Buyer Rebates for Florida Home Buyers
Buyer rebates in Florida: Making Home Buying More Affordable for Everyone
Learn about buyer rebates in Florida and how you too can be compensated for buying a home!
In light of modern technology and the instant availability of information today, it’s a fact that most home buyers do the majority of the work themselves when they’re shopping around for a home. Shouldn’t you be compensated for that? Answer: Of course you should! That’s where buyer rebates come in.
What is a home buyer rebate?
In a traditional real estate arrangement, the seller’s agent (listing agent) and buyer’s agent receive a commission, which is calculated as a percentage of the total sale price of the home in question.
If you live in a state where buyer rebates are permitted, either agent has the right to offer a portion of that commission as a rebate back to their client. At DiscountMLSFlorida, we see the incredible value in this offering, and we are thrilled to offer it to our buyer clients.
How is the buyer rebate distributed?
Although you will not receive the rebate as a true cash refund, you will see it as a credit to you on your closing statement. This helps cover part of the closing costs, which can include any number of items and can sometimes run as much as 5% of total purchase price of the home. As you know, expenses add up when you’re relocating and buying a new property. Every little bit helps!
Are there any stipulations of the buyer rebate program?
Yes, but they are very simple. If you are buying a newly-constructed home, you will simply tell the developer that you are working with an agent and give them our contact information. If you’ll be touring properties, the process is slightly more complex but still very easy for you as a buyer. In either case, all you need to do is ensure that every agent or seller you encounter throughout the “house hunting” process knows that you have an agent and when you do submit your offer, our firm must be listed as your representing brokerage. It’s that simple!
It’s also important to know that, from a legal standpoint, the details of your buyer rebate must be included in your original offer to purchase. To make the process as easy as possible, make sure your lender knows about your rebate before you even submit your offer. That will save you from any surprise stipulations down the road.
For a complete overview of our buyer rebate program, or if you have questions about working with our team, please feel free to reach out to us at any time that is convenient for you. We will do our best to present everything in terms that are easy to understand, and we will be happy to guide you through every step of the process.
Only an administrator can add new users.