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 1/3 of it or $3,000, whichever is greater, and then reward you with the rest. So in this case, you'd receive $6,300 after closing.

Buyers' Savings Using Webdigs:

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

Real Estate Transaction
Total Commission ($350,000 x 6%)	$21,000
Seller’s Broker Commission (3.3%)	$11,550
Webdigs Retained Portion of Commission (0.9%) (Webdigs retains 1/3 of traditional buyer’s broker full commission OR $ 3,000, whichever is greater)	$3,150
Buyer’s Reward (1.8%) (You Receive)	$6,300

 

 

  

 

$6,300 could buy you new living room furniture, three flat-panel TVs or central air conditioning!