If you are buying a home that is listed for sale with a Realtor, the seller has already agreed to pay a commission to the buyer’s agent. If you don’t have your own agent, that Realtor will most likely try to represent you AND the seller to make a double commission. This is known as “dual agency.”
Since a real estate agent’s commission is paid by the seller from the proceeds of the home sale, many buyers do not “feel” as though they are paying one until they read their closing statement at the end of escrow. It is then that they realize the listing agent received a commission for representing them, even though he or she may not have played a role in finding the buyer the home.
Of course, many real estate agents deserve their full commission by working diligently to find a client the right home to purchase and numerous complicated issues can arise during escrow. It is important that a buyer be able to rely upon the advice and professionalism of an experienced real estate agent.
Our highest service option, we represent sellers for a 1.5% commission and advertise homes under our Savanna Real Estate banner.
We list your home on the MLS and you offer a full 2.5% commission to the buyer’s broker. In the event an unrepresented buyer wants to purchase your home, we can represent them for a discounted 1.5% commission, making the total commission 3%. Otherwise, it will be 4%.
While you are guaranteed to save at least 1% (possibly 2%) off the traditional 5% total commission, it is our experience and expertise that has earned the endorsement of so many of our past clients.
Please review our Sellers page learn about the services we offer in greater detail.
A February 9, 2007 Internal Revenue Service ruling states that “a payment or credit at closing from [Broker] represents an adjustment to the purchase price of the home and generally is not includible in a purchaser’s gross income.” While it would be helpful, providing further clarification on this issue does not appear to be on the top of the IRS’s list of priorities.
Source: IRS Index Number 61.00-00, 6041.00-00
You may search for properties in specific school districts by utilizing our search option. Once there, click in the “Location” box and a “School District” option will appear. Enter the name and any other criteria.
These sites are useful to learn information about individual schools.
School Rankings – This site uses the API (Academic Performance Index) to rank the quality of schools based on standardized test results.
School Quality Snapshot – The California Department of Education provides data to help parents compare schools.
ED Data – This site offers “quick access to timely and comprehensive data about K-12 education in California.”
These sites can assist with finding the boundaries of local school districts: