that realtors work for you “for free”. So many buyers don’t think too much when choosing a realtor. But…
IT’S NEVER FREE!
Buyer realtor’s commission ultimately comes from you. Seller takes your money, and pays both seller and buyer realtors. So by providing buyer rebates from our commission, you are effectively paying less than the contract price.
Let’s look at an example adapted from real life*. Suppose you negotiated to buy a house for $500,000, your actual out of pocket at closing have a huge difference by using different realtors, over $13,000 of difference.
(*Example not including mortgage related cost, prepaid tax and insurance. Numbers adjusted slightly for illustration)