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Contributor
WatchHouse
Posts: 23
Registered: ‎12-04-2010
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Rebate for cash buyer

How does cash buyer get the commission rabate from agents in Seattle?  Does Redfin do it differently from other agents?  Thanks.

Gold Regular Contributor
Matt
Posts: 2,196
Registered: ‎07-02-2007
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Re: Rebate for cash buyer

Hi HmSearcher,. you can apply it towards your closing costs or we'll write you a check.

 

Matt Goyer
VP of Marketing Operations | matt.goyer@redfin.com | 206-859-2843
Twitter | My Seattle Condo Blog
Contributor
WatchHouse
Posts: 23
Registered: ‎12-04-2010
0

Re: Rebate for cash buyer

Hi Matt, Thanks for your response.  Do I need to pay federal income tax for the home buyer commission rebate?

Gold Regular Contributor
Matt
Posts: 2,196
Registered: ‎07-02-2007
0

Re: Rebate for cash buyer

Redfin does not report it as taxable income. You can read more here

Matt Goyer
VP of Marketing Operations | matt.goyer@redfin.com | 206-859-2843
Twitter | My Seattle Condo Blog