Buying an apartment in New York City is expensive. When it comes time to select a real estate agent to help you with your purchase, what if you had the option of selecting an agent that gave you cash back? What if your real estate agent paid you?
There is a new concept called a buyer commission rebate that enables homebuyers to get cash back from their agent or broker when buying an apartment. Of course, this idea of buyer commission rebates is not widely known as traditional real estate brokers are making so much in commission that they don't want you to know (See: Commission Rebate NYC: What Buyers Need to Know in 2018).
Luckily, there is a modern, tech-enabled brokerage called Prevu that offers significant commission rebates of up to 2% of your purchase price, and we are on a mission to save New Yorkers money when they buy a home or apartment in NYC. Prevu's Smart Buyer™ Rebate is transparent - buyers receive a rebate of two-thirds of the commission Prevu receives for representing them. It's that simple.
Curious what New Yorkers have to say about this? Our team recently went to Madison Square Park and interviewed real New Yorkers to see how they would feel if their real estate agent paid them?
Prevu is the real estate technology company on a mission to save people money when they buy or sell a home. Our industry-leading Smart Buyer™ Rebate makes it possible for homebuyers in NYC to receive a commission rebate of up to 2% of their purchase price with a seamless, end-to-end buying experience and the expert advice of a dedicated, salaried agent.
If a property in NYC is priced well, it sells and sells quickly. Serious buyers should be prepared to make an offer when they start looking to purchase a condo or co-op.
January 09, 2018
Whether you are diligently researching the potential closings costs you will pay in NYC or simply familiarizing yourself with terms mentioned by your real estate attorney, one of the fees you are likely to encounter is title insurance.
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