FAQ’s

Closing costs are fees and charges associated with the purchase or sale of a property. Buyers usually pay somewhere between 2% and 4% of the home’s value in closing costs. These costs typically include expenses such as appraisal fees, title insurance, taxes, attorney fees, home inspection, homeowners’ association, transfer fees, origination fees, and other related charges.

The home buyer rebate can be used to reduce closing costs, buy discount points (buy down interest rate), and any other fees that may come up. Buyers usually pay somewhere between 2% and 4% of the home’s value in closing costs.

Buyers can typically receive 1.4 percent of the purchase price although is subject to change as commissions are set by the seller. (Purchase price * 0.014 = Rebate)
Please see our rebate calculator in the home page to see what you’ll save

The amount of money you can save with a home buyer rebate varies depending on the purchase price of the home and the terms negotiated with your real estate agent. Rebates typically range from 1% to 2% of the purchase price, but they can sometimes be higher.

Yes, home buyer rebates are legal in most U.S. states, but regulations regarding rebates vary by state. Some states have specific laws governing rebates, while others have no regulations at all. It’s essential to check the laws in your state and discuss any concerns with your real estate agent.

In most cases, home buyer rebates are not considered taxable income by the IRS. However, it’s always a good idea to consult with a tax professional to understand any potential tax implications based on your specific situation.

Yes, it’s essential to disclose any home buyer rebates to your lender, as they may affect your mortgage approval process. Lenders typically require full disclosure of all financial incentives received as part of the home purchase transaction.

Yes, you may still be eligible for a home buyer rebate when purchasing a new construction home, depending on the policies of the builder and your real estate agent. However, rebate availability and terms may vary in new construction transactions, so it’s essential to discuss this with your agent before proceeding.

You can start by researching real estate agents in your area and asking them directly about their policies regarding home buyer rebates. Additionally, there are online platforms and services that specialize in connecting home buyers with agents who offer rebates, making it easier to find options that meet your needs.

The amount of money you can save with a home buyer rebate varies depending on the purchase price of the home and the terms negotiated with your real estate agent. Rebates typically range from 1% to 2% of the purchase price, but they can sometimes be higher.