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 bought 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.

We also advise you to search for homes on the Port St Lucie Realty website, 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 $5,000 that we receive at closing from the seller or listing broker.

How do I get paid the commission?

The manner in which the commission is paid to you is determined by your lender (if applicable) so it meets their guidelines. There are numerous ways to receive the commission; a credit to you at closing so it pays for your closing costs, reduce the amount of your home loan or a reduction of the purchase price. 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.

Are there any requirements to utilize your services?

We only have a few requirements to utilize our services;

(1) You plan to purchase a home, townhome or condo in Port St Lucie within the next 60 days.

(2) You don't have to sell another property to purchase a home or if you do it is currently under contract.

(3) You must get pre-approved for a home loan through Danny Poulos of the Elite Lending Team at Milestone Mortgage (561) 575-5626. You do not need to utilize Danny Poulos for financing, however we do require you get pre-approved through him as we want to make sure you can obtain a home loan when we find you a home to purchase. If you are a cash buyer this does not apply, however you must show proof of funds available to pay cash.

(4) If you decide to utilize our services a $100 deposit is required which will be refunded to you at closing.

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.