Buyers don't pay real estate agents. So how can we save?
In New York (and most other states), buyer's agents get paid by the seller. So the sale price of the house usually includes real estate agent fees, typically 2-3% of the purchase price. So for example, if you are buying a property for $700,000, 4 to 6% of that price, that is, $28,000 to $42,000 goes to buyer's and seller's agents. The agents we refer you to are willing to return most of the amount to you if you don't require all their services. This can happen in many situations. For example, you might see your neighbor's house is on the market and want to make an offer. Why should an agent get paid so much if all you need is making an offer?
Which Areas do you cover?
The agents we refer you to are licensed in New York state and cover most cities and villages in the greater New York City area, including the following counties:
- Westchester County, New York
- Manhattan - New York County
- Bronx - Bronx County
- Brooklyn - Kings County
- Queens - Queens County
- Staten Island - Richmond County
- Orange County, New York
- Rockland County, New York
- Putnam County, New York
I just started my search. Can I use your services to save?
It all depends on your needs. If you are willing to take control and spend more time yourself for your search, then we should be able to help you. If you need a lot of assistance, for example need to see a large number of houses that do not have an open house, then a full-service real estate agent might be able to better assist you.
How can you do this? Is this legal?
The reason we can afford to give you a large rebate is that we spend less. Unliked classic realtors, we do not have staff to call you and schedule services, we do not drive around for showings before a decision has been made, and we do not use additional external services for marketing and other purposes. As a result, we will save, and we will pass on the savings to you. This is completely legal as your attorney can verify.