Are Home Buyer Rebates Legal in Texas?

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Absolutely! Rebates are legal in Texas and in most of the other states across the U.S. Only 10 states prohibit rebates in US. Most people assume that rebates are illegal in Texas or they will be breaking the law if they ask a realtor for a rebate on their new home purchase. This is INACCURATE! According to the  Department of Justice (DOJ), rebates are 100% legal in the state of Texas !

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To confirm this, you can click on this link straight from the U.S. Department of Justice Website and learn what the DOJ and government  think about real estate agents sharing their commission with their buyer clients…they think it’s good for the economy and should be allowed in all states! Check out Department of Justice Website.

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Here is an excerpt from the DOJ website regarding new home rebates:

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"Consumers who live in states permitting the option to choose innovative brokerage options, such as rebates or fee-for-service MLS-only packages, can potentially save thousands of dollars on commission payments."

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Homes in which cities in Texas are eligible for the  home buyer cash maximum rebate and homeowner maximum cashback plans?  

We can pay a rebate on any new home for sale throughout the States of Texas. Our Texas home buyer maximum cashback program is available in all the cities in Texas including Dallas, Houston, Austin, San Antonio and all the suburbs of these cities.  

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What is Realtor Rebate Cash Back When Buying a Home in Texas?

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What is  real estate commission new home rebate to buyer in Texas?

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What is 2.5 rebate realtor in Dallas, Austin, Houston and San Antonio Texas?

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What exactly is this "Texas New Construction Discount", "Texas New Home Discount", "Texas New Build Discount", "Texas Builder Discount", "Texas New Construction Rebate", "Texas New Home Rebate", "Texas New Build Rebate", "Texas Builder Rebate", "Texas Realtor Rebate", "Texas Real Estate Agent Rebate", "Texas Commission Sharing Rebate", "Dallas Realtor Rebate",  "Dallas Real Estate Agent Rebate", "Dallas Commission Sharing Rebate", "Texas New Home Cashback" or "Texas New Home Rebate", "Texas maximum cashback realtor rebate", 

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When we represent you in the purchase of any new home listed on the MLS (Multiple Listing Service),  as a part of our service, you will receive 2.5% of our commission from the commission we get paid by the seller's broker after closing.  

On the other hand, when selling your home and dealing with a Listing Agent, the discount is agreed upon before the listing takes place. Therefore the Listing Agent lowers the commission amount up front and states the lower cost of services on the Listing Agreement before any transaction takes place. So the discounting of services in this case do not necessitate that actual monies change hands.  Call me if you are looking for reliable Dallas Discount Real Estate or New Home Builder Rebates in Dallas or any other city in Texas.

 

 

How does the Realtor® commission protect me as a buyer?

Think of us as another layer of protection when making such a large financial decision. It is possible that a buyer could pay $10K, $20K or more than what the builder would have negotiated for. Builder sales people work for the builder, although they will surely work with you. But ultimately they have the builder's best financial interests in mind and not yours. Realtors on the other hand want to get the best deal for their clients. Smart Realtors know the market and provide advice that can save you a bundle. An experienced Realtor can help you negotiate, avoid critical mistakes before it is too late and SAVE you MONEY. Here are two important benefits of a Realtor commission:

 

• Pays for and provides YOU with Buyer Representation from an experienced professional that represents you and your financial interests and that means doing some ground work to determine the proper offer.

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• Gives the Builder a financially effective means to MARKET their New Homes to the Public. Paying a Realtor® is a lot cheaper that other forms of advertising which do not guarantee sales. When you consider the mistakes that can be made without representation, it just makes sense to use our services.​

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What steps are needed before I visit a new home builder to get new home rebate in Texas?

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• Contact us to understand the rebate program and terms of rebate.

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• Review the Buyer FAQ and terms and conditions of our rebate program, including potential limitations lenders can impose on credits from sellers and realtors.  Call us with any questions or concerns. When you’re ready, simply contact us for the new homebuyer paperwork which includes the buyer representation agreement . We’ll send you documents for signature via DocuSign, giving you a contractual guarantee that we will pay your new Texas home rebate.

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• We will provide you our details that you can share with the sales representative at the sales office. Make sure that you register us as your Buyer's agent with the builder.

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• DON’T just show up at the model, sign in without an agent, and expect the builder to pay a realtor commission. That could be an expensive mistake!

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Do I have to sign an agreement to receive a new home rebate?

Yes. A Buyer's Representation Agreement is required by law in order to receive a new construction builder rebate. The agreement provides protection to all parties by spelling out the terms of the rebate and the agency relationship in the transaction. Contact Nitin Gupta, REALTOR - maximum  Cashback Rebate Discount Realtor Dallas Austin Houston & San Antonio for more information.

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How can I get new home rebate or maximum cash back on real estate purchase in Dallas, Austin, Houston, San Antonio or any other city in Texas? What are the steps once I have identified a new home for purchase?

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• Make sure that you register us as your Buyer's agent with the builder.

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• Once you’ve picked a builder and community, find out what they expect from us as your buyer’s agent. Some builders expect us to be present when you sign the contract. Others want us to come by after you sign the contract to sign an addendum in person. Still other builders will accept our signature by email.  Let us know when we’re needed.

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• Work directly with the builder. We can look up comps for you to help your negotiation and review the contract before you sign. Let us know if you need help negotiating this with the builder.

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So what's the catch?

There's no catch. There are no fees from you, the buyer, for our services to represent you as a buyer's agent.

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Am I eligible for new home rebate, maximum cashback or discount in Dallas, Austin, Houston & San Antonio?

Purchasing a property through us - Nitin Gupta – Maximum Cashback  Rebate Discount Realtor Dallas can earn you a huge rebate from the gross commission paid to your agent. It’s easy. Just use us as your agent for your next home purchase and save thousands! This offer applies to any new home listed on MLS and most new construction properties.   There are some easy requirements to qualify for these rebates. If you are interested in qualifying for the rebate, speak with us prior to executing your Buyer’s Representation Agreement.  If you would just like an estimate of the rebate you qualify for, please contact us below and one of our agents will contact you shortly.

 

Why should I hire a realtor if I am buying a new home? Why can't I get the savings directly from the new home builders in Texas? Can't the builder reduce the home price in lieu of buyer's agent commission?

Real estate agents sell builder’s homes all the time and builders typically have the Realtor commission built into the home price in an effort to keep neighborhood prices consistent. They often can’t deduct the real estate commission if the buyer does not have an agent. Receiving a new home rebate is one of the best ways to maximize your savings!  

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Who pays you?

The seller/builder pays us for finding a buyer for the property. Our payment is in the form of a commission based on the final sale price of the property. We in turn give a portion of our commission back to the buyer - Contact Nitin Gupta, REALTOR - New Home Cashback Rebate Discount Realtor Dallas Austin Houston & San Antonio for more information.

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​Where is this new home Rebate coming from? Will it change the price of the house?

The sales price of the home remains the same. The home will cost the same to you as a buyer getting new home buyer discount cashback and rebate. By working with us as your exclusive buyers agent, you will receive up to 2%* of the sales price. If you approach the house for sale on your own, what happens is that listing agent simply keeps the entire 6%, as stated in the listing agreement. So having a buyer's agent to represent you doesn't change anything, except that it gives you an experienced professional on your side that has your best interest in mind. When a property is listed for sale, the seller typically pays 3% commission to the buyer's agent. Most real estate agents then keep all of the commission for themselves. When you use us - Nitin Gupta - New Home maximum Cashback Rebate Discount Realtor Dallas - as your exclusive buyer's agent and purchase a new construction home, we don't keep all of the commission - we give you 2.5% Cash Real Estate Rebate on your new construction home purchase,  By having us as your exclusive buyer's agent, you are assured of great negotiating skills to get the best price on your home, attention to details to ensure your transaction is completed and handled correctly, plus up to a 2.5%* Cash Rebate.

 

How are you able to give me such a large cash back or new home rebate in Dallas, Coppell, Irving, Frisco, Plano, Houston, Austin, San Antonio and other cities in Texas?

Our business model is to be a customer-centric, "lean" company. We don't believe in the massive offices and multiple layers of management that the large firms have. Since our commission is pre-determined and paid by the Seller's Broker, we keep a portion and give the rest back to you. Simply put, we know you'd rather have a real estate rebate over a gift basket.

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How does your new home rebate compare to rebate offered by Redfin?

Our new Texas home rebate and cash back program is more rewarding than Redfin. E.g. for buying a $500,000 home, Redfin offers you around $2,545 rebate whereas we offer up to $12,500.

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Why don't most Realtors offer new home buyer rebates?

A large majority of agents only have a few transactions a year, so giving a rebate is completely out of the question.

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Is your new construction rebate guaranteed in writing?

Yes!  It will be mentioned in the Buyer Representation Contract that we encourage you to sign to protect your interests.

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How can I use my new build rebate credit at closing?

With both your home builder’s and lender’s approval, you may be able to apply your new home rebate against any of the following:

• Closing costs

• Pre-paid expenses

• One year of pre-paid HOA dues

• Discount points to buy the interest rate down below market

• Some builders and lenders may even allow you to apply it toward upgrades, the down payment, or the price of the home

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Contact Nitin Gupta, REALTOR - New Home maximum Cashback Rebate Discount Realtor Dallas Austin Houston & San Antonio for more information.

 

Do you charge any upfront fees for new home rebate?

We never charge upfront fees. We never charge our buyers anything.  

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Will I pay more for my new home if you represent me as a buyer's agent?

NO! Your home will not cost you anymore whether you use us to represent you or you represent yourself. Builders typically pay a 3% commission to agents who bring them a buyer. But many buyers find it easy to shop for newly constructed homes on their own and don’t bother to enlist an agent. The irony is that the builder company policies require the price of the home to be the same whether the buyer uses the service of an agent or not. Compensation provided to the agent is recognized by the builder as a marketing cost and has no impact on the final price of the home. In fact, most builders expect and encourage agents to participate in their home sales. Otherwise, the builder simply pockets this unused expense. There is no discount or price reduction if you purchase your new home without an agent.

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Can I visit new home communities on our own without you and still get new home rebate?

Yes, but you must officially be my client first to protect the commission and rebate. Once you return the signed Buyer Representation Agreement, our relationship is protected. You should also write my name down as your agent in their visitor log/card upon first entering their office. Contact Nitin Gupta, REALTOR - maximum Cashback Rebate Discount Realtor Dallas Austin Houston & San Antonio for more information.

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I am already registered with or have been talking to a new home builder, can I still get a new home rebate?

The answer is most likely. A builder usually wants to know at the first meeting if you have a real estate agent representing you. If you have already visited a builder, they are not legally bound to compensate a real estate agent, since you are already a potential client. Usually, a builder will allow you to have an agent after you have made contact with them. Please contact us and we will discuss the best way to approach the builder in this situation.

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I already signed a contract with a builder, can I still get the new home rebate?

No, unfortunately you cannot. On your first visit to the Builder’s model home/sales center, the builder needs to be notified that we are representing you as your Real Estate Agent. Once the builder has a signed  legal agreement, there is no obligation for them to change the terms of the agreement in order to pay commissions to a Real Estate Agent/REALTOR®.

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Do you also represent the homebuilder?

No, we only represent you. You are our client, not the homebuilder.

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Do I have to use a certain lender in order to get the buyer's cash back or new home construction rebate?

Of course not! Please use the lender of your choice. And we encourage you to shop and compare programs and rates. Get several estimates -- in writing and compare them!

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Will you commit to the new home rebate, discount &  maximum cashback program in writing?

Yes. We will put the commitment in writing in the BUYER REPRESENTATION AGREEMENT that we both sign.  We will review this in detail and we will answer any questions that you might have.

 

 

What are  quick delivery homes or immediate delivery homes or spec homes?  Would I get a new construction home rebate if I bought one of these homes?

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An immediate delivery home or a "spec home" is a brand new home that was customized for a particular buyer, but at some point during construction, the buyer backed out for whatever reason (financing fell through, loss of job, job transfers, death in the immediate family, medical problems, etc.)  These homes are typically loaded with many beautiful interior/exterior upgrades and are priced very low for quick sale. The bottom line is that the builder is stuck with a home that is completed, but they no longer have a buyer. In this scenario, the builder is highly motivated to sell these homes as quickly as possible, even if that means selling at a loss!!!

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These homes represent the best value on the market if you can find them.  The problem is that most buyers (and agents) don’t even know about these homes because many are not advertised or listed on the MLS. However, we have developed a system and relationships for locating these new home bargains and can assist in helping you find one that meets your criteria. Yes, we offer new home rebate & cash back for immediate delivery homes.  

 

Can I still use your services if I already have a buyer's agent?

No, if you’ve signed an exclusive Buyer Representation Agreement then you will have to wait for that agreement to expire before you can use our services. If you did not sign an agency agreement but were shown a particular property by another agent, then you cannot use our services to purchase that property.  

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Can I use your services if I’m purchasing an existing home?

Please contact us for various options if you are purchasing an existing home or a resale home.

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Won’t I Be Able To Keep All Of The Buyer’s Side Commission If I Don’t Use A Realtor? 

No! Home Builder and real estate brokerages put in place a system of sharing commissions with each other to spur on cooperation in getting homes sold. If you do not use a Realtor to purchase your home, the listing broker is entitled to keep the entire commission. Not only will you not be able to receive a commission rebate, but without the assistance of a Realtor working on your behalf with pricing, negotiating and market research, you very well may end up paying more for the home. Remember, the listing agent is obligated by law to represent the interests of the Seller, not you

 

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Are you familiar with good school districts in DFW and can you provide maximum cashback?

Nitin Gupta - Indian Desi maximum Cashback Rebate Discount Realtor Dallas - is very familiar with good school districts like Highland Park ISD, Carroll ISD, Coppell ISD, Frisco ISD, Argyle ISD & Plano ISD.  

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What am I’m not allowed to do with my Texas new construction rebate?

You cannot use your rebate as a part of your down payment on the house. Your lender may have additional restrictions on how you use the rebate as well.

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Do I pay taxes on my new home rebate?

We advise you to consult a professional tax attorney or CPA in regards to your personal tax obligations regarding your rebate if applicable.

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Can investors buy more than one property and receive multiple rebates through your Texas New Construction Rebate & Discount program?

Yes investors can receive multiple rebates, it does not matter how many properties you buy.

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Do we have to buy a home from a list of builders you do business with to be eligible for the Texas New Home discount & new construction rebate?

NO. We work with all the builders in state of Texas. If you are buying a new home in a state outside of Texas, please contact us and we will get you in touch with a great local agent who can help you!

A local builder is advertising thousands of dollars in discounts, a free appliance package, and will even pay my closing costs. Don't I lose all of this if the builder has to pay you a commission?

NO. The builders cannot pick and choose who qualifies for their advertised incentives. All buyers must be treated fairly and equally. You will receive any special deals they are offering in addition to the rebate. There are often times when we know about additional incentives that will save you even more money. Contact Nitin Gupta, REALTOR - New Home maximum Cashback Rebate Discount Realtor Dallas Austin Houston & San Antonio for more information.

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Can you also help me sell my current home?

Yes, as a fully licensed agent in state of Texas I can also assist you with the sale of your current home. Start here -  FREE INSTANT HOME PRICE  - to find out the true value and suggested asking price of your home INSTANTLY for free! It’s fast, easy and 100% free. Just enter your address and instantly receive your home’s current value.

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What does Active Option Pending status of a property mean in Texas?

The North Texas Realtor Association MLS uses several terms to show the status of a listing. Agent have 3 days to update status.

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"Active" – ACT- Property is available for sale.

 

"Active Option" – OPTION - Property is available for showings and back-up contracts. Property is under contract with an option. Once the option expires, the status must be changed.

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"Active Contingent" – CONT- Property is available for showings and back-up contracts. Property is under contract with a contingency. Contingencies are not limited to Sale of Other Property, they can be almost anything. Typical contingencies include, sale of other property, lender approval required (as in a short sale), financing and inspections. It is appropriate to use this status until all contingencies have been met. This could potentially go right up until closing in the case of financing.

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"Active Kick Out" - KO - Property is available for showings and back-up contracts. Property is under contract with a Contingency for Sale of Other Property with a Kick Out Provision. It is appropriate to use this status until the contingency has been met.

 

"Pending" – PND - Property is under contract with no more showings.  

 

"Temporarily Off the Market" – TOM - This status should be used when the owner does not want showings for a brief time during this listing. This could be due to repair or remodel, owner illness, or other reasons. The expectation is that this is a temporary situation, and the listing will be returned to Active or some other status after a brief period.  

 

"Withdrawn" – WTH - Property is no longer available for showings and is effectively off the market. The listing still belongs to the listing broker until it expires. It is not available to be listed by another broker until it expires. This status is typically used when the seller decides not to sell the home, and the broker does not want to release the listing until it expires.  

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"Expired" – EXP - The status automatically changes to expired when the listing expires (based on the expiration data entered into MLS by the listing broker).  

 

"Cancelled" - CANC - The seller and listing broker agree to terminate the listing, and the listing is then cancelled in MLS. This is an UNCONDITIONAL RELEASE of the listing, and it can then be listed by another broker in the MLS.  

 

"Sold" - Property has been sold. All status changes must be made in the MLS within 3 days.

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Tips:

Buyers should focus on Active listings. Active – no offer has yet been accepted. Seller may already be considering offers. Option Pending – the seller has recently accepted a contract and the buyer is conducting inspections during a due diligence “option” period of approximately 7-10 days during which the buyer has an unrestricted right (option) to terminate the contract. There is a roughly 10-20% chance the buyer may back out of the contract during the option period. 

What should I do to get the most out of the Dallas New Home Rebate program?

We encourage our buyers to search homes online. Buyers can search for new homes  and resale homes on Realtor.com, Zillow, Trulia, or the website of your choice. We can also set the buyer up on an automated search directly through the MLS. This will email the buyer automated notifications for new listings that meet their search criteria. We also encourage buyers to drive by homes of interest. Many homes can be weeded out based just on the exterior or location.  

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Does the Texas New Construction Rebate program apply only to new home construction?

Yes it applies to new home communities. Buyer Rebates Realty must be your "registered" Realtor at the new home community in order for us to get paid a commission and then in turn, to be able to pay you a new home rebate. When you visit the community, be sure to tell the community / builder site agent that we told you about the community and that we are your real estate agent. This is especially important if you complete a community / builder registration form.  

 

Can you help me find a Vastu compliant home and provide new home rebate?

Yes, Nitin Gupta works very closely with Desi Indian community in the Dallas-Fort Worth Metroplex. Nitin has lived with his family in the metroplex for several years and is very familiar with areas  like Southlake, Frisco, Plano & Coppell  - cities with good school districts - and adjoining areas such as Valley Ranch, Irving, Flower Mound, Southlake, Allen, Mckinney, Prosper & Little Elm. For more information on different areas of DFW contact Nitin Gupta – Indian Desi maximum Cashback Rebate Discount Realtor Dallas 

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Does the rebate program apply to homes on the Multiple Listing Service (MLS)?

 

Yes it does. However, if another agent shows you the inside a home, chances are that home will not qualify for a rebate. (An exception to that rule is an open house; so long as you tell the other agent at the open house that you are already working with us, the rebate program will still apply.) You can also do "drive-bys" to check out the exterior of houses and neighborhoods but when you want to see inside a home, be sure to call us and see it with us.

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Contact Nitin Gupta, REALTOR - Cashback Rebate Discount Realtor Dallas Austin Houston & San Antonio for more information.