BUYER QUALIFICATIONS FOR THE CREDIT 

1. Buyer to be pre-approved for financing
2. Buyer to show proof that they have the necessary funds for down payment and closing costs.
3. This program is for first time buyers or buyers that do not currently have their property listed with this brokerage.

The Buyer Credit program offers qualified buyers a credit for any use that they desire. It can be used for closing costs, an addition to a down payment, upgrades, or they can just put it in their pocket. The credit will be paid through escrow. The buyer and BG Barnes Real estate will execute a contract that will be delivered to escrow upon the execution of a purchase contract between the buyer and the seller.

Because of the business model this brokerage has developed, I am in a position to offer buyers that I represent up to a 1% cash back. What that means is more money in your pocket, not the agents. This is how it works. The program applies to properties with a sales price of over $200,000. BG Barnes Real Estate returns to buyers through escrow an amount up to 1% of the purchase price. If BG Barnes Real estate receives a 3% commission from the listing agent, then the buyer receives 1%. If BG Barnes receives a 2.5% from the listing agent, then the buyer receives ½% of the purchase price. If BG Barnes Real Estate receives 2.25% from the listing agent, then the buyer receives ¼% of the purchase price. If BG Barnes Real Estate receive 2% or less from the listing agent, then this programs does not apply.

As an example if the buyer purchases a home for $500,000 and the listing agent offers BG Barnes a commission of 3%, then the buyer receives $5,000 from BG Barnes Real Estate.