Although purchasing a home is an important life milestone, the steep cost can be debilitating. But you don't have to face this financial obstacle by yourself. You may pay for your closing fees and keep extra money in your pocket with the help of our cash-back program. We divide our commission with you, delivering a 50/50 or even a 60/40 split, with no catches or tricks—just simple savings. With this creative method of home buying, you can easily calculate your cash back and manage the expenses related to buying a new house.

A Cash Back Rebate: What Is It?

In real estate, a cash-back rebate is the sum of money that is given back to the buyer at closing, thereby lowering the total cost of the house. Buyer agents usually get a commission of about 3% of the sale price of the house in conventional real estate transactions. We think it's better to share the commission with you rather than retain it all. This makes your house purchase more reasonable because you can calculate your cash back and receive a sizable percentage of that commission back when you buy with us.

What is the expected amount of cashback?

Let's examine the possible savings that our program can provide:

  • For a Purchase Price of $700,000: You could receive approximately $9,800 back.

  • For a Purchase Price of $240,000: Expect similar savings based on the 50/50 split.

  • For a Purchase Price of $1,900,000: Your cash back can exceed $20,000.

Depending on the particulars of your purchase, these estimates may differ from the normal 2.8% buyer's commission. The main conclusion, though, is that our cash-back approach returns actual money to your hands.

How Your Cash Back Rebate Is Used

You may ask how to make the most of these funds after you have a better understanding of the possible cash-back rewards. To help you maximize your savings, you can calculate your cash back and consider the following choices, which have the potential to significantly affect your financial status:

1. Pay for your closing expenses

In addition to your down payment, closing costs can quickly mount up, typically totalling about $15,000. These charges may consist of title insurance, lender fees, and other costs related to completing the purchase of your house. Your house purchase will be considerably more inexpensive and less taxing if you use your cash-back rebate to offset a sizable amount of these expenses.

2. Reduce Your Interest Rate

Using your rebate to lower your mortgage interest rate is another wise move. Over the course of your loan, lowering your interest rate can result in significant savings. A 3-2-1 buy-down, which lowers your payment for the first few years of your mortgage, or the option to pay points to lower your mortgage rate are also options available to you with the rebate. This might significantly alter your budget by reducing your monthly mortgage payment by an average of $200 to $500.

3. Provide money for renovations and repairs

You may decide that you wish to perform some repairs or renovations after buying a house. Whether you want to update your bathroom, remodel your kitchen, or even landscape your yard, the cash-back refund gives you the freedom to invest in such improvements. Enhancing your living area and raising the overall value of your house are two benefits of using your rebate for home upgrades.

4. Lower the Purchase Price

Lastly, applying your rebate straight to your purchase price is another smart use of it. You can successfully reduce the price of your house by about $10,000 on average after striking a good agreement. This can lower the amount you need to finance and have a significant impact on your entire financial commitment.

Why Pick Our Cash-Back Scheme?

With the bonus of substantial savings, our cash-back program is intended to provide you with the same calibre of service that you would get from a conventional real estate agent. We think that purchasing a property shouldn't be fraught with unnecessary costs, and by sharing our commission with you, we empower you to calculate your cash back, making the process both financially beneficial and fulfilling.

To sum up, the process of purchasing a property doesn't have to be difficult. You can confidently navigate the market with our commission rebate program, knowing that you could receive a sizable amount back. The savings are significant, regardless of whether you decide to utilize the money for closing expenses, mortgage interest rate reduction, renovations, or a reduction in the purchase price. To find out more about how you may benefit from this cutting-edge method of home purchasing and realize your dream home, get in touch with us right now!