ON ANY MLS LISTED PROPERTY IN THE STATE OF KENTUCKY
It may be in the form of a check or it may be in the form of a discounted sales price or may be in the form of closing costs. How the Buyer gets their reward is often dependent on what the loan program will allow. The Home Buyer Rebate must be entered on the HUD (the final form at closing) and the Buyer's Loan Officer will tell the Buyer in which form the Buyer can receive their rebate. The loan officer may give the Buyer a choice as to how the reward is received. Busy Bee Realty will provide the reward per the Loan Officer's instructions as long as all parties are made aware and full disclosure is provided through acknowledgement on the HUD.
Traditional Home Listings are commonly six percent total paid by the seller. The Seller traditionally pays three percent to the Listing Broker and three percent to the Buyer's Agent that brings in the Buyer (These are the most often amounts used). The Listing Broker gets six percent if a buyer buys thru the Listing Broker.
This Home Buyers Rebate Program provides the Home Buyer with 1/3 of the Buyer's Agent Commission. If the Buyer's Agent Commission is 3%. Then the Home Buyer will receive a reward of 1%. So the Home Buyer will get $1000 on a $100,000 sales price or $2000 on a $200,000 sales price or $3000 on a $300,000 sales price. Your team consists of one agent showing you property and getting 1%. Your Buyer's Agent (me) providing your paperwork, negotiations and assistance to closing and getting 1%. And you, the Buyer, getting 1%.
Traditionally home buyers do not get cash at closing. Our service is rare and wonderful. Our buyers love it. Why would anybody buy a home and not get a rebate?
Rebates are available on EVERY MLS LISTED HOME (as long as the listing broker is offering the typical 3% to Buyer's Agents). And we can check and verify that on any listing you find. Just call us (502 759 4663) or email us (firstname.lastname@example.org) and ask.
Reward/rebate programs are common and legal in the State of Kentucky. Reward/Rebate Programs for the purchase of real estate are subject to applicable laws governing real estate brokers and commissions in the applicable state. Certain restrictions or obligations may apply.
Busy Bee Realty | Chuck Bahner, Broker | 502 759 4663 | email@example.com | 10 Britt St Leitchfield KY 42754