Cash Back to Home Buyers
This is the blog I promised last week and I wish I had allowed a little more time for organization, ad campaigns and such, but a promise was made so here we go. Well in a minute. Remember I said we'd provide a link to forms and things for the self help folks, and almost the next day we had a link on site to nolo.com. About $25 bucks for hard copy or download real estate guide and forms. Our web administrator is working feverishly, or so they tell me, to get our zillow interface into our site. They said this week.
Now. For home buyers. If we are engaged to help you in the purchase of a home listed by an office other than ours, MLS, etc., we will pay you an amount equal to 50% of the commission we receive. Example: purchase a $400,000 home paying 2.5% to our office, we receive $10,000, we pay you $5,000. Just that simple. The only "rule". You must provide us a signed document called a Non-Exclusive/Non-Compensating Broker/Buyer agreement, dated, prior to us showing you any property or engaging in any act on your behalf. This document simply is your agreement to allow us to represent you, binds you in no way, but does establish a date from which we can protect the commission from claims by other agents. And since you're getting half of it, you surely don't want to lose it for an oversight. You can do the math for any scenario of home price and commission percentage, but in all cases this is the single best thing that's happened for home buyers. Full professional handling through the whole process, right up to signing docs in escrow. Because we're also a mortgage broker, should that help be needed we can probably save some more money for the buyer. We can't offer to pay anything out for homes listed by our office since our flat fee of $4995 for in-house sales doesn't have any excess built in to give away. We've been committed to keeping home equity where it belongs, in the hands of the homeowner, charging reasonable fees for a professional service. We're excited to be bringing this substantial savings opportunity to home buyers who choose homes listed by other offices.
Now. For home buyers. If we are engaged to help you in the purchase of a home listed by an office other than ours, MLS, etc., we will pay you an amount equal to 50% of the commission we receive. Example: purchase a $400,000 home paying 2.5% to our office, we receive $10,000, we pay you $5,000. Just that simple. The only "rule". You must provide us a signed document called a Non-Exclusive/Non-Compensating Broker/Buyer agreement, dated, prior to us showing you any property or engaging in any act on your behalf. This document simply is your agreement to allow us to represent you, binds you in no way, but does establish a date from which we can protect the commission from claims by other agents. And since you're getting half of it, you surely don't want to lose it for an oversight. You can do the math for any scenario of home price and commission percentage, but in all cases this is the single best thing that's happened for home buyers. Full professional handling through the whole process, right up to signing docs in escrow. Because we're also a mortgage broker, should that help be needed we can probably save some more money for the buyer. We can't offer to pay anything out for homes listed by our office since our flat fee of $4995 for in-house sales doesn't have any excess built in to give away. We've been committed to keeping home equity where it belongs, in the hands of the homeowner, charging reasonable fees for a professional service. We're excited to be bringing this substantial savings opportunity to home buyers who choose homes listed by other offices.
posted by Douglas Doss | 9:31 PM
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