70 Ways For Home Buyers To Save Money When Buying A Home: Tip #1

Use a real estate service that gives you cash back.

For example: A new service available to Texas residents allows them to receive up to 2 percent of the purchase price back in the form of a cash rebate. This rebate is good on any house, and is paid at closing. More information is available at www.2percentback.com

There are no fees to pay. This service is available to anyone and any house anywhere in the state.

To demonstrate: On a $100,000 house, you would save $2,000!
On a $200,000 house, you would save $4,000!
On a $300,000 house, you would save $6,000!

How this works:

The realtor who helps you buy your house will receive a real estate commission from the sale. Normally this is 3% of the sales prices. This company is wiling to give up to 2% of their real estate commission back to their clients in the form of cash back either at closing or afterwards via a check.

Normally the realtor keeps the 3% real estate commission for herself.

This works great when you are buying from a builder. In normal circumstances any real estate agent you use, will not do much. The builder's representatives do all the work. They show you the models. They go over the prices. They show you what lots are available. They even handle all the paperwork. Your realtor just sits around looking pretty.

So then why shouldn't you get back some of the real estate commission? After all, it is your money. That's right. The builder will pay the realtor a real estate commission if she does anything or not. But guess where the money to pay the real estate commission comes from? You. Because the real estate commission is already built into the price.

You pay the same whether you have a realtor with your or not. If you do not, the builder keeps the 3%. If you have a realtor, the realtor gets the 3%. You pay anyway. But if you have a realtor who agrees to split the real estate commission with you, you save money.

2percentback.com is a great service but is only available in Texas. If you live anywhere else, you can try to negotiate with the realtor you have chosen. But most will not want to give you any part of their real estate commission. That's why 2percentback.com sells so many homes. They understand that people don't like to get ripped off.

So why would 2percentback do this?
They have a couple reasons. First is because they are also mortgage brokers. So they want to be able to talk to you about getting your loan from them. You don't have to. But it would be nice if you did. Second, with real estate prices so high 1% of a huge pie is much better then 0% of nothing.

If you do not live in Texas, you too can benefit from a service like this. All you need to do is negotiate with the realtor you have chosen. For example, if you are using the same realtor to sell your current house, and then also to buy your next house, this person will earn two commissions from you. It is only fair that you ask the agent to lower his total commission since you are giving him two deals instead of just one. If that doesn't work, there are discount real estate services in most states that will help you buy or sell for less then full commission.

Another tip is to always have your own real estate agent represent you. Do not use the agent that has the sign in the yard. That guy works for the buyers only and do what is in their best interest. Not yours. And even if you buy from a builder have your own agent, just in case. It doesn't cost you anything extra. Plus you should be able to negotiate to get some of the real estate commission back.

Jesse Elliott got a rebate of $2,934!

Daniel Stidham saved $4,138!

Attony Wilson got $4,418 back!

Tamara Simon saved $2,658!

Ali Mustafa got rebated $7,400!

Piar Momin got $6,542!

James Gandi made $2,428!

La Sandra Melveaux got a rebate of $5,468!

Ernesto Maniego saved $2,746!

Neelum Nawab got $2,224!

Rolando Rubio made $2,350!

Farhan Shaikh saved $3,510!

Stephen Johnson got $2,426!

Bina Saleh got back $3,850!

Anthony Lawson made $2,016!

Manoj Kaul got a rebate of $2,588!

Sabiha Kidwai saved $2,350!

Baber Kahn Saved $3,816!

John Tumuno Made $3,698!

Gene Hoekstra got back $6,012!

Hussain Budhwani got back a whopping $4,090!

And that's just a few.

How much can you save?

"At first I didn't believe it, so I had Abby sign an agreement that he would give me 2% back at the closing. And he did.
Thanks so much."
- Allen Sams

"Abby gave me back $5,261 at closing. That bought us alot of furniture!"
- Alex Carr

"You would think that since Abby is giving the majority of the commission to us, that the service would not be as good as the full price agents. But you would be totally wrong. I have bought 4 houses before and Abby was by far the most knowledgable and competent and all the agents I have ever used.
- Sayeed Ali

"As an investor, it pays to have a real estate expert in my corner. Even the best investors need help from time to time, and Abby has always been there to help me out of a jam. I call him even before I call my real estate attorney.
-Ameen Kamadia

"Your service is phenomenal! I loved it. Where else can you get a better deal? I have already told several of my friends about you and I will continue to do so. I still can't believe how much money I saved. It's lucky for me that our paths crossed."
-Daniel Stidham

"Abby worked with us through the whole process of buying our first home. It was so wonderful to have the negotiations and the mortgage taken care of by one person."
- Robert Proctor.

"As an investor, I look for properties myself. Then I use Abby as my Realtor. I save money every time!"
- Raul Gonzalez .

"Abby, your service was so amazing, I have already told my family and co-workers about it. I can't stop talking baout it. Thank you so so much!"
- Jean Uribe.

"If you are buying a house, you must use Abby. You can't beat the deal he's giving you."
- Roland Armstrong.

"We were trying to buy a house for over a year, but couldn't save enough money. Getting 2% back let us buy our house 4 months ahead of scedule!"
- Cynthia Greer.