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.
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
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.
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
Rebates increase your profit when you sell
Rebates might be considered as taxable income if incorrectly handled by your tax preparer
Affordable Brokerage Company