Welcome to Homly New Home Rebate! We are here to help you get up to 100% of the sales commission as cash back rebate on your new home.
#2 – Next, print your “Client Registration” form
This form will be presented to each new home builder that you visit. This ensures the proper paperwork is in place so you will qualify for your cash rebate that you can use any way you like. There are no restrictions.
#3 – Search for a New Home Builder
- Scroll to the search tool on top to search for your dream home throughout all of California.
#4 – Meet with new home builders and provide your “Client Registration” form, then pick out your new dream home!
DON’T FORGET: Bring the “Client Registration” form to every new home builders first visit, even if you may not buy from them. This is an important step in earning the new home rebate!
#5 – Once you’ve picked out a new home builder:
Contact us via phone, email or chat, to go over any questions before signing your contract. We are here for every step of this process to ensure all of the paperwork is in place and to go over the new home contract. Congratulations! You’re almost there!
#6 – At closing, get your CASH BACK!
Use this money towards closing costs, lot premiums, moving costs, new furniture, pay down debt or however you’d like! There are no restrictions, it's your cash.
Frequently Asked Questions
1. What is a New Home Rebate?
If you are planning to buy or build a new home anywhere in California, there is some great news. Just find ANY participating California Home Builders and you can earn a New Home Rebate, to you, no less than 50% and up to 100% of the sales commission. Usually around 2.5% of the purchase price.
Almost all New Home Builders in California will work with a real estate agent. Builders calculate their commissions into their sales prices of the home. If you don’t hire a Realtor, such as Homly.co, the builder can not give you a rebate or reduce the home price as you are not licensed agent in California. So, basically you are leaving money on the table. Don’t be fooled some builder say their incentive counts like my rebate, but in most cases that is not true. Their incentives without an agent are usually less than half of what we can rebate you.
Buying a new home can be an awesome, but sometimes scary experience. The nice thing about purchasing a new home is knowing that the home was built to the current city codes and the energy efficiency of the home will be a lot better than a resale home.
2. When Should I Start Looking for my New Homes Purchase in California?
On your very first visit to the new home builder please list Homly.co, as your broker, on the builders registration card that the sales counselor will provide. Again be sure to do this with each builder to ensure you will get your rebate from us.
3. How Do I Quality For a New Home Rebate?
To qualify for your new home rebate, you must sign a buyer representation agreement with Homly.co before your first trip to any home builder in California. Please take the form, I’ve provided to you, to each and every builder you visit. Make a few copies to be sure you have one on hand. Then when you meet the builders sales counselor you can hand them the form so they know you are working with a licensed Real Estate Broker. This will ensure you will get a rebate on or after the closing of your new home.
4. I am Ready to Write an Offer with the New Home Builder, Now What?
You will want to make sure that Homly.co is listed as the Buyer’s broker or called selling broker on the builders contract. You will also want to be sure that everything you have talked about with the builder will be entered into the contract.
5. Does it cost anything for me to participate in this program?
We do not charge you anything for this benefit! With that being said, you should discuss any possible tax obligations with a tax professional. Homly.co is not responsible for the reporting or payment of any federal or state taxes in relation to your rebate.
6.Is this program only for new construction homes?
Yes, either homes already built by the builder or if you build on a new home site. But don't worry, we do have home buyer rebates similar for pre existing homes, chat with us to find out available rebates. buy.homly.co/contact
7. Does your rebate program cover all of California?
Yes, we cover the entire state of California.
8. How can i use the new home rebate?
The fastest way to use the rebate is to have the funds credited towards your closing costs. This will be dependent on your lender’s requirements.
Another way is to use the money towards a price reduction and this will have to be approved by the builder at the time of contract.
You may also try and use the money towards additional upgrades for your new home and again you will have to ask the builder, but really it is your cash as long as you follow lender guidelines you can use it however you like. Maybe even a vacation.
9. What is the catch? Are there any restrictions to this offer?
There is no catch! There are some rules though. This offer is only good if you are not currently working with another real estate agent and there is not a written buyer’s agreement already signed.
You must register with an on-site sales counselor and just list “Homly.co” on the Guest Registration Card as your Real Estate Broker. This offer may be could be VOIDED if you have visited the new home builder with our registering Homly.co with the on-site sales counselor. Most builders want to work with Brokers so they can make an exception. It is always good to ask.
The purchase contract for your new home (or any addenda) must have “Homly.co” on it as the Buyer’s Broker; The new home rebate has to be approved by your lender. You don’t need to tell the builder about the rebate until all negotiations are done. We are here to help answer all of your questions, just give us a call at 855-335-2550 or chat with us anytime. Homly.co/contact