Are home buyer rebates a scam?

Answer:

They may sound too good to be true, but home buyer rebates are legal in 40 states.

Are home buyer rebates a scam?

The US Department of Justice is urging the remaining ten states to remove their restrictions. The Federal Government recognizes home buyer rebates as being beneficial to consumers.

Moreover, the IRS has determined that home buyer refunds are not taxable. They see them as a reduction in the sales price rather than a source of income for home buyers.

In a typical real estate transaction, there are usually two agents — the seller’s agent and the buyer’s agent.

The agents split the commission, usually 6% of the sales price of the home (3% goes to each agent). If there is no buyer’s agent, the seller’s agent keeps the entire 6% fee.

In a home rebate, the buyer’s agent gives back a portion of their commission to the buyer instead of keeping the entire commission to themselves.

Our average home buyer rebate is $8,569.

Click here to get your 2% home buyer rebate in Texas.

Getting the rebate is easy. From a buyer’s perspective, there is nothing different in the process from any other sale…except that you get money back at the end.

Simply start by looking for a home that fits your needs, lifestyle and budget. Then call us when you find a property you would like to submit an offer on.

Click here for more information on getting a rebate on a new build home.

Click here for more information on getting the rebate for an existing home.

By | 2015-04-15T23:42:28+00:00 April 15th, 2015|Buyer Questions|