Frequently Asked Questions
New Home Buyer Rebate (FAQ’s)
- What is a Buyer’s Agent?
- Who pays the Buyer’s Agent?
- What is the REBATE?
- How do I calculate my BUYER REBATE?
- What’s the catch?
- Do you offer REBATES on New Construction House Purchases?
- Do you offer rebates to Sellers?
- Do you provide “Full-Service”, even though I’m receiving your REBATE?
- If I purchase a home directly from a new home builder, won’t I be able to negotiate a lower price?
- What is the advantage of a “Pre-Approval” Letter?
- What’s my next step?
Q: What is a Buyer’s Agent?
Q: Who pays the Buyer’s Agent?
The Seller. The commission that the Seller pays is split between the Seller’s Agent and the Buyer’s Agent. There is no charge to Buyers for being represented by us. In Georgia, it is standard practice for the seller to pay 3% commission to buyer’s agent.
Q: What is the REBATE?
We can rebate (to you!) an incredible up to 50% of the standard 3% seller-paid buyer agent commission, based on a minimum $5,000 commission.
Q: How and when will I receive my rebate?
Our rebate can be provided to reduce purchase price of house or towards closing costs (on the settlement statement) so you bring less cash to the closing table.
Q: How do I calculate my BUYER REBATE?
| RESALE HOME PRICE | RESALE HOME REBATE |
|---|---|
| $500,000-$749,999 | 30% (OF 3% COMMISSION) |
| $750,000-$999,999 | 40% (OF 3% COMMISSION) |
| $1,000,000- | 50% (OF 3% COMMISSION) |
$15,000 x 33% = $5000 REBATE
$750,000 x 3% ((Seller paid) Commission = $22,500 Commission
$22,500 x 50% = $11,250 CASH BACK/ REBATE
Q: What’s the catch?
The rebate percentage is tied to the number of showings that you book through us. You can book an unlimited number of showings and there are no fees to book a tour, however the rebate percentage begins to decrease with each showing starting with the first showing. After 10 showings, the refund is reduced by 10% and after 20 showings by 20%
As an example assuming 3% commission to buyer agent if property price is $ 750,000 and number of showings is between 11 & 20 then the rebate reduces to 30% instead of 40% of buyer agent commission. However our service includes expert support from offer to close.
Q: Do you offer REBATES on New Construction House Purchases?
| NEW HOME PRICE | NEW HOME REBATE |
|---|---|
| $300,000-$399,999 | 30% (OF 3% COMMISSION) |
| $400,000-$499,999 | 40% (OF 3% COMMISSION) |
| $500,000-$749,999 | 50% (OF 3% COMMISSION) |
| $750,000- | 65% (OF 3% COMMISSION) |
$750,000 x 3% ((Seller paid) Commission = $22,500 Commission
$22,500 x 65% = $14,625 is your CASH BACK/REBATE
Q: Do you offer rebates to Sellers?
Yes. For sellers also we offer INCREDIBLE commission DISCOUNTS off the standard 3% listing fees.
CALL us at 678-860-5758
or EMAIL us agentdesai@yahoo.com
or view ‘Seller Services’ page.
Q: Do you provide “Full-Service”, even though I’m receiving your REBATE?
Q: If I purchase a home directly from a new home builder, won’t I be able to negotiate a lower price?
Q: What is the advantage of a “Pre-Approval” Letter?
Q: What’s my next step?
