Multiple Transaction Rebate
Enjoy a spectacular rebate check usually totaling in the thousands of dollars with our multiple transaction rebate. The program is straightforward and easy to calculate. When you list and sell 1 property with New England Contract Realty and contract with any form of buyer's agency to purchase your next property, the foundation for the rebate is set.
Both transactions must close within a certain period of time. To receive the maximum rebate the 2nd (purchase) transaction must close within 90 days of the 1st (sale) transaction. A lesser rebate is still available if the 2nd (purchase) transaction closes within 180 days.
The rebate schedule is based on the 1st closed transaction sold price. A 1% rebate check is issued when the 2nd purchase transaction closes within 90 days of 1st. A .5% rebate check is issued when the 2nd purchase transaction closes within 180 days of 1st.
An example of the program might look like this: You sell your house for $500,000.00 and close your new home purchase within 90 days. You receive a rebate check for $5,000.00. If your new purchase did not close within 90 days, but does close within 180 days, the rebate check would be $2,500.00.
If a purchase transaction can not be completed within the time period allotted the rebate expires.
Clear references are made part of any listing or buyer's contract for this or any other program.
