Buyers save for years to be ready to buy a home. Once you are ready to buy, the first step is to get loan approval. Once you find out how much you qualify for, you are ready to begin your home search. Normally, most buyers do not pay a Realtor to help them seek out a property. BUT - a Realtor does get paid a commission from a seller or seller's agent to procure a buyer. How much commission? Anywhere from 2.5% to 3% of the sale price of the home. So for a $500,000 home, that Realtor's commission would be between $12,500 and $15,000. Many Realtors talk about how much money they have to give their agency, other fees, etc, but even on a high commission check, they are still making $8000 to $10,000 on the sale.
This is what happens when people choose larger agencies. Here at ColoradoRealty4Less.com, we pass our low overhead savings onto our buyers. We rebate up to 1% of our commission - that means if you buy a $500,000 house, you can end up with an additional $5000 in your pocket to cover closing costs or buy-down points for your loan - Who would say no to this?? To find out more about buyer rebates, see the article below -
https://www.upnest.com/1/post/how-to-negotiate-a-home-buyer-rebate-with-real-estate-agents/
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