How It Works
You Find the Home, We Write the Contract – You Get the Rebate!
Now, with Bloomkey, if you’re willing to do some of that work of finding and previewing the home on your own, you can receive a home buyer cash rebate! Get cash back on your closing just for using Bloomkey and finding your own home. If you’re already doing to the work online of finding your home, you can get paid for your efforts.
How It Works
When a home owner decides to sell their home, they most often contract with a real estate broker (or “Listing Agent”) to place the home in the Multiple Listing Service (MLS). Through the MLS, the “Listing Agent” typically offers to pay the “Buyer’s Agent” (the agent representing the buyer) approximately 3% (or half of the total commission). This fee is usually paid to the “Buyer Agent” at closing.
What if you could keep some of that money for yourself? Wouldn’t your real estate investment dollars go a lot farther? Now, they can. You find the home, Bloomkey prepares and negotiates your purchase agreement and assists you through the closing process. Bloomkey gives you a cash rebate out of the buyer agent’s commission to you at closing!
Illustration
Assuming a property sales price of $400,000 where the listing firm is offering a 3% commission to the buyer’s agent through the MLS…
- Property Sales Price: $400,000
- Buyer Agent Commission (3%): $12,000
- Bloomkey Buyer Agent Fee (2%): $8,000
- Your Rebate: $4,000!
See what the U.S. Department of Justice says about Home Buyer Rebates
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Terms and conditions apply. Not available in all areas. Not available in conjunction with other discounts and/or savings programs.