SERVICES
Most sellers will pay their real estate agent a 6% commission, and usually half of that is shared with the buyer’s agent. If you are buying a home, I can represent you as your real estate agent, provide expert assistance from contract to closing, and then rebate all but 1.5% of the purchase price to you. By taking this approach a significant cash rebate can be paid to you promptly after closing on the purchase of your house.
HERE’S HOW IT WORKS:
1. You hire me as your buyer’s agent. I’m a licensed real estate agent with Logical Move LLC, a Utah real estate brokerage. I have 15 years of experience with real estate transactions and I’ve helped hundreds of clients buy and sell property. Be sure to inform the listing agent that you have your own agent, from the beginning. If you don’t, a commission, and commission rebate, may not be available.
2. I assist you with the process of finding, viewing and valuing a home, entering into a real estate purchase contract, completing due diligence, arranging title insurance, and closing on the purchase of the home.
3. When the transaction closes and the buyer’s agent commission is paid, I keep one and a half percent (1.5%) and rebate the rest of it to you. As noted above, in most transactions the buyer’s agent commission is 3% of the purchase price. This means that if you buy a house for $400,000, I keep $6,000 (1.5%) and rebate $6,000 (1.5%) to you. If you buy a house for $800,000, I keep $12,000 and rebate $12,000 to you. Again, my 1.5% commission and your 1.5% rebate are both paid for by the seller.
Commission rebates or refunds make it easier to buy a house and are allowed under Utah law and encouraged by the U.S. Department of Justice. In addition, the IRS has issued a private letter ruling regarding commission rebates, stating that “a payment or credit at closing … represents an adjustment to the purchase price of the home and generally is not includible in a purchaser’s gross income.”
50% REBATE ON NEW CONSTRUCTION HOME PURCHASE:
When a new construction home is purchased, I rebate 50% of the buyer’s agent commission to you. In many cases builders will not offer a full 3% commission, so this arrangement increases the amount of rebate that you receive. If the new home price is $600,000, and the builder is offering a 2% commission, I will keep only 1% and rebate the other 1% to you. The commission is paid by the builder, and will not interfere with other incentives offered by the builder. If you are not represented by an agent, the builder will simply keep the commission money. If you use the builder’s “in-house” agent, you will not receive a rebate, and your agent will be someone that works for the builder. Avoid this key mistake - don’t visit a new home builder’s office without an independent buyer’s agent or calling ahead and putting them on notice that you have an agent: Dean Smith of Logical Move LLC. This mistake could cost you thousands of dollars. This new construction rebate offer applies to any new construction home, with any Utah builder or contractor.
Client Reviews
“Dean did a great job advising us, reviewing the contracts and assisting with the purchase of our home, and his commission rebate program was just what we were looking for. We had found the house we wanted to buy on our own, but the owner and his agent wouldn’t lower the price, so we used Dean instead, and received a big rebate when we closed. We were impressed with Dean’s expertise and certainly recommend him to other buyers.”
“In today’s age there are many options to buying and selling a house other than just using a realtor. My wife and I did a lot of research online (Homie, individual real estate lawyers, ½ commission realtors, and a conventional realtor) about what process we wanted to move forward with and ultimately we decided to move forward with Dean and his services. We could not be more pleased with our decision. We initially engaged in an agreement with Dean to help us sell our property in Park City. Dean helped us review offers, draft counter offers, and provided great insight around the contract language. Dean was extremely efficient and responsive. After we negotiated a price with the potential buyer Dean assisted with providing all of the necessary paperwork, organizing deadlines with title, and provided a clear overview of each step. We were so happy with Dean’s services with the sale of our house we asked him to help us purchase our next home, and again, we could not be more pleased with our decision. We were purchasing a home in a very aggressive real estate market and Dean was extremely helpful with providing offers and counter offers in a timely manner, organizing all of the required documents, and working with us to make sure the purchase got to the finish line. Dean saved us tens of thousands of dollars utilizing his services and we recommend him without any reservation.”
