FAQ

WHAT IS A NEW CONSTRUCTION HOMEBUYER REBATE?

The internet has simply changed the way people buy homes. As a buyer, you have probably done a ton of research on your own. We feel new homes buyers should be rewarded for all their efforts. You’ve done a lot of the work already so you save us time and money, we pass the savings on to you!

Is a rebate legal?

Yes, home buyer rebates are legal in 40 states including Michigan and Washington. We properly disclose it to all parties involved, including the lender.

What if I already have a Real Estate Agent?

Is a home buyer rebate taxable?

Why does my lender need to approve a buyer rebate?

Lender approval is necessary for home buyer rebates because the rebate can affect the financial aspects of your mortgage agreement. Lenders need to ensure that the rebate is applied appropriately, either as a credit toward closing costs or deducted from the purchase price.

If you have NOT signed a Buyer’s Representation Agreement with a Real Estate Agent, you may still be eligible. This website is NOT a solicitation to clients with a Real Estate Agent, REALTOR® or Broker.

A home buyer rebate from a real estate agent is not considered taxable income by the IRS. Instead, it is viewed as an adjustment to the purchase price of the home. Typically, if the rebate reduces your purchase price or closing costs, it is not considered taxable income at either the federal or state level.

How Can I be sure that I will receive the rebate?

You can feel comfortable that you will receive the rebate from us. Before you sign a contract with a builder, you will enter into a Buyer’s Representation Agreement with us, which spells out the terms of the rebate. This is a binding contract and holds us responsible to provide you with the rebate, as promised.

DOES THE BUILDER GIVE ME THE SAME PRICE AND INCENTIVES IF I USE A REALTOR THAT THEY WOULD OFFER IF I REPRESENTED MYSELF?

Yes, the pricing and incentives are the same whether you use a Realtor or not. This is another misconception people have about rebates. The builder must offer someone with an agent the same price they would offer someone without an agent. Otherwise, it would be discriminatory. Also, how many Realtors do you think would refer business to a builder if they found out that their clients were paying higher pricing for doing so? None! Builders allocate to pay a Realtor on home they build. This comes from their marketing budget. Therefore, if a buyer is not represented by an agent, the extra money merely stays in their pocket. Wouldn’t you rather it be given back to you?