are typically held at specific times, usually on weekends. This allows people with busy schedules to make time to attend. When you arrive, you’ll often find a sign-in sheet or registration process to provide your contact information. This allows the hosting agent to follow up with you later and provide any additional information you may need.

Once inside the property, you are free to explore at your own pace. Take your time to inspect each room, check the functionality of appliances, and envision yourself living in the space. It’s essential to ask any questions you may have to the hosting real estate agent, who will be there to assist and guide you throughout the open house.

Benefits

Open houses are also an opportunity to gauge the level of interest and competition for the property you’re interested in. Take note of the number of attendees and their reactions. If there is a significant turnout or a lot of positive feedback, it could indicate that the property is in high demand. This knowledge can help you make informed decisions and potentially act quickly if you’re interested in making an offer.

In conclusion, attending an open house can be an informative and useful experience for potential home buyers and sellers. It allows you to explore properties, ask questions, and get a sense of the market’s interest in the property. So, if you’re on the hunt for your dream home or preparing to sell, keep an eye out for open house events in your area.

Open House activity increase: Changes in the real estate industry

 

Open houses main purpose used to be for brokers to find more buyer clients. NAR statistics state 90% of home buyers start their search on-line and this is where 50% of home buyers actually find their home. As a flat fee broker my home sellers host their own open houses. Some of my sellers do this on a weekly basis. It is great exposure and allows for people shopping for a home to view themselves without a broker. This also comes in handy when you work a regular schedule, becase open houses are typically held on the weekends.

With the change of the resecent NAR settlement and buyer commissions, open houses are going to become more prevalent. The ruling is that sellers do not have to offer commission and feel the buyer broker should be paid by the buyers. The sellers dispute is they are not working for the seller side and why should they compensate them instead of the buyers..

The new ruling will change the format in regards that buyers in some instances cannot afford to pay commission for a broker to represent them. Brokers will need to do more open houses to advertise and make their properties more available to the public outside of the mls. The listing broker will now be fielding calls and trying to conduct showing at an increased level As, buyers will be contacting them directly because they are opting out of buyer representation. Open houses will not just be on the weekends, listing brokers will start schedulign blocks of time during the week to accomodate multiple showings at one time.  As a result, an open house can solve the problem of how to accomodate the increas of showings for their properties. This will help in bring in the home buyers that are not represented by a broker.

Open Houses vs. Private Showings: Which is Right for You?

 

The Advantages of Working with an Open House BrokerWhen it comes to buying or selling a home, there are several options for viewing the property. Two of the most common methods are open houses and private showings. Each method has its own advantages and disadvantages, so it’s important to consider your preferences and circumstances before deciding which one is right for you.

Open Houses

Open houses provide a convenient way for potential buyers to view a property without the need to schedule an appointment. They are usually held on weekends, allowing people with busy schedules to drop by at their convenience. Open houses also attract a larger pool of potential buyers, increasing the chance of finding the right person for the property. Additionally, they provide an opportunity to bserve how other buyers are reacting to the property, which can be beneficial when making a decision.

Private Showings

On the other hand, private showings offer a more personalized experience. With a private showing, you have the undivided attention of the seller’s agent, who can answer all your questions and provide detailed information about the property. This can be particularly useful if you have specific requirements or concerns. Private showings also allow for a more thorough inspection of the property, as you can explore every nook and cranny without feeling rushed or distracted by others. However, it’s important to note that private showings require scheduling and may not be as convenient for those with busy schedules.

In the end, the choice between open houses and private showings depends on your preferences and circumstances. If you value convenience and want to see multiple properties in a short period of time, open houses may be the way to go. However, if you prefer a more personalized experience and want to thoroughly inspect a property, private showings may be the better option. Ultimately, it’s important to find the method that aligns with your needs and helps you make an informed decision when buying or selling a home.

Top Strategies for Hosting a Successful Open HouseBest Practices for Hosting an Open House

 

​Hosting an open house can be a fantastic opportunity to showcase your property and attract potential buyers. However, it is essential to have a well-thought-out strategy to ensure a successful event. Here are some top strategies for hosting a successful open house.

First and foremost, you need to create a buzz around your open house. Utilize social media platforms, online listings, and local advertisements to spread the word. Highlight the unique features of your property and what makes it stand out from the rest. By generating excitement beforehand, you are more likely to have a good turnout on the day of the open house.

Declutter

Secondly, make sure your property is in tip-top shape. Declutter, clean, and stage the space to make it look inviting and appealing. Create a warm and welcoming atmosphere by freshening up with a coat of paint, adding some fresh flowers, and getting rid of any unpleasant odors. Remember, first impressions matter, so pay attention to the curb appeal as well.

Another crucial strategy is to provide informative and visually appealing materials during the open house. Prepare high-quality brochures or flyers that include the property’s key details, such as square footage, number of rooms, and any recent renovations. Also, consider having professional photos or a virtual tour available for interested buyers to view. These materials will allow potential buyers to have a tangible reminder of the property’s highlights and encourage them to follow up.

Open House hosting responsibilities

Hosting a successful open house requires careful planning and execution. By creating anticipation, making the property presentable, and providing informative materials, you increase the chances of attracting serious buyers. With these strategies in place, you’ll be on your way to a successful open house that could potentially lead to a quick sale.

One additional tip is to use online listings and social media platforms to promote your open house. This will help reach a wider audience and generate more interest in the property. Additionally, consider offering refreshments or small giveaways to make the experience more memorable for visitors. By incorporating these strategies into your open house plan, you can maximize its impact and increase the likelihood of a successful sale.

By incorporating these strategies into your open house plan, you can maximize its impact and increase the likelihood of a successful sale. Remember to engage with visitors during the event, answering any questions they may have and highlighting the unique features of the property. A warm and welcoming attitude can go a long way in creating a positive impression. Finally, be sure to follow up with interested buyers after the open house, providing them with any additional information they may need. This proactive approach demonstrates your commitment and may help convert leads into serious offers.

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