Cashback and listing commission auctions are innovative tools in the real estate industry. These auctions work to the advantage of home buyers and sellers. In addition, the system helps real estate agents get referrals. Cashback and commission auctions create a win-win situation for everyone in a real estate deal.
Real estate agents connect with potential clients and bid for their business. Home buyers and sellers save money and receive higher discounts and commission in the process. With a traditional home purchase of a $450,000 property, the buyer’s agent receives 3% commission ($13,500) but the buyer receives nothing. Yet if you purchase a home using a cashback auction, the buyer’s agent will still receive $13,500 commission but will rebate 50% ($6750) of that amount to the buyer at closing.
With traditional real estate commissions, the seller will pay 6% of the property value to the agent in listing commission. If the property is valued at $450,000, the seller must pay $27,000 to the agent at closing. If the seller had used a listing commission auction through estaterebate.com, the seller would have received discounted commission offers and saved $9,000 in listed commission. By choosing a commission auction, the seller will save an additional 2% of the property value.
Why Buyers Should Choose Cashback Auctions
Cashback
Home buyers can go with the traditional home purchase and recover nothing or go with a cashback auction and get cashback. Create an auction and receive cashback bids from local real estate agents. Buyers select the bid which suits their needs. Best of all, there is no obligation to accept any bid and buyers can maximize their savings.
Why Sellers Should Choose Commission Auctions
Savings
Commission auctions offer similar benefits to sellers as cashback auctions provide for buyers. When sellers create commission auctions, they receive discount commission bids from local real estate agents. Sellers select the best bid and end up saving money on commission at closing.
Why Real Estate Agents Should Choose estaterebate.com
Referrals
The real estate industry is ever-changing and the smart agent will keep pace with the latest developments. In today’s real estate market, every agent wants that extra ‘edge’ to gain and keep clients. There is no longer a need for agents to pay a substantial percentage of commission for referrals or they do not have to buy leads.
A traditional referral fee on a $100,000 transaction would be $750 (25%). If real estate agents advertise their services on estaterebate.com, they connect with verified prospects, make bids, and get business – at zero cost. No upfront costs - no monthly subscriptions - no maintenance fees! A nominal, flat advertising fee is payable only if an agent closes a deal over $100,000.
estaterebate.com – The Future of Real Estate
It does not make sense for home buyers, sellers, and real estate agents to stay trapped within the traditional system. estaterebate.com gives all parties in a real estate deal an opportunity to get the most out of the transaction. Basically, estaterebate.com and cashback and commission auctions are paving the way for the future of real estate. Get in on the deal!