You Could Get a Rebate for Buying a Home Without an Agent

Photo (cc) by Images_of_Money

The Internet has made it easier than ever for potential homebuyers to find a home without involving a Realtor. Now, doing the homework yourself may qualify you for a rebate on a home purchase.

Owners.com, which features a large database of homes for sale across the U.S., is now offering brokerage services. The company will rebate up to half of its commission (or a max of 1.5 percent of the purchase price) to homebuyers who use its site to purchase a home in select states.

In a statement, Steve Udelson, president of Owners.com, said:

“Consumers should be financially rewarded for the work they do themselves when buying or selling a home, which millions of people are already doing today. We’re providing a team of expert real estate agents who can help consumers navigate the complex real estate transaction process and offer great incentives for both buyers and sellers when they handle some of the work on their own.”

According to the Owners.com website, rebates are available for qualifying houses purchased in:

  • California
  • Florida
  • Georgia
  • Illinois
  • Massachusetts
  • New Hampshire
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • South Carolina
  • Texas

A 2014 California Association of Realtors Home Buyer Survey revealed that today’s homebuyers spend more than five months searching online for a home. Nearly half (45 percent) of buyers said they found the house they ultimately purchased by themselves.

Owners.com said this is an example of how a homebuyer could benefit from the rebate:

… a buyer who shops thoroughly over a period of months, scouring multiple online sources and visiting neighborhoods, and who decides on a property, looks at comparable sales, and has an offer in mind, may just need help documenting the offer and closing the deal. From Owners.com they can receive transaction assistance that goes from offer to closing, and Owners.com will rebate half of its commission to them in select states.

On a $300,000 home, a homebuyer could potentially receive a rebate of $4,500, which would be applied to the buyer’s closing costs.

Check out “Home Buying 101: How to Choose the Best Mortgage Option for You.”

7 Dumb (Expensive) Moves Homebuyers Make” also has some great tips for potential homebuyers.

Have you purchased a home without a real estate agent? Share your experiences below or on our Facebook page.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
Stop Buying These 19 Things Online
Stop Buying These 19 Things Online

The internet has changed how we shop. But for some things, you’re still better off buying the old-fashioned way.

The 2 Biggest Retirement Fears of Baby Boomers
The 2 Biggest Retirement Fears of Baby Boomers

Boomers have a lot of worries as they age, but two stand out.

The Most Common Reason That Older Adults Fall Down
The Most Common Reason That Older Adults Fall Down

The good news: It’s possible to avoid potentially devastating falls.

10 Colleges That Offer Free Tuition for Seniors
10 Colleges That Offer Free Tuition for Seniors

These schools let retirement-age students study, tuition-free, while earning college credit.

21 Things You Should Always Buy at a Dollar Store
21 Things You Should Always Buy at a Dollar Store

Dollar stores have great bargains on both everyday and occasional purchases.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

Whether you resell it for a big profit or add it to your own wardrobe, this type of clothing is a hidden steal.

10 Things Frugal People Never Buy
10 Things Frugal People Never Buy

If you’re a true tightwad, the mere thought of spending money on these items gives you the willies.

7 Social Security Benefits You May Be Overlooking
7 Social Security Benefits You May Be Overlooking

There’s more to Social Security than retirement benefits.

This Simple Mistake Might Weaken Your COVID-19 Vaccination
This Simple Mistake Might Weaken Your COVID-19 Vaccination

Avoid doing this before you get vaccinated.

10 Cars You Are Most Likely to Keep for 15 Years
10 Cars You Are Most Likely to Keep for 15 Years

The cars that owners hold onto the longest have one thing in common, a new study shows.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

The 6 Best Investing Apps for Beginners
The 6 Best Investing Apps for Beginners

If you’re looking to ease into investing in the coronavirus economy with just a little money, check out these easy-to-use tools.

7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

Taking a Multivitamin? Here’s Why You Should Reconsider
Taking a Multivitamin? Here’s Why You Should Reconsider

A new study has bad news for the millions of Americans who spend money on multivitamins.

10 Deep Discounts Available on Amazon This Friday
10 Deep Discounts Available on Amazon This Friday

These items are all steeply discounted — but the deals won’t last long.

11 Products Now in Short Supply Due to the Pandemic
11 Products Now in Short Supply Due to the Pandemic

Many goods we take for granted have become tough to find in 2021.

13 Amazon Purchases We Are Loving Right Now
13 Amazon Purchases We Are Loving Right Now

These practical products make everyday life a little easier.

9 Things You Should Never Leave in a Car
9 Things You Should Never Leave in a Car

Thinking of leaving these possessions in a car? Prepare for unexpected consequences.

9 Mistakes People Make When Cleaning With Vinegar
9 Mistakes People Make When Cleaning With Vinegar

Cleaning with vinegar can save you a lot of money, but using it like this can cost you.

8 Things You Should Replace to Improve Your Life Today
8 Things You Should Replace to Improve Your Life Today

Being frugal isn’t smart if you put off replacing these items.

7 Income Tax Breaks That Retirees Often Overlook
7 Income Tax Breaks That Retirees Often Overlook

Did you realize all these tax credits and deductions exist — or that they apply to retirees?

Prepare to Pay More for These 31 Drugs in 2021
Prepare to Pay More for These 31 Drugs in 2021

More than 700 prescription medications have seen price hikes so far this year. Here’s a look at the worst.

10 Things Successful Retirees Do Differently
10 Things Successful Retirees Do Differently

These habits and characteristics can help put you on the track to success.

7 Costly Health Problems That Strike After Age 50
7 Costly Health Problems That Strike After Age 50

As we age, our bodies wear down. Here is how to cut costs associated with some common ailments.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.