Closing Costs Rebate Program
For Southern California Real Estate Buyers
Closing Costs Rebate Sample Chart
CLOSING COSTS REBATE
SAMPLE OF AMOUNTS CREDITED TO SO CAL BUYERS
| Purchase Price (sample) |
MLS Stated Commission Rate (sample) |
Selling (buyer's) Broker Commission |
*Agent Commission 84% of Broker Split |
Buyer Receives Rebate Amount (1/2 of *Agent Commission) |
| $150,000 | 3.0% | $4,500.00 | $3,780.00 | $1,890.00 |
| $275,000 | 2.5% | $6,875.00 | $5,775.00 | $2,887.50 |
| $350,000 | 3.0% | $10,500.00 | $8,820.00 | $4,410.00 |
| $750,000 | 2.5% | $18,750.00 | $15,750.00 | $7,875.00 |
| $1,100,000 | 2.0% | $24,750.00 | $20,790.00 | $10,395.00 |
| $2,500,000 | 2.0% | $50,000.00 | $42,000.00 | $21,000.00 |
| $5,500,000 | 1.5% | $82,500.00 | $69,300.00 | $34,650.00 |
To qualify for this Closing Costs Rebate program:
- Properties must be listed on a Multiple Listing Service to qualify for this program and be eligible through the lender's **loan program. (must not be on leased land), and some properties require buyers to get additional pre-approval by their loan representative when submitting an offer.
- Property must have a minimum purchase price of *$150,000.00.
- Must have a minimum of 2% commission to the buyer(s) agent/broker.
- Buyer(s) must be in the process of getting pre-approved for a loan, or is already pre-approved to make a real estate purchase.
- Buyer(s) must be willing to work with a SCRP Team member as exclusive buyer's agent to qualify.
- Buyer(s) must be willing to make their offer(s) in a timely manner as good properties will have multiple offers and submission needs to be quick to be considered. Willing to complete their transaction of purchase between two and six months of getting pre-approved by a lender.
- New Construction Projects can qualify
- if the buyer(s) have not visited or registered on site.
- NEW CONSTRUCTION: *$18,000 TAX REBATE POSSIBLE . . . CALL FOR DETAILS
- Agent must be with you on your first visit to the project site to register as your representative for any buyer(s) to qualify for this rebate program.
- 1031 Exchanges will be handled on a case-by-case basis.
- Commercial Property purchasing can be handled on a case-by-case basis.
* Some Loan Programs require the purchase be made in qualified geographic areas.
** Short Sales and REO's Broker Commission is based on Net Sales (minus down payment).
Copyright . Sue Cobb. All rights reserved.
Sue Cobb • (310) 809-3659 • surespec@sbcglobal.net
Mattucci Real Estate, Rancho Palos Verdes, California 90275
All information is deemed reliable but not guaranteed,
buyer should veriify all information to buyer's satisfaction.
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