Looking to b͏uy in the NoVA area and I'm confused about how buyer agent commissions work now. Went to talk to a couple agents and they both told me 2.5% is standard and handed me an agreement to si͏gn before I could even see a house.
Talked to a friend who bought recently and he said he negotiated his down but wouldn't tell me to what. Helpful. Lol.
I've been googling around and there seem to be some rebate brokerages outthere like Red͏fin, Pr͏evu, Gl͏ass Ho͏use Re͏al Est͏ate, Id͏eal Ag͏ent etc... but I really don't get the difference between getting a good deal and getting a worse agent. Like does paying less actually mean less service or is 2.5% just what the big guys charge because they can? Seems to be that way. Like you're paying more because they have higher costs being part of a bigger brand?
Has anyone here used a rebate brokerage or negotiated their rate down? How'd it go? Trying to figure out if I should just sign the 2.5% agreement or push back.
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source https://www.reddit.com/r/RealEstate/comments/1tq17cd/how_do_buyers_agent_commissions_work_rebates/
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