I’ve been hearing a lot of talk about “closing gifts” lately. Some agents in Colorado and elsewhere will do something nice for their home buying customers as a sign of appreciation and/or as a celebration upon closing. These are some of the things I have heard of:
- bottle of nice wine
- big screen TV
- artist sketch of home
- candles
- personalized stamps or key-chains
- and even a shoe cover dispenser!
Wouldn’t you just like cash better? I’ll give you cash back as a sign of appreciation for the research you will do in during your home search…and you can decide to do with the extra cash that you will have. Because if you receive a buyer rebate (sometimes called a commission rebate), you will be bringing a lot less cash to closing. Typically, this cash will be in a form of a credit that will offset or reduce your closing costs!