Tag Archives: real estate agents

Where to find good real estate agents and lenders?

This topic comes up often and many often turn to sites like Yelp, Angie’s List or through personal referrals. The answer is all of the above and interview/negotiate with everyone. The advertised rebating realtor may not be able match the savings incentives from a competing “traditionally advertised” realtor. As with any industry, service is key and the more overhead the less likely there will be room for movement. Reach out to qualified, smaller scale, independent realtors and you’ll likely see more savings incentives.

The same goes for lenders as the bigger the name, oftentimes the bigger the hassle.

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Ready for the Spring and Summer Buying Season?

As we near the end of February, buyers and sellers are clamoring to finalize their taxes, update their lender pre-approvals and researching school data in preparation for their search. Have you updated your financials to accurately assess whether buying a home makes sense for you?

Many buyers lose sight of the fact that while there is a quality of life aspect to your purchase, it ultimately comes down to a numbers game. Don’t bite off more than you can chew and make sure the return rates make sense for you.

“A small nut (overhead), equals a big life.”

Happy Hunting buyers!

In which cities are real estate commission rebates becoming the norm?

A number of clients have asked us in which areas do you see a rise of commission rebate real estate agents (say that 10x fast) and while you may think this is a new phenomena, it’s actually existed under the radar for many years. Now, agents are incorporating this historically friends and family discount directly into their business model and oftentimes their business names.

Knowledge is always power so in the past, an online, easily accessible (from a UX standpoint) directory of listings didn’t exist so agents controlled what properties were available for sale. Unless there was a huge sign in front of house, most buyers wouldn’t have the slightest idea.

Now, to go back to the original topic, the simplest answer are cities in which there are high property values, low inventory, job growth, specifically in technology/innovation, high concentration of college graduates and modern real estate development projects.Chances are if the homes are being marketed heavily online by developers and agents, savvy buyers in the area are going into the home buying process with knowledge of commission rebates.

Now, the question of whether going with a discount or rebating realtor with that discount in the name is a good idea is a different story, which we’ll tackle next time.

Thoughts? Email us at savings@rebagents.com

*Ask about our 60-40-20 Incentive*

Commission Rebates based on time savings

Commission rebates proportionate to time saved

60-40-20

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. 

The 60-40-20

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 commissionrebates@gmail.com.

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.

Save us time, we’ll save you money!

For savvy real estate buyers and sellers, leveraging your real estate’s time savings for commission rebates is not only smart, but a must in today’s modern market. Why not offset some or all of your closing costs by attending open houses on your own and conducting your own market analysis?

Thoughts? Email us at savings@rebagents.com

*Ask about our 60-40-20 Incentive*