You can save thousands of dollars on your next real estate transaction by using hourly real estate services rather than the traditional commission based arrangement. With so many people navigating the Internet for everything from banking to baby toys, it stands to reason that they are savvy enough to locate their next home on a real estate website. Why pay a broker for something you can do yourself. Thats where hourly real estate services come in. Some brokers are now offering their services on an hourly basis, similar to the time accounting and billing practices employed by other professionals such as lawyers and accountants. With hourly real estate, the client is billed only for actual time spent; that time is broken down by billing rates corresponding to the level of service rendered. In other words, professional real estate representation by a licensed broker is billed at an hourly rate that differs from the rate charged for administrative and managerial services or the rate charged for property appraisals and inspections. That certainly makes a lot of sense, doesnt it.

By choosing hourly real estate services, you are assured of paying no more than three percent of the home selling price, regardless of actual hours spent. Agent and client sign off on the estimated number of hours needed to bring the transaction to successful conclusion. Clients must give their consent before any additional work is performed. You have at your disposal an entire real estate team, led by a licensed real estate professional, when you sign up for hourly real estate services. By utilizing experts in the various aspects of a real estate transaction in a team approach, clients are assured of a more efficient and cost effective method of delivering quality real estate services.

Should the client prefer, traditional commission based real estate services are still available. Some clients simply would rather have their agent search listings for homes that might be a good fit for them. This approach certainly makes more sense in cross country moves, when clients are unfamiliar with the different neighborhoods in their new city. These circumstances certainly lend themselves to full service real estate representation.

Clients will receive the same quality of professional representation whether they choose hourly real estate or commission based real estate services. If you are a buyer, think of hourly real estate as a discount on services or as value received for your personal knowledge of the transactional process.

Arslan writes about hourly real estate.For more information on hourly real estate see
http://www.smithadams.com
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First Post! 11/24/2009
 
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