How The New Construction Real Estate Rebate Process Works 

One of the most important phases of your new construction home process is the negotiations and pricing. Many buyers work directly with the the sales manager and builder for their home and do not know that you can save a TON of money if you hire an agent. The sales manager works for the builder, not the buyer. Having a professional rebate agent at your side throughout the new construction process can benefit you in many ways. 

3 Main Benefits of Hiring a Rebate Agent For Your New Construction Home Process

1. Full service representation throughout the process. Have an expert by your side while you make offers and write contracts. With an experienced agent, you will have the confidence you need to move forward smoothly.
2. Negotiations on upgrades and custom work. You need someone who is on YOUR side and will work with the sales manager and builder to negotiate the customization and upgrades you want in your new home. Save money when working with an agent who can negotiate discounts and deals.
3. 2% rebate on the commission when working with a rebate agency like Glass House (Glass House offers the best rebate in industry). Traditional real estate agents charge 3% commission for working with buyers. With a rebate agent, the money is credited to you at settlement toward your closing cost or in the form of a check after settlement with lender approval.  

The New Construction Home Rebate Process in 4 Steps 

1. Contact Your Agent

Start by contacting the agent of your choice for a brief discussion about your current new construction situation. There is typically no obligation to use that agent but this discussion will kick things off and give you an understanding if that person and this process is right for you. With Glass House you can expect just a casual conversation and some free advice from our lead buyer's agent, Khalil El-Ghoul. 

2. Register Your Agent With Your Chosen Communities

When you fill out registration forms at new communities, make sure to indicate that you intend on working with an agent when you purchase a home. This allows you to visit communities on your own until you find one (or more) that you like. If you have already found a community you may still be able to use a rebate agent like Glass House.

3. Negotiating and Pricing

This is the part of the process where rebate agents, like Glass House, really shine. Once you find a community you like (or have found one already)  your agent will take over negotiations with the builder. Your agent will work directly with you and the builder as well as accompany you when making offers and writing contracts. You will want an agent with experience with every major builder in the area because that means they will have insider knowledge of the negotiating process. 

4. The Commission Rebate

At Glass House, we charge a flat commission of 1% or $5,000, whichever is higher. The remaining commission is rebated back to you, usually 2% of the sales price. The rebate is credited to you at settlement toward your closing cost or in the form of a check after settlement with lender approval. Why would anyone leave this money on the table? 

Ready to speak to Glass House about your new construction home? Let's get started!