Buying or selling a home in Washington DC can be a costly affair. But you can grab the best deals on home purchase and sale by working with a good real estate agent who can help you in taking the best benefits of the new home rebates in Washington DC.
Washington DC is undoubtedly one of the most lively cities in the U.S. After all the presidents of the nation have lived here for years. So if you are thinking of buying a home in this popular city then be ready to pay as per the steeping price. Fortunately, there is a secret of saving money on buying a home in Washington DC i.e. a real estate rebate!
Saving money on home buying with New home rebates in Washington DC
Usually, most of the home buyers are unaware of this perk of real estate world. Even if they have heard about the rebates they worry about the legality. But the truth here is that only a few states prohibit realtor rebates. And home rebates are completely legal in Washington DC along with Maryland and Virginia.
But to get benefitted out of real estate rebates you need to understand how these work! Let us take a look at various aspects of new home rebates in Washington DC to get the best benefit out of it.
How does a real estate rebate work?
In general, a real estate agent receives a commission when a home gets sold which is about 3% of the home selling price. When you hire and work with a real estate agent they will rebate 1 to 2 % of that commission back to you. It ultimately saves your thousands of dollars!
What’s the secret?
Truly speaking no hidden secrets are there. But you need to understand that home rebates are applicable in situations where home buyers or sellers take ample time to seek out the homes they find interesting. That is how a real estate agent affords the rebate. As a buyer, you can find the homes on your own instead of having the agent to do it for you. You can go through the several listings that are easily accessible for review online.
Will it be a risk to choose to work with an agent who offers a rebate?
No. An agent offering rebate provides the same services as a traditional agent. And reputable realtors like Magnolia Realty even go beyond traditional services to offer you with additional benefits like home staging, virtual open house tours and more. Moreover, rebates are legal in Washington DC and are not taxable, hence are beneficial for both home buyers as well as sellers.
Who is eligible for a real estate rebate?
Anyone who is buying or selling a home with the help of a real estate agent is eligible for the rebate. Whether you are a Washington DC cash home buyer or seller, when you work with a reputable agent they will give you back 1 to 2% of the commission they get from the deal.
In a nutshell, real estate rebates are an exceptional bonus for anyone taking a plunge into the real estate market!
This article is written by Magnolia Realty, a leading realtor in Washington DC and Maryland. If you want to know details about the new home rebates in Washington DC get in touch with the team today.