Closing cost or Buyer Rebate?

Asked by cmn1967, Cape Coral, FL Sat Apr 20, 2013

Can a seller still pay funds towards the buyers closing cost? Also how does the Buyers agent rebate funds back for closing? Sorry about all the questions , new to all of this!

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2
Stephen McRo…, Mortgage Broker Or Lender, Tampa, FL
Sun Apr 21, 2013
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I like to think that I am the leading authority on Realtor Rebate Savings in America.

Here's something that I guarantee you other Mortgage Brokers won't dare share with you, click and read below:

http://www.trulia.com/blog/steve_31/2012/08/working_with_a_b…


After reading the above, you now have more knowledge on this subject than 99.99% of the rest of America! Here are just a few of the ways buyer/borrowers can use Realtor Rebate savings:

pay for Closing Costs
pay for separate Attorney representation
pay for Interest Rate Reduction
pay for Gift Card; Home Depot, Lowes
pay to Wounded Warrior Project/charity
pay for rental car for buyers while in FL
pay for plane tickets to FL to shop
pay to eliminate PMI
pay to buy out remainder of lease
pay towards down payment
pay for the 1st full year of home ins.
pay for taxes and ins. escrows
pay for a Home Warranty
pay for home repairs
pay off credit card debt, auto loans, etc.
pay off collections and judgments
pay for new furniture
pay for all new appliances
pay for home remodeling and additions
pay to have home painted
pay for weekly pool maintenance
pay for credit repair
pay for landscaping
pay for monthly lawn care
pay for new A/C system
pay for airline tickets
pay for hotel stays
pay for rental cars
pay portion to prior realtor for their efforts

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0 votes
Tim Moore, Agent, Kitty Hawk, NC
Sat Apr 20, 2013
Seller can pay closing costs up to a limit based on the loan type. Buyers agent refunds, although I don't do this, just gives a buyer some of the commission the agent was going to make. As long as it is fully disclosed they can give away what they earned.
0 votes
Thank you Tim for your answer! How are home prices in NC?
Flag Sat Apr 20, 2013
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