Getting the cash back rebate is a simple process:

Cash Back Rebate Terms and Conditions

NEW HOME PURCHASES

% Rebate	New Home Base Price
20% of the Buyers Agent commission	$150,000 to $499,999
20% of the Buyers Agent commission	$500,000 and up

provided that:

RESALE HOME PURCHASES

% Rebate	Resale Home Base Price
20% of the Buyers Agent commission	$200,000 to $399,999
20% of the Buyers Agent commission	$400,000 and up

Cash back rebates are paid only to you, the buyer(s), at close of escrow for all new home properties purchased at a value greater than $150,000, or resale home properties purchased at a value greater than $200,000.

Cash back rebates are funded from the prevailing "co-op" commission rate that we are paid at closing by the Listing Agent/Seller that are traditionally paid to the buyer's broker/Realtor. In cases when our Realtor/broker commission is less than the prevailing rate, the rebate is adjusted accordingly and you are told upfront and in advance when and if this does occur.

Cash back rebates are paid at the closing of the purchased property and when the purchase contract is not contingent upon the sale of another property.

Frequently Asked Questions

How do I receive my buyer's cash back rebate?
You receive your cash rebate at closing. The cash back rebate is paid directly to you, the buyer(s) of the property. In all cases, you may choose to have the money applied as a credit towards your closing costs, your pre-paid expenses, and/or your down payment. Your buyer's cash back rebate will be shown in the closing settlement sheets and on the HUD-1 documents. If you're using VA/FHA financing, the rebate must be applied in this way. If you're using conventional financing, consult with your lender. You may be permitted to receive the cash back rebate in cash.

Is the buyer's cash back rebate taxable income?
No, the rebate is simply a reduction on your taxable basis in the property you buy. There's no Form-1099 because the rebate is not income. It's the same as a rebate when you buy a car, or a cell phone, or a rebate you receive back on your credit card purchases.

Where does the buyer's cash back rebate money come from?
Your cash back rebate comes directly from the "co-op" commission we receive from the listing agent, seller, or builder. The money itself starts with your money or the money you borrow to purchase your home. You pay the seller, the seller pays the listing agent, the listing agent pays the "co-op" commission to me, the buyer's agent, and I refund some of your money back to you. That's why this is a rebate -- its a refund back to you!

Do I have to use a certain lender in order to get the buyer's cash back rebate? Of course not! Please use the lender of your choice. And we encourage you to shop and compare programs and rates. Get several Good Faith Estimates -- in writing!

Can I make an offer to buy a home contingent upon the sale of my existing home and get the buyer's cash back rebate?
If your existing home is already under contract to close in the near future, yes, in most cases.

Can I use any real estate agent and still get the buyer's cash back rebate?
No, you receive our buyer's cash back rebate only when we represent you as your Realtor®.

Can I get the buyer's cash back rebate if I buy a brand new home, even one built from the ground up?
Yes, but please be absolutely sure to have us accompany your first visit to model homes so that we may sign up as your Realtor®.

Another agent showed me the home I want to buy. Can I buy it through you to get the buyer's cash back rebate?
No, this is not possible.

Can I get the buyer's cash back rebate on a FSBO (For Sale by Owner)? And, can I get the rebate on a foreclosed property?
FSBO's are ineligible. Some foreclosures are eligible, but not properties which require bidding.

Can I get the buyer's cash back rebate on homes I saw advertised elsewhere, or ones that I saw driving by?
Yes, be sure to ask us to set up the showing(s) so that we can represent you as your Realtor®.

Should I get a lender's pre-qualification letter before looking at properties?
Yes, before requesting showings, please talk with a lender to get pre-qualified. You'll need a lender’s pre-qualification letter to present with your offer, so its in your best interests to be prepared! Plus, its a good idea to know in advance how much mortgage you qualify for, and what the monthly payments will be including principal, interest, taxes, and insurance.

Please send your comments or suggestions to mark@show2sold.com

* Currently, the following cities are personally served by the Realtors® that work for Neighborly Team:

El Paso County: Colorado Springs, Falcon, Peyton, Monument, Black Forest and other cities in El Paso County

Teller County: Woodland Park and other cities in Teller County

Placer County: Lincoln, Auburn, Colorado Springs, Rocklin, Granite Bay, Loomis, and other cities in Placer County on a case by case basis

Sacramento County: Sacramento, Folsom, Antelope, Citrus Heights, Elk Grove, Carmichael, Orangevale, Rancho Cordova, Mather, and other cities in Sacramento County on a case by case basis

Services: Serving Sellers and Buyers of real estate properties; Cash Rebate to buyers based upon price of residential property and number of showings/tours that we tour with you; For Sale By Owner (FSBO) program and Full Service program to save Sellers when selling their home and real estate property. Flat fee services available for FSBO. Complimentary usage of our sign post, panel, and brochure box is also available for FSBO. Cash rebate geared towards buyers that like to tour on their own, engaging a Realtor/broker when ready to seriously look at purchasing the property of interest..

If you wish to buy or sell a residential property in an area not listed above, contact us to discuss your transaction with an agent who may be able to provide special assistance.