New York apartments are expensive, especially compared to the rest of the country, but luckily things are changing thanks to a new startup that offers cash back on commission rebates in the city.
Prevu, a NYC-based real estate technology platform on a mission to save homebuyers money, has created an online buying experience that guides you through your home buying journey, plus offers up to 2% of your purchase price cash back with its Smart Buyer commission rebate. That’s up to $30,000 cash back if you buy a $1.5 million apartment.
Prevu’s Smart Buyer Rebate is straightforward and consumer friendly. Prevu rebates a set two-thirds of the commission it receives for representing you, and the rebate amount is disclosed prior to making an offer. By combining technology and salaried agents, Prevu has created a buying experience that is more efficient, and as a result, this allows the company to make real estate more affordable by passing on significant savings to New York home buyers.
For example, if a homebuyer purchases an NYC apartment with Prevu for $1.5 million — the seller pays a 6% commission ($90,000) with 3% going to the seller’s broker ($45,000) and 3% to the buyer’s broker ($45,000). Prevu gives two-thirds of their buyer’s broker commission to the homebuyer – a Smart Buyer Rebate of $30,000. That sure beats the $0 a homebuyer receives working with a traditional real estate broker.
Prevu delivers a seamless experience start to finish similar to what homebuyers are accustomed to in other parts of their lives, such as e-commerce, travel, or hospitality.
The Smart Buyer platform allows you to find your apartment or home with a customized property feed that transparently shows your potential rebate. Schedule showings at the touch of a button, ask questions in convenient messaging with a local expert, and when you’ve found the one, make an offer online with the guidance of a licensed agent. That’s right – search on your terms and receive expert advice when you need it. Finally, no more pushy agents.
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