If you are in the midst of buying or selling a home, you may find that you have no need for the entire range of services offered by your broker. Yet, your broker still receives the same compensation as if he had held your hand during the entire transaction. Why not look into a la carte real estate services instead. A la carte real estate services allow you to pay for only the services you use during your buy or sell. Having that choice can save you a great deal of money that would be better used toward transactional closing costs.
Fees are determined by the service plan. Sellers have a few options. A la carte real estate services offer full service listings for a fraction of the real estate commission you would pay a traditional broker. If you offer your home for sale on the Multiple Listing Service (MLS) as part of your a la carte arrangement, you will enjoy access to all the benefits of a traditional MLS listing but will also be liable for the full buyer broker commission. However, total commission costs will still be thousands less than with a standard representation arrangement. (Be aware that a la carte real estate services are available only for traditional buy and sell transactions; short sales and lender negotiated transactions are ineligible.)
A la carte real estate services work best when the buyer is also operating without a broker. For a flat fee you, as seller, will receive help in negotiating and putting the purchase and sale agreement together, follow up on buyer mortgage qualification, deliver necessary disclosures to the buyer, open escrow, coordinate inspections and offer advice on repair requests. You can also request hourly consulting services, if you prefer.
Buyers also benefit from a la carte real estate services. Believe it or not, you, as buyer, may even be eligible to receive 25 percent of the buying broker commission back at closing, provided you enter into a minimum 30 day agreement with the a la carte real estate agency. This agreement entitles you to broker services in locating potential homes, a market analysis to determine the best offer price, assistance with contract negotiations, help in securing the most suitable mortgage and representation of your interests at the final property walk through prior to closing.
Why not look into a la carte real estate services the next time you are in the market, particularly if you are selling. A nontraditional approach to your transaction could yield you thousands of dollars in savings.

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by: sarawilliams
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