Buying a home in a competitive market can be challenging, but with the right approach, it’s possible to secure the perfect property and save significantly. A couple with two young daughters recently worked with us to buy their dream home in a large community in Redmond. Here’s how they navigated the process and walked away with nearly $46,000 in savings.
The Search for the Perfect Home
The family began their journey by exploring open houses independently, narrowing down their options in their desired community. When a property they loved hit the market, they wasted no time and scheduled a private home tour with us on the same day.
Confident that this was the home for them, they moved quickly and asked us to submit an offer to the seller. However, the seller came back with a request for a revised price and terms. The family decided to adjust their offer, and we submitted the revised offer promptly. Their swift actions paid off—the sellers accepted the revised offer the next day, beating out two other competing offers.
Breaking Down the Costs and Savings
The home was priced at $1.9 million, with the sellers offering a 2.5% buyer agency commission totaling $47,500. Here’s how the transaction costs and savings unfolded for the family:
- Buyer Agency Cost: $1,650
- Home Tour (30 minutes): $150
- Offer Submission (2 revisions): $250
- Closing Support: $1,250
- Rebate Received at Closing: $46,250
- (Seller commission: $47,500 - Buyer agency cost: $1,250)
- Total Savings for the Buyers: $45,850
This rebate of $45,850 gives the family the financial flexibility to remodel a brand-new kitchen, plan several memorable vacations, or build a solid college fund for their daughters.
A Winning Strategy in a Competitive Market
This success story highlights how a proactive approach and strategic support can make all the difference in a competitive housing market. By leveraging our efficient services for touring, offer submission, and closing, the family was able to secure their dream home while maximizing their financial benefits.
Are you ready to find your dream home and save big? Partner with us today and let’s make it happen!