When buying property in Orlando, Florida, you don’t want to miss the opportunity to receive a new home rebate. This is cash back that is offered by realtors when you use their assistance in building a new home. Learn which properties qualify here…
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If you’re planning to build a new home in Orlando, Florida, don’t miss out on a unique benefit called the “new home rebate.” Florida buyers rebates are often left in the pockets of homebuilders because the buyers don’t understand how they work or know that the rebates even exist. Obtaining a new home rebate is so easy that you can do it with minimal effort and get thousands of dollars cash back for your new home purchase. But first, you must understand what types of properties come with this offer.
Florida New Homes
New home constructions in Florida, such as in Orlando, qualify for the new home rebate. This means you choose the blueprints for your home and a contracted builder builds the home from the ground up. To take advantage of this rebate, you must go through a real estate agency as your referring Realtor. You’ll contact a Realtor that offers the new home rebate before contacting a builder, and the Realtor will refer you to the builder. The Realtor receives a referral commission from the builder, and then you receive a portion of those commissions. Just make sure the Realtor does actually offer the rebate before getting started.
Having a referring Realtor can help you in two ways. First, you’ll receive your rebate (an amount ranging from $2,000 to $30,000). Second, you’ll receive assistance from the Realtor, someone experienced in realty, to guide you through the home building process. There are many details you could miss if you’re new to the whole thing!
Included in new home construction properties could be new homes in golf course communities, vacant land, home sites or lots, resort properties, luxury homes, and waterfront homes in Florida.
Preconstruction means you pay for the condo, town home, or single-family home fully or partially before they are actually built. This benefits you as the buyer and the builder. The builder is able to secure financial stability throughout the project because he has money up front to work with. You are able to secure your home or apartment up front and sometimes even enjoy tremendous savings by paying in advance. These types of properties also qualify for the new home rebate.
Florida Income Properties
If you’re planning to invest in properties for income purposes in Orlando or other cities in Florida, you can build new income properties and qualify for the Florida buyers rebate. This gives you a steady cash flow while preparing the homes or condos for renters to move in. Also, you can use your new home rebate to invest in your next building project. It’s your choice.
Other properties that qualify for the new home rebate include new second vacation homes, new retirement homes, and new executive homes.
Keep in mind that the new home rebate does not affect other buyer incentives, discounts, specials, upgrade packages, or competitive financing offers that the new homebuilder might offer. So, you can enjoy your new home rebate without making any trade-offs.