START THE BUYER REBATE PROCESS EARLY Contacting us before you sign any contracts will allow us to work with you through the process of obtaining a buyer rebate for your home purchase. In fact, the earlier the better because we are a full service real estate brokerage that can help Read more
Owning a home comes with monthly mortgage payments, property taxes, homeowners insurance, repair and maintenance of the things that break. Seems like a lot of responsibility, but not necessarily more than coming up with the monthly rent that allows you to live in your apartment. If you miss your rent, Read more
Upon 3 days of receiving your loan application, the lender will issue a loan estimate letter to you. It will include every feature of the loan to help you understand the scheduled repayment amounts that you are responsible for. The 3 page form is standardized by the federal government. Take Read more
A buyer rebate does not change nor diminish a real estate brokerage’s services. One of the many duties that brokers perform is to schedule and accompany buyers to see the homes that are listed for sale. After seeing a home together, it helps to compare notes between buyers and buyer Read more
A home seller always had the opportunity to negotiate the commission percentages in the listing agreement. Home buyer rebate advocates argued that buyers should have the right to negotiate commissions as the sellers are able to do. This results in the form of a buyer rebate from the buyer broker.
Sometimes coming up with the down payment or getting a loan is not easy. If you have a lot of credibility with your friends and family, then you can work something out with them. For example, it is possible to buy a house with a relative who can help you Read more
Lenders are informed of buyer rebates to comply with federal law. Lenders do not allow for money to be given to the buyer after the closing. Imagine: You are lending $80 dollars to the buyer with a $20 dollar down payment to buy a $100 home. How would you feel Read more
A mortgage is a commitment for you, and a risk for the lender. If you stop making payments on your mortgage after the home value drops from the original purchase price, the lender can sell the house in a foreclosure sale. If the foreclosure sale does not cover the remainder Read more
An annual percentage rate (APR) is the total cost of taking out the loan. By law, lenders are required to publish the APR. It is similar to the unit price (per pound/ per quart/ per 100 sheets) vs the retail price that allows borrowers to compare apples to apples. Sometimes Read more
The rebate agent is being paid the same way as any real estate agent in a real estate transaction. The seller typically puts up 5-6 percent of the sales price to be split between the listing agent and the buyers agent (rebate agent). Depending on the commission split percentage, the Read more