Chicago, IL (PRWEB) December 6, 2006
RebateReps.com of Alexandria, Virginia is announcing expansion of its network of real estate rebate agents into the Greater Chicago Metropolitan Area with a new office at 2624 North Dayton Street in Lincoln Park, Chicago, IL.
RebateReps.com offers commission rebates at closing for buyers of new construction or existing single-family residences, condominiums, lofts, and town homes. When buying an existing resale home the Seller's Agent is known as the "listing agent". The listing agent charges the seller a fixed fee, (often 6%). The seller pays this 6% fee whether or not you, the buyer, have an agent representing you. This means that when a buyer does NOT have an agent, the listing agent keeps the entire 6% commission.
The seller has no motivation to offer you a better price if you buy his house without the representation of a "Buyer's Agent". The Seller must pay the same 6% commission to his listing agent either way. RebateReps enables buyers to earn real estate rebates through collaboration with our agents. When a Buyer uses a RebateReps agent to represent them as the "Buyer's Agent", the RebateReps agent shares the listing agent's commission. RebatesReps agents then rebate part of their share of the commission to the Buyer at the closing table.
Aside from the rebate there are additional advantages working with a RebateReps agent. RebateReps agents:
Are specifically trained to represent buyers;
Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications;
Provide access to the greatest inventory of homes sharing access to the multiple listing service;
Provide guidance to assist the buyer in getting pre-qualified by a lender enabling the buyer greater
negotiating power with a Pre-approval Letter or Certificate;
Advise and negotiate on behalf of the buyer structuring an appropriate offer to purchase the
selected property at the lowest price and on the best terms;
Provide access to qualified vendors including movers, carpenters, and attorneys if these services are needed;
Provide access to lenders to enable the buyer to secure the best financing terms.
When buying a new construction home, the builder sets the price. If a buyer of a new construction home has a RebateReps agent present, the builder must pay his agent a commission -even though the buyer pays the same price for the home. The law stipulates that a builder can only pay a commission to a licensed real estate agent.
Without an agent present, buyers pay the same price as they would have if they had made the offer through a RebateReps agent. However, without an agent buyers forfeit the opportunity to earn a rebate.
Von G. Fox and Paul W. Murray of AVEA Realty, Inc. are the managing brokers of Chicago RebateReps. Call the toll free number (877) 599-6766 to get information or leave a message. You may check out our web site for New Home Rebates in Chicago.