Do you ever wonder how companies like Redfin offer a discount to their clients? Would you be surprised to learn that we offer the same discount to our clients? When a person lists a condo for sale, the real estate sellers agree to pay a commission to the agents.
Nesbitt Realty pays some of that commission to the agent but we also pay some of that commission to our buyer client. If and when the sale is closed, the buyer's company is paid 2% to 3% of the purchase price. How does the property seeker's Realtor make money if the buyer doesn't pay commissions? Of course, there are terms and conditions that apply. For example, some lenders won't allow you to accept a rebate or they limit the amount that we can rebate to you.
So let's take a look at a specific property to understand how the rebate works. If you purchase 1 W Maple St #101 Alexandria VA, and you use Gladys Tamdang as your agent, we'll rebate you $2,293.
This is a charming 2 bedroom 1 bath Garden-level condo in the heart of Rosemont. Almost 1,000 square feet. Beautiful, real hardwood floors throughout. Freshly painted with new stainless steel kitchen appliances, washer and dryer in unit and new ... [Read more]
Do you ever wonder how companies like Redfin offer a discount to their clients? Would you be surprised to learn that we offer the same discount to our clients? When a person lists a condo for sale, the real estate sellers agree to pay a commission to the agents.
Nesbitt Realty pays some of that commission to the agent but we also pay some of that commission to our buyer client. If and when the sale is closed, the buyer's company is paid 2% to 3% of the purchase price. How does the property seeker's Realtor make money if the buyer doesn't pay commissions? Of course, there are terms and conditions that apply. For example, some lenders won't allow you to accept a rebate or they limit the amount that we can rebate to you.
So let's take a look at a specific property to understand how the rebate works. If you purchase 1 W Maple St #101 Alexandria VA, and you use Gladys Tamdang as your agent, we'll rebate you $2,293.
