How does realtor commission rebate in Los Angeles works? – Real Example
We are happy to announce another closing where buyer received 50% commission refund at the close of escrow!
Buyer was pre-approved for a mortgage but was short on closing costs and found us on Google using keyword “home buyers realtor’s rebate” and “Realtors commission refund in Los Angeles”. After initial consultation we determined that he wanted to buy a house in the Valley, so we set him up with auto notifications from MLS for 3 bedroom homes with large lot in Encino, Chatsworth, Reseda, West Hills, Van Nuys. We also signed a realtor commission rebate agreement prior to showing homes, that gave him a piece of mind that he has a contract in writing that he will get real estate commission refund of $6500 (approximately based on the sales price) after close of escrow.
As expected, his transaction went smooth and escrow was closed in 30 days. Buyer chose to receive 1.25% realtors commission refund not after close of escrow, but in the escrow so his closing costs were covered and he did not have to come with extra cash.
This is the feedback he left us
I used Alex’s services when I was buying my home. I found working with him very easy. He always came with a strategy to get the best deal possible and he stuck to the strategy. I was really very happy. He fought for me hard, so hard I was afraid the sellers would walk away from the deal. But he assured me he knew what he was doing and sure enough we always got what we wanted. With his assistance I ended up getting the house in perfect condition for a very good price (much less than the asking price or Zillow estimate) and I paid no closing cost. In addition to it, big bonus in the end, he split with me his commission!
If you want to get a feedback on this transaction from him, feel free to ask directly, here’s his Facebook link