FREQUENTLY ASKED QUESTIONS
A: A “Buyers Rebate” is a monetary contribution that is given to the buyer at the close of escrow.
Q: Where does the Rebate come from?
A: The Rebate is given out of the Realtors commission they receive on the sale of the property.
Q: How much is my Rebate?
A: Your Rebate is 1% of the sale price!
Q: Are real estate Rebates Legal?
A: YES! The U.S. Department of Justice advocates Rebates and has a dedicated section on their site in reference to the matter here.
Q: Are there any restrictions?
A: The only restriction is that we MUST represent you during the real estate transaction. This means that you CAN NOT use another Realtor / Broker.
Q: What areas do you cover?
A: We are licensed for the entire state of California, however we have a focus on communities in southern California including Los Angeles, Orange, and Ventura counties. Please inquire regarding other areas.
Q: Is the buying process any different from traditional Realtors?
A: Different, Yes. Different in many positive ways. You will find we have better communication, expert contract negotiation, and we will bring a helpful smile throughout the process.
Q: What if I can’t find a particular property on your website?
A: Our site gets a direct feed from the MLS. It is setup to only show “active” properties. Many times properties found on other large internet sites are either “sold”, “pending”, “withdrawn”, or “back up” and are not available for purchase. If you have a property you believe to be “active” but is not showing up on this site, please let us know and we will look into it.
Q: How does it work?
A: The following is a general overview of the home buying process.
- You search the site and save the properties you would like more information on.
- We schedule appointments and accompany you to view each property.
- You select your favorite house and We will do a market analysis to help determine value.
- We discuss your wants, needs, and then formulate an offer to purchase the property.
- We go to bat for you, expertly negotiating the best possible deal on your behalf.
- Once your offer is accepted the seller will then open up escrow.
- Escrow is opened up with a 30-45 day time line. During this time, there is a large variety of things that take place from ordering your home inspection, signing 100’s of documents and satisfying lender requirements to name a few.
- Escrow is notified of your rebate, and it is added to the HUD-1 (the document that outlines all of your charges and credits). This ensures that you will receive your Rebate. The Rebate will offset the required cash you need to bring to closing.
- After all conditions have been satisfied, escrow will have you come in to sign all the remaining paperwork and loan docs. These docs will then be sent back to the lender.
- Your loan Funds. The bank will send the wire to escrow. Escrow can then pay off the seller and all associated items.
- Escrow records the title in your name at the country recorders office. It is only once recorded that the house is truly yours and you can receive the keys.