I was offered this program?
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If you are selling and buying a to-be-built house, it looks like they will sell your house for a 2% commission as long as they are your agent in your selling and buying of your new home.
Will the current market, does this program still work? I would be interested to hear from anyone that has had experience with this.
Also may be interested to know if you where selling a house for $200K and buying a new one for $400K is the 3% rebate worth it?
Lets see if my math is any good?
5% average commission to be paid on $200K = $10K
Buy new house using a realtor that gives you back 1.5% of $400K = $6K
Net loss is $4K
Using the program, it looks like your commission you will have to pay is 2% of $200K = $4K
So there is probably no difference in commissions. Tips on which way you would go?
Thanks
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Anyone tried Move-Up America?
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