The Florida Buyers Rebate is Money in Your Pocket

Posted by Nick Niesen on November 8th, 2010

In Orlando, Florida, new homes are springing up everywhere. The area is booming with newcomers, tourists, retirees, and even second homeowners who enjoy vacationing in Orlando every year. Even the number of people who are securing preconstruction condos and homes is on the rise. What does this mean for you? Plenty of opportunity! And with the Florida buyers rebate, you can now even receive cash back just for building a new home.

What is a New Home Rebate?

A new home rebate is issued to you when you build a new home construction. New homebuilders offer a standard commission of 3% to licensed Florida Realtors. As a buyer, you are protected by law so the builder doesn't "up your price" to pay this commission. On the other hand, the price also remains the same even if you do not go through a broker. So, the builder pockets the commission. The builder is not allowed to pay this commission directly to you, but to a licensed Realtor only. When you do use a Realtor, the Realtor can in turn offer you a percentage of their commissions just for using their services.

One particular service being offered by a Realtor in Orlando, Florida right now is the amazing 2% new home rebate. With this Florida buyer's rebate, you could receive anywhere from $2,000 up to $30,000 in rebate money. This new homebuyer's incentive not only gives you extra money in your pocket, but also gives you incentive to use a Realtor's services for building your new home in Orlando. These services can save you time and money because the Realtor will be able to guide you through the process. They've done it plenty of times before and know all the ins and outs of building a new construction home. You can save yourself from many headaches by using a Realtor's services.

Benefits of the New Home Rebate

There are many benefits when you take advantage of a new home rebate. An obvious benefit is that the rebate is money in your pocket after building your new home. Also, this Florida buyers rebate program can help you to do any last minute remodeling or landscaping. The money can be used to pay toward your homeowner's loan to reduce payments or interest, or to shave years off your payment period. It can be used for college tuition for your children. You can invest the money for the future and draw interest. If you are a real estate investor, you can use the new home rebate as a down payment for a future investment. The possibilities are endless.

Qualifying for a Florida Buyers Rebate

To qualify, you must contact a Realtor first (before contacting a builder) who is offering a new home rebate as an incentive. It is not offered by everyone. You will likely be asked by the Realtor to fill out forms (proof that they referred you). Then, you must let the builder's on-site representative know before getting started that you were referred by that particular Realtor and present the necessary paperwork. Be sure to specify which Realtor referred you before coming to any agreements with the builder. The Realtor's name must appear on your sales contract.

Once you've taken the necessary steps, the builder will pay their commission to the Realtor, and the Realtor will pay the new home rebate to you. It's a simple process that can put thousands of dollars in your pocket.

You can find valuable information about the Florida buyers rebate online. Be sure to study the procedures before contacting a new homebuilder. If you contact them first, it could mean losing your rebate. So use online resources and the realty tips above to secure your new home rebate and enjoy the benefits for years to come.