HOW MUCH CAN A BUYER SAVE?

Although there is no such thing as a “standard commission”, a commonly charged rate is 6% of the sales price. Traditionally, the listing broker keeps half of this and offers the other half to the broker representing the buyer.

So if a home sold for $400,000, the listing broker and buyer’s broker would each receive $12,000, for a total commission of $24,000.

If you buy a home with Geek Realty, once the commission is calculated, we will keep one half of the commission offered to the buyer's broker, with a $3,000 minimum. We then apply your commission refund to your closing costs and prepaids at closing. The money in excess of your closing costs will be refunded to you by check within 7 - 10 days. Or you can use your refund as part or all of your down payment. Some lenders will not allow some of these options. In this case, we may be able to get the seller to lower their price by the amount of your refund. We will work with you to find the best way to structure your deal. In the example above, your refund would be $6,000.

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If you need financing I recommend My Florida Rates or PHH Mortgage

Geek Realty helps it's customers buy and sell real estate in the Plant City, FL area and the surrounding areas including Tampa, Lakeland, Hillsborough County, Polk County, Brandon, Lithia, Valrico, Apollo Beach, Thonotosassa and Seffner. We offer rebates or refunds to buyers of real estate as long as they use us as their agent and we offer discounted commissions to sellers if we are the listing agent or broker. We use high tech or technology to cut costs so we can realize a savings and pass this savings on to our clients.