One of the biggest hurdles for homebuyers in Washington, DC is affordability.
Buying a home in the U.S. capital is a momentous achievement, yet mortgage rates and home prices remain high, as local buyers compete for a limited inventory of properties for sale.
The key to navigating these challenges lies in modern online tools that streamline the homebuying process and make purchases more affordable.
Prevu offers a digital home buying platform for aspiring homeowners designed to unlock thousands of dollars in savings via a powerful real estate concept: commission rebates.
How commission rebates create affordability for DC homebuyers
Commission rebates are a straightforward concept legal in 40 states and the District of Columbia, yet few brokerages offer them to buyers.
Simply put, a brokerage passes on savings to a buyer by rebating a portion of its commission in the form of a rebate.
A typical DC home sale will likely see the listing agent receive a 6% commission, which is negotiated at time of listing between the listing agent and the owner. Traditionally, a portion of that commission is shared with the buyer’s agent, with both brokers receiving approximately 3% commission from the home sale.
But Prevu’s investment in salaried agents and a streamlined online platform allows it to rebate up to two-thirds of its commission back to buyers they represent.
Let’s say you’ve decided to work with a Prevu agent to purchase a $1,700,000 home in Columbia Heights. Assuming a 3% buyer’s agent commission, you can receive up to $34,000 cash back with the company’s Smart Buyer Rebate.
Knowing you stand to save can provide invaluable purchasing power in a competitive market, allowing you to make a stronger offer. The rebate can also offset expensive closing costs or replenish your savings.
“Home prices have continued to appreciate in recent years and mortgage rates are nearly double what they were just a year ago,” said Heather Bennett, a Licensed Real Estate Salesperson for Prevu in the DC Metro Area. “A lot of buyers feel stretched to buy a home. Commission rebates enable buyers to put money back in their pocket for home-related expenses, even when affordability may seem out of reach.”
The power of buying a home online
Commission rebates are one of the perks of buying a home online, but they go hand-in-hand with expert service.
Prevu equips Washington, DC buyers with the digital tools they’ve grown accustomed to in other aspects of their daily lives by integrating all essential tools and resources into a single, user-friendly platform.
Homebuyers exploring their preferred neighborhoods in Washington, DC, can effortlessly search listings and view their estimated Smart Buyer Rebate, create personalized property alerts, and conveniently schedule property tours with the click of a button online.
Buyers can also message with their agent whenever they need directly via the platform. This seamless communication facilitates the offer-making process, makes property tours easy to coordinate, and keeps buyers in the loop at every step of the homebuying process..
“People use online tools for important transactions almost daily,” said Bennett. “Homebuying should be no different. Buyers should be able to collaborate with their agent online with ease, and Prevu provides the tools to do that.”
Interested in buying a home or condo in Washington, DC? Browse listings and see how much you can save with Prevu’s Smart Buyer Rebate.
