(A) The subscribing Broker/Agent is a experienced full time licensed real estate Broker or Salesperson that has subscribed to the RealtyBids.net service and has agreed to the terms of service of the RealtyBids.net “Cash Back” program for its real estate purchaser customers.
(Q) Why should I use RealtyBids.net when I can just buy through the listing agent and save myself the whole selling side of the commission?
(A) This is a common misconception as a selling commission is always built into the selling price; no matter what the final sales price is. If it is not paid to a selling broker, it will be paid to the listing broker. If the listing broker agrees to forfeit the selling commission it is retained by the seller. Even if you negotiate a sales price with a listing agent or seller that expresses or implies you will be getting consideration for the selling commission, it is still built into that final price. And without RealtyBids.net, you are leaving cash on the table!
(A) Then you get a great price for the property, and you still leave cash on the table! You could, for example, take a $250,000 listing and negotiate a $200,000 purchase price; that’s a great deal right? But without RealtyBids.net you will still leave $2,000 behind for the listing agent to collect, or for the seller to keep. With RealtyBids.net you get the $2,000, and you get the property for $198,000! It’s how you can make even a great deal even better!?
(A) Because its already in the listing contract before you come into the picture. It is still in force regardless of the terms you negotiate. Only another broker can claim the selling side of the commission. And, only a RealtyBids.net subscribing Broker/Agent will guarantee you a “Cash Back” rebate from that selling side of the commission!?
(A) Real estate agents pay referral fees routinely to other brokers, relocation companies, and third party referral companies, for contact leads of ready buyers. The RealtyBids.net subscribing Broker/Agent would rather pay you for doing for doing your homework!?
(Q) Does my offer through RealtyBids.net obligate me to purchase that property??
(A) Only a fully executed (agreed to and signed by buyer and seller) contract of sale can obligate you to a purchase. RealtyBids.net is a vehicle to facilitate the offer and negotiation for a purchase that will be contingent upon a professional property inspection, acceptable mortgage financing, and your attorney’s review and approval of the contract of sale.?
