In today’s real estate market, buyers are internet savvy. Often by the time they meet with a real estate broker, they have already narrowed their search on-line to a few homes or commercial properties which fit there needs. Thus, many services a buyer’s broker used to perform, such as searching properties for sale and narrowing the field for potential buyers, are now being completed by the buyers themselves.
In a nut shell, we are willing and able to provide a buyer’s rebate program because we are not spending as much time, energy, and expense up front helping a buyer find property. Not to mention, with a slowing economy and much competition amongst brokers, we would be lying it we did not say we also are doing it to stand apart from the pack!
A buyer’s rebate program works as such: a home sells for $300,000. The Seller typically pays a commission of 6% of the selling price, which is split between brokers representing the buyer and seller. On a $300,000 home with a 3% cut for the broker representing the buyer, the broker earns $9,000 and pays 25% of that, or $2250, as a rebate to the buyer. This amount would be credited at closing to the buyer. Visit our website at www.overlandproperty.net for more information and restrictions.
Tags: buyer closing credit, buyer credit at closing, buyer rebate
