Frequently Asked Questions for Buyers
How can you afford to cover Home Buyer's inspection, appraisal & moving costs? I haven’t heard of other agents offering that.
We don't need 3% of the sales price to be paid fairly. If we assist you with a $400,000 home purchase, do you think we should be paid the full $12,000... or can we afford to spare some of it to make our client's home more affordable?
Is there a limit to how much Magnusson Home Team will pay to cover inspection, appraisal & movers?
Our offer is "up to $1,500". However, sometimes it's more...
for home purchases over $400,000 we can raise that limit significantly beyond $1,500!
Other agents have said that it’s illegal for them to give me a share of the commission, since I’m not a licensed agent.
Commission rebates are 100% legal in Arizona, approved by the US Department of Justice (http://www.justice.gov/atr/public/real_estate/rebates.html) and the AZ Department of Real Estate.
Wow, seems like a great deal... but what's the fine print?
When we put the offer in writing, the document states that directing commission to you is contingent on your lender's approval.
Every lender we've discussed this with has the following policy for rebating commission to buyers: "commission can be applied to closing costs, prepaid expenses, and buying down the interest rate." Bottom line: we're going to credit you $1,500 or more toward the cost of buying the home.
Oh, and all offers are required to have an expiration: offer good thru 12/31/19
We come out ahead when we work together!