Frequently Asked Questions
- When and how do I get the rebate?
The commission rebate is provided as a credit to the buyer at closing, requiring Buyer to bring less cash to the table at closing. When there is a loan, it will be shown under “Amounts Paid By Or in Behalf Of Borrower” on the HUD-1 Settlement Statement.
- How do I see homes?
There are several options, each with implications, so please contact us for a discussion before you start trying to see homes on your own. Ultimately, you can do showings with listing agents or us depending on your preference, status, and situation.
- Is this legal?
Yes. This arrangement is simply a matter of us setting our own
fees for the services provided. In fact, although we believe that
we are the first in Colorado to specialize in this area, it has
been occurring in other states.
In fact, you can click
here to visit the U.S. Department of Justice's affirmation
of the legality and benefits of commission rebates
- What does it cost me as the buyer?
Nothing. Nada. Zip. It really is as simple as it sounds: we pay
you.
- Do I have to get a loan through you, or use any other of
your service providers?
Absolutely not. You are free to find the very best providers for
you. We do not have a stake in any other service providers, and
won't be attempting to steer you any direction.
- Do I need to sign a contract with you?
Yes. While no one likes contracts, they can be important, and
the State of Colorado requires that certain agreements between
us be reached. In addition, there are some unique aspects to this
arrangement that are worth clarifying for both of us.
- Can I use your services to buy a commercial property, raw
land, condos, or a new construction?
Most likely, yes; but call us for details.
- Can I use your services to buy a mobile home?
No.
- Is there a maximum amount of rebate I can receive?
No. The bigger the transaction, the bigger your rebate.
- Is there a minimum size to the deals we'll do?
Yes. We do not provide services to deals listed below $199,999.
- What areas do you service?
We are licensed for the entire State of Colorado, but because
our office is in Boulder, we concentrate on the Denver-Boulder
market. We will do deals outside of the Denver-Boulder market,
but we'd have to discuss those details with you. In fact, we believe
our model is particularly well suited for multiple unit condo
buildings in the mountain resort towns, but again, we'd have to
discuss the situation.
- Can I sell/list my home through you?
No. We focus on what we do best, and encourage consumers to treat
the buying and selling functions separately. That is, you should
find the best buying option for you, and the best selling option
for you if you're selling. They may or may not be with the same
company.
- What am I missing?
This sounds pretty simple, why wouldn't everyone do this? This
is a straightforward concept, but it is not for everyone. We are
targeting informed and self-directed buyers. In addition, real
estate is a highly regulated industry, and buyers in our program
need to be able to understand the parameters that we will identify.
This service is not intended to replace full service realty, but
to supplement it. Some people and situations require the benefits
of full service representation. Further, this service is NOT designed
for people who desire to tour multiple areas with an agent at
their side. In fact, if you think you will require a high number
of showings in general, this service is likely not for you. When
we meet, we'll decide what service is best for you.
- Are we looking for partners?
Yes. We are a small growing business, and would welcome your inquires-particularly
if you are a broker or agent who could help us improve access
to Colorado markets.
For a general overview of the model, see How
It Is Done.
For the specifics about the service arrangement we're offering,
see Details of the Deal.
To get started, email: tommy@slicerealty.com
|
