I just had a discussion with a rebating real estate agent (rebating realtor) colleague of mine and we discussed a new model that he’s been implementing that has saved his clients a lot of time and money.
Firstly, the most important thing for any buyer is to pre-approved by a lender to see what loan amount they qualify for. And at that point, always respond with yes if anyone asks if you are working with a realtor. We can’t emphasize how important that is as our goal is to save time and money.
Now to the model.
Buyers receive a 60% commission rebate if an offer is accepted within the first week
Buyers receive a 40% commission rebate if an offer is accepted within the first month
Buyers receive a 20% commission rebate regardless of time
Pretty interesting and appealing isn’t it?
For more information about participating real estate agents, send us a note at firstname.lastname@example.org.
With firms like redfin.com and upstarts like rebagents.com disrupting traditional real estate prices, it’s your duty as a buyer or seller to do your due diligence and explore all the time (which translates to money) savings you can benefit from.