Wise Home Refund

09/22/2020

New listing coming soon

Check out this new listing 19422 Desert Oak, San Antonio, TX 78258, from Realtor ® Chris Yonker

01/21/2020

The real estate market is about to heat up --- Here's how to still save money in a seller's market.

Wise Home Refund partners with educated homebuyers to give them cash back at closing. Reduced, flat 1 percent commissions instead of standard real estate agent commissions for the do-it-yourself homebuyer

12/03/2019

"You don’t get a discount for not having a realtor. But you can find an agent who will give you a discount." Get today's tips for homebuyers who can get money back at closing.

12/02/2019

A class action lawsuit was filed in March of 2019 against the nation's largest realty trade organization, four of the largest real estate brokerage franchises and a number of local associations representing the largest cities in the country.

The suit, filed in United States District Court's Northern District of Illinois, alleges the National Association of Realtors (NAR) conspired with the local realtor boards and large national brokerage franchises such as Keller Williams Realty, Inc. and RE/MAX Holdings, Inc. to require buyers to pay their broker inflated commissions, in violation of federal antitrust law. Read the complaint.

While the results of this suit may not be known for years due to the nature of the allegations and potential ramifications to powerful and heavily-entrenched real estate trade associations and brokerages, it is clear that consumers are speaking up and attempting to level the real estate playing field.

The plaintiffs in this suit are represented by some of the best law firms in the country, which is significant: the two lead firms have been successful in actions against behemoths like Apple and Toyota in the past.

The amount of money at stake is staggering when you consider the volume and average dollar amount of closed transactions in even just the largest cities.

San Antonio for instance has about 10,000 active listings presently, with an average list price of around $350,000. That's $110 million on the line for just the buyers' agents' 3% commission. Include Houston, Dallas and Austin to the mix --just to name a few-- and things really begin to look interesting, not to mention specter of treble damages that may be awarded in antitrust cases.

Times are changing. For now, we all have to work within the system - but consumers should have a choice when it comes to what they pay for buyer representation, and it appears they are finally starting to demand it.

If you're buying soon, though, you can skip the forced 3 percent commission by contacting me and setting up a free phone call to discuss your options for buying a home and getting cash back at closing.

11/25/2019

Why haven't you heard of commission rebates before? Don't really understand how they work, if it's legal, or what your agent makes when you buy a house? You aren't alone, a study found.

"Most buyers find the property they want to buy on their own, on the internet and without a Realtor, but are forced to pay for one anyway"

A new study shows that most real estate agents (and the brokerages who employ them) are less-than-forthcoming about their commission fees—a practice that researchers say has reduced price competition and stalled negotiating power for American homebuyers.

11/22/2019

Does money back at closing seem too good to be true? Here's more information about how it works

Can you get part of the sellers commission back at closing? Absolutely.

11/20/2019

Not everyone needs a full-service, traditional real estate agent, especially if you have already bought a home before.

When I bought my house in San Antonio last year, I got 2 percent of the sales price back. But it was a long search to find an agent who would be agreeable to that -- even though the contract forms are publicly available and we had already picked out the house and were pre-approved. We decided (after finding an out-of-town-agency that would do it) to do it on our own for people who were like we are: educated and experienced homebuyers.

Read the full story here:

Think getting cash back at closing is too good to be true? So did I. But I managed to find a way to do it and now I'm offering the same services for other homebuyers who don't need traditional real estate agent services but still want oversight of the purchase and negotiation services of a licensed....

11/19/2019

How much could you get back at closing? Click on this calculator to see

Custom calculator, built using CALCONIC_