Now that the housing market has stabilized, more buyers are lining up to take advantage of the increased inventory before a flood of buyers consume what is available. Buyers who are watching their money have discovered that realtor commission rebates can put back thousands in their pockets to use any way they choose.
If you are looking for extra cash and shopping for a house, here are some tips on how to buy a home and get commission rebates.
Negotiate With Your Real Estate Agent
When you sit down to sign a contract with a real estate agent, now is the time to negotiate a commission rebate. If you are in the market for a higher-priced home, your real estate agent has more room to wiggle as far as giving you part of their commission in the way of a cash rebate. Before you sign on the dotted line, you have the ability to use the rebate as leverage for securing your business.
Buying a Home in Record Time
One of the easiest ways to secure a buyers commission rebate is to talk with your local lending representatives about qualifying you for a home loan. When you are qualified and you receive that letter stating you can purchase up to a certain dollar amount with the assurance the lender will back the loan, then you are in prime position to negotiate with a realtor. Nothing can be more frustrating for a realtor than to put a buyer and seller together only to find the buyer is having troubles securing a loan.
Purchase a Bigger Home
One of the most time-consuming processes for a realtor is having to present an offer on a home, then wait for the seller to come back with a counter-offer, and then back and forth again. To speed up the process, a smart buyer will tell the realtor they want to forgo all the back-and-forth and present a full price off with the condition the realtor provides the buyer with a commission rebate. This way the seller gets their price, the buyer gets cash back, and the realtor sells a house in record time so they can move on to the next sale.
Now you can buy a home and get commission rebates very easily. That extra money can go a long way in paying for utility deposits, moving expenses, and closing costs. By making the buying process easier for the realtor, it’s easier for them to part with a portion of their commission in the way of a buyers rebate. For More info on rebates: https://www.justice.gov/atr/rebates-make-buying-home-less-expensive