The Fine Print
Your 2% cash back refund depends on the home's final price and the commission offered by its seller. In Virginia, the typical commission is 3%, however the seller may always offer less or more.
Take 2 Real Estate will represent you, the BUYER, for a minimum fee of $3,000 or 1% of the final sales price, which ever is greater.
Take 2 Real Estate will represent you, the SELLER, for a minimum fee of $3,000 or 1% of the final sales price, which ever is greater
Here are some examples:
Example 1: You purchase a home for $600,000. The seller has offered a 3% commission. Upon settlement, you would receive 2%, or $12,000, and Take 2 Real Estate would receive 1%, or $6,000.
Example 2: You purchase a home for $400,000. The seller has offered a 2.5% commission. Upon settlement you would receive 1.5%, or $6,000, and Take 2 Real Estate would receive 1%, or $4,000.
Example 3: You purchase a home for $275,000. The seller has offered a 3% commission. Upon settlement, you would receive $5,250, and Take 2 Real Estate would receive their minimum $3,000.
Note: You cannot use your refund as part of your down payment.