Buying a home in the U.S. capital is a momentous achievement, yet mortgage rates and home prices remain high, as local buyers compete for a limited inventory of properties for sale.
Simply put, a brokerage passes on savings to a buyer by rebating a portion of its commission in the form of a rebate. Let’s say you’ve decided to work with a Prevu agent to purchase a $1,700,000 home in Columbia Heights. Assuming a 3% buyer’s agent commission, you can receive up to $34,000 cash back with the company’sKnowing you stand to save can provide invaluable purchasing power in a competitive market, allowing you to make a stronger offer. The rebate can also offset expensive closing costs or replenish your savings.
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