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 $8,100 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.
Buyer’s Savings Using Webdigs:
Here is a commission breakdown example on a $350,000 home.
Full Commission Real Estate Transaction |
|
| Total Commission ($350,000 x 6%) |
$21,000 |
| Seller’s Broker Commission (3.3%) |
$11,550 |
| Buyer’s Broker Commission (2.7%) |
$9,450 |
| Buyer Reward (You Receive) | $0 |
|
|
| 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 |
