Why work with traditional buyer brokers who keep the entire 3% commission for themselves when you can choose REBATE TEXAS and get thousands of dollars back at closing?!
For savvy, well-prepared Texas buyers, REBATE TEXAS pays 2.5% rebates for new construction and 2% for resale homes!
REBATE TEXAS LLC dba Southern Homes is a Broker firm licensed by the Texas Real Estate Commission (TREC), under individual broker W David Beutel.
David is a graduate of Stanford University, and his diverse professional and entrepreneurial background including Peace Corps, teaching, school administration, industrial equipment sales, financial planning, portfolio management, insurance, and real estate. David's prestigious certifications include Certified Financial Planner® and Chartered Financial Analyst®.
As a real estate investor, David has owned and managed several rental properties.
David helps smart Texans achieve their real estate goals through rebates and flat-fee listings, using a contemporary business model to earn a fair profit while generously rewarding clients. David follows the late Zig Ziglar’s edict that you can have whatever you want in life if you’ll just help enough other people get what they want.
Planning to purchase from a new home builder like Highland, Perry, Westin, Taylor Morrison, Toll Brothers, Lennar, DH Horton, Coventry, Newmark, Trendmaker, etc? Whether you're buying a quick-move-in home or a custom-built home closing months later, REBATE TEXAS will assist you and reward you with a 2.5% rebate at closing! See our T&C below for more details.
Ready to buy a preowned home? REBATE TEXAS provides all the essential buyer representation services, including contracts and amendments, negotiations, and even a limited number of prequalified showings. Whether you've already found the home and are ready to make an offer, or if you need a little more help setting up screens or alerts, REBATE TEXAS will provide outstanding service and reward you with a 2% rebate at closing! See our T&C below for more details.
Thinking about listing your home for sale? Our full service flat-fee listings provide all essential seller representation services, including a full MLS listing, professional yard sign and electronic keybox, showing service, negotiations, and more! Visit https://flatfeehoustontx.com for more details.
We pay commission rebates at closing as a credit against buyer closing costs, including discount points, prepaid taxes and insurance, HOA fees, lender fees, etc. A credit at closing is as good as cash because it directly reduces the amount of cash you would otherwise have to bring to closing.
As per TRID/RESPA regulations, rebates are not paid outside closing. As summarized on the Texas Real Estate Commission website: "All rebates should be reflected in the closing disclosure form and any cash rebate to a buyer should be made with the consent of the buyer’s lender. A license holder may not pay a rebate outside of the transaction."
Most clients are wasteful of real estate professionals’ time and resources and the real estate industry is similarly wasteful of clients’ resources. Most realtors have to charge their serious clients much more than necessary to make up for all the fruitless efforts they expend on not-so-serious, high-maintenance people they have to deal with. They also must subsidize an inefficient business model with big offices, broker overrides, team leaders, billboards, etc.
REBATE TEXAS and our clients partner together to eliminate the waste – and to share the rewards!
We eliminate waste from our side (by running a lean operation with minimal overhead) and our buyer clients eliminate waste from their side (by doing their own market research and by being low-maintenance clients).
Only well-prepared, low-maintenance, and conscientious buyers qualify for our program – clients who earn their rebate. We believe smart, serious home buyers deserve a smart, serious broker (and vice versa).
Rebates must be applied at closing and appear on the closing statement. If buyer is using a mortgage, Rebates must be allowed by buyer's lender. The 2% and 2.5% rebates assume a 3% commission is offered. On purchases below 300k, a minimum broker commission applies: 3000 for resale and 1500 for new construction. The 2.5% new home rebate is for homes sold through salespeople in model homes representing builders that use their own contracts, where broker assistance required is minimal. Boutique builders that use third-party listing agents are handled as resales. Rebates may be reduced for distressed properties, corporate listings, and when clients require multiple showings and/or offers. New home rebates are subject to builder approval. Please contact us for a complete list of terms and conditions.
No! Only smart, conscientious, decisive, well-prepared home buyers - who respect our time and their own - qualify for the rebate program. Indecisive, unprepared, unfocused home shoppers do not.
Yes and no. We’re like the economy airline that provides the essential services at a great price by not building into the price many extra non-essentials. Foe resale buyers, we provide a limited number of serious showings, contracts and amendments, negotiations, final walkthroughs, and guidance from start to finish. For new construction, the builder does the showings and contracts, which is why the rebate is larger for new construction homes. We won’t shuttle your checks to the title company and we won’t sit next to you at closing, but we'll verify your closing statement ahead of time and keep you on-track throughout the process. Our clients are willing to forgo hand-holding and get thousands of dollars back at closing instead!
Yes! You can confirm it here right on the Texas Real Estate Commission’s website. Rebates are helping introduce competition in an industry where true price competition is rare, despite the paradigm shift that has occurred in technology. In 2005 the US Department of Justice successfully sued the Kentucky Real Estate Commission to allow rebates in Kentucky. In 2007, the Federal Trade Commission (FTC) and DOJ issued a joint report “Competition in the Real Estate Brokerage Industry,” praising new business models like ours that are finally starting to make the real estate industry more competitive!
In our experience, buyer closing costs for PITI mortgages on home purchases in the 300k-700k range in Texas typically run about 2.7-3.1%, which is more than the 2% Resale Rebate and the 2.5% New Home Rebate, so this isn't usually a problem. This can be as issue if a new construction builder is offering a closing costs incentive in addition to our realtor rebate. Ask your lender for a worksheet of your estimated cash cash to close, inclusive of the expected rebate. If the expected rebate exceeds your closing costs, let us know the approximate excess amount as soon as possible, so we can help strategize solutions. We have provided multiple rebates of $25,000 - $28,000, so we can usually figure a way for you to utilize the entire expected rebate.
Read the FAQs on this website. Call us with any questions. Decide if REBATE TEXAS is a good fit for you and your real estate goals.
Contact a lender and get prequalified or preapproved. Send us a copy of your current mortgage pre-approval letter (or proof of funds for a cash offer). If you need suggestions for lenders, give us a call.
Select a preferred area and 1-3 active listings in that area. Drive by the home(s) first to be sure you like the location, neighborhood, traffic level, etc. When you are ready to visit your finalists and to submit a reasonable offer (not a lowball bid) within 24 hours after the showing, give me a call.
If you are interested in new homes, please be sure to alert the sales representatives in any model you visit that you are working with Southern Homes (dba for Rebate Texas LLC) as your buyer’s broker.
When you're ready to make a viable offer, we'll prepare a draft offer and buyer-broker agreement for your review. We’ll get these signed electronically and submit your offer to the listing agent. We'll work closely with you to negotiate the final price and terms, and help you address any concerns that may arise out of the inspection.
We'll help you select an inspector, get inspections approved, and provide guidance on preparing a repair request list. We'll submit the list to the seller's agent and negotiate an amendment for repairs or a financial concession in lieu of repairs.
A few days before closing, you'll get a statement showing your rebate credit and the net amount to bring to closing. At closing, you’ll get the keys to your new home, and you’ll be thousands of dollars wealthier than if you had used a regular buyer’s broker who keeps the entire 3% (or a regular listing broker who keeps the entire 6%).
$29,500 - Lake Conroe
$27,834 - Katy
$26,786 - Sienna
$25,306 - Spring Oaks
$23,500 - Bellaire
$22,800 - The Heights
$22,411 - West U
$800k home - $20,000 rebate
$600k home - $15,000 rebate
$500k home - $12,500 rebate
$400k home - $10,000 rebate
$300k home - $7,500 rebate
<300k - Minimum $1500 broker fee applies
$800k home - $16,000 rebate
$600k home - $12,000 rebate
$500k home - $10.000 rebate
$400k home - $8,000 rebate
$300k home - $6,00 rebate
<300k - Minimum $3000 broker fee applies
09:00 am – 05:00 pm
Monday - Friday: 9am - 5pm
Terms & Conditions apply.
Rebates are smaller for homes <$300k. Payment of a rebate is subject to the consent of the party the license holder represents in the transaction. Texas Real Estate Commission Consumer Protection Notice | Texas Real Estate Commission Information About Brokerage Services.
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