Getting a real estate buyers rebate involves a little work, but the end result is that you put thousands of dollars into your pocket that you can really use after the closing of the house. There are no special requirements or applications to fill out because anyone buying a home qualifies for the rebate, you just have to know where and how to focus your efforts so you can take advantage of this huge opportunity.
What is a Real Estate Rebate
The real estate rebate is essentially a reward or motivational device used to get home buyers to work with certain realtors. Not all realtors take part in giving rebates because it is essentially a cut of their pay check. Working on their own, the realtor decides in advance what percentage of their commission they want to give to the home buyer in exchange for using their services. If you sign a contract with the realtor and they agree to give you the real estate rebate, the day of closing you are handed a check for the agreed amount of cash.
How to Get the Real Estate Rebate
In order to get the real estate rebate, you have to inquire with the real estate agent even before you agree to work with them. This is not something agents advertise or promote because it does take from their money. This is basically a reward system, and each realtor works differently. If you have a realtor or two in mind, ask politely if they are willing to participate in the rebate. if yes, agree to the terms before signing the contract and you are all set. Once you get to closing, the realtor will honor the agreement and cut you a check for a portion of their commission.
How Can the Rebate Be Used
Once you get your rebate at the house closing, the money is real cash and can be used for anything. Perhaps you need to pay a moving company, deposits on utilities, or to cover the cost of getting new furniture. Many home buyers use the cash to stock their refrigerator with plenty of food because they are a week or two from getting their next paycheck and basically out of cash. In many cases, the rebate can amount to several thousand dollars, so this money can certainly go a long way when you are rubbing nickels together after getting through the house closing.
There you have it, now you know how to get a real estate buyers rebate and walk away with a nice chunk of cash after buying a house. For more info visit: RebatesOnRealestate.com