Buyers’ FAQs
1. What’s the catch?
Absolutely nothing! Most people don’t realize that, typically, the buyer’s REALTOR® takes half of the commission offered by the seller. I give you 50 to 70% of the commission that would usually go to the buyer’s REALTOR®.* For example, if the buyer’s REALTOR® (Marko Juras) is set to receive $15,000 in commission I give you $10,500 back via my 70% commission cash back program.
2. Since you’re offering 70% cash back, does that mean I won’t be receiving full service?
Absolutely not! Even though you receive a portion of the commission, I am positive that I will still exceed your expectations. I show all homes personally, provide comparables, and handle all negotiations and contracts. If you are unhappy with my services after the first few showings you can always find a different REALTOR® to represent you.
3. How did your Cash Back REALTOR® model come about?
Approximately 90% of buyers go to the internet to find their home. Typically, most of my buyers contact me with a list of homes they would like to see based on the information they have gathered online (price, pictures, location, floor plans, etc.). This very process cuts down my workload significantly ; in the past I would have had to spend more time with my client trying to locate an area and type of home.
Technology has made it much easier to set my clients up with real-time data; in the past I would have to send out information manually. This has drastically reduced the time it traditionally took to handle each buyer.
Lastly, the days of needing a brick and mortar office are over. The internet provides the entire store front that any tech-savvy REALTOR® needs to get in front of his or her perspective clients. There is no need for large offices and large overhead!
What does all of this mean? It is quite simple; I can handle more clients at a lower cost; therefore, I can reduce my rates by giving you a portion of my commission.
4. You say you show private listings – how does this work?
Yes, I do show private listings. When it comes to writing offers on private listings I ask the private seller for a very reasonable commission which is a fraction of what it would cost them to list on MLS®. The private sellers from my experience have been very receptive! The advantage of me showing my buyers private listings is that occasionally private listings can offer tremendous value as other REALTORS® may be reluctant to show them.
*A commission can be 3.0% 100k +1.5% balance co-op brokerage fee and may vary. Cash back is only valid on 3.0% 100k +1.5% balance and higher. See 70% Cash Back Program for complete details.*
