What would you choose when buying a home? Cash back or no Cash back? Many Realtors are already engaging in sharing their commission with their home buyers.

Asking your realtor to share his/her commission is a valid question to ask. Not many realtors look forward to hearing this question and would prefer you didn’t know that it is possible for you to receive cash back; yet the inquiry should be encouraged by realtors from all possible home buyers; as the cash back to the buyer could actually make or break a deal for them. In many states it is now legal for a Real Estate broker to share his/her commission with the home buyer.

Although; there may be some lender restrictions; it is always best to search online or other advertising for Realtors actively advertising this offer. Once you have located some in the state you are wishing to buy a home; go over the details with your broker of choice to see if you actually qualify to share in the commission. In most cases cash back realtors may give you actual cash back at closing or the rebated funds may be applied towards your closing cost or possibly even used to lower the sales price. Each situation is unique as per state and lender regulations.

Realtors throughout the USA know and understand that due to the age of technology with everyone using computers, cell phones or tablets the home buyers are able to do the search on their own without the assistance of the Realtor. Searching for a home that fits your needs represents a good deal of the work. In the past the Realtors were the only ones who had access to the MLS (multiple listing service) and had to spend many hours by finding a home that fit the criteria of their buyers. Now the purchasers do most of that. Once a buyer locates one or more properties they then call an agent to show them the homes they have located online. Just for this reason alone Realtors simply don’t have to invest as much time with a home buyer as they did in the past and as such they reward their buyers by sharing a portion of their commission.

Yet be aware, even though you are sharing in the commission there are many steps of the home buying process that are better conducted by an experienced Realtor. It should be the cash back realtor’s duty to make sure they are not trading off a part of their commission for you to do all the work. Besides getting cash back you deserve to be provided with full services. It is important you receive assistance during every step of the buying process; regardless of whether it is your first home or next home. Just because you spend the time initially finding a property does not mean you get should get limited services.

Not only ask your Realtor of choice for the cash back option but be sure your cash back realtor represents you as a buyer’s agent not a transaction agent. This means your agent is working specifically for you to protect your interest. Your buyer’s agent should walk you through every step of the home buying process; such as setting up and accompanying you to the property viewings, writing and negotiating all offers, assisting you with mortgage lenders and specialized down payment assistance programs and especially accompany you on final inspections and to the closing table.

Whether you are someone still renting and are considering purchasing your first home or next; you should feel confident in your agent of choice and end up more than satisfied like the many other home purchasers who bought through a Realtor and received cash back.

So don’t hesitate to begin your search for the home of your dreams because you feel you might not have enough cash to pay for the many items required for the purchaser to handle. Working with a cash back realtor can help with up to 1% of the sales price in most cases. For instance if you were to purchase a $400,000 home, you would receive back $4000.00 to do with as you please. This kind of money can be used for virtually anything, including home repairs or updates, new furniture, a vacation, college savings funds or simply put it in the bank. In some situations the home buyer can get even more than the 1%.

Knowing that this option is available I can’t imagine why anyone would choose to settle for less than a cash back realtor. Search from them right along with searching for your perfect home. If they are not openly advertising this offer; then ask anyway!

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