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What is a homebuyer rebate?
A homebuyer rebate is a portion of the real estate agent’s commission that is shared with you as the buyer. It’s a legal and effective way to reduce your home buying costs.
Are homebuyer rebates legal in Texas?
Yes, homebuyer rebates are completely legal in Texas. The Texas Real Estate Commission (TREC) and the Department of Justice (DOJ) encourage rebates as they promote consumer savings and competition. Read More.
How does the rebate work?
When you buy a home through our services, we share a percentage of the commission the builder or seller paid with you. For new construction homes, we only keep $999 Limited Service or 0.5% for Full Service. For pre-owned homes, we keep $5000 or 1%, whichever is higher, and we will give you the rest of the commission cashback. This rebate can be applied to closing costs, home upgrades, or even sent as a check after closing.
How much is the rebate?
We keep only $999 Limited Service or 0.5% for Full Service for new construction homes, and the rest of the commission is yours as cash back! For pre-owned homes, we keep $5000 or 1% whichever is higher of the sales price, giving you the remaining commission as a rebate.
What can I use the rebate for?
Rebates can be used for:
- Buydown mortgage interest rate
- Covering closing costs
- Paying for upgrades or appliances
- Lot premiums
- Reducing the price of the home
- Or anything you choose if paid as a check.
Why should I use a realtor for new construction homes?
Realtors act as your advocate, negotiating with builders, reviewing contracts, and addressing issues. Plus, you get access to rebates that otherwise stay with the builder.
Who is eligible for a rebate?
Any homebuyer working with us, who hasn’t signed a contract with a builder or seller, is eligible for a rebate.
Do I need to sign a contract with you to receive a rebate?
Yes, we will sign a Buyer Representation Agreement to ensure transparency and guarantee your rebate.
Can I still get a rebate if I already visited a builder without a realtor?
Some builders may require that we accompany you on your first visit. Contact us immediately to discuss your situation.
Do rebates apply to pre-owned homes?
Yes, we offer rebates for pre-owned homes. We keep $5000 or 1% of the sales price, whichever is higher, giving you the remaining commission as a rebate.
Does the rebate impact builder incentives?
No, using our services and receiving a rebate does not interfere with any builder promotions or incentives.
Can I get a rebate if I’m buying outside of Texas?
Our rebates apply only to homes purchased in Texas, including Dallas, Austin, Houston, and San Antonio.
What are the benefits of buying a new construction home?
New construction homes offer modern designs, energy efficiency, customization options, and builder warranties.
How do I find new construction homes?
Use our Search Tools here or contact us to access listings from top builders in Texas.
Do I get the same price using a realtor as buying directly from a builder?
Yes, builders offer the same price regardless of whether you use a realtor. The 3% commission they pay us comes from their marketing budget.
Can I negotiate the price of a new construction home?
Yes, we can help you negotiate upgrades, lot premiums, or even closing costs with the builder.
What are your listing fees?
We offer flat-fee listing options starting at just 1%, making our services affordable for sellers.
Do you offer discounts if I buy and sell with you?
Yes, many of our clients save an average of $18,000 by combining our buying and selling services.
What is included in your listing services?
Our listing services include professional photos, marketing on the MLS, contract negotiations, complete contract paperwork, working with escrow, and smooth closings.
How is the rebate paid?
Rebates can be credited toward your closing costs or sent as a check after closing.
When will I receive the rebate?
If applied to closing costs, you’ll see the rebate at closing. Otherwise, checks are mailed or wired within 2-3 business days after closing.
Is the rebate taxable?
According to the IRS, rebates are not considered taxable income. However, consult a tax advisor for personal advice.
Is a Buyer Representation Agreement mandatory?
Yes, this agreement ensures transparency and protects your right to the rebate.
What if I find a home through another agent?
To receive a rebate, you must work exclusively with us and disclose our representation to the builder or seller.
What if the builder refuses to work with a realtor?
While rare, some small builders may not work with realtors. Contact us to discuss alternative options.
Can I trust your rebate offer?
Yes, our rebate terms are documented in the Buyer Representation Agreement, ensuring full transparency and accountability.
Can I use your services if I’m a first-time buyer?
Absolutely! We guide first-time buyers through the entire process while helping them save with rebates.
Do you work with all builders in Texas?
We work with most builders, including major names like Lennar, D.R. Horton, and Perry Homes.
What areas do you serve?
We serve buyers across Texas, including Dallas, Houston, Austin, San Antonio, and surrounding areas.
How do I get started?
Simply visit our website here and apply for a rebate or call us at 469-829-7863 to begin the process.
What if I have more questions?
Contact us at 469-829-7863 or use our Contact Page. We’re here to help!
What sets your service apart from other real estate companies?
We offer one of the highest rebates in the industry, up to 2.5% of the home’s sale price, combined with expert guidance and exceptional customer service.
How much can I save using your service?
On average, our clients save thousands of dollars. For example, on a $400,000 home, with 3% realtor commission, you could receive a rebate of $10,000!
Can I use your rebate program even if I already have a lender?
Yes, you can use your preferred lender and still take advantage of our rebate program.
Why do you offer such high rebates?
We believe in sharing the savings with our clients because modern buyers do much of the research themselves, saving us time.
Can I apply the rebate to my down payment?
No, rebates cannot be used directly for a down payment, but they can offset other costs, freeing up funds for your down payment.
What happens if the builder refuses to pay a commission?
This is rare, but in such cases, we’ll discuss alternative strategies to maximize your savings.
Can I still qualify for a rebate if I’ve started talking to a builder?
Possibly. Contact us immediately, and we’ll guide you on how to proceed to maintain eligibility.
Do I need to inform the builder about my representation upfront?
Yes, it’s critical to disclose your representation on your first visit or communication with the builder.
Can I use your service for a second home or investment property?
Yes, our rebate program applies to primary residences, second homes, and investment properties.
Do builders offer discounts if I don’t use a realtor?
No, builders typically budget for a 3% commission, so the price stays the same whether you use a realtor or not.
Can I customize a new construction home and still qualify for the rebate?
Yes, our rebate applies regardless of customization options or upgrades chosen.
Do new construction homes come with warranties?
Most builders provide warranties for their homes. We’ll review these details with you to ensure you’re covered.
What should I know before visiting a builder?
Always mention that you’re working with a realtor and share our contact information to ensure eligibility for your rebate.
Are rebates lower for pre-owned homes?
Pre-owned home rebates start at $5000 or 1% of the sales price, whichever is higher, depending on the price. Contact us for specific details based on your budget.
Can you help with inspections for pre-owned homes?
Yes, we connect you with trusted inspectors to ensure the home is in good condition before purchase. You are NOT obligated to use our contacts; you are free to use whoever you want for your home inspections.
What if the pre-owned home has issues after purchase?
While we guide you to make an informed purchase, post-sale repairs may fall under your responsibility unless covered by a home warranty.
Do I need to pay taxes on the rebate?
No, rebates are not considered taxable income by the IRS. Always consult a tax advisor for personal circumstances.
What happens if the rebate is delayed?
We aim to process rebates quickly. If there’s a delay, we’ll notify you and ensure timely resolution.
Are there hidden fees associated with your service?
No, we’re transparent about our fees and rebate process. Everything is clearly outlined in your Buyer Representation Agreement.
Contact Texas Homes Rebates today to learn more about how our unique approach to real estate can work for you. With our innovative rebate programs, and negotiable commissions, you’re just a few steps away from your dream home and significant savings.
All materials presented herein are for informational purposes only. While the information is believed to be accurate, it is subject to errors, omissions, changes, or withdrawal without notice. Equal Housing Opportunity. Payment of the rebate is contingent upon the consent of the party represented by the licensee in the transaction. A division of EXL Capital Group, LLC dba EXL Realty Group – Texas Real Estate Broker License #9015220.
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