Rebate Realty Group is Revolutionizing the Real Estate Industry
New York startup saves homebuyers thousands of dollars with commission rebate program.
LONG ISLAND, N.Y., November 1, 2018 (Newswire.com) - With technology and sites like Zillow, the real estate industry is seeing a dramatic shift in the way business is conducted. Realtors typically charge 6% of the home’s sale price as commission. According to the National Association of Realtors, 95 percent of buyers are using the Internet to search for their next home - tasks that once required an agent.
Most business transactions are conducted online in this day and age. Real estate brokerages are taking advantage of virtual offices, which in turn lead to low overhead expenses. The savings are then passed onto their clients.
Brokerages like Rebate Realty Group are also playing a part in revolutionizing the industry. Their latest business model is undercutting almost every other real estate brokerage in the nation. Buyers will now receive rebates for using the firm. The agents will now share their commissions with buyers when receiving a mortgage, placing thousands of dollars back in buyers pockets. On a home purchase price of $500,000, an average Realtors commission on the buyers side is 3%. Rebate Realty will rebate back to the buyer 1.5% which is $7,500 dollars - right back into the buyers pocket at closing!
The flat fee to list a property with Rebate Realty is 3% which undercuts the market in half. The question is will the other brokerages follow Rebate Realty Group's lead?
For additional information, visit the company's website – www.RebateRealtyGroup.com - or contact Daniel DiBiasi, Chief Executive Officer at DDiBiasi@RebateRealtyGroup.com or Daniel F. Longo, Chief Operating Officer, at DLongo@RebateRealtyGroup.com
Source: Rebate Realty Group LLC