A buyer rebate provides for some wiggle room on what a buyer is willing to pay.
Using today’s real estate technology, access to real estate market information is within a few mouse clicks. Armed with the price information and a broker’s help, it is possible to work out a better price during negotiations. The goal is for the seller and the seller’s broker to meet the buyer at a more reasonable price supported by market analysis during offers and counteroffers.
Technology has made the real estate market transparent. Pricing data of past sales and comparables are always available. The buyer will ultimately decide what is within their budget and an acceptable price to pay.
Remember to take the buyer rebate in consideration.