Our Buyer's Tax Free Cash Rebate Process Is Simple
Everyone Wins

It's important for you to understand how real estate commission gets paid to understand the honesty of our service. Our tax free cash rebate does not figure into your home's financing in ANY way. The purchase price is NOT inflated in any way. We really are giving you part of our commission paycheck.

In a normal home selling transaction, there are two sides: a buyer and a seller. If the house is listed with a real estate brokerage (as opposed to For Sale By Owner), a real estate commission will be paid to the two agents involved. Note: We can potentially offer a cash rebate on a FSBO property if we can approach the seller on your behalf, BEFORE you contact them yourself.

The real estate commission is paid for by the seller only. Traditionally it’s 6% of the sale’s price. This money is deducted from the monies the seller receives at closing. 3% goes to the real estate agent that listed the house for the seller (Listing Agent), the remaining 3% (sometimes 2.5%) goes to the real estate agent that represented the buyer and helped them find and buy the house (Buyer's Agent).

Regardless of whether a buyer is represented by a real estate agent or not, the full real estate commission (again, typically 6%) will be paid. The commission is already built into the home's sale's price. If there isn’t a Buyer’s Agent helping the buyer, the Listing Agent gets paid the full 6%. If the seller is a builder and the buyer is unrepresented, then the builder absorbs the unpaid 3% as profit.

At funding, escrow pays the real estate agents' commission to the agent's Brokerage office(s) and then the Broker(s) pay the agent(s), less any splits, desk fees, etc.

Our Process: First, you sign our Buyer's Agreement, legally designating us as your Buyer's Agent, and we agree to rebate you part of our commission in return for your assistance in helping us locate your perfect property. The payment terms of your tax free cash rebate are clearly stated on the Buyer’s Agreement (not the HUD) and are legally binding.

Once your home is in closing, we provide the Buyer’s Agreement to our Broker's office as the legal document that directs our Broker to withhold the monies for your tax free cash rebate from our commission paycheck.

Once your home funds (meaning you've been given your house keys), our Broker cuts a Cashier's Check to you within ten business days. It will be hand delivered to you via your agent, so we can collect your honest testimonial and picture. Note: The IRS allows this cash rebate to be tax free to you because they see it as the buyer's cost to procure the property. Pretty cool.

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Copyright 2007 You Gotta Have Faith, Inc. - WA Agent Chris Hendrickson, Family First Real Estate Group
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