Discount real estate brokers provide all the usual services and expertise as any real estate agent. They specialize in offering houses, condos and other real estates for sale. When a person is selling his property, these services can help in striking a profitable bargain. The brokerage fee charged by discount real estate brokers is negotiable. The brokers take three or four percent instead of charging the standard commission of about six percent. These discount brokers may be trying to establish a clientele, which is why they are offering discounts. Be patient with them, and you might be rewarded handsomely.

For buyers and full service sellers, a discount real estate broker offers all the traditional assistance including inspections and escrow. The seller’s property is opened to buyers and real estate agents by including it in multiple listing services (MLS) – one of the most powerful marketing tools existing today to sell properties. Seller representation services also include a competitive market study of the estate, discussing the purchase and sale contract and controlling offers, escrow, title, and closing.

For buyers, the first step is to clearly outline one’s budget and decide what price range can be comfortably afforded. This decision will pre-qualify the buyer for the loan to buy a new home. A real estate broker will then begin searching for homes using MLS information. After receiving a list of homes in the price range and area that is demanded, the customer will be given options. The potential buyer makes an offer on a house,” and the seller either accepts or declines.