What Is A Home Buyer Rebate?
FREE money that a buyer gets back from their broker/agent when they buy a new home. The broker receives a commission or fee for bringing a qualified buyer to the table. The broker then gives a portion of that amount to the buyer in the form of a rebate. Buyers can then apply the money toward closing costs or a builder upgrade on your new home or get the cash back at closing. Buyers do not pay taxes on the rebate because it is considered a price reduction. It’s like a big coupon you get from stores where they might off a dollar off on a product.
- Buyers visit the builders on their own – The builders will have models set up in the subdivisions. The models are open daily for tours. There will also be on-site agents for the builder that can answer questions about the community.
- Let the on-site agent know that you have an agent and give them our information.
- Once you have decided on the builder and home you would like to move forward on we will contact the builder’s agent to get the paperwork started.
- You can decide how you want the rebate to be applied, meaning, you can apply toward closing costs or a builder upgrade or the cash back at closing. This will be in addition to any builder incentives that are being offered.
- If you decide to go with the cash back, which is the most popular option. The rebate is processed as soon as we are funded and everyone has signed their portion of the contracts. Generally the same day or the very next business day. We can do direct deposit into you account or hand you a paper check, your choice.
In conclusion, home rebates are free money and who says “no” to free money? Before you buy give us a try. We are never too busy. Call, text or email Gr8Day Realty before you make a buying decision. Let us save you thousands of dollars on your new home purchase in Texas.