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Information about Owners.com buyer services
The Owners.com Buyer Rebate is a cash rebate given by Owners.com to eligible buyers it represents in the purchase of a home. As further described below, the Owners.com Buyer Rebate is paid to the eligible buyer at closing either in the form of a credit on the settlement statement or by check. The Owners.com Buyer Rebate is calculated as a percentage of Owners.com’s Cooperating Broker Commission* and varies based on sales price. For properties with a purchase price less than $150,000.00, the Owners.com Buyer Rebate is 0% of the Cooperating Broker Commission. For properties with a purchase price between $150,000.00 and $199,999.99, the Owners.com Buyer Rebate is 20% of the Cooperating Broker Commission. For properties with a purchase price between $200,000.00 and $249,999.99, the Owners.com Buyer Rebate is 40% of the Cooperating Broker Commission. For properties with a purchase price equal to or greater than $250,000.00, the Owners.com Buyer Rebate is 50% of the Cooperating Broker Commission. *The Cooperating Broker Commission is the seller-paid commission due at closing to the broker who procures a buyer (in this instance, Owners.com).
Where Our Buyer Services Are Available: Owners.com offers buyer representation services in CA, FL, GA, IL, MA, OH, PA, and TX.
Owners.com Buyer Rebate Program Details:
Information About Owners.com Listing Packages
Listing packages and pricing vary by state. Where possible, we offer three packages: (1) FSBO Listing Package; (2) MLS Listing Package; and (3) Professional Listing Package.
MLS Listing Package: In connection with the purchase of an MLS Listing Package, Seller will be required to offer a commission to a licensed real estate agent representing a buyer purchasing your property. The purchase of the MLS Listing Package through Owners.com does not include this buyer’s agent commission. Each listing agent reserves the right to require a minimum buyer’s agent commission (not to exceed three percent of sales price). The amount of the buyer’s agent commission shall be agreed upon by Seller and the listing agent and will be set forth in the listing agreement. In the event that Seller and Seller’s listing agent cannot agree on the amount of the buyer’s agent commission to be offered, Seller’s purchase of the MLS Package will be terminated and any fees paid by by Seller to Owners.com for the MLS Package will be refunded. Also see FAQ – Buyer’s Agent Commission.
Additional MLS Fees: In certain circumstances, Seller may be required to pay an additional fee after the property is sold to cover additional fees charged by the MLS. Such charges, if any, will be explained and set forth in the listing agreement you enter into with Owners.com.
Professional Listing Package Minimum Listing Agent Commission Requirement: The Professional Listing Package is subject to a minimum listing agent commission amount of $3000. The listing agent commission is the greater of 1.5% of the purchase price or $3,000.
The estimated seller’s savings is based on a traditional listing agent commission of 3% less the Owners.com MLS Package cost of $395. The MLS Package is not available in all states.
Sellers Choose the Level of Agent Support: Real estate agent support is not provided with our free For Sale By Owner (FSBO) Package. For MLS and Professional Packages, a licensed real estate agent (Owners.com agent or a listing agent in the Owners.com referral agent network) will provide services as defined in the listing agreement with the seller. Our listing package details and pricing are available here: http://www.owners.com/for-sale-by-owner/sell.
Information about Owners.com Estimates
Owners.com Estimates use a wide range of data sources and cutting edge analytics to arrive at our best estimate for a property, but this estimate and any estimate that you may create using the "Create your own estimate" tool are not appraisals or other formal valuations of a property. All estimates are provided for informational purposes only, on an as-is basis, and without any representation and warranty. Any actions taken based on such estimates are at your own risk. For advice regarding the valuation of a property, please contact a real estate professional.