Dear Wanna Buy?
Do you think that an agent's ability to negotiate makes a difference in the price you pay?
I suggest interviewing a few agents and compare their plan to help you buy your home.
Agents are not all the same.
Are you looking for a broker's commission rebate or do you want one of the agents to rebate part of their commission? Both items are completely different concepts. You want the prior if you want the seller to give you some cash back at closing, and you want the latter if you simply want to pay your agent less (why? the seller pays the commission--so it doesn't come out of your pocket). Incidentally, the prior is far less common in residential real-estate than in commercial.
There are tons of ways to rep yourself or get a rebate. Redfin is one. No reasons to have 3% sucked away if you know what you need. The internet cuts out the Buyer's agent.
Wanna,
I'm sorry to contradict anyone..Buyer's rebates are allowed in NY and are quite legal..(There can be some restrictions if they are not allowed with some financing arrangements)
In fact I offer a generous buyer's rebate at closing if you purchase a NYC home, by using me as your broker ..
If anyone needs more information about the legality or what kind of rebate I offer, please contact me by phone or email..(My website does not have the details as yet)
What exactly are you asking?
I just Googled Redfin, if you go on their website which I'm sure you already visited, they don't do any business in New York. I just entered New York as the city and it didn't find any listings.
With that being said, it would be pointless to use them since they can't help you here. And in my opinion it's always better to use a local agent who knows the area. You want to use someone who lives and works in New York. Unfortunately there is no such a thing as a rebate of the commission in New York.
Fortunately for you, buyers don't pay commission in New York it's always the Seller who pays the listing broker and a buyers broker. To you my friend, it's free of charge when it comes to buying and paying a broker.
Can I ask what you are thinking of purchasing? Maybe I can give you some feedback.
Good Luck to you,
~Alen
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