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Upper West Side, New...
Not sure what Joseph is saying but I do offer a buyer's rebate on a Manhattan real estate purchase ( I'm not the only one) Representing a buyer in a purchase here is very time consuming as most apartments are coops so most do not offer a rebate for a purchase under 1 Million. I do, but I have a sliding scale according to the sales price/ (Please contact me for the details of the scale and how it's done) It is legal in NYS and NYC! Take a look at my Trulia Blog for info and Links to the DOJ 's website where the US government promotes the practice and explains it in detail! Undoubtedly I can issue you a rebate in the thousands (ok the lowest is appx $1800.00 -LOL!) as long as it is allowed by your financing, we reach an agreement before I start representing you and you register me with every listed property that offers a co-broke!(That is 99.% of them) Looking forward to helping other buyers save money while they enjoy professional & personalized representation!
Please follow me on twitter! http://www.twitter.com/jojomuss
I've never been asked for a rebate (kickback). I keep it in mind though. If I ever hear it in regard to any transaction I am a part of, I'll have a good laugh as I part company with the person asking. Good Luck in Charlotte.
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.
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)
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,