FREQUENTLY ASKED QUESTIONS?

How do I receive my buyer's rebate?
You receive your rebate at closing. The rebate is paid directly to you, the buyer(s) of the property. In all cases, you may choose to have the money applied as a credit towards your closing costs, your pre-paid expenses, and your VA non-allowables. Your buyer's rebate will be shown in the closing settlement sheets and on the HUD-1 documents.

Is the buyer's rebate taxable income?
No, the rebate is simply a reduction on your taxable basis in the property you buy. There's no Form-1099 because the rebate is not income. It's the same as a rebate when you buy a car, or a cellphone, or a rebate you receive back on your credit card purchases.

Do I have to use a certain lender in order to get the buyer's rebate?

 Of course not! Please use the lender of your choice. And we encourage you to shop and compare programs and rates. Get several Good Faith Estimates -- in writing!

Can I make an offer to buy a home contingent upon the sale of my existing home and get the buyer's rebate?

If your existing home is already under contract to close in the near future, yes, in most cases.

Can I use any real estate agent and still get the buyer's rebate?

No, you receive our buyer's rebate only when we represent you as your Realtor®.

Can I get the buyer's rebate if I buy a brand new home, even one built from the ground up?
Yes, but please be absolutely sure to have us accompany your first visit to model homes so that we may sign up as your Realtor®.

Another agent showed me the home I want to buy. Can I buy it through you to get the buyer's rebate?

No, this is not possible.

Can I get the buyer's rebate on a FSBO (For Sale by Owner)? And, can I get the rebate on a foreclosed property?

FSBO's are ineligible. Some foreclosures are eligible, but not properties which require bidding.

Can I get the buyer's rebate on homes I saw advertised elsewhere, or ones that I saw driving by?

Yes, be sure to ask us to set up the showing(s) so that we can represent you as your Realtor®.

Should I get a lender's pre-qualification letter before looking at properties?

Yes, before requesting showings, please talk with a lender to get pre-qualified. You'll need a lender’s pre-qualification letter to present with your offer, so its in your best interests to be prepared! Plus, its a good idea to know in advance how much mortgage you qualify for, and what the monthly payments will be including principal, interest, taxes, and insurance.