In an effort to get and keep the momentum of homes sales going even after the $8000 tax credit ended last Friday, Coldwell Banker Residential Real Estate Brokerages are offering a ?Buyer Bonus? up to $8000 to be credited to the buyer at closing.
It is open to all homebuyers, with no income qualifications and no property eligibility requirements. The Buyer Bonus started on May 1 and ends on July 31, however, there is no deadline on when you must close on your property.
Not every property listed by Coldwell Banker will be part of the program as sellers will be paying the 3% back, up to $8000, and they must agree to participate in the extra costs in addition to the normal commission that they have already agreed to pay.
However, in the current market, it is typically the home sellers who are at a disadvantage so it may be well worth it if it gets a qualified buyer interested enough to make the offer and close the deal on the sale.
The program is available nationwide.