When I sell a home for 2%, I end up with a 1% commission for selling that home after giving the Buyer's agent their half. Now if I am willing to do all that work in selling a home for 1% why should I expect more when helping someone buy their home? Yet a typical commission for a Buyer's agent could be twice that.
There used to be a time when Realtors did all the work of finding a Buyer's home but, with the advent of the internet, Buyers are doing it themselves. Don't you think you should get paid for all that work you do? Or, even if you don't think your time is worth anything, do you really think I should get paid for it?
So let's just use common sense and be fair. When I help you buy your next home you will get back all of the commission I earn in excess of 1% to a minimum of $4,000. That can easily amount to thousands of dollars.
Let’s take a look.
The graph below shows how much you will get back if you choose me to be your agent when you buy a home.
Suppose you decided to have me sell your lovely condo for $700K and decided to move up to a townhouse at $900K which you then bought with me. You would have saved $8,000 on the sale of your home plus gotten back $4,500 on the purchase of your new home for a total reward of $12,500! And all for no compromise whatsoever in the services you received.