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Commission RebateA commission rebate in Georgia is a very effective approach to lower the cost of a real estate transaction for the home buyer in GA. Depending on the buyer's lender-requirements and the type of loan program (Conventional, FHA, VA), a commission rebate in Georgia can be applied toward closing costs, an interest rate buy-down or in the form of a rebate check after closing. A rebate of commission can potentially put thousands of dollars back into the hands of the home buyer -- monies that he/she would not ordinarily receive. Typically, other parties to the real estate transaction would retain these funds; however, with a commission rebate in place, the Georgia home buyer saves at closing.

Once the importance of a commission rebate in GA has been established, then a home buyer needs to address the qualifications of the buyer's agent that will provide the commission rebate. It would not be wise to merely select an agent based on a certain rebate amount, but rather a combination of the service to be provided as well as a home buyer's rebate of commission. A good buyers agent in Georgia will go to bat for the home buyer that potentially saves the home buyer thousands extra through strong negotiations in all aspects of the transaction; one can be "penny wise, pound foolish" when selecting an agent solely on the amount of the commission rebate. What's most invaluable is when a buyer's agent will contend on your behalf for the numerous issues that usually arise during a real estate transaction.

Before looking at any homes in Georgia, consult with a real estate buyer's agent that will offer the buyer a money-saving commission rebate.

 
This post has been included in Georgia Real Estate News

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Stephen Graham

Atlanta, GA

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Disclaimer: This is an informational blog about real estate, not legal advice; it is the author's opinion only. You may not use or copy this real estate content without prior expressed consent. All content is for your personal viewing only. All Rights Reserved.


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