3 ms·
I found the house we live in now on my own, toured it at an open house, and once I decided I was serious, I engaged an agency on the terms that I would get a 75
by sokoloff 3y ago
I found the house we live in now on my own, toured it at an open house, and once I decided I was serious, I engaged an agency on the terms that I would get a 75 basis point rebate if I bought that specific house through them. They agreed, the agency and agent took their 225bps, I got 75bps (of my own money) back and the agent got a relatively easy sale under her belt.
It might not always be possible, but it was worth the trouble to try to set up. (Redfin also offers a similar structure in some markets if you don’t want to try to negotiate it on your own.)
- mlrtime 3y ago25% rebate isn't bad but you should be getting more for the little work the agents do. I did the same in NY and got back 75% of the buyers commission. There is a big business opportunity to setup a network of agents in all states (where leagl) that advertise buyers rebates for home buyers that want to do all the work.