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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

     

    Acworth, Alpharetta, Atlanta, Auburn, Austell, Buford, Canton, College Park, Conyers, Covington, Cumming, Dacula, Dallas, Douglasville, Duluth, Dunwoody, Ellenwood, Fairburn, Fayetteville, Flowery Branch, Grayson, Hampton, Hiram, Holly Springs, Hoschton, Jonesboro, Kennesaw, Lawrenceville, Lilburn, Lithia Springs, Lithonia, Locust Grove, Lovejoy, Mableton, Madison, Marietta, Mcdonough, Monroe, Newnan, Norcross, Peachtree City, Powder Springs, Roswell, Sandy Springs, Smyrna, Snellville, Stockbridge, Stone Mountain, Sugar Hill, Suwanee, Tucker, Tyrone, Union City, Villa Rica, Vinings, Woodstock, GA - Georgia

    Cobb County, Forsyth County, Cherokee County, Paulding County, Fulton County (North - South), Douglas, Clayton, Henry, Coweta, Fayette, Dekalb, Gwinnett, Jackson, Walton, Hall, Newton, Rockdale, GA - Georgia

    Buyer Rebates Georgia, GA

  • Atlanta New Homes & Atlanta Home Builders

    Many ask “who is the best Atlanta home builder”? My response is: “Well, that depends on what is most important to you in a new home”. There is no simple answer for everyone -- just as there is no particular vehicle for all drivers. Most of us have to strike a balance between “affordability” and “quality” and buying Atlanta new homes is no different. If money was of no concern, then we could all custom build our home to meet our exact specifications -- but that is not reality.

    I have seen many of our buyers purchase new homes from what I deem to be “value” builders; bang-for-the-buck home builders. These new homes tend to be large in size with “no frills”. Since these builders typically don’t offer many upgrades or options, these homes are then upgraded (after the purchase) with hardwood floors, corian or granite counter tops, ceramic tile, etc.. These buyers save money by doing these upgrades themselves and thus are reaping more equity. The mere size of these homes aren’t even matched by higher-priced builders so these new home buyers are in a strong position after adding these upgrades.

    In conclusion, take a look at what you can afford. Then, exploit any disadvantage you see with a particular builder so you reap the benefits in the long term. Meaning, learn how to do the “small things” to your new home that make a “big difference” to your bottom line.

    Stephen Graham

  • Are Realtor Rebates Taxable?

    With tax season upon us, folks have been asking about whether Realtor rebates are taxable as income to the purchaser who receives the rebate.

    Common Question: What is the tax liability of a rebate?
    Answer:
    Our legal resources have indicated that a real estate rebate is not taxable. We do, however, recommend that you discuss tax ramifications with your tax professional.

     

    The information you obtain at this site is not, nor is it intended to be, legal advice.

  • Realtor Rebates Good For Consumers

    To everyone in the housing market, be glad you live in Georgia Smile. Realtor Rebates are legal in our State, but consumers in other states aren't so fortunate. For example, between 11 and 16 states currently prohibit or limit commission rebates by realty brokers. However, The United States Department Of Justice (USDOJ) is fighting for Real Estate Consumers all across the country. Realtor Rebates are good for Consumers. Here is a recent ruling in the State Of Kentucky where consumers weren't able to receive rebates from their agents. Recently, the State of Kentucky was sued by the Federal Government on anti-trust grounds because of its state law prohibiting rebates. Kentucky and the U.S. Department of Justice (USDOJ) have now reached an agreement which allows agents in that state to offer rebates.

    http://www.usdoj.gov/atr/public/press_releases/2005/210058.htm

    In its suit, the Justice department said the Kentucky commission's ban "is a violation of the anti-trust laws that inflicts higher prices on Kentucky consumers." Federal anti-trust laws "protect consumers against restrictions on competition," said Pate, "even when they are adopted by state-created entities like the Kentucky Real Estate Commission."

  • New!

    Welcome users. In an attempt to help users get the most out of their new home purchase, we have created a blog dedicated to New Homes.

    Enjoy! Big Smile

    Steve Graham