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Today’s buyers can be easily excited at the sound of paying no closing cost or no down payment.   And with closing cost edging 2-4% of a purchase price it shouldn’t come as a surprise that no buyer wants to pay unless they have to.  When it comes to paying it isn’t a matter of whether there is closing cost.  A more important question is who is paying?  

The responsibility typically falls on one of four parties:  Buyer, seller, bank, or gift.  

Will the buyer pay?  A bulk of the closing cost (2-4%) is the responsibility of the buyer.  Did you know that buyers who pay their own closing cost have a higher chance of winning in a multiple offer situation?  

Will the seller pay?  Sellers seldom offer to pay closing cost unless doing so lead to getting more offers or higher sale prices.  If the seller pays will the increase in purchase price increase the risk that a property will not appraise?  Likewise, in a buyer’s market not offering to pay closing cost can lead to selling at a discount or no offer.    

Will the bank pay?  In 2021 Wells Fargo Bank has been known to pay upto $5000 of a buyer’s closing cost with no strings attached.   

If the bank pays, will the buyer pay back in the form of a higher interest rate or loan fee?

If the buyer pays, will the buyer have sufficent amount for down payment to qualify for a loan?

If it is a gift, will the funds be properly documented?   

No matter who pays the closing cost the money will need to come from somewhere.  AND–In many situations the closing cost can mean a difference between closing a deal, walking away, or losing out to a better offer.

Updated:  September 9, 2021

In a hot market sellers with multiple offers often assume that the offers received must be the best and highest.  In a slow market the same seller might assume that a home without offers is one caused by a laggard or unperforming real estate agent.

While both of the scenarios above may have held some truth 10 or 20 years ago when buyers were spread over town and market exposure was fragmented by newspapers, MLSes, magazines, home publications, flyers, open houses, and neighborhood word-of-mouth the fact to the matter is it is no longer the way buyers search for homes in our current “always-on” world.  Today — it no longer requires buyers to spend hours to drive around town to compare properties — it takes just a few minutes to pull up all the properties for sale on a smartphone or home computer.  Extraordinary efforts are no longer necessary to locate and find buyers because all the buyers are locked and glued to their smartphone awaiting the newest listed properties.  While each buyer might start their journey differently all will end by comparing properties on their mobile or computer screen. 

Current transformational shift in how buyers search for properties has become a key driving force behind the success of scientific home selling.  No longer will it be necessary to hunt down buyers, today’s sellers simply need to quickly identify the needs and wants of buyers in a non-intrusive way that will generate the best and highest offers.  To receive the best and highest offers sellers must be able to generate the best and highest quality buyers in the quickest possible time. 

In the absense of a system to generate and compare high quality buyers, offers can be best compared to your email spam.  With the recent onslaught of businesses and investors beating down doors with cash offers on properties, the savvy consumer will be one who understands the benefits from comparing in real-time.

According to industry publications there are currently over 2 million licensed real estate agents in the United States — Of this 1,359,208 are Realtors.   

With over 1.3 million licensed real estate agents as Realtors the primary difference among them is the number of years experience they have and how much they charge in commission.  What is often not discussed is how many have been sellng properties at a discount over the years?   

How many properties could have been sold for the same or higher price without paying commission?  

We answered these questions in 2001 while the real estate industry was still struggling with internet technology, State agency laws, and complicated industry regulation.  With over 6 million properties sold each year we estimate $110-$275 Billions could be saved by not locking consumers into a real estate commission.  The educated consumer will be able to compare all offers simultaneously whether they are from a Realtor, cash buyer, retail buyer, investor, or instituational buyers like Zillow and OpenDoor.  That’s why when you take a moment to visit the U.S. Government’s Library Of Congress Site Copyright.gov and search “scary real estate” in the Copyright registry you’ll quickly learn that the founder of NoDiscount.com had registered to protect a special report titled “We’re taking the SCARY out of real estate” under alternative titles The acronym SCARY in real estate and What are SCARY discounts in real estate?

For the frist time in the real estate industry’s 110 year history NoDiscount® has published a first publication to expose SCARY discounts that have been costing consumers 8-25% everytime they buy or  sell real estate.  This report is available free of charge when you register for a free test drive of NoDiscount.com and will open your eyes to hidden secrets that have been kept from the public for years.  We were proud to be the first in 2001 to have created a selling system to exploit these hidden discounts and helped to return them to a small group of pioneering investors and real estate brokers who took part in testing our business process.  Unfortunately, in the era of slow internet without smartphones only a few entrepreneurial minds were able to profit $20,000 – $40,000 – $50,000 – OR MORE.  

The idea of not getting locked into a real estate commission before seeing all the offers on a property was unheard of in 2001.  Due to a lack of knowledge, inexperience, and revolving door of agents entering and exiting the industry, most real estate agents ( virtually ALL ) have traditionally practiced locking consumers into a commission before even generating the first offer.  What they don’t realize is that by lockign consumers into a commission they are doing clients a disservice by limiting the number of possible offers.  One common example is when a seller is locked into a 6% commission the same seller will be less likely or unable to assist more buyers with closing cost or include other conveniences to generate multiple offers — This alone could cost sellers tens of thousands of dollars in higher offers.   Due to strict industry regulations and real estate companies with laggard business models from the 1970s — the unwary consumer who only bought or sold real estate once or twice in a lifetime was systematically forced to lose tens of thousands of dollars.   

On November 19, 2020 everything changed.  The U.S. Goverment through the U.S. Department of Justice and Federal Trade Commission helped to accelerate innovation and made possible for NoDiscount.com to debut as a solution to selling properties at a discount.   ASK your assigned agent about the SCARY REAL ESTATE report and start putting tens of  thousands of dollars back in your pocket — where they belong!  

“Let’s face it– No matter how you look at it — If you are one of the milions of Americans who will sell a home only once or twice in a lifetime….”

IT SUCKS!  AND IT SUCKS BIG TIME!!!

And there are several reasons why.  

First:  Regular real estate agents charge a lot of money and yet don’t really tell you what they are doing.  Your house becomes another “lost inventory” on the market waiting for the wrong buyers to discount.  Many agents make big promises but then lock you into a long term contract without a guarantee.  They sell you on the latest and most innovative marketing with bells and whistles to make you feel warm and fuzzy inside without understanding themselves that homes no longer require marketing to buyers.  BECAUSE BUYERS ARE ALREADY WAITING TO BUY 24 HOURS A DAY.  When these agents sell your home at a discount you LOSE.  They still WIN.

Next:  Discount real estate companies promise to save you thousands in commision and yet; they too– have no way to protect you from selling at a discount.  When they sell your home at a discount you LOSE.  You might save thousands in commission but you still LOSE when you sell at a discount. 

Then:  Instant cash buyers roam the market with cash offers at a discount.  These companies often talk down on Realtors but within 14-21 days of buying a home at a discount will list with a Realtor for tens of thousands in profit.  When you LOSE, they still WIN. 

It sucks even more:  Now there’s a new lending program that will allow a seller to buy a new home without the need to sell a current home.  The catch:  You must pay 1-2% of the new loan amount for the convenience and use their lender.    

More?  For buyers who don’t qualify to buy but want the freedom to live in the home of their choice now there’s a new program that will let them rent to own any home on the market.

At NoDiscount.com we make buying and selling a home like comparing airline tickets, hotel rooms, and restaurant deals.  Using a simple 1-page offer sellers can choose how soon they want to sell whether 1 hour, 1 day, 1 week, or 1 month and compare offers simultaneously.  Buyers love the 1-page offer because they have better things to do with their time than spend hours writing offer after offer only to receive rejection after rejection without explanation why or how they’ve lost and if their offers were even submitted.   

We believe NoDiscount® will become the non sucky way to buy and sell homes for many years to come.  

You’ve heard of websites that can give you home valuation estimates.  You’ve seen companies buy houses at a discount.  You’ve heard of discount real estate companies.  AND–You’ve seen real estate agents who charge a lot of commission and deliver discount result.  We’ve thought through the entire home selling process and are ready to bring you the next evolution of home selling.  Say “NO” to selling properties at a discount. 

Spend  a few minutes to listen to this podcast and you’ll agree that the timing is now!

Are we the Martin Luther King Jr. of the real estate industry? 

Are we the Google of real estate? 

Frankly, we didn’t procrastinate for 17 years to bring out the best real estate company in 110 years.  We studied the market and protected our business model with Copyrights and Trademarks so the big giants can’t stop us from protecting the little guys again. 

A recent article on Forbes discusses a trend that has been taking ( shocking ) the traditional Realtor industry by storm; and frankly— we don’t believe it’s such a big deal.

https://www.forbes.com/sites/johnwake/2019/09/01/the-surprising-way-real-estate-agents-are-adapting-to-ibuyers-buying-houses-directly-from-sellers/amp/

At NoDiscount.com we invented the first platform to empower buyers and sellers to compare offers using a simple 1-page offer.

The ability to compare in real-time guarantees buyers the most transparent buying experience while protecting sellers from selling to the wrong buyers.

Using a simple 1-page offer we can protect a seller from losing $20,000 to $50,000 OR MORE from selling to the wrong buyer!

Be sure to ask your agent about commission compression.  At NoDiscount.com we believe comparing commission is equally important as comparing offers on a home to identify the most profitable option. 

For nearly 110 years the real estate community and consumers have not been able to compare offers and commissions simultaneously.  Until now!  

NoDiscount.com is the “first and only” place that lets you compress all the buyers and commissions in a short period of time allowing you to compare actual cost of buying or selling in real-time. 

The simple truth is it doesn’t add up to compare commission unless all offers are presented at the same time.  That’s how NoDiscount.com can protect you from losing $20,000 to $50,000 — OR MORE! 

Powered by Forsalebyweb.com! 

When we added Crypto Currency to our 1-page offer as part of NoDiscount optimization some might have thought that we had lost it — completely!  

We believe this is just the beginning.   

https://www.fox13now.com/news/technology/utah-man-trying-to-sell-his-home-for-dogecoin

On June 5, 2018 the Federal Trade Commission, an arm of the United States Department of Justice, hosted a “What’s New in Residential Real Estate Brokerage Competition – An FTC-DOJ Workshop” to discuss concerns from varying players in the industry about the Competitive impact of nontraditional real estate fee and service models.  

http://https://www.ftc.gov/news-events/events-calendar/2018/04/whats-new-residential-real-estate-brokerage-competition-ftc-doj

Of interest to consumers should be the U.S. DOJ/FTC’s support for the Emergence and growth of nontraditional fee and service models. 

A settlement was reached and led to a final judgement on Tuesday, November 18, 2008. 

https://www.justice.gov/atr/case/us-v-national-association-realtors

A complete history of the case between United States vs. The Real Estate  Industry can be found here:

https://www.justice.gov/atr/case/us-v-national-association-realtors

Which has mandated a formal advisory from the National Association of Realtors to all Multiple Listings Services and Executives.  

https://www.nar.realtor/sites/default/files/documents/2018-07-31-NAR-Comment-Letter-Re-FTC-DOJ-Competition-in-Residential-Real-Estate.pdf

We are delighted to express our gratitude and appreciation to the National Association of Realtors and the U.S. Department of Justice for having reached a settlement to prioritize consumers interest.  A series of industry changing events since 2008 has come to an end.  

Today we launch Forsalebyweb.com as the “first and only” mobile phone real estate company in the United States.

It’s not just a cool and sexy slogan, Turn Your Smartphone Into A Real Estate Agent!® is one of our registered trademarks.  

For nearly 110 years consumers have been limited to working either with a real estate agent that charges around 6% or managing the home selling process ( and headache ) on their own.  

NoDiscount.com is revolutionizing the home selling p-r-o-c-e-s-s by placing the smart phone at the center of the real estate transaction.  Work that are traditionally repetitive, time-consuming, and require face-to-face have been systematized, passing down savings to consumers without sacrificing the quality of services expected from regular real estate professionals.  We’re bringing science and real estate together to protect consumers from losing $20,000 to $50,000 — OR MORE — each time they buy or sell.   

“And the transaction itself has become almost entirely electronic with  the advent of transaction management platforms, electronic signatures  and now, electronic notarization,” stated the National Association of Realtor. 

https://www.nar.realtor/nar-general-counsel-addresses-real-estate-competition-in-doj-ftc-workshop

Today’s 4G smartphone devices can perform up to 1 million times faster than the fastest computer that took mankind to the moon in the 1960s.  With 5G right around the corner, homeselling is about to be 600x faster in the next couple years.  When science meets the right technology, everything changes.  And that’s what we intend to do to transform the previously and headache-filled home buying and sellign process into a fast and easy activity using your smartphone.  

The future of homeselling is here!  Brought to you by Forsalebyweb.com.