I REBATE 50% of my Real Estate Commission to my Buyers
80% Buyer Rebate on Brand New Homes!
I must register you at the Community on your 1st visit
Buy a home with me and receive a cash rebate of HALF my commission. To qualify for this offer Buyers agree to tour homes themselves via Open Houses and Broker Tours. Let me know of a property that interests you and I will take things from there. Comparative Market Analysis, Negotiating your offer, All Inspections and Appraisals to Closing. Home sellers normally offer a buyer’s agent commission of 2.5% – 3.0% of the purchase price. Your rebate will be 1.25% – 1.5% of the purchase price*
How will I receive my California real estate commission rebate?
Credit on your closing statement – My rebate will be itemized on your HUD1 closing statement as a credit. Buyers can apply their rebate to closing costs, which include loan fees, property taxes and escrow-related fees. As my commission refund may exceed closing costs by thousands of dollars, I can issue my client a check for the excess. Your Lender will require that you have sufficient funds from your personal savings, Stocks or a Gift (documented with a Gift Letter) to cover your down payment, closing costs and reserves. A Broker Rebate typically cannot be used towards your down payment and you should confirm with you Lender if a Broker Rebate is allowed.
Check after the close of escrow – some clients prefer to receive their rebate outside of escrow. In this case I will mail your rebate check on the day of escrow closing.
Is a California real estate commission rebate taxable?
NO, real estate commission rebates are not considered taxable by the IRS. A rebate will reduce the cost basis of your home (the price you paid). For example: If you purchase a $1,000,000 home and I rebate you 1.5% ($15,000 assuming 3% commission) your cost basis would be $985,000. It represents an adjustment to the purchase price of the home and generally is not part of a purchaser's gross income. When you sell your home any profit would be based on that purchase price. I do not report a commission rebate to the IRS and I will not issue you a Form 1099. With all tax related concerns please verify with your Tax Attorney as individual situations may vary. See this article on the subject from Redfin: "IRS Rules That Redfin Does Not Have to Report Commission Refunds as Taxable Income"
Is a commission rebate legal?
100% YES, The United States Department of Justice has a webpage entitled "Rebates Make Buying a Home Less Expensive". Ten states have enacted laws that forbid brokers from offering refunds, thankfully, California allows me to share my commission with you.
(*subject to a minimum commission of $10,000 to Steve Atkinson, Broker)
Blackhawk, Danville Real Estate Information
Within Blackhawk there are 6 main gated communities. These are Hidden Oaks, Oakridge, Saddleback, Silveroak, Silvermaple and Blackhawk Country Club. Blackhawk Country Club is the largest of the communities, Saddleback boasts homes of 5 acres plus and Silveroak bring lavish condos to this exclusive community.
Condominium prices range from $800,000 up to $1,500,000. Large estate detached homes with idyllic settings, range from $950,000 to in excess of $9,000,000. Our Blackhawk, Danville MAP Search is the easiest & best way to view, research, compare and save favorites. Sign up to receive email alerts of 'New Listings' the day they hit the market. Review recent closed Blackhawk, Danville comparables.
Our business is Blackhawk, Danville real estate. Our website gives knowledge and technology to help you navigate all Blackhawk homes for Sale. Research Local Markets, Neighborhoods, Schools and Real Estate trends on Blackhawk-Home.com
Danville’s exclusive gated community of Blackhawk.
Blackhawk Ranch is a master planned community of exceptional luxury. Located to the east of San Ramon Danville, Blackhawk enjoys good weather all year round and is ideally located to the east of San Francisco Bay. With vast amounts of open space and at the base of Mount Diablo State Park, there is much natural beauty to be enjoyed.
Within Blackhawk there are also numerous recreational activities to embark upon. The communities within Blackhawk are all linked by a picturesque jogging trail. Blackhawk Country Club is highly exclusive with outstanding facilities, such as the swimming club and spa area, sports and recreation center. There is a sports field, basketball courts and tennis club, as well as the spectacular 18 hole Championship golf course, Lakeside.
Blackhawk Plaza, with cinema complex, supermarkets, boutique shops and exquisite restaurants, ensures that residents have everything conveniently close by to fully enjoy this fantastic community. With its tree lined streets and exceptional landscaping through hills and valleys, Blackhawk is a highly desirable place to live.
Want more Information? Like to view a home? Interested in Selling? (415) 613-8940 Steve@Houses.com
I BEAT Redfin's Buyer CASH Rebate. I have closed 800+ Bay Area Homes. I believe that Experience Counts!