Buyer Rebate Breakdown
Our typical buyer rebate of up to 1/3% our total commission assist Home Buyers by reducing their monetary output on home purchases. Even though we share our commission on your purchase, we offer you full-service and experience, meaning, we will guide you through each step of the home buying process.
With the wealth of available property information, many buyers use the internet to search for a home and visit open houses. We will feel that this is a benefit to us because you become knowledgeable about your options and your search becomes more refined. Being a self-starter, and by doing a lot of the "leg work" yourself, we take pleasure in compensating you accordingly on your purchase transaction.
Here's how it works
Commissions are paid by the seller from the proceeds of their sale. Traditional broker
commissions are usually between 5% - 6% of the home's price and are always pre-determined between the seller
and their broker in their listing agreement/contract.
This amount is split between the seller's broker and the broker for the buyer. During escrow, you will receive
a credit equal to 1/3 of the total commission paid to the Buyers' Agent (minimum commission $5,000). The table below shows your potential savings:
Purchase Price Rebate
| Purchase Price |
Your Rebate |
| $400,000 |
$3,330-$4,000 |
| $600,000 |
$5,000-$6,000 |
| $800,000 |
$6,660-$8,000 |
| $1,000,000 |
$8,325-$10,000 |
Allocation of Buyer Rebate
You can usually apply your refund to closing costs, and get the rest as a check within ten days of closing.
This greatly reduces your out of pocket expenses at closing. The refund is tax-free. If you're using an FHA or VA loan, your lender's requirements may not allow you to
receive a check from us for the portion of your refund amount not applied to closing costs . Make sure you inquire with them about their policy up-front so you will know how your refund can be allocated.
You cannot use your refund as part of your down payment.
