Burlingame MLS Search using Interactive MAP – Receive Email Updates
SAVE THOUSANDS OF DOLLARS WHEN YOU BUY WITH ME
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)
Burlingame Real Estate Information
The Burlingame real estate market is upscale and diverse, boasting a number of large estates closer to the Hillsborough borders. Homes with luxurious amenities dominate the city's many attractive neighborhoods and picturesque tree lined streets.
Condominiums and Townhomes throughout Burlingame start below $500,000 and some Penthouse condos in prime downtown locations can approach $2,000,000. Single-family three and four bedroom detached homes range in price from $600,000 to the low $1,000,000 range. Larger estate-style homes in the Burlingame Hills with dramatic views of the San Francisco Bay start from $2,000,000.
Our Burlingame MAP Search is the easiest & best way to view, research, compare and save favorites. Research Burlingame School Statistics check out recent closed comparable sales. Research Local Markets, Neighborhoods and Real Estate trends on Burlingame-Homes.com
Sign up to receive email alerts of 'New Burlingame Listings' the day they hit the market. I believe experience is of paramount importance in a real estate transaction. My 23 years of real estate sales can help you negotiate an aggressive price on your Burlingame home purchase. I Rebate my Clients 50% of my Real Estate Commission - TAX FREE
Burlingame Community Information
Burlingame is located on the San Francisco Peninsula and has a significant shoreline on San Francisco Bay. The city is named after diplomat Anson Burlingame. It is renowned for many surviving examples of Victorian architecture and its high residential quality of life. Burlingame was settled by wealthy San Franciscans looking for a better climate for their second homes.
Sunny and mild year round, the city of Burlingame on the San Francisco Peninsula is blessed with natural beauty and an impeccable quality of life. Almost 30,000 people make their homes in Burlingame with its family oriented lifestyle and old world charm of downtown.
Burlingame offers attractive and safe streets, mature parks and open spaces and terrific diversity of homes and real estate. Burlingame residents also enjoy unmatched outdoor recreation opportunities. Exquisite dining, world-class entertainment and exciting tourist attractions of San Francisco make living in Burlingame close to paradise.
Want more Information? Like to view a home? Interested in Selling? (415) 613-8940 Steve@Houses.com
I BEAT Redfin's Buyer CASH Rebate. I have closed 800+ Bay Area Homes. I believe that Experience Counts!