03-30-2009 09:29 PM
I got my Redfin refund check today, and it's real!!!
Although, note to the nice folks at Redfin - you might recall that I've moved house (you had something to do with that), so you need to send it to my new address, not the old one.
03-31-2009 01:46 PM
Out of curiosity, how long did it take to get to you after closing?
Closed on 11 March, check arrived March 30th. (Probably would have arrived sooner if it hadn't needed to be forwarded from our old addres).
03-31-2009 01:49 PM
Your purchase must be huge to get that kind of refund!
A little math tells you that Refin refund half the commish they get, and they usually get 3%. So it's around 1.5, and 9250.50/1.5 * 100 = 619700. Which is a respectable amount, but not a staggeringly huge amount for LA, I guess. Also, it was a foreclosure, and the bank weren't (quite) paying 3%, so the house was a little more.
03-31-2009 05:26 PM
Also, it was a foreclosure, and the bank weren't (quite) paying 3%, so the house was a little more.
Does that mean if the bank doesn't want to pay the agent, the commission has to come out of the buyers pocket as part of the selling price?
03-31-2009 05:29 PM