RebateOnRealEstate.com
WHERE YOU GET $3,000 OF MY COMMISSION FOR BUYING REAL ESTATE WITH ME
Frequently Asked Questions
How is this all free to me as a buyer?
The seller always pays the commission on a home you buy. A real estate agent never charges the buyer for their services. That is why you pay the same price for a home whether or not you use a real estate agent. The seller usually has already agreed to pay the listing agent a fixed commission - say 6%. So, whether you buy the house by yourself or through an agent, the listing agent gets a 6% commission. Therefore, in most cases you cannot approach the seller for a discount, since the seller is paying 6% no matter what. It will be either 6% to the listing agent, or a split of 3% to the listing agent and 3% to the buyer's agent. This is where we come in, we give you $3,000 dollars of our 3% in the form of a rebate). Are rebates legal in every state? Rebates are legal in the majority of states. However, some states haven't joined the bandwagon yet. Those states are: Alabama, Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, Tennessee, New Jersey, Oklahoma, Oregon and Wyoming. If you live in one of the states where rebates are not legal and you want them to be, please write your Senator & Congressman, or send us an email, and we will forward it to the Department of Justice! For now, we can donate your rebate to the charity of your choice in these states. You will be helping your favorite charity and receiving the tax benefits of making a significant donation. Do I have to use a certain lender if I use you? We are completely separate from lenders. You can still use whichever lender you want (including lenders offering incentives as part of new construction builder programs). We simply connect you to a Realtor who is participating in our rebate program, and will share his commission with you at closing. We do not require you to use any specific lender. Do I get real cash at closing? Yes! The rebate is put right on the HUD-1 closing statement, so you can bring less of your cash to closing, and use your rebate cash instead, to pay closing costs or etc. Or, we will write you a check within 10 days of closing. The choice is yours. Does a rebate have to be disclosed to the seller? No! The rebate is a confidential agreement between you and your agent. How do you make money? Our network of agents keeps half of the commission. They feel that you deserve a rebate because you are actively involved in the search process. Technology makes it easier for buyers to perform some of legwork traditionally provided by an agent. This frees the agent's time to focus on the part of the deal the agent does best, negotiating, contracts and closing the deal. |
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We Pay you $3,000 of our commission on closing. Click the graphic below for details.
My Fee arrangment demonstrates my committment to you.
I get paid ONLY when you sell!
Were here to help! Call us anytime with any question you have about our CASH REBATE program.
The rebate will be paid or credited to the party or parties named as the "buyer(s)" or "borrower(s)" on the HUD-1 Closing Statement or equivalent official closing statement. This rebate program is only available where permitted under state and federal law and when not otherwise prohibited by the buyer's lender(s). There may be tax consequences to the rebate. If you need legal or tax advice, you should consult with the appropriate professional. Offer subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice. Serving all of Massachusetts © RebateOnRealEstate.com, 1999 - 2011 All rights reserved
