Stonebrae Buyer Rebates of 80% – Tax Free Commission Credit
SAVE THOUSANDS OF DOLLARS WHEN YOU BUY WITH ME
I REBATE 50% of my Real Estate Commission to my Buyers
80% Buyer Rebate on Brand New Homes!
I must register you at the Community on your 1st visit
Buy a home with me and receive a cash rebate of HALF my commission. To qualify for this offer Buyers agree to tour homes themselves via Open Houses and Broker Tours. Let me know of a property that interests you and I will take things from there. Comparative Market Analysis, Negotiating your offer, All Inspections and Appraisals to Closing. Home sellers normally offer a buyer’s agent commission of 2.5% – 3.0% of the purchase price. Your rebate will be 1.25% – 1.5% of the purchase price*
How will I receive my California real estate commission rebate?
Credit on your closing statement – My rebate will be itemized on your HUD1 closing statement as a credit. Buyers can apply their rebate to closing costs, which include loan fees, property taxes and escrow-related fees. As my commission refund may exceed closing costs by thousands of dollars, I can issue my client a check for the excess. Your Lender will require that you have sufficient funds from your personal savings, Stocks or a Gift (documented with a Gift Letter) to cover your down payment, closing costs and reserves. A Broker Rebate typically cannot be used towards your down payment and you should confirm with you Lender if a Broker Rebate is allowed.
Check after the close of escrow – some clients prefer to receive their rebate outside of escrow. In this case I will mail your rebate check on the day of escrow closing.
Is a California real estate commission rebate taxable?
NO, real estate commission rebates are not considered taxable by the IRS. A rebate will reduce the cost basis of your home (the price you paid). For example: If you purchase a $1,000,000 home and I rebate you 1.5% ($15,000 assuming 3% commission) your cost basis would be $985,000. It represents an adjustment to the purchase price of the home and generally is not part of a purchaser's gross income. When you sell your home any profit would be based on that purchase price. I do not report a commission rebate to the IRS and I will not issue you a Form 1099. With all tax related concerns please verify with your Tax Attorney as individual situations may vary. See this article on the subject from Redfin: "IRS Rules That Redfin Does Not Have to Report Commission Refunds as Taxable Income"
Is a commission rebate legal?
100% YES, The United States Department of Justice has a webpage entitled "Rebates Make Buying a Home Less Expensive". Ten states have enacted laws that forbid brokers from offering refunds, thankfully, California allows me to share my commission with you.
(*subject to a minimum commission of $10,000 to Steve Atkinson, Broker)
Available Homes For Sale in Stonebrae Country Club.
Welcome to Stonebrae-Homes.com, Homes for Sale in the exclusive Gated Golf Course Community in the Hayward Hills. Carrick Village, Veranda Heights and Sterling Village are the three neighborhoods within this exclusive community. Stonebrae is a prestigious new community with homes available from a selection of top builders. Currently homes are available from Toll Brothers, Pulte Homes and Standard Pacific Homes. Camberly Place by True Life offer luxury homes featuring interior courtyards.
There are also houses by Warmington Homes, though these have all now sold out. There are 4, 5 and 6 bedroom detached family homes all of exceptional architectural styles, designs and luxurious features. These range in price from $900,000 to the high $1,000,000 range. Our site allows you to view Stonebrae Pending & Contingent sales, Closed homes with sales prices, Bank Owned & Short Sale homes. It's all here at Stonebrae-Homes.com
Our MAP Search is the easiest & best way to view, research, compare and save favorites. Sign up to receive email alerts of 'New Listings' the day they hit the market. Log In using your Facebook, Google or Yahoo ID. Check 'Walkscore' - Research School Statistics - Review recent Stonebrae closed comparables. Stonebrae-Homes.com provides an exceptional team of professionals who have your best interests at heart. Research Local Markets, Neighborhoods, Schools and Real Estate trends on Stonebrae-Homes.com.
Stonebrae Country Club & Golf Course | Life in a Gated Community
Stonebrae is a gated community, boasting beautiful new homes, in an exquisite setting, overlooking the Bay. Stonebrae is located 30 miles from San Francisco and 35 miles from San Jose, across the Walpert Ridge. With two BART stations and major commute routes close by, this peaceful community can also enjoy easy transportation. Perfectly placed in the Hayward hills, this private, gated community offers prestigious homes and amenities overlooking the Bay. 1,200 acres of open space, a brand new elementary school and championship golfing through club membership are just the beginning.
The community of Stonebrae is blessed with natural beauty and an impeccable quality of life. At Stonebrae there is a luxurious Country Club which offers dining, banqueting, meeting facilities and a sports complex, complete with gym, pool and tennis club. There is also an exquisite championship 18 hole golf course, with fantastic views of this picturesque area. In addition to the Country Club, there are numerous trails to enhance hiking and biking as well as fishing, horse riding among some of the other recreational activities that enable you to make the most of the beauty of the outdoors living.
At Stonebrae there is a real sense of community with cooking classes, tennis lessons and wine tasting available to residents. There are also kids summer camps and arts and crafts activities. With its safe gated streets, country club lifestyle and abundance of open space, Stonebrae is a highly desirable and wonderful place to call home.
Want more Information? Like to view a home? Interested in Selling? (415) 613-8940 Steve@Houses.com
I BEAT Redfin's Buyer CASH Rebate. I have closed 800+ Bay Area Homes. I believe that Experience Counts!