Buyer Rebate Program

Buyers… We pay you 1/2 of the commission when you find the property you want to buy on your own.  Most listed properties offer 2.5% to the buyers’ agent.  In which case, you will receive 1.25% and List In MLS Realty will receive the remaining 1.25%.   On a purchase price of $500,000 that would amount to $6,250 for you to use however you’d like.  List In MLS Realty will assist you with home tours, valuations, offer presentations, negotiations, financing, inspections and the entire closing process.  

What you need to know

Not all listings offer 2.5%.  Seller’s set the commission rate at the time of listing so the percentage can vary from property to property.  When you see a property you are interested in, contact us to find out the amount of commission being offered.

List In MLS Realty keeps half of the commission with a $3,000 minimum, and refunds the rest to you. 

We also work with buyers on a traditional basis where buyers do not receive rebates.  If you do not request the rebate prior to scheduling the 1st showing appointment, you will not be eligible for a rebate.  The purpose of this rebate program is to compensate buyers who find the property they want to purchase on their own. 

Home Tours

Buyers can search the MLS in several different formats at www.listinmls.com.   We encourage our rebate buyers to drive by properties before scheduling showing appointments and to visit open houses in communities where they are interested in purchasing.  When you have narrowed it down to a handful of properties, simply send us the addresses and we'll schedule the showings.  We usually try and limit showings to a maximum of 6 properties per day.

Making an offer

Once you find the property you would like to purchase, we will work with you to draft the offer and go over all the terms with you.  We contact the listing agent to confirm availability, inquire as to the existence of any other offers, terms the seller is considering, etc.

Offer Presentations and Negotiations

List In MLS Realty will submit the offer to the seller or sellers’ agent and negotiate the terms on your behalf.  In most counties in Florida, it’s customary for the seller to pay for title insurance and choose the title company.  In Collier County, it's customary for the buyer to pay for title insurance and choose the title company or attorney to handle the closing.

Financing

Many buyers require financing.  You are welcome to use whomever you’d like, or we can recommend some excellent lenders.  We recommend lenders based on their ability to close loans on time and give our clients exceptional service and competitive rates.  When shopping for a mortgage, be sure to request a Loan Estimate and Closing Disclosure.  These documents will disclose the interest rate, fees associated with the loan, and can be helpful when comparing one lender to another.  Once you find a lender that you are happy with, you’ll want to request a pre-approval letter.  Sellers will often request a pre-approval letter to confirm the buyer is pre-qualified to purchase their property.  For a lender to issue a pre-approval letter, they will usually require documentation from the borrower including recent pay stubs, two years of tax returns, and a thorough credit check.

Home Inspection

A home inspection is a extensive review of the property from attic to foundation and is recommended on all purchases of homes and condos.  Professional inspections typically cost around $450 depending on the type and size of the property.  We can assist you with ordering and scheduling the home inspection and will often be present during the inspection.  Most purchases are contingent on the buyers’ approval of a home inspection and allow a timeframe in which this must happen.  It’s usually 7 to 14 days from the effective date, however it is negotiable and can vary from deal to deal.  Regardless, it’s recommended to get the home inspection out of the way as soon as possible. 

Appraisal

Any purchase requiring financing will require an appraisal.  The appraisal is typically ordered by the lender and paid for by the purchaser.  Appraisals typically cost around $400. 

Homeowners' Insurance

In order for a lender to fund your loan they will require you to have homeowners' insurance.  For condo purchases your insurance will usually be covered by your condominium association and be verified by the lender prior to closing.  However, your lender may also require you to have Condo Insurance covering everything from the walls inward.  For purchases of single-family houses involving a mortgage, you’ll be required to purchase homeowners' insurance.  We can recommend insurance providers, or you are welcome to use whomever you choose.  List In MLS Realty can assist you in obtaining homeowners' insurance.

Homeowners'/Condo Associations

If the property you want to purchase is in a deed restricted community requiring mandatory inclusion in a homeowners' association or condominium association, you’ll want to be familiar with the regulations, restrictions, fees and benefits of the Association.  We will be sure you have access to HOA/condo documents for any community you are interested in.

Closing

Today, closings are often performed remotely.  Alternatively, closings can occur at a title company or attorney's office.  The title company is typically selected by the seller*, to perform the services involved with transferring the deed from the seller to the buyer.  The seller will purchase title insurance from the title company, for the buyer, to ensure that the title is free and clear of any defects.  The title company will complete a settlement statement prior closing which will detail where all the money is coming from and going to.  Prior to closing, I will review your settlement statement and be sure everything is as expected. *In Collier County, the buyer typically chooses the title company and purchases the title insurance.

Coverage Area

We are available to show property throughout Lee, Coller, Charlotte and Sarasota counties including Fort Myers, Naples, Bonita Springs, Estero, Cape Coral, Lehigh Acres, Marco Island, Sanibel Island, Captiva, Fort Myers Beach, Pine Island, Punta Gorda, Port Charlotte, Boca Grande, Venice, North Port, etc.