How Buyers Save With Webdigs

In most real estate transactions, there are two brokers involved: a seller’s broker and a buyer’s broker. Both brokers are represented by agents, who work directly with the clients. As payment for listing a home, the seller’s broker charges a commission, which is usually 6% of the total sale price of the home. The seller’s broker then splits the commission between the two brokerages; the seller’s broker typically keeps 3.3% of the price of the home and the buyer’s broker is given 2.7%.

For example, if you're buying a home for $350,000, the typical 6% commission is $21,000. Of that $21,000, the seller’s broker receives $11,550 and the buyer’s broker receives $9,450.

If you’re buying that same home and are represented by Webdigs, we would receive the $9,450 commission from the seller's broker, retain 1/2 of it or $3,000, whichever is greater, and then reward you with the rest. So in this case, you'd receive $4,725 after closing.

Buyers' Savings Using Webdigs:

Here is a commission breakdown example on a $350,000 home.

$4,250 could buy you new living room furniture, three flat-panel TVs, central air conditioning or a whole lot of gasoline!

Note: Your rebate is paid within 3 days of when we receive our commission - usually, sometime between the date of closing and 15 days. This rebate is your money to do with as you please. And the IRS has made a ruling on behalf of a real estate brokerage, that rebates such as ours are not taxable. The average rebate is around $4,725 for a $350,000 home; Webdigs' minimum commission is $3,000.

Although the industry standard is $495, Webdigs charges our clients an Admin Fee of ONLY $295. This shows up on the HUD Settlement Statement as a Closing Cost.