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  by Steven Mattos

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Save big money by not using real estate agents to buy your home (what the realtor's don't want you to know can save you big bucks!) Private investors are the secret.

Buying real estate is a complex process, with lots of 'nickel and dime' fees. But what is the biggest fee that is actually REDUCEABLE, 97% of us don't even question it?

You got it: The real estate agent's commission. What I'm going to share with you is what every agent doesn't want you to know. It won't make me popular with agents, buy hey - this is YOUR wealth at stake.

It's an amazingly ignored fact, but true: Real estate agent fees are negotiable. In my area of California, it's typical that real estate agents take 6% of the sale price! And honestly folks, there are many great real estate agents out there. Some of my best friends, and two of my family members are agents. BUT…do they really deserve 6%? I think not!

Think about it. When I bought my first property, I plunked down $225,000. The agents walked away with $13,500! Just for looking on a computer to pull up why I told them I wanted, and driving me around to look at a few homes.

Don't get me wrong - agents can provide an invaluable service, especially in competitive bid situations or complex real estate deals (which often an attorney will be involved with - and can be hired separately). The typical home purchaser, or seller, may not need these services.

Today is different. The multiple listing service (know as MLS listings) is commonly available on the web. There are web sites that search for exactly what you want! Need 2000 square feet? 3 bedrooms, 2 baths? A certain zip code for a residence? No problem. A few keystrokes and your list of dream homes is there on your computer, with pictures! (see resources below).
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