How do I receive 25% cash back when I purchase a home?
It's simple. Just call Reilly Realtors at 512-600-1800 or click "Request a Showing" online and we’ll connect you with one of our expert local agents who can tour homes with you today and work with you through the entire home buying process. After closing on your home, you'll receive 25% of the agent's commission.
Will I get full service from Reilly Realtors even with the 25% rebate?
Yes! Reilly Realtors is staffed with expert local agents who will gladly perform the following services:
- Accompany you on guided tours of your favorite properties.
- Educate you on the Austin area real estate market.
- Negotiate the best price and terms when you contract on a home.
- Schedule a detailed multi-point inspection with a state licensed inspector.
- Coordinate the closing process with your lender, insurance agent and the title company.
How is the 25% cash back amount calculated?
Although there is no set rate, over 97% of the homes for sale in Austin offer a buyer agent commission equal to 3% of the sales price. When you purchase a home with an expert local agent from Reilly Realtors as your buyer's agent, you'll receive 25% of that commission. Use the calculator above to estimate your 25% cash back now.
What are my options for receiving the 25% cash back?
- Receive a check within 10 days of closing and funding on your home.
- Apply the cash back at closing to reduce your closing costs.
- Buy down the rate on your loan to lower your monthly payment.
Why does Reilly Realtors offer a 25% cash back program?
Our website, AustinHomeListings.com, is one of Austin’s most popular destinations for Austin area home buyers. By offering a financial incentive, savvy buyers are more inclined to hire our company for their next home purchase. As a result, our Realtors close more transactions, make more commissions and have more experience than most Realtors. Best of all, our agents can spend more time focusing on customer service and less time prospecting for their next client.
Do I have to hire Reilly Realtors to receive the 25% cash back?
Yes. The rules of Texas Real Estate Commission (see Sec 535.147c) state that a licensee may share a portion of their commission with a party they represent in a real estate transaction. Prior to touring homes, your Reilly Realtor will ask you to enter into an Exclusive Buyer’s Agency agreement that will establish the mutual obligations of both parties including the promise of the 25% commission rebate. This agreement ensures the real estate agent is working for you and will try to get you the best price and terms on your next home. To learn more about the role a real estate agent, we encourage you to read TREC’s Information about Brokerage Services.
Are there any exceptions to the cash back program?
- Your lender may have certain restrictions that could limit your options for receiving the cash back or disallow it altogether. In the event a buyer’s lender prohibits payment of a rebate, the agent is not obligated to make any rebate payment.
- If the agent is directed by you to pay a relocation company any portion of the commission, we are not obligated to make any rebate payment.
- The cash back program is not available for properties where the sales price is less than $100,000 or any contracts entered into prior to January 1, 2010.
Reilly Realtors | The Experts in Austin Real Estate
When you're ready to buy or sell a home in the Austin Texas area, give yourself the expert advantage with Reilly Realtors. Our experienced local Austin Realtors will work hard to get you a great deal. When you purchase your next home with Reilly Realtors, we'll even share 25% of our commission with you. Call today!
