If you are going to be in the market for buying a house, you may want to take some time to familiarize yourself with the real estate rebate. There is no credit check, no paperwork to fill out, the only qualification is that you are buying a house and your realtor participates in the program. In a recent discussion with top Charleston homes for sale provider Premier One we got the complete run down on this big cost saving tactic.
Basically your realtor will give you a small cut of their commission in exchange for using their services to find your house. On average, these rebates range from $2,500 – $3,000, so you can see why it would be in your best interest to see if your realtor can offer you the real estate rebate.
Here are some of the ways that you could be spending your sudden windfall of cash:
1. Use the money from the real estate rebate to pay the moving company to deliver all of your belongings. This can be a very costly expenditure, especially after leaving closing with nothing in your pockets until your next paycheck.
2. Make repairs on the new house before you move in. Perhaps the house needs a new patio, trees trimmed, or the roof repaired. If there is work or renovations needed, use your real estate rebate to get the work done before you close.
3. Use your new found money to paint the interior of the home or have new carpeting installed. If you are buying an older home that needs some TLC, this real estate rebate will go a long way in transforming the appearance of the house and making it all your own.
4. Before you take possession of the house, local water, electric, cable, and phone companies are going to have their hands out and expect you to put down a deposit on the services they are going to provide you. The rebate money can help to cover all those costly deposits so you can move right in.
5. Perhaps you spent every dollar in savings to cover all those closing costs. The real estate rebate money can help to bridge the gap until your next check arrives by allowing you to stock up your pantry and refrigerator with enough food to last the month.
As you can see here, the money you receive from the real estate rebate can make the transition into your new home much easier. That extra cushion of cash can really help to make those first few weeks in the house more memorable and enjoyable.