Buying property in NYC? You can save $15,000 or more (and reduce your buyer closing costs) by requesting a NYC broker commission rebate through our independent, highly rated, full service real estate firm.
Buyer broker commission rebates in NYC are completely legal and non-taxable. You can earn a rebate on virtually every listing in the city. Don’t let a listing agent bully you into dual agency so they can earn double commission!
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1% Home-buyer Rebate: If you are buying a home between $ 400,000 and $ 999,999 you will receive a 1% Home-buyer Rebate that will be credited from Powerhouse Realty Group to use toward your closing cost. This is for any property that is listed with any company and Powerhouse is representing you, provided the minimum commission paid to Powerhouse is 3%.
Example: If you purchase a home that’s contracted for $ 750,000 that means you will receive a $7,500 buyer rebate from Powerhouse. The rebate may be adjusted if the seller is paying less than the traditional 3%. Rebates are permitted in NY State.
1.5% Home-buyer Rebate: If you are buying a home that’s $ 1,000,000 or more, you will receive a 1.5% Home-buyer Rebate that will be credited from Powerhouse Realty to use toward your closing cost. This is for any property that is listed with any company and Powerhouse is representing you, provided the minimum commission paid to Powerhouse is 3%.
Example: If you purchase a home that’s contracted for $1,200,000 that means you will receive a $ 18,000 buyer rebate from Powerhouse. That’s based on the Powerhouse Agent receiving the traditional 3% commission. The rebate may be adjusted if the seller is paying less than the standard.
The amount of your Home-buyer Rebate will be calculated based on the package you choose. You will automatically see how much you will get by using a Powerhouse Agent to represent you.
Instead of looking for a random Real Estate Agent to give you a Buyer Rebate, look for the real estate brand (Powerhouse Realty Group) that has mastered it.
There’s no point in getting a rebate if everyone knows you’re getting one! Listing agents will be unhappy and sellers will automatically know you can pay more. Powerhouse Realty’s objective is all about meeting consumers at their individual point of need. We think of ourselves as a Full Service ‘Progressive’ Brokerage firm. People helping People!
If a buyer wants to be involved, we will partner with them and give them a portion of our commission. If a seller wants to participate in the marketing of the property, we will discount their listing fee and create a win-win situation.
