Jan 11, 2024
If you’re considering buying a house, you’re probably researching things like home prices, mortgages, school districts or closing costs. But, have you considered how a home buyer refund might impact the purchase of your next property?
Whether you’re an investor or a first time buyer, it would be wise to research which real estate agents offer commission refunds in your area. If you’ve already begun working with a Realtor, you should understand how to negotiate a commission refund with your agent.
One of the first brokerages to pioneer the concept of commission rebates was Redfin. The company began offering rebates to clients in the amount of 1% of the final price of the property. Over time, the company phased out the rebate as they became publicly traded and more focused on profitability. Today, Redfin provides a great mobile app and search experience but is no longer offer a commission refund, however they do provide a small credit if you opt to use their in-house mortgage lender.
SimpleShowing.com has filled the gap in terms of commission refunds throughout the Southeast – including states like Georgia, Florida and Texas.
When buying a home, the company provide up to a 1.5% commission refund on new construction properties and 1% on resale homes. On average, SimpleShowing gives buyers about $5,000 and has refunded more than $2M in commissions since 2018.
SimpleShowing Real Estate is a full service brokerage and represents buyers and sellers across multiple markets in the US.