Friendly Help
Anderson,#2Consumer Comment
Sat, March 01, 2008
My FIL might have been a bit harsh with that admonition, but it has its merits. The more complicated a 'deal' is, the more warning bells that go off for me. Your 'deal' did sound way too complicated. Which I inferred was also your feeling.... but you trusted someone you knew. I would be curious (if I were you) to know if your RE agent made a comission on that 'rebate' deal. B/t/w I presume you left out some details, like what made this rebate seem appropriate, and how much was the rebate supposedly going to be considering that you paid the '1/2% of the sales price' fee. The entire comission? I would doubt that. Was it 1% of the sales price? That would seem to be a bite on the RE agent's, as well as the RE agency's, pocket. Companies offer rebates as a form of a direct-to-consumer price reduction- which many buyers then fail to collect- to generate buyer interest. Many people find 'free' and 'money back' deals to be irresistible.