Buyer Rebate Program FAQs
What is a “Buyer Rebate”?
Our rebates are simply described as funds allocated toward your costs to purchase a home.
Where do the rebates come from?
We base our rebates on an assumed 3% commission from the other broker. Basically we give a big portion of our commission back to you, minus our fee.
How can I use the rebate from Buffalo Bayou Realty?
Our rebates may be used many ways, but here are the most common applications:
- Closing costs
- Upgrades in new construction
- Repair costs made before closing
- Money off the price of the home
- Pre-payment of taxes at closing
When do I get my rebate?
The simple answer is: when you close on your new house! You’ll see it on your closing statement as a credit applied by our office to your costs. The only exception to this is if you choose to apply your rebate toward the price of the home during negotiations, you’ll see its application immediately.
How much will my rebate be?
The answer varies. Your rebate has to be approved by your lender if you’re financing your new home. After that, the amount varies on the home price as well as the commission offered by the other broker to us. Our fee remains the same, but the rebate varies because of these other factors. Use our slider below to estimate your rebate!