Buying a Home in Wilmington or Wrightsville Beach, NC?
"Buying a home in Wilmington or Wrightsville Beach, NC? In any real estate transaction there is a buyer and a seller. A listing agent works with the seller and a buyer’s agent works with the buyer. The person who pays all the commission in a real estate transaction is the home seller. Buyers never pay a commission!"
Why you need your own real estate agent when buying a home:
Did you know that the listing agent and the company they work for are working directly for the seller? It's their job to get the seller the best price and terms. A buyer agent works directly for you, trying to get you, the buyer, the best price and terms. Would you use your spouse's lawyer in your divorce? Why would you use someone that by law is forbidden to tell you any confidential information regarding the sellers and there motivation and willingness to sell. A buyer agent can research what the sellers paid for the home, how long it's been on the market, current taxes, recommend inspections, give you full seller disclosures, do a current market analysis to determine the maximum you should pay, while negotiating on your behalf, to get the home or property for you, at the lowest price and most favorable terms possible. Buyers pay us NOTHING! It's the sellers that pay our commissions.
Buyer Rebates:
Ask just about any traditional real estate agent what he/she thinks about giving back part of their commission to their home buying clients in the form of a real estate rebate and watch them stammer and stutter their way around this topic. Most big name real estate companies continue to do business the traditional way and get away without offering real estate rebates to their home-buying clients.
One of the biggest reasons traditional agents get away with not offering rebates is because most homebuyers are not very well informed about buyer rebates. How they work, where the money comes from, will a rebate affect the price they may pay for that next home or are they even legal in the first place? While there is no law on the books in any state that says real estate agents must offer a rebate, homebuyers should at least know they exist and have some basic knowledge about how rebates work so they may make an informed decision when it comes to using an agent that offers a rebate or one that does not.
To be honest, just the word rebate sounds cheap. For me it congers up images of my dad mailing in a rebate form so he can get two bucks back on a case of Pennzoil. And, there is nothing wrong with that. A penny saved is a penny earned. But, rebates provide homebuyers with far more than just a couple of bucks back. A good homebuyer rebate can add up to thousands of dollars off the price of your next home purchase.
Here is how our buyer rebate program works:
We just lowered the price of your next home! How? We give buyers just like you one of the largest cash back homebuyer rebates in the area! No, this isn’t a mistake! You employ us to find you exactly what you want, we negotiate the best price and assist you through to closing, and we pay you 15% of our commission!
Gulf Stream Realty will give you 15% of our commission*. It’s that simple!
**The above figures are based on a 3% buyer agency commission
Before signing up with another Realtor at a big name real estate company, ask them if they will give you cash back at closing - They won’t do it! These real estate companies charge their agents as much as 50% of their sales commission on each transaction. That kind of bite doesn't leave them much (if any) room to offer homebuyers any type of rebate! What do they give you, the homebuyer? ZERO, ZIP, NADA! If you’re lucky, maybe a potted plant or a gift certificate for $10 off your next meal at KFC! Gulf Stream Realty will share our commission with you. Why use anyone else?
Rebate Facts***:
- Buyer rebates do not increase the price of your new home. As a matter of fact, not only will you be paying less for your next home, you will sometimes be paying thousands of dollars less!
- Rebates are completely legal in the state of North Carolina as long as they are disclosed on the HUD statement and approved by the lender.
- Your rebate is paid out of the commission we earn acting as your buyer's agent. The home seller pays for this commission. Having a buyer agent costs you nothing!
To learn more about buying a home click here or contact us today at 910-471-3889 or by email.
*OFFER DETAILS EXPLAINED:
1) You must request & sign our Buyer Rebate Agreement.
2) You must sign an exclusive Buyer Agency Agreement.
3) You must provide a pre-approval or proof of funds letter.
4) The purchase price must be over $100,000.
5) Rebate capped at $2,500.00.
6) If obtaining financing, the lender must approve.
This rebate is offered to obtain new business and is not offered unless requested. If requested, the agreement must be signed BEFORE the buyer views qualifying properties.