Category: Uncategorized

Institutional home buyer OPENDOOR has been hit with a $62 million fine for cheating and lying to consumers about cost and savings by not selling homes on the open market.

“Opendoor promised to revolutionize the real estate market but built its business using old-fashioned deception about how much consumers could earn from selling their homes on the platform,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. “There is nothing innovative about cheating consumers.”

Thousands of consumers have been lured by the promise of no headache home selling without understanding the risks and true cost of selling without open market offers.

The bottom line is an OpenDoor offer should be treated as simply another offer.

https://www.ftc.gov/news-events/news/press-releases/2022/08/ftc-takes-action-stop-online-home-buying-firm-opendoor-labs-inc-cheating-potential-sellers

Instead of the usual 1-7% real estate commission without a guarantee, try Pay Per Offer.

In the founding days of One Minute Home Selling we wanted to focus on creating a most efficient way to generate offers for properties. We didn’t want real estate commission to get in the way of profit. It didn’t matter whether our users were paying 10% commission or zero what they really wanted was the most profit from the sale of a property.

It was a difficult task — and difficult conversation — to determine whether paying commission could produce better result than going for sale by owner. As debates between hiring Realtors vs. Selling by owner raged on the internet it became evident that it was only a matter of time when offers including commissions could be compared in real-time.

Here we are in 2022! Now you can compare offers side-by-side and pay per offer received.

This has been the greatest innovation for the industry since the birth of the multiple listings service ( mls ) almost 90 years ago.

In hot markets across the United States the status quo presumption is that the highest offer will win in a bidding war.  However many agents and their buyers find themselves frustrated, heartbroken, exhausted, and sometimes stuck between buying a home they don’t fully “feel home,” losing out on a new job, living far from family, even worse facing the dread of having to renew a lease on an apartment they’ve been dreaming of saying “good bye.” 

Many buyers start out on a home searching journey with hope, optimism, dreams, and a sense of control over what , when, and where they want to call home.  They’ve searched Realtor.com, Zillow, Trulia, Redfin, and every real estate website out there to make sure that they haven’t missed out on their dream home.  Their mobile phone is charged and always on so that they can be the first to book the next new listing to hit the market.  Unfortunately, after losing out on several homes that they want the reality begins to hit hard that there’s a possibility that their dream home will simply be a regular home.  It is this fear of losing out on a property or simply losing out to someone else that prompts buyers to become guerilla buyers. 

What are guerilla buyers? 

Well — A typical guerilla buyer often begins his journey like this.  Agent A lists a property on the market.  Guerilla buyer receives alert that a new listing has just hit the market.  Without even calling a real estate agent, the guerilla buyer is in his car enroute to see the listing.  He then emails or texts his agent to book a showing.  Within a couple hours of receiving confirmation of the booking, he receives another alert that the newly-found listing had received multiple offers.  Guerilla buyer rushes to tour the property only to find a second email or text alert that the Seller had instructed the listing agent for a “Highest & Best” offer with a deadline..  

Within minutes of receiving the message Guerilla buyer instructs his agent to perform due diligence on the lowest price the seller might accept.   The buyer’s agent is often left with few options that might include reaching out to the listing agent with several probing questions like:

“How has traffic been for property ABC?”

“Do you have any offers on hand?”

“Would the seller consider a contigent offer?  Just trying not to waste everyone’s time, if not.”

What can my clients do to make their offers stand out?

Would you consider an offer of $279,000? 

“I just have a quick question about property ABC, can you givec me a call me back” 

“When will you present the offer to the seller?”

“Is there a closing date that would stand out for your seller?

“Is there anything you can legally share with me that would important for your seller?”

Such questions to a listing agent are often responded with “My seller is looking for the highest and best offer.” 

If the seller had received a great number of offers on the table, he will have to first compare them and then attempt to negotiate individually with each potential buyer (or at least the top offers). This requires a lot of back and forth and emotional toll on all sides, as they counter offer, wait, and possibly receive a counter offer from the buyer. And they’ll have to do that multiple times.  However– the seller and their agent might choose an easier option. They might send out a call for the “highest and best offer.” This usually comes with a deadline so to create urgency for committment.  .

When you hear this from a seller, they’re essentially letting buyers know they have received multiple good offers. And instead of wanting to negotiate with each buyer, the seller wants to streamline the process. They only want the best offer, no negotiating and no counter offer.

Once the deadline passes, they’ll evaluate all the offers they’ve received and choose one. 

What are sellers looking for in a “highest and best” offer?”

“Highest and best” means that the seller has multiple offers and feels s/he doesn’t have the time or desire  to haggle back and forth or go through hundreds of pages of offers to find the golden offer.  Instead he wants to get a final best offer from each buyer,  But a highest and best offer doesn’t often mean the highest offer  When you’re putting together a highest and best offer, it’s important to remember sellers aren’t just going to look at the amount of money you’re offering.  While important — money is only one motimvational factor.  Sellers will look at your entire offer as a whole package.  Sellers will look at everything ncluding what we call SCARY fees.  They’ll weigh everything from Selling commission, closing cost and date, assistance to buyers, repair cost, and yo-yo cost.   These cost can add up to 15-30% discount on the price of a property.  

Consider these examples:

• $353,000 with $10,000 earnest money, bank financing, 5 day inspection, contingent on buyer selling his home, 60 days to close.
• $340,000 with $35,000 earnest money, with bank financing, no inspection, no contingency, closing anytime, appraisal guarantee up to $10,000. 
• $315,000 with $7500 earnest money, with bank fnancnig, no inspection, no contingency, close in 30 days.
• $290,000. all cash with no inspection, no contingency, close in 10 days.

Which one the seller picks will depend on their goals and their urgency to reach those goals. Understanding the “triggers” that motivate sellers can help you put together an offer that will appeal to them and get you the dream home you want.  

How to not lose in “Highest and Best Offer” Situations

If you are a guerilla buyer committed to placing the winning offer, you’ll have to go all-out to ensure your offer is the most atractive and not lose.  Here are some strategies to help you minimize your chances of losing out on the next round of competitive bidding. 

Offer More Money  — Money talks and the higher your offer is from the rest of the pack the higher the probability that you will win.  However — be mindful that if the offer is too high the property might not appraise which could lead to a bank denial.  If you will be offering a significantly higher offer include an appraisal guarantee.  An appraisal guarantee essentially means the seller is assured that in the event the property fails to appraise the buyer will pay$XXXXX over the appraised amount out of pocket.  Caveat Emptor —  you don’t want to get caught up in bidding that your offer will be more than you can afford. 

Increase the earnest — the earnest is like a guarantee that the buyer makes to the seller ascertaining the buyer is fully committed to closing.  In the event the buyer changes his mind the seller gets to keep a partial or entire earnest money.  Given similar offers and terms, the earnest is often the deal breaker for buyers; in particular, first-time homebuyers who may not be fully prepared and properly educated by their agents before entering into a competitive bidding.   .        . 

Pay in Cash — it’s not unsual to hear of buyers with liquid cash or have rich relatives who can help buy with cash.  After the property closes the buyer can refinance the house into his name.  A cash offer is compelling to sellers because they don’t have to wait for a loan to be approved and all of the paperwork that comes with a loan. It is worth noting that all offers are technically cash offers on the closing day whether they are bank financed or wired out of a buyer’s personal bank account.  A geniune cash offer typically means a purchase offer with a quick closing, ii.e, 24 hours, 7 days or less than 10 days.  It would not make sense for a seller to wait 60-75 days for a cash offer when a customary bank financed offer can close in 30 days.  Flexible sellers may not see the same advantage of a cash offer as someone in need of immediate cash.        

Get Pre-Approved — in a slowing market where there are few offers the listing agent or seller may offer a courtesy call to remind buyers to include a bank preapproval letter.  In a hot market the seller or his agent may not have the time or desire to request one.  ALWAYS INCLUDE A PREAPPROVAL LETTER.  

When possible, add an Escalation Clause  — if you want to be sure your offer is for the highest dollar amount on the table without overpaying, the escalation clause might do the job.  An escalation clause offers to net the seller $xxx over the highest bid or another amount.  — up to a specified maximum price.  This is often followed by a requirement that proof of a higher offer is provided.    For example,if there is a bid higher than yours, you’ll increase your bid in increments of $1,000 above the highest bid, up to $450,000.  

Relax on the Contingencies:

Contingencies and concessions are clauses in a contract that will allow you to back out of a sale if the contingency or demand isn’t met.  Some contigencies can be written to include or forfeit the earnest money.  Common contingencies include:

• Home Inspection:  The house must pass inspection.  Be careful here — Every preconstructed homes has imperfections and sellers might not want to entertain an offer that could take their property off the market.  Sellers know — AND THEIR AGENTS WILL REMNID THEM — that when a property is put back on the market after an inspection it loses a significant number of buyers.  Sellers are also aware — AND THEIR AGENTS WILL REMIND THEM — that home inspections are regularly used as a negotiation opportunity to discount price.     
• Financing Contingency:  a bank loan is customarily accepted but don’t get too creative that the offer becomes SCARY to the sellers.  Sellers are not going to take the chance that your Rich Uncle will write a check for earnest money or that you are waiting for an insurance settlement to pay off the house. 
• Appraisal Contingency:  the house must appraise for at least the offer amount.  What if it doesn’t?  The appraisal contingency could find a difficult day to win over an appraisal guarantee.  
• Home Sale Contingency: you house must sell before you close on this one.  This carries a relatively high risk in a hot moving market for sellers because what if something comes along to cancel the sale of your house?  

Seller Concessions/Contributions

• Seller financing — asking a seller to carry a note or wait for his money is call owner financnig.  In slow markets this may be the only way for sellers to sell a property.  In hot markets sellers are less likely to entertain such offers.   .  
• Seller Contribution:  closing cost assistance is important for first-time buyers and buyers without sufficient down payment requirement.  Asking a seller to help pay for 2-6% closing cost is the same as asking him to discount his house for 2-6%.  Since the builk of closing cost is charged to the buyers, sellers will expect a higher price.    
• Home Warranty:  before you demand a home warranty from a seller be sure the other offers are not waiving inspections.  A scenario that can compell a seller to include a home warranty is a property that has languished on the market without a buyer with an unmotivated seller or one that is financially trapped from selling at less than full price.  In this situation a home waranty in exchange for a full price could prove to be successful.       

Closing Date

Even if you offerred the highest price you could still lose out on the closing date.  Some sellers prefer a quick close, and others prefer a longer closing as they, too, must purchase a replacement home.  Perhaps they want to wait to finish a school year or meet a new job start date.

Buyer Agent Commission:

Who is paying the buyer agent commission?  While it is customary for the seller or listing agent to pay the buyer’s agent commission, increasing number of buyers are choosing to pay for their own agent. This nets a higher amount to the seller and motivates sellers to consider their bottom line. .  

Avoid Sunset Clauses

A Sunset clause typically allows the buyer to exit a contract with a deadline.  Few sellers prefer these clauses unless the price and terms are clearly and significantly superior in almost every way.  A high cash offer comes to mind.  .   

A Personal Letter

In tightly competitive markets a personal letter could be your secret weapon to win the hearts and minds of sellers.  Remember sellers are humans too and they understand and prefer someone who will carry-on the torch of a place they call home.  Put your letter writing skills to the test and connect emotionally with the sellers.  Point out things you might have in common to deepen your connection.  However, be very cautious about what you include in the letter so as not to violate the Federal Fair Housing Act.  Consult with your agent or attorney before writing a personal letter and be mnidful about mentioning whether you belong to a protected class (i.e. race, color, religion, national origin, sex, familial status, disability, affordability, etc..”). 

Keep in mind that a seller may counter at any point in the negotiation process.  While it is entirely possible to request the listing agent or seller for additional consideration after submitting a highest and best offer, chances are highly experienced agents will advise their clients that highest and best should mean just that.  Highest & Best.

Until next time!

Homeselling AI, Copyright 2022-2023

NoDiscount.com was created out of a desire to find a scientific solution to one simple question:  Why take chances selling at a discount with only one or two offers?  Why limit a property to offers from only Realtors or For Sale By Owners?  Throughout this site you will be referenced to the term One Special Word.  It is the acronym PROCESS which is recorded at the U.S. Copyright Office.  Each letter in the PROCESS describes a sequence of moving parts that  enables the technology to aggregate offers from every direction:  

PRICING

RESPONSE

OFFERS

CONVERSON

ESCALATION

SAFETY

SYSTEMATIZE

You see– Most sellers will sell a home fewer than two times in a lifetime.  When you consider a majority will sell using outdated books, real estate agents, and techniques that are complicated, costly, and SLOW they will have missed out on valuable offers and in some cases all offers resulting in selling at significant discounts.

By executing and repeating the One Special Word throughout the home selling process you are guaranteed more offers, higher offers, and faster offers.   Every aspect of the NoDiscount.com site has been designed to execute the PROCESS 24/7/365.  It’s like having the #1 agent working for you all the time. 

One of the most common misunderstandings in real estate, mortgage, and the settlement business is the topic of incentives, gifts, discounts, and freebies.  Can you use incentives, gifts, discounts, or freebies to induce or improve the chance of a sale?  

In recent years the Federal Government has been cracking down on one-stop shop incentives and kickbacks for real estate, mortgage, and settlement services providers.  A typical violation involves a scenario where company A offers company B a gift, cash, discount, or other non-bonofide deal to refer business to company B but charges a higher price to Company C, D, E, F, etc..  Clearly this is a restraint on competition and takes away the integrity of a fair market competition.  

Non-bona-fide means the discounts, freebies, incentives, or other financial benefits come with strings attached.  A typical example includes a company A pays company B to receive a client lead whereby company B passes down a higher fee to said client.  The Real Estate Settlement and Protection Act ( RESPA ) was passed in the 1970s to protect consumers from unscrupulous real estate, mortgage, and settlement service providers from colluding or creating schemes that overcharge consumers.  Thus appears to be a lot of fragmented responses on the web regarding this issue both correct and incorrect.  The obfuscation created by many half-experts can position what is a fantastic, permissible, and engenuis promotion into one ripe with uncertainty and suspicion. 

So let’s hear it straight from the regulator’s mouth: 

Real estate settlement act from consumer financial protection board.

In summation:  Unless an individual is paying or receiving discounts or financial benefits for a referral there doesn’t appear to be a violation of Federal law.  State laws; however, can place special limitations on gifts, discounts, freebies, cash and other inducements to parties in a transaction.  A few states allow only licensed individuals to receive or give cash, benefits, or freebies.  

A well informed real estate agent can help to set the expectation and turn what appears to be non-permissable into a great marketing idea.  

Reference: 

Realtor Respa incentives, discounts, freebies

Not all loans violate respa

Hud Violates Respa

Respa For Dummies

General Instructions For Offer Submission

At Homeselling AI it takes only a minute to submit an offer summary. After submission you will receive immediate confirmation via email.  To submit an offer summary simply fill out the form as follows:

Property Address: If you arrived via an MLS link or from one of the large real estate portals the property address may have been pre-filled for you. Otherwise type the house #, street name, city, state, and zip code.

Listing #:  If you arrived via an MLS link or from one of the large real estate portals the Listing# may have been pre-filled. Otherwise type in the listing #.   

Listing Price: If the listing price isn’t already pre-filled simply type in the listing price of the property.         

Offer Price:  Type the offer price using only numbers without commas, decimals, or $ signs.   For example, to enter $500,000 type 500000

Earnest Money:  Type the earnest money amount.   Enter only numbers without characters, ie, no commas, $$, /, -, etc..   For example, to enter $5000 type 5000

Closing Date:   Use the calendar to select the month, day, and year of the closing date. If there is a condition or explanation regarding the closing date select SEE COMMENT. 

Buyer Taking Possession:  If the buyer will be taking possession of the property immediately after closing select YES. If NO, explain.

Discount Amount: The discount amount should have been pre-filled for you. The offer form will automatically calculate and display the difference between the offer price and the listing price.

Seller paying additional buyer agent commission: Select NO if the seller will not be paying any money towards the buyer agent commission. Select YES and enter the additional commission amount that the seller will be paying. Be sure to enter only numbers without $ signs, comma, or decimal. If paying the buyer’s agent commission is the responsibility of the listing agent select NO since the seller will not be paying. For example listing agents customarily offer a commission to the buyer’s agent for bringing buyers. If this is the case select NO.

Closing Cost: Will seller be paying any part of the buyer’s closing cost? Select NO or Select YES and enter the amount needed.

Down payment Assistance: Will seller be helping buyer to meet down payment requirement? Select NO or YES and enter the amount needed.

Additional Assistance: Select NO or Select YES and explain how much is needed. An example of additional assistance could be a rental truck for moving, new paint job, paint holes, windows, carpets, doors, or even a second mortgage. Be sure to explain in detail.

Repairs If the seller will be paying for any repairs whether before or after the inspection select YES and explain in detail and amount needed.

Replacing item or material as a sale contingency: Select NO or Select YES and explain the amount needed.

Anything Else? If there will be other expenses not already included above enter YES and explain the amount needed.

Buyer Requiring Inspection? If buyer will be waiving the inspection select NO. Select YES if buyer will be requiring inspection and enter the total number of days needed to complete the inspection. Enter numbers only. For example if buyers will require 4 days to complete inspection type the number 4.

Paying All CASH: If buyer will be paying all cash to purchase the property, select YES. If NO you may UPLOAD a bank/lender pre-approval letter. Uploading a bank or buyer letter with your offer summary will strengthen your chance of winning.

Loan Amount: Enter the total amount of the purchase that will be in loan. For example if the buyer will be paying 20% down on a $100,000 property the loan amount will be $20,000. Enter 20000. Do not enter $, comma, percentage sign ( % ), or decimals. ENTER ONLY NUMBERS and DO NOT SPELL OUT THE LOAN AMOUNT.

Down payment:  Type down payment amount that will be required by the bank.  If there is no down payment required leave blank or type the number 0 ( zero ). Remember do not type characters, commas, decimals, $$, %, /, -, etc..   For example, to enter $500,000 type 500000 

Other financing:   If you will be requesting or offering other types of financing select one of the options. Select NONE if no additional financing is needed. Otherwise select Contract For Deed, Lease To Own, Trust, Option To Purchase, or See Comment Below to make a special request or provide detail explanation.

Sale contingent on sale of property:  Select Yes or NO.   If a bank will be requiring you to sell your existing property before you can purchase this property you must select YES.      

Current Year Property Tax:  Select Seller Pay All, Buyer Pay All, Buyer/Seller Pro Rate, or See Comment Below to provide explanation.

Additional Info/Comment:  This is where you will explain any uncommon, extraordinary, or special consideration in detail, ie.,

Notify me of higher offers:  Check this box to be notified by text or email in the event of a multiple offer AND when there is a higher competing offer. If you do not check this box, you will not be notified. 

Review/Submit Be sure to select Review and confirm that the price and terms of your offer are correct. Make sure the numbers and comments are as intended.  Your offer summary is not final.  If your offer is selected the terms and conditions are subject to further negotiation.  If you have questions please contact the listing agent.

When many think about writing offers the visual isn’t often friendly.  That’s because real estate offers are often written at the last minute or with little advance notice to the parties, ie.. the buyer, seller, or agent.  With working schedule, language barrier, mobility, and transportion issues adding to the obfuscation it’s simple to see why the real estate offer process is one without transparency, accountability, or speed.  And yet for millions of real estate professionals the offer process has become an excercise for creating value. 

However we ask:  How can value be created when the cause of 80-90% of problems in the real estate transaction including loss of offers, discounted offers, missing offers, miscommunication, lost communication, emotional and situational conflicts occur while agents are communicating the offers?  In other words the agents are often a component in a series of activities, questions, and conflict leading to most problems.              

Typical scenarios might go as follow:

An offer deadline is 4:00PM today and buyer is scheduled to see at 2:30PM.  Agent must complete showing, provide disclosures, and assist the client in writing a 20-50 page offer in 15-30 minutes.  Following the initial offer the agent may be required to draft amendments, addendums, and other disclosures.  Would it be reasonable to expect any agent to provide optimal service in 15-30 minutes?    

It’s 10PM on Friday and buyer is ready to make an offer.  Unfortunately seller is traveling and thus is unable to entertain any offer until Monday.  How can buyer know which offers he will be competing with?     

Seller has received 15 offers and must comb through every single page one by one, making sure not to miss out on any detail.  How many times have you read a purchase agreement from start to finish?    

The real estate agent says there are multiple offers but there’s no physical evidence of the other offers.  How does one know?   

There’s a multiple offer scenario and everyone is in panic.  The buyer is excited and seller is going by what the agent is telling him/her.  Due to the accelerated nature of multiple offers, there’s no way of knowing exactly what the terms of other offers might be.   All parties must make decision based on blind offers and blind facts.  If the buyer doesn’t know what all the competing offers are and seller doesn’t know what all the potential buyer wants and needs are; how could the best market offer be reached?      

In situations involving foreign buyers or buyers without access to email, transportation, or physical mobility the issue of multiple offers and offers in general magnifies and are ripe with hidden traps with many buyers regularly losing out on properties due to blind offers.     

Finally, after all the excitement and “time wasted” only one of the many offers received will be accepted.  

It’s easy to see how milions of offers being rejected and hundreds of millions of pages getting tossed without transparency is a serious concern in the real estate industry.  And yet,  until now — there’s no accountability or desire to improve.  

NoDiscount.com is proud to bring the most efficient offer making solution to the industry.  

Each year hundreds of thousands of motivated and highly-inspired individuals across America and throughout the world choose to become licensed real estate agents for legitimate reasons:  HIGH PROFIT FOR LITTLE WORK.  Over the years millions have invested thousands of dollars each in education, membership dues, tools, and communication expenses to compete for clients.  However unbeknownst to many the agent attrition rate continues to climb 70-80% each and every year.  What this translates into is that most consumers will place trust in real estate agents who will not be around in 1-2 years due to extraordinarily high competition.   

The 20% agents who survive the two year period are well-known and trusted by communities.  Unfortunately they are entangled in a system that is s-l-o-w and costly.  The cycle will never end until consumers make better choices.      

In his book HOW TO BUY OR SELL YOUR HOME IN 1 MINUTE Founder/Broker Kosol Sek explains why the industry has been hungry for change but systemic contraints, whether directly or indirectly, continue to stifile innovation to benefit consumers.   

One of the main constraints is that almost all real estate agents operate as independent contractors.  This means brokers may not require agents on how and when to conduct business.  And to maintain distance from anti-trust ( break federal and state laws ) scenarios real estate companies are prohibited from discussing or requiring how much commission agents charge.  

So what is the one piece of fact that all real estate agents already know? 

Despite routine excersises by high profile agents to promote figurative values using open houses, online tools, expensive billboards, bus benches, and neighborhood mailings the real value is in the indisputable fact that 80-90% of buyers are exposed to properties in the first 12 days.  This statistic has been around for nearly 20 years and continues to drop with increasing smartphone adoption.  While the trend should be central to industry innovation, billions are invested and lost in high cost tools to prolong the slow and costly ways of selling real estate. 

A quick search on Google or any search engine for “real estate lead generation” provides empirical evidence that real estate agents are being sold facebook and social media tools to make clients think they are working hard.  There is no focus on helping agents to sell properties faster and cheaper to benefit consumers but rather to continue the currently high cost and slow real estate business.      

In recent months the hesitation by industry titans to change has invited disruptors to enter the market with billion dollar innovations that do not benefit consumers.  One such innovation, the instant iBuyers, singularly promises to remove the home selling headache and frustration by selling to them at a discount.  The promise is a quick sale and flexible closing date in exchange for a discount off estimated market values. 

What they do not disclose is that millions of real estate agents know that home selling today doesn’t require weeks or months like they did 5-20 years ago.  A well-listed property can receive the maximum offers in just 12 days.   In fact a quick search of public records of properties sold to instant cash buyers show closing dates to average 21-45 days whereas to retail buyers 21-60 days.  The marginal difference between selling to an instant buyer at a discount in 7 days vs. comparing the full market offers in 12 days is miniscule that consumers have been sold a litterally “non-existent” fear that cost $10,000 to $50,000 — OR MORE.

Between the traditionally hesitant real estate companies and today’s tech-heavy “new ideas” not much have changed.  

For nearly 17 years we’ve been perfecting a system to create demands for properties by focusing on the initial 12 days.  The internet accelerated our efforts by automagically compressing buyers in just days.  While millions of real estate agents already know this the systemic nature of the business makes it nearly impossible for them to fix.  Because the current independent contractor nature of a centralized business model ( where every agent offers the same ) keeps everything s-l-o-w and costly.  

To innovate would require each of the millions of agents to simultaneously invest tens of thousands to implement new ways to benefit consumers.  This is likely never to happen since many enterred the business on the lure of high profit with little work.        

NoDiscount® is proud to recognize the 12-day aspect of home selling and dedicate our innovations to delivering more offers, higher offers, and faster offers during the initial days on market.

According to the finance site Bankrate.com the average American owes $92,727 in various kinds of debt ranging from credit cards, student loan, car loan, and other personal debts.  

Average American Debt | Bankrate

Imagine what you could do with debt if you could put an extra $10,000 to $50,000, OR MORE in your pocket when you buy or sell a home?  

In fact that’s why we created NoDiscount.com.  When you are not throwing away thousands of dollars of your hard-earned money you can put it back in your pocket to reduce debt.     

The Founder of NoDiscount.com never intended to become a licensed real estate agent.  Having run a highly successful internet website in the early 2000s Mr. Sek amassed over 300,000 subscribers to his site AmazingSecrets.com.  Before Youtube and today’s social media, it was the destination for learning insiders tips, secrets, and insiders information.   He discovered that 90% of the tips and secrets were related to real estate and home selling.  From there the concept for NoDiscount® was developed, incubated, and refined over the years.   

We didn’t start out as a real estate company, we started out wanting to empower you so that you can put $10,000 to $50,000, MOR MORE back in your bank.