Let’s face it, over 98% of today’s NYC home buyers start their search online. So why use a buyer’s agent when searching for a property in NYC? The single most compelling reason for using a buyer’s agent to represent you on your NYC home purchase is to secure a buyer commission rebate so you can receive a cash rebate at closing. The typical rebate of 1% off your home purchase equals $20,000 for the average NYC home! Visit Hauseit to request your buyer commission rebate in NYC.

What’s the typical rebate you ask?  You can usually expect 33% of the commission earned by the buyers’ agent from the listing agent payable to you at closing.  In your typical real estate transaction, the seller will pay 6% regardless of whether there is a buyers’ agent involved or not.  If the buyer is unrepresented, the listing agent gets to keep all 6%.  If there is a buyer agent involved, NYC agents are contractually required by REBNY to “co-broke,” or share 50% of the commission with the buyer’s agent. Keep in mind that the specific rebate amount is subject to the agreement you make between yourself and your buyer’s agent.

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In addition to offering you a buyer commission rebate, a quality NYC buyer’s agent also provides you with critical representation during the property search, offer submission, negotiation and closing process.

Buyer Commission Rebate NYC