Port St Lucie Realty

Frequently Asked Questions

What areas does Port St Lucie Realty cover?

Port St Lucie. We believe a local Realtor® is best qualified to assist you.

What types of properties can be purchased utilizing your services?

Residential properties such as homes, townhouses, villas and condominiums.

Will you pick me up and drive me to homes I want to view?

No, we meet you at the home. This enables you to drive around the area before or after viewing a home to get a better feel for the area.

Who selects the homes we view?

You select which homes you want to view. When you agree to utilize our services we will input your criteria for a home into the Multiple Listing Service (MLS) and each time a home comes on the market that matches your criteria you will receive an e-mail with photos, maps and property information.

You should also search for homes on PortStLucieRealty.com, Realtor.com, Zillow, etc. and even drive around neighborhoods that interest you. When you want to view a home simply contact us and we will schedule an appointment to show you the home. * We require 1 day advance notice to schedule showings.

How does the Buyer Credit work?

When you purchase a home utilizing our services you will receive the entire amount of our commission above $3,500 that we receive at closing from the seller or listing broker.

How do I get paid the credit?

The manner in which the credit is paid to you is determined by your lender (if applicable) so it meets their guidelines, but typically the credit will be used to pay for your closing costs and pre-paids, such as homeowners insurance and property taxes. We would love to give you cash back after closing but most lender’s won’t allow it. When you get pre-approved for a home loan ask your lender how the credit can be applied. If you are a cash buyer you will simply bring less cash to closing as the credit will be applied to the balance due.

How much will my home buyer credit be?

The exact amount depends on the purchase price and commission offered by the seller or listing broker. Most commissions are a percentage (typically 2.5% to 3%) of the purchase price. For more information Click Here.

Are there any requirements to utilize your services?

Yes, you must be pre-approved for a home loan through a local lender or show proof of funds to pay cash.

Is it legal for a buyer to get a credit?

Yes, it is in Florida. Even the United State Department of Justice has a web page dedicated to credits/rebates. Rebates Make Buying a Home Less Expensive. You do need to make your lender aware that you are receiving a credit as this could have an effect on your loan terms.

Will I have to pay taxes on the amount of the credit I receive?

You should contact a tax professional, however a ruling from the U.S. Internal Revenue Service stated that real estate brokers do not have to issue Form 1099 to customers that receive commission refunds because such amounts generally are not taxable as income.