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SAVE THOUSANDS OF DOLLARS WHEN YOU BUY WITH ME
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)
Pacifica Real Estate Information
The Pacifica real estate market is diverse, boasting a broad range of homes to fulfill different styles and budgets. Condominiums and townhouses in Pacifica start in the $300,000's and go up to the $650,000 range. Single family three and four bedroom detached homes range in price starting below $400,000 to the low $2,000,000 range for large 4 and 5 bedroom homes, some with stunning Pacific views.
Our Pacifica MAP Search is the easiest & best way to view, research, compare and save favorites. Research Pacifica School Statistics check out recent closed comparable sales. Research Local Markets, Neighborhoods and Real Estate trends on Pacifica-Home.com
Sign up to receive email alerts of 'New Pacifica Listings' the day they hit the market. I believe experience is of paramount importance in a real estate transaction. My 23 years of real estate sales can help you negotiate an aggressive price on your Pacifica home purchase. I Rebate my Clients 50% of my Real Estate Commission - TAX FREE
Pacifica Community Information
Pacifica is located between San Francisco and Half Moon Bay and is a city within San Mateo County. Pacifica is a coastal city spanning 10 km of beautiful sandy beaches and hills. The city sits between the valleys of Montara Mountain and Sweeney Ridge and was the first discovery of the San Francisco Bay which previously had been missed due to foggy weathers. Almost 40,000 people make their homes in Pacifica with its family oriented lifestyle and fantastic range of outdoor recreational activities.
Rockaway Beach is a scenic location which offers great dining in addition to recreation whilst Pacifica State Beach and Linda Mar are often bustling with surfers. There are numerous biking and walking trails across the beaches and hillsides as well as fishing, golfing, horse riding available to be enjoyed. There is an abundance of entertainment available with the beautiful art galleries, museums and music.
There are a number of parks and The Golden Gate National Recreation area is close by. Pacifica is ideally located, a small friendly area, with a great sense of community and only a short drive into San Francisco. Perfectly situated on the Pacific Ocean, the scenic coastline makes Pacifica 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!