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Frequently Asked Questions
Frequently Asked Questions
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!).
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.
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.
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.
We are adding developers constantly. You may check
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.
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.
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.
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)
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