Our Home Buyer Rebate Program
How Does It Work?
The Cascade Team Real Estate HomeBuyer Rebate & Negotiating Advantage
Thinking of buying a new home in the Seattle or San Diego area? Here’s a novel concept….. We’ll actually pay YOU part of our buyers agent commissions back at closing! That’s right! We pay you a home buyer rebate for the privilege of helping you buy your dream home.
Because of the homebuyer real estate tools and the breadth of information we provide our real estate clients on our web site, they participate in the process of finding homes for sale they are interested in. If you as the home buyer do some of the work, shouldn’t you share in some of the the mls buyer agent realestate commission? Instead of spending money on brick and mortar buildings that no one visits, we provide our realestate clients online and home search tools, and keep our overhead low so we can pass the savings along to you in the form of a homebuyer rebate. Because of this, on average the homebuyer clients who purchased a home with The Cascade Team Real Estate received a homebuyer rebate at closing of ….
Average Cascade Team RealEstate Refund: $2737
The average asking price on the home was: $562,559
The average negotiated sale price was $547,342
Our home buyer negotiation advantage: $15,217
Plus the home buyer bonus credited to you at closing: $2,734
YOUR TOTAL SAVINGS WITH THE CASCADE TEAM: $17,954
We Call it……. SOS….. Simply Outrageous Service! Not Outrageous Commissions!
Get More Savings With Our Special Financing Program Through Bank Of America
The Cascade Team Real Estate is pleased to announce the launch of our NEW strategic partnership with Bank of America Home Loans. As a valued client of The Cascade Team Real Estate, you'll recieve no loan origination fee (usually up to 1% of the loan value) and $1000 off your closing costs with Bank of America Home Loans. In addition, to our 1/2% buyer rebate program, this can substantially reduce your out of pocket expenses in closing your new home purchase. In addition, there is an additional $1000 credit if you are purchasing an energy rated home (ask your loan officer for more details). With no origination fees, Bank of America and The Cascade Team Real Estate can save you thousands of dollars on your next home purchase. Be sure to submit your information and get pre-qualified for your next real estate or home purchase with the Cascade Team and Bank of America home loan program.
You Get Your HOME BUYER REBATE At Closing.
Your homebuyer rebate appears on your HUD-1 statement at escrow and can be applied to closing costs, rate buy down or prepaid items. Lenders do not allow you to apply this towards your down payment because the money is not seasoned in your personal account. However, in most cases this reduces the amount of money home buyers have to bring to closing, so it’s just like putting cash in your pocket. In addition, this homebuyer rebate is tax free. Save More When Selling Your Home With The Cascade Team Real Estate. If you have a home to sell, you can save even more money by working with us. Rather than paying the standard 3% MLS listing commission on the home price to a traditional brokerage, our full service real estate listing service representation is only 1% of the home selling price. We still recommend that you offer the traditional 3% to the home buyer agent; but that still results in a savings of 2% on the sale of your home. On a $500,000 home, that would be a $10,000 savings.
Important Details On HomeBuyer Rebates
Due to Federal Lending Guidelines, The Cascade Team Real Estate requires that your buyer rebate be shown as a agent credit on the HUD-1, thereby reducing the amount of your closing costs. Closing costs can vary depending on the lender, size of loan, home price and the date your home purchase is closing.
If your lender caps the amount of closing cost credit you can receive, any un-used portion of the rebate, after all seller concessions have been allowed for, is FORFEITED. It is illegal for The Cascade Team, and/or any agent, to rebate or "kick back" any compensation outside of closing that is not disclosed to the lender.
A buyer cannot use a home buyer rebate as part of the loan down payment.
A home buyer rebate is not paid on short sales, foreclosures or bank owned properties.
Click Here to see some additional details on purchasing a new home with The Cascade Team Real Estate.
Or for more information, give us a call at (800) 509-6905.