What is a Virginia Home Buyer Rebate?

It is a program where the Virginia Home Buyer can get paid for doing some of the legwork with finding their next home.
If you visit an open house and find your perfect home or want to buy a home from a builder, these are perfect ways to get a home buyer rebate.  Most Virginia home buyers are doing the work to find their next home. So why shouldn't you get paid for your efforts?

If you find the home, you get paid up to 2% of our 3% commission paid to you at closing.  We always get 1%.
Home Buyer Rebates can be used to towards closing costs or reducing your down payment or buying new furniture for your new home.

How Much Of A Home Buyer Rebate Can I Get Back On My Virginia Home Purchase?

 

How Do I Get My Virginia Home Buyer Rebate?

It is simple:

• Let us set up an automated email that matches your Virginia Home Search criteria.
• Open Houses are your best option. If you find a home you like, let us know asap as most homes go quickly - even in this market.
• Builder homes are another great option.  Call us first so we can register you or when you go there, immediately tell them you have an agent and can they talk to you without the agent there.  They are NOT going to turn you away.
• If you see a home that you like that is not doing an open house, then do a drive by and make sure you like the area, the street and the neighborhood.  Then if you still like it and you like all the pictures, then contact us to hears your options for seeing the home.  Remember you want to minimize the time you spend with us as that reduces the amount of the commission you get from us.
• Once you find the home you want to buy, we will draw up the offer for you, have you sign electronically and then we will submit it to the listing agent. 
• Before you start this process you need to reach out to a lender and get a pre-qual letter because that must be submitted with your offer.  We cannot submit an offer without it.  You don't want to lose out on an opportunity waiting on a lender to get you a pre-qual. If you are paying cash, then you will need to send us proof of funds.
• Once the offer is accepted, on closing day you will see the rebate on your closing disclosure. 
• If it is a new home you are purchasing, then the rebate will be paid outside of closing after our broker receives the commission and deposits it.  That is all there is to it.

How Are We Different Than Other Companies?

We are LOCAL in Virginia and members of almost all Virginia MLS systems.  We are NOT a third party like many other websites. You work direct with us. We have been helping Virginia Home Buyers and Sellers Since 1994. Your Agent has been a TOP AGENT since 2015 and has been featured in numerous publications.

How Does the Virginia Home Buyer Rebate Program Work?

When a seller lists their home for sale with a Realtor, they usually agree to pay up to 6% (commission varies), commission at closing. Half or typically up to 3% goes to the listing agent & the other half  or up to 3% goes to the buyers agent (us).  Depending on the time spent and the commission being offered by the seller will determine how much you and the listing agent will get.

Are Virginia Home Buyer Rebates Legal?

Yes, Home Buyer Rebates are Legal in 40 States.  Iowa and New Jersey Restrict Rebates and Oregon, Kansas, Missouri, Oklahoma, Tennessee, Mississippi and Louisiana Prohibit Rebates.  All others allow home buyer rebates. Here is a map showing the states position on rebates