Industry News

Washington consumers get more discount real estate options

BuySide Realty expands to sixth state

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Online real estate buyers' service BuySide Realty has expanded its national footprint to Washington, marking the sixth state for the company that launched a little over a year ago. Joseph and Avi Fox, brothers who paved the way for online stock brokerages in the late 1990s, in April started BuySide Realty, which gives home buyers access to property listings, licensed real estate agents and technology used to make and manage offers via the Internet, among other things. The company gives back 75 percent of the buyer agent's commission to buyers who close on a home using the BuySide service. In addition to Washington, the company offers buy-side services in Virginia, Georgia, California, Florida and Illinois. BuySide says it has rebated "millions of dollars" to home buyers with an average rebate of over $11,000. BuySide also recently launched a sister company, Iggys House, which offers home sellers a free listing in the MLS, a free Web ad at IggysHouse.com and free display at Realtor.com...