You may have heard that some companies rebate a portion of their commission and wonder how that works. As a buyer you generally don’t have to pay an agent. Most or all commission are paid by the seller.
How do Realtors make money if the buyer doesn’t pay any commission? In many cases, a seller pays the company representing the buyer 2% to 3% of the sales price. (A buyer’s agent makes a portion of that amount.) A buyer’s rebate is paid to the buyer from the agent’s commission. Only a handful of brokerages (large or small) offer to rebate commissions, but all of them have certain terms and conditions. These are described in your representation agreement.
So let’s take a look at a specific property at 7005 Stone Mill Pl Alexandria to understand how the rebate works. 7005 Stone Mill Pl Alexandria VA is one of several Colonial-style homes in Stoneybrooke. Estimated Rebate on 7005 Stone Mill Pl? $2,655!
Redesigned 4BR 3BA rambler w/a carport features a new roof, newer windows & HVAC plus more! Upgraded KIT w/stainless apps, granite counters, an expanded breakfast area, & 42-inch cabinets. Fantastic lower lvl rec rm has a gas fplce w/a … [Read more]
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You’ll find the estimated rebate at the top of the each listing page.
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