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Cash Back Commission Rebates - Home Buyer

Buyer Rebates Georgia, GA

Home buyers in Georgia (GA) are looking to reduce the cost of buying a home; can anyone blame them? Buyer rebates are a very effective approach to lower the cost of a real estate transaction for the home buyer. These rebates in Georgia generally range from 1% to 2%.

Depending on the buyer's lender-requirements, buyer rebates in Georgia (GA) can be applied to closing costs, an interest rate buy-down or a cash back rebate check after closing. A rebate puts thousands of dollars back into the hands of the buyer -- a monentary benefit that they would not usually receive. Generally, other parties to the real estate transaction would retain these funds; however, with a home buyer rebate in place, the buyer saves at closing.

Once the importance of a commission rebate has been established, then a home buyer needs to address the qualifications of the buyer's agent that will provide the home buyer rebate. I would not suggest merely selecting an agent based on the best rebate, but rather a combination of the service to be provided as well as a buyer's rebate. A good buyer's agent will go to bat for the home buyer that potentially saves the home buyer thousands extra through strong negotiations in all aspects of the transaction; one can be "penny wise, pound foolish" when selecting an agent solely on the amount of the rebate. What's most invaluable is when a buyer's agent will contend on your behalf for the numerous issues that usually arise during a real estate transaction.

Questions to ponder:

  1. Is the buyer’s agent focused on getting you a lower price and better terms than what is being offered by the seller and/or builder? There is potentially thousands to be saved by extrapolating the details of a real estate transaction through diligence on behalf of a true buyer‘s agent.
  2. Or alternatively, is the agent’s rebate-offer merely an attempt to make a quick sale to pick up extra business?

Before looking at any homes in Georgia (GA), consult with a buyer's agent that will not only offer the buyer a money-saving rebate but promote the buyer's interests too. Click here for rebates on new homes. Click here for rebates on resale homes.

The normal rebate schedule that I offer for full service, from contract negotiations to closing, is as follows:

  • 1%: $0 - $399,999
  • 1.5%: $400,000 - $599,999
  • 2%: Over $600,000

However, if you are merely focused on the rebate, click here for the maximum 2% cash back rebate for any price point -- whether it's a new home or a resale home.

Stephen (Steve) Graham
Associate Broker - Buyer Agent
Realty Professionals, Inc.
Georgia New Homes
Atlanta, Georgia -- GA

 

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Buyer Rebates Georgia, GA

Published Saturday, March 29, 2008 1:37 PM by Georgia New Homes - Atlanta, GA

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