New Home Rebate Program
WE REBATE 20% OF OUR COMMISSION TO NEW HOME BUYERS!
Don't make the mistake of visiting a new home builder's office without a Realtor® because it could cost you thousands of dollars!
Savvy new home buyers get more for less
Where it works!
New Homes. The New Homes Outlet commission rebate program is available for the following new home builders:
you looking to purchase a new home, condominium or townhouse? Let
NewHomesinYourTown.com assist you in finding your dream home and give
you a home buyer rebate from your buyer agency.
Sign up today to work with an agent that offers you part of their commission
when you buy your home through them. This amazing offer applies to all participating New Home
Builder Communities offering a buyer agent commission.
Why do agents offer this? The internet has revolutionized the way home shoppers search for real estate. By actively participating in the search for your new home, you will save the Buyer Agent assigned to you time and money, and they are willing to pass those savings on to you by giving you a rebate deducted from their commission.
Full Service Buyer Assistance & Cash Back
Our agents are obligated to work just as hard as any other agent to get you the best deal and terms on an offer you submit. Best of all, because standard real estate commissions are paid by home sellers NOT home buyers, this service is totally free to those looking to buy a new home, condo or townhouse.
Yes rebates are legal Click Here
Home buyer should consult a tax professional concerning the implications of receiving the rebate. Real estate commissions are negotiable and not fixed by law. Eligibility for rebate requires a signed Buyers Agency Agreement provided by us VRI Homes or an affiliated broker at initial contact spelling out the terms of the rebate and the agency relationship to the property buyer. All parties involved must be notified about the rebate. We must net a minimum of $3000. in commission before payment of any rebate. If your area is not covered we will attempt to find an affiliate broker who can assist you. Lender guidelines may be affected by receipt of a rebate so discuss with your mortgage representative. This offer subject to change without notice.NJ Buyer Rebate Form
Example Buyer Agent Commission $10,000 Buyer Rebate 20% $2,000.00
Simply fill out the form below and we will send you the buyer rebate coupon immediately by e-mail. As always, you can contact one of real estate professionals directly toll-free at (800) 531-2885.
The IRS has provided an opinion on this subject, and determined that real estate rebates are not taxable. You can read more about the IRS position on the matter at this link and this link. Since the rebate is not taxable, a 1099 will not be issued to you. link
IMPORTANT: New Jersey Real Estate Commission rules REQUIRE there be a written agreement with the buyer at the onset of the relationship. Otherwise no rebate may be issued. So you must sign up for this initially or it will not apply. The rebate will be paid as a “credit” to the buyer at closing or a check from the closing agent, thereby reducing our portion of the Broker commission.
This page does not create an agreement between the parties, that can only be accomplished through a written signed agreement. This is for NJ Buyer Rebates on Real Estate Commissions. The "ACT" permitting this practice was signed into law on January 17th 2010 including Rebates on Real Estate Commissions. As the Act is new, changes to our plan may need to be implemented to conform as requirements are clarified. Any aspect of our Buyers Rebate program which does not meet applicable rules, will be changed or modified. We will not be liable to perform any act which does not now or in the future meet all requirements of NJ Law, NJ Real Estate Commission Rules, or Federal Law. In New Jersey all commissions are negotiable. No valid on existing customers since the law requires the agreement be signed at the onset of the relationship.