Should I use Redfin or a local agent when I move? I know what I want and need a rebate of the commission. Than

Wanna Buy?
Home Buyer
Charlotte, NC

Answers (5)
Keith Sorem
Agent
Glendale, CA

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.

Tue Mar 17 2009, 09:16
Dp2
Other/Just Looking
Virginia

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.

Tue Mar 17 2009, 05:18

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.

Tue Mar 17 2009, 04:22
Jolie MussNYC/M...
Broker
Upper West Side, New...

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)

Tue Mar 17 2009, 02:34
Alen Moshkovich
Agent
10022
FIRST ANSWER

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

Thu Mar 12 2009, 18:15

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 1,881
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback