GET A CASH REBATE WHEN YOU BUY
It couldn't be easier:
1. Find your dream vacation home
2. Register Hightower Realty as your buyer's agent
3. Walk away from the closing table with a big check in your hand
If you are buying a new construction home on a vacation home resort community, Hightower Realty will give you a substantial cash rebate after closing from the commission offered to the brokerage by the developer. The amount of this cashback is currently, and until further notice, $10,000 ($20,000 on Solterra Resort), irrespective of the builder, the community, or the type and price of home you buy.
Buy a new vacation home and get a big check at closing to use in any way you want. Apply it to your closing costs, or towards the cost of furnishing your new home, or to bring your family down for a free vacation when you close on your purchase. This offer applies to any of the seven preferred new communities we list, Storey Lake, Windsor at Westside, The Retreat at Championsgate, Solterra Resort, Sonoma Resort, Veranda Palms and Bellavida Resort. Other new communities by agreement. Margaritaville Resort is specifically excluded.
Just be sure to register Hightower Realty as your buyer's agent when you first make contact with the sales team at the community. If you don't do this weI don't earn any commission, and there is nothing for you.
We also offer referral fees to licensed real estate professionals. So if you would be more comfortable being introduced to Hightower Realty through a real estate licensee who is local to you, and who can confirm my credentials and professional status, please feel free to do that. Ask your local agent or broker to contact me and I will send them details of our referrals program.
So is the practice of offering cash rebates legitimatel? In most states, including Florida, yes it is. In fact the federal government encourages it as a way of making housing more affordable to buyers. The Department of Justice refers to these cash refunds as rebates, typically cash payments from the real estate broker to his or her client after closing. If you are financing your purchase you will need to declare any cash rebate to your lender. There are guidelines and restrictions to a third party contribution based on type of loan, loan to value ratio. Not declaring the arrangement is a form of mortgage fraud, so don't take that risk.
Can you get a better deal from the builder if you go directly to them without a buyer's agent? Absolutely not. Developers appreciate the added value that buyer's agents bring to the table, and they will never offer a buyer a better price or bigger incentives to work directly with them.
Cash rebates to buyers work particularly well for the developers of new vacation home communities, and they offer generous commissions to buyer's agents to encourage the practice and to make sure that their buyers are represented by an agent when they walk through the door. Why are buyer's agents so important to these builders? Firstly, buyer's agents deliver qualified and committed buyers, resulting in higher sales conversion rates and significantly lower contract cancellation rates. These agents also generate repeat business. Plus, consistent agent participation results in more even flow sales, allowing builders to plan, hire and budget more efficiently,