Question 1

How much does it cost to work with Realty Deals?

Accepted Answer

For New Constructions: Nothing!  Working with Realty Deals is free for buyers.  We make our money via the commission the developer pays.  On top of not costing you anything,  we also give you a 1.9% cash back rebate.  So buying with Realty Deals gets  you a better buying experience AND you get rebated 1.9% of your  purchase price!

For Resale Apartments: We charge our buyers and sellers a commission of 0.5%. It is the lowest commission in Mumbai and Pune (that we know of!).

Question 2

What services do you provide home buyers?

Accepted Answer

We provide all of the services of a traditional real estate agent,  with better data-driven tools, increased transparency and more  responsive customer service.  We can help with as little or as much of  the home-buying process as you require.  Some clients come to us with a  home already found and a price in mind, and need assistance with  assessing the home and executing the transaction.  Others are still  figuring out their budget, what they're looking for, and advice on where  to focus their search.  Wherever you are in your home buying journey,  we’re here to seamlessly guide you through your home buying process -  finding the right home, valuing it, understanding the disclosures,  submitting a competitive offer, and closing the transaction.  We're with  you from start to finish.

Question 3

How are you different from a traditional buyer's agent?

Accepted Answer

With Realty Deals, you’ll  be working with one of our fully-licensed real estate agents and get  all of the buying services provided by a traditional real estate agent,  with better data-driven tools, increased transparency and more  responsive customer service.  So in many respects, your buying  experience will be the same as working with a traditional real estate  agent - only better!

In terms of how we’re different, firstly, we  offer 1.9% cash back on new constructions and charge only 0.5% on resale apartments.  This is the largest buyer’s rebate in Mumbai and Pune (that we know about)!  That is hundereds of thousands of rupees that  you can put that towards buying new furniture, renovating your kitchen  and bathrooms or throwing that all important housewarming party (or more  responsible uses like paying down your loans).

Secondly, our  backgrounds are different than traditional real estate agents.  We are a Cornell Real Estate Undergrad and IITians, who have also worked at some of the top real estate firms (Indiabulls and L&T). We leverage our data-driven, customer-oriented experiences to deliver a  more insightful, analytical and responsive home buying experience.

Thirdly, Realty Deals has built custom analytical tools to bring data, insight and  transparency to the key buying decision points and streamline the buying  process.  For every home you’re interested in, we provide a Custom Valuation Report,  an easy-to-interpret spreadsheet of recent comparable transactions,  competing listings and valuations.

All-in-all,  we’ve designed the buying experience that we would have wanted when we  bought our homes, and we’re sure you’ll love it, just like our current  and past clients have.

Question 4

Who will be my day-to-day point of contact at Realty Deals?

Accepted Answer

One of our licensed real estate agents personally leads each transaction  and will be your day-to-day point of contact throughout your home  buying journey.  We work closely as a team, and are able to jump in for  each other if and when you have a time-sensitive request.

Question 5

For new constructions, what developers in Mumbai and Pune do you cover?

Accepted Answer

We are adding developers constantly. You may check

Question 6

Do you also work with commercial properties?

Accepted Answer

Yes, we do work on commercial properties. The terms are the same as they are for residential properties, with 95% commission rebate for new developments, and 0.5% brokerage being charged for existing developments.

Question 7

Realty Deals' 1.9% cash back rebate offer sounds too good to be true. Is there a catch?

Accepted Answer

There is no catch!  We started Realty Deals as we think there needs to be a  better way to buy a home based on our own home buying  experiences.  Buying agents get paid 2% of the purchase price, which  means on a typical Rs. 1 crore home, they get Rs. 2 lakh. Given escalating real estate prices, that didn’t feel right to  us, so we rebate 1.9% of the purchase price back to the buyer. We still  offer all of the services of a traditional real estate agent, with  better data-driven tools, increased transparency and more responsive customer service. It is the home buying experience we wanted when we  bought our homes.

Question 8

On a new construction, how are you able to pay 1.9% of the purchase price cash back to buyers?

Accepted Answer

The developer generally pays the agent 1.9% of the purchase price.  On a Rs. 1 crore home, that’s  Rs. 2 lakh to each agent.  We think buyers should keep more of their money,  so we rebate 1.9% of the 2% commission back to the buyer, and Realty Deals keeps the other 0.1%.  We leverage technology (and work around-the-clock!) to provide a higher-level of service to our clients.

Question 9

On a new construction, how and when do I get the 1.9% cashback?

Accepted Answer

We wire you your cash back rebate as soon as the developer pays us. You can then use your cash back rebate to buy new  furniture, renovate your kitchen and bathrooms or throw that all  important housewarming party! (or use it to pay down your loan)

Frequently Asked Questions