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)
Ruby Hill Community Information
Ruby Hill is a master planned community located in the pictures wine country of Livermore. Ruby Hill opened in the mid 1990's and has grown to a community of over 800 custom and semi custom homes. There are four individual neighborhoods of semi custom homes that range from 2,600 sq ft to over 4,000 sq ft. Some of the custom homes are over 15,000 sq ft and are truly one of a kind gems.
Homes within Ruby Hills have views of the Jack Nicklaus designed 18-hole Ruby Hill Golf Course. There are a few resale custom lots available. Ruby Hill offers fine golfing, country club living, and an exclusive lifestyle within it's guarded and gated community. Ruby Hill Golf Club is the premiere Jack Nicklaus Signature Design golf course in the east Bay Area. We have developed this website to provide information on Ruby Hill homes for sale.
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 closed comparables - Google Map View & Street View. Our search is iPhone, Android & iPad friendly.
Use our Interactive MLS Map search tool to find Ruby Hill Homes for sale. View all real estate in Ruby Hill, Pleasanton, CA and research the local market conditions. Filter search results for Bank Owned REOs (Foreclosed Houses) or Short Sale, Pre-Foreclosure Homes in Ruby Hill. Use our RealtyTrac link to all Distressed Property in Pleasanton. RubyHill-Homes.com lists all Luxury Property for Sale.
The Real Estate listings on RubyHill-Homes.com are updated throughout the day and features the newest Bay-East MLS Listings. We are Contra Costa Luxury Home experts and have closed over 800 Bay Area homes. My name is Steve Atkinson, an experienced Bay Area Realtor & Broker with over 22 years of real estate experience. Feel free to call with any questions about the current Ruby Hill Estates market.
Buying or selling a home can be a complicated and stressful process, so having an experienced Realtor / Broker on your side is of huge importance. RubyHill-Homes provides an exceptional team of professionals who have your best interests at heart.
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