Buyer Rebate Savings

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!

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.

So, if you go out to look at homes with a “Buyer’s Agent ”, even though they work for you, they are paid by the seller. No skin off your teeth, right? Except when you consider where the seller is getting the money to pay the commission - YOU (or your mortgage loan proceeds). For driving you around, opening doors to homes, assisting you with the paperwork and following up with the transaction, your “Buyer’s Agent” traditionally would make about $3,000.00 for every $100,000.00 of the sales price of the property you purchase. In many home purchases, the total "Buyer Agent's" portion of the commission is about the same as the purchase price of a new luxury car!!!  Not a bad gig, eh?

What if you could keep that money for yourself? Wouldn't your real estate investment dollars go a lot farther? Now, you can. You find and view the home, Bloomkey prepares and negotiates your purchase agreement and assists you through the closing process. Bloomkey keeps a low, flat fee rebating the majority of the buyer agent's commission to you at closing!

Use the chart below to see how much you can save with Bloomkey...