Buy a Home & Get Cash Back!
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Buyer Representation FAQs
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How much cash can I get for buying a builder's new construction home?
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Will using a REALTOR® agent to buy new construction hurt my negotiating position?
If you have other questions, or would like additional clarification, feel free to e-mail or call us at 972-402-8888. We will be happy to answer any questions you have.
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Can I really get cash back for buying homes?
Yes, you can!
How does it work? Home sellers, builders, and other brokers generally offer commissions to licensed real estate agents for bringing them buyers.
Unlike other brokerage firms, we SHARE these commissions with the buyers we represent.
How can we afford to do this? First, rather than "driving neighborhoods" and finding out a buyer's search criteria as we go, we have a systematic process for collecting this information over the web, over the phone and/or in person. This process significantly shortens the amount of time we spend looking for homes. When our time is reduced, we can afford to share our commission!
Is is legal? Yes, in most states! Most states allows licensed agents and brokers to share/rebate their commissions with sellers and buyers of real property. This money may be used for any lawful use, including closing costs, prepaid taxes and insurance, or anything you want!
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How much of your commission will you share with me?
We share up to 50% of our commission with our buyers. The exact dollar amount you will receive is determined by the following factors:
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The sales price of the home.
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The total commission offered to buyers' agents.
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The total amount of time we spend working with you through closing.
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Our minimum commission amount and other rules.
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For what can I use the money you share with me?
You can use the money for practically anything you want! Really! Window treatments, furniture, moving costs, closing costs, pre-paids, etc.
Some lenders (e.g. FHA) limit the use to closing costs and/or pre-paids, but it is cash just the same!
Click here to see our buyers' top ten uses of their cash at closing.
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How much cash can I get for buying new construction?
The commissions that builders offer are generally very competitive with existing home sales. We find that most builders offer a 3% commission to licensed agents.
Your share can be as much as 1.5% of the sales price!Click here to see how much you can get!
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Will using a REALTOR® agent to buy new construction hurt my negotiating position?
No!
Contrary to popular belief, builders won't reduce the sales price of a home by cutting out an agent's commission. REALTOR® agents' commissions are built into the price of the home and are reserved exclusively for licensed agents.
Why? Builders want to offer consistent pricing to everyone - especially REALTOR® agents who bring them a lot of buyers!
Our commission sharing service is even better in that you get CASH at closing! Think about it. You can use the cash for anything you want - closing costs, moving costs, window treatments, furniture, etc! Isn't that a lot more flexible - and fun? Some loan programs have some restrictions (e.g. the commission amount shared must be used for closing costs and/or pre-paids), but it is still treated like cash!
If you do not use a REALTOR® agent to represent you, you also will not benefit from their experiences with builders in your area.
Warning: If you visit, or register with, a builder without contacting us first, the builder may disallow a real estate commission and you will lose your opportunity to pocket up to 1.5% of the sales price! Don't forfeit your chance! CALL US FIRST! Also, if we have referred you to a builder, please tell the builder we referred you and let us accompany you on your first visit. If you have already met with the builder, but have not signed a sales contract, we MAY still be able to help you, but it will be up to the builder to decide. Call us at 972-402-8888.
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Can you show me other REALTOR® agents' listings?
Yes! Virtually any home listed for sale by a fellow agent/broker REALTOR® can be shown by other REALTOR® agents/brokers (including DISCOUNT-REALTOR®) who are current members of the NATIONAL ASSOCIATION OF REALTORS®.
However, unlike other REALTOR® agents/brokers, DISCOUNT-REALTOR® shares with you up to 50% of the commission the listing broker offers to selling brokers!
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