How does the sound of getting a check for several thousand dollars sound just for buying a house ring to you? If you think this may be too good to be true, then you have not heard about real estate rebates. These rebates are a slice of the realtor commission paid to the buyer for simply working with certain realtors. No strings, no forms, no qualifications, you just have to choose a realtor willing to part with their pay. Sounds easier said than done, so here are some tips for learning how to get a real estate buyers rebate.
1. Before you even approach a realtor about the real estate rebate, get all your papers in order. Even if you were not going to try for the rebate, you could save a ton of money and time getting your credit score in order. Get a copy, find mistakes, get them fixed, and you could get a lower interest rate come closing time.
2. Talk with your financial institution about getting a mortgage commitment letter now. This letter basically tells the realtor and the home owner you have the financial backing to close on a house immediately. This can go a long way in speeding up the sale process and looks very appealing to sellers looking to get out of their homes quickly.
3. Research your realtors before you present the deal. There is no reason to work with a bad realtor just to get some cash at closing. Take the time while your finances are being put in order to go to social media pages and check out the realtors in your neighborhood. Once you have a list of a few you might consider working with, it is time to try for your rebate.
4. Reach out to those realtors you want to work with, and present the offer in this manner so you know without a doubt they will have no problem giving you a piece of their commission at the closing of the house.
– Explain that you are interested in getting a real estate rebate and was curious if they provided such.
– Tell these realtors you are ready to buy, and you have already gotten and fixed your credit scores.
– Be sure to tell the realtor you have a mortgage commitment letter in hand.
– Let the realtors know you are ready to buy a house that is in a certain range, neighborhood, and age.
You did all the grunt work, any realtor would be smart to take you on as a client and cut you in on cash at closing.