A typical seller offers a
commission of 2.5 to 3% of the home’s sales price to the
buyer’s agent. If we represent you, and if the purchase
price of your home is $480,000 or more, we’ll limit our
commission to as little as 1.25% and credit the balance of our commission back to you at
close of escrow.
For example, suppose a seller is
offering a 2.5% cooperating broker commission, and you want
to make a $600,000 offer on a home. If you make the offer
through us and the deal goes through, then we’ll credit 1.25%
of the sales price--or $7,500--back to you at close of
escrow.
Here are some examples of how much you
could save:
Purchase price |
Buyer's agent's
commission
|
Cash
back to you
|
$500,000 |
2.5%
or $12,500 |
1.25% or $6,250 |
$500,000 |
3% or
$15,000 |
1.75% or $8,750 |
$800,000 |
2.5%
or $20,000 |
1.25% or $10,000 |
$800,000 |
3% or
$24,000 |
1.75% or $14,000 |
$1,200,000 |
2.5%
or $30,000 |
1.25% or $15,000 |
Our
commission is 1.25% for buyers who ask us to show
them no more than ten homes, and who make offers
through us on no more than six different homes.
If you wish to have us unlock more than ten homes, we'll do
so for an additional $50 per home, and we'll write
additional offers beyond the included six for just $200 per home.
These surcharges are deducted from your rebate, and
are payable only if you end up buying a home with
our help.
Click here to see what the US Department of
Justice says about Buyer Rebates. |
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How you use your credit will depend upon your lender's
policies. Many buyers are able to use their cash
credits for closing costs or to reduce the
purchase price of their homes. Some are
able to use the
money to furnish or landscape their new home.
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How can we do it for so much
less?
Traditional
buyers' agents charge more because
many of their clients insist on
seeing dozens of homes before making
a decision. Our clients are usually
web-savvy homebuyers who have a good
idea of what
they want.
With median homes
prices running about $600,000 in
California, a traditional buyer's
agent normally collects about
$15,000 to $18,000 per sale.
It isn't hard for us to charge less
than that and still provide quality
services.
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