BUYERS REBATES 

ABC is paid a commission representing you as a buyer.  We have a contract with you that stipulates 1% of the purchase price  will be credited to you as buyers at the closing. Your lender determines how the1% is applied.  Cash buyers do not have this issue.

·         We offer 1% of purchase price as we are able to run our virtual office less expensively.

·         IT ALSO WORKS ON NEW HOMES  Builders like Realtors® as we help them get buyers by selling the sellers home

·         The rebate means we are the cheapest way to buy your new home

·         Most of our buyers are also our sellers

·         The rebate must be in the contract to purchase

·         The rebate must be disclosed to the lender at loan application

·         Most restrictions on rebates are because there is a new loan used to buy the house

·        Rebates can be used in a number of ways, closing costs, loan or price reduction but they cannot be in cash or cash equivalent.

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Depending on how you receive the rebate and how it is applied determines whether it might be taxable.

·         Rebates lower the price (basis) you pay for the house

·         Rebates increase your profit when you sell

·         Rebates might be considered as taxable income if incorrectly handled by your tax preparer

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 Don Stark

Affordable Brokerage Company

719-574-4663 Colorado Springs

303-778-0505 Metro Denver

don.abcrealty@gmail.com