Thomas Parrott, Esq.

DRE: 00243972


(310) 903-3035

THE NEW HOME BUYER'S REBATE PROGRAM

 

 

LAWYERS IN REAL ESTATE!

PLANNING TO BUY A NEW HOME? 

REBATE PAID IN CASH WHEN WE  REPRESENT YOU!

CALL NOW (949)382-4935   or    (888)452-3977 

TO HAVE A REAL ESTATE BROKER WHO IS AN EXPERIENCED ATTORNEY PROTECTING YOUR INTERESTS ALL THE WAY WITHOUT PAYING ANY ATTORNEY FEES!

Welcome To the "New Home"

& ReSale Home Buyers

Rebate Program!  

KNOW YOUR OPTIONS!! 

NOTE: Register With Us BEFORE You Enter The Builder’s Models! 

In order to be eligible for your New Home Rebate from Us,

they require that you MUST REGISTER with us before visiting their SALES OFFICE.


PROGRAM #1:

NEW CONSTRUCTION

Home Buyer’s Rebate/Grant Program

Applies to ANY New Home Purchase !

(Developer participation required) 

No price limitations or minimums. 

EXAMPLE: A $5,000+ Cash Rebate is paid to Buyer on a $500,000 New Home ($8,000+ on an $800,000 home, $10,000 on a $999.000 home, etc.) and more on higher sale prices!!!

Call direct (949)382-4935 or (888)452-3977 for more information!


HOW IT WORKS

 The Real Estate business is changing, with the use of the internet, home computers, smart phones, mobile devices, and Home builders direct marketing, etc. Many homebuyers prefer to search for a new or resale home themselves, conveniently wherever they are and whenever they want. They do not need a broker to do the searching for them.

 

The traditional Real Estate community is still playing by the old rules from years ago, but we at Lawyers Real Estate Group feel that homebuyers should be rewarded for all of their efforts. By actively participating in the search for your home, you save us time and money, so we pass the savings on to you! To compensate, we will give you part of the referral fee paid to us by the builder as a rebate at closing, dependent on us receiving a referral fee from the Builder.

In other words, when the Builder pays our referral fee at closing, we share it with our client.     IT IS THAT SIMPLE! 

**********************

REBATE PROGRAM #2

ReSale Homes (previously lived in homes)(SAME REBATES)  

No loss of any rebate .


FAQ'S 


ARE REBATES LEGAL? 

YES: According to the U.S. Department of JusticeCalifornia law allows real estate Brokers to give rebates to their clients. In addition, the Internal Revenue Service has ruled that a rebate isn’t taxable, but rather is an adjustment to the buyer’s basis in the house, which effectively lowers the home’s purchase price.

  

We support the WOMEN’S CANCER RESEARCH FUND !! 

We will make a minimum $1000 donation to this charity in the Buyer’s name.

 

HOW IS THE REBATE PAID?

The rebates can be cash payments from the broker to home buyers after closing. They can take the form of a gift certificate, closing-cost payment, or free services like home inspections, relocation, or moving services. In some cases, the lender might even allow this to be used as part of the down payment. 

 

1st Narrow your home search!

You may not know the exact home you want to buy, but this is all about shopping around. If you’ve done more of the home searching yourself, and have identified a home you’re ready to make an offer on, you're doing great.

 

Getting a good rebate is important, but we firmly believe that an experienced agent, especially one who is also an attorney, on your side is worth more than a rebate in your pocket. Attorney Brokers can bring invaluable market knowledge, legal assistance and negotiating skills, have a clear understanding of your rights and responsibilities and provide legal assistance and clarity throughout the entire home buying process.

  

FAQ's


Q: WHAT IS A BUYER’S NEW HOME REBATE / GRANT?

The New Home Rebate is a form of fee sharing.  As Real Estate and Legal Professionals representing our buyer in a new home purchase, we are paid a referral fee by the builder when our clients buy a new home from them. 

To thank our client for using our service, we share our referral fee with them.

 

Q: WHO PAYS THE REBATE? 

The New Home Rebate is technically paid by the Broker!

We let the Builder know that we are sharing our fees with you and the amount we are sharing. Then, the Builder pays our referral fee to us and we pay the rebate to our client. If the builder does not grant a reduction in sales price, a closing cost credit, or apply rebates it towards options, then we will provide the rebate after closing in cash.

 

Q: WILL I RECEIVE AN ACTUAL CASH  REBATE/GRANT ?

YES: The rebate will be made in the form of either cash, a closing cost credit, applied towards option upgrades with the builder, or applied as a reduction to your sales price. However applied, the New Home Rebate will give cash credit towards your new home purchase. The rebate must appear on the HUD 1 Settlement Statement, your sales contract and your Exclusive Buyer’s Agency Agreement. If the builder will not honor a reduction in sales price, a closing cost credit, or apply towards options, then we, as the participating real estate agent’s brokerage will provide the rebate after closing.

 

Q: ARE REBATES LEGAL?

Absolutely! In California, as well as 40 other states, Real Estate Rebates are allowed. According to The U.S. Department of Justice website (http://www.justice.gov/atr/competition-and-real-estate-state-12)


Q: IF I AM ALREADY USING ANOTHER REAL ESTATE AGENT / REALTOR®, CAN I STILL GET THE NEW HOME GRANT?

A: No, unfortunately you cannot. We (HomeSmart-Thomas Parrott, Associate Broker) must be exclusively representing you as your Real Estate Agent in order for you to receive our New Home Grant.

 

Q: COULDN'T I JUST BUY A NEW HOME WITHOUT A REAL ESTATE AGENT / REALTOR®, AND ASK THE BUILDER TO PAY ME THE FULL COMMISSION ?

No, unfortunately you cannot. Per the California Real Estate rules, the only people who can be legally paid commissions in a Real Estate transaction are licensed Real Estate Agents.  We are your key to unlocking additional savings through our New Home Rebate Program.

 

Q: IF YOU GIVE AWAY PART OF YOUR COMMISSION ARE YOUR SERVICES LESS?

NO:You actually get more. Besides getting the rebate, you are also getting an attorney and a full team of seasoned professionals who know the New Home “business” inside and out. We are a full service Real Estate Group that specializes in new homes with over 35 years of experience in real estate and law. We provide assistance with contract negotiations, title matters, options selection, home inspections, structural inspections and selecting financing options. The Sales Consultant for the builder represents the builder’s interest, we represent your interest.


The LAWYERS REAL ESTATE GROUP WILL REBATE $5000 - $25,000 TO THE BUYER  AT THE CLOSE OF ESCROW WHEN WE REPRESENT THEM ON THEIR HOME PURCHASE BASED ON THE PURCHASE PRICE.


Note: Rebates must be disclosed to your lender and is subject to minimum commissions received. Typically you can use refund/rebates toward closing costs, prepays, reduction of the sales price of a home, or we can issue a cash refund check after closing.

 

The PARROTT REAL ESTATE GROUP will represent buyers EXCLUSIVELY as the Buyers Broker on a New Construction or Resale [used home]. The Broker, Thomas Parrott, is a licensed Attorney who specializes in Real Estate transactions.


WHY ARE REBATES & GRANTS GIVEN ON NEW CONSTRUCTION HOMES  (AVAILABLE ONLY THROUGH THE BUILDER). 

IN ORDER TO GET THEIR  INVENTORY OF THE NEW HOMES THEY HAVE BUILT [OR ARE BUILDING] SOLD,  BUILDERS COOPERATE WITH "SELECT" REALTORS, ATTORNEYS AND INDEPENDENT REAL ESTATE BROKERS TO BRING IN THEIR BUYER / CLIENTS TO VIEW AND POTENTIALLY PURCHASE A BRAND NEW HOME


THERE EXISTS A SMALL GROUP OF REALTOR ATTORNEYS WHO SPECIALIZE IN REPRESENTING NEW HOME BUYERS WITH THIS PROCESS. THE PARROTT REAL ESTATE & LAW GROUP IS ONE THEM. IF OUR BUYER-CLIENT PURCHASES ONE OF THE BUILDERS NEW HOMES WE ARE PAID A REFERRAL FEE WHICH WE SHARE WITH THE BUYER IN THE FORM OF A REBATE. THE AMOUNT OF THE REBATE IS BASED ON THE AMOUNT OF THE REFERRAL FEE WE RECEIVE.

EXAMPLE: THE $5000 REBATE IS BASED ON A MINIMUM PURCHASE PRICE OF $500,000.

(A HIGHER PURCHASE PRICE WOULD INCREASE THE REFERRAL FEE AND THE REBATE)

THE REBATE IS PAID AT CLOSE OF ESCROW OUT OF THE REFERRAL FEE/COMMISSION! 


HERE IS HOW IT WORKS ON RESALE [USED] HOMES LISTED FOR SALE BY ANOTHER REALTOR:

The Listing Agent and Company represent the seller and their interests in the sale of their property.

Real estate law states that their fiduciary duty and responsibility is to their client, the SELLER. 

  1. You may find any home you may want to purchase using the tools on our website, ZILLOW, REDFIN, TRULIA, REALTOR.com.,or visiting OPEN HOUSEs, etc. or any other real estate website. At the OPEN HOUSE you must inform the sales representative that we are your Broker/Attorney and sales agent/representative. DO NOT SIGN THEIR REGISTER BOOK OR FORM or give any information on yourself.
  2. Then view the homes you are interested in and view the neighborhood and community.
  3. PARROTT TEAM will:
  4. Schedule a time to show you the inside of properties that interest you and
  • Help you price the home. Do a Comparative Market Analysis (CMA) at your request.
  • Write up your offer, present it and negotiate with the seller or the seller’s agent.
  • Handle all counteroffers and paperwork.
  • Keep track of important timelines.
  • Schedule property inspections and repairs [if necessary] with the seller or their agent.
  • Be present during the inspection process.
  • Assist the loan officer assemble all appropriate documents for closing.
  • Handle the Closing and Transfer of Title and possession of your home to buyer.
  • PAY BUYER THEIR REBATE AT CLOSE OF ESCROW OR THROUGH CLOSING COSTS !
  • Help you get moved into your new home!