BELLEVUE, Wash., March 21, 2008 (PRIME NEWSWIRE) -- We've all seen the statistics and the media reports, the Puget Sound real estate market is sluggish. What isn't talked about is how do real estate agents pay their bills in this market? If you aren't fortunate enough to have a rich uncle or a substantial rainy day fund, it is time to get creative. Enter Buying Revolution. Buying Revolution is a program created by NW Real Estate's management team in response to slow real estate sales and hungry real estate agents.
"Sometimes you have to give away the farm to get business in," says broker Mark Hopkins. Giving away the farm means giving buyers back most of the commission and still providing full service to the client. "We are going to do more for less in order to bring in clients," says Hopkins. After being in the real estate and mortgage industry for more than a dozen years, Hopkins is calling this "a new era in real estate."
Buying Revolution rebates up to 95% of the selling agent's commission to the buyer. "I guarantee you will get the most cash back and the best deal with Buying Revolution period," says Hopkins. The goal is to stimulate buyers to buy, supercharge referral business and increase the number of transactions NW Real Estate does each month (it works for Costco, right?).
How or why would NW Real Estate do this? "By combining mortgage and real estate services we are able to create greater efficiencies and provide buyers with competitive rates, quality service, professionalism and best of all, a rebate check to the buyer," says Rhonda Ender, Director of Marketing for NW Real Estate.
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Buying Revolution takes care of the client from start to finish. A Buying Revolution agent will: show you inside houses, determine values, negotiate your sale price, process all of your paperwork, nail every detail and ensure you a seamless transaction and a hassle free closing. The buyer's only job is to find the home you love.
For example, for a $500,000 house the typical selling agent commission would be $15,000. Buying Revolution would retain $2,500 for their services and would rebate the Buyer $12,500. This is a typical transaction, although Buying Revolution has rebated more when the commission is higher or has given the buyer an additional credit.