Published by NestEdge Realty. This practical guide is not an independent agent ranking or a guarantee of results.
A proposed buyer rebate should be clear enough that you can identify the calculation and every condition that affects it. For a Scarsdale purchase, ask for a written explanation tied to the actual transaction. This article does not establish that a rebate is available or quote an amount.
Check the basis of the number
Ask whether the proposal is fixed or percentage-based and what amount the percentage applies to. Request an illustration with assumptions labeled. A percentage of broker compensation is not the same as a percentage of the purchase price.
Identify what could change
Ask how price changes, compensation arrangements or an unsuccessful purchase affect the proposal. Keep the rebate language with the representation agreement and request clarification if they appear inconsistent. Have your attorney address legal questions before you commit.
Confirm how it fits the closing plan
Ask your lender and closing professionals how the rebate would be documented, when it would be available and whether the proposed use fits your purchase. Do not assume it can cover a deposit or any expense of your choice. Revisit the illustration if relevant terms change.
Contact Matthew Gluck at NestEdge Realty to discuss the written terms available for your search. Consider services and communication alongside the proposed rebate. For the broader working relationship, read comparing buyer representation proposals.