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Welcome Home buyers! If you are planning to purchase a property in the
near future, you have come to the right place. At HomeCommission.com, Cash Back
Auction helps you find the real estate agents who can provide maximum cash back
from the commission paid to them in a real estate transaction.
This cash back can be a considerable financial help to the buyer who has to pay
huge settlement costs. Typically in a real estate transaction, 6% of the
property price is paid in commissions; 3% of which is paid to the buyer’s agent
and the remaining 3% is paid to the seller’s agent. At HomeCommission.com, if a
winning agent bids to pay 60% cash back, it would mean $7,200 cash back amount
for a $400,000 property. This can cover a major portion of the settlement costs
that you, as a buyer, has to pay. Only the winning bidder (real estate agent)
will see the buyer’s contact information and can contact the buyer to offer
this cash back !
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 Buyer's
View of
Cash Back Auction
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| Registration is required to create a Cash Back auction. It is quick and easy
and should not take more than 5 minutes. HomeCommission is entirely free to
buyers and agents. To register simply click on
Buyer/Seller Registration.
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Once your registration is complete, you can create a Cash Back auction. This
process will require you to provide the following information:
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Auction start and end date & time
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Your price range to buy property
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Minimum cash back that you are expecting i.e. 10%, 20% etc.
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Property requirements
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Cities in which you intend to purchase the property
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The auction will automatically open for bidding at the auction start date &
time indicated by you. Once open, the auction will invite real estate agents to
bid the Cash Back amount they are willing to give after the buyer finds a home.
This will create an ideal competition among realtors.
You as a client and a buyer will be able to see the profile, read reviews and
view each bidders (real estate Agents) rating . You will also be able to
decline a bid from any real estate Agent and also reserve the right to
terminate the Auction at any time.
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The bidding will automatically close at the specified auction end date &
time. By that time, the auction may have received several bids from various
real estate agents, however the agent with the highest bid would win. At
closing of the auction, your contact information such as telephone number and
email address will be revealed to the winning real estate agent.
The realtor may then contact you to establish a relationship leading you to a
successful property purchase. Please note that auction does not obligate the
buyer to any commitment unless a written contract is made. In other words, the
Cash Back auction is not a legally bound contract. At the closing of the
auction, the buyer is expected to contact the winning realtor or vice versa;
and discuss entering into a contract for the real estate property purchase.
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As a customer, you have an option to rate the realtor who provided you the
service of buying a home. You will provide this information after you have
dealt with the realtor and established a relationship. You may also provide
reviews that can be of great help to the realtor.
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