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Colorado Springs Home Buyer Rebate Program Frequently Asked Questions
How do I receive my buyer's rebate?
You receive your rebate at closing. You may choose to have the money applied as a credit towards your closing costs, pre-paid expenses, or VA non-allowables, and this will be shown on the HUD-1 documents. Or, you may choose to receive the rebate in cash.
Is the rebate taxable income?
No, the rebate reduces your taxable basis (cost). The rebate is not income. It's the same as a rebate when you buy a car.
Is it legal for me to receive my Military Appreciation Home Buyer Rebate?
Absolutely Yes! Don't be surprised if some real estate agents lie to you about this -- they don't want to save thousands of dollars. So here's proof --The United States Department of Justice Antitrust Division encourages consumers to save thousands of dollars this way! Click here for more information
Do I have to use a certain lender in order to qualify?
Of course not! Please use the lender of your choice. And I encourage you to shop and compare programs and rates. Get several Good Faith Estimates -- in writing!
Columbia Properties is a top real estate firm specializing in homes and real estate in Colorado Springs, Colorado. With over 20 years of experience in the home and real estate business we are experts in Colorado Springs and can help you buy or sell the home of your dreams! We have a unique HOME BUYER REBATE program where you get CASH BACK. Besides all the major areas of Colorado Springs we are experts in Military Homes and Military relocation around Colorado Springs including: Fort Carson, Schriever, and the Peterson Air Force Base.
We invite you to contact us and see how we can help you today!
© Copyright 2014, Columbia Properties Residential Brokerage LLC. Licensed by the Colorado Department of Regulatory Agencies Division of Real Estate. Home prices and listing data based on information from the Pikes Peak REALTOR® Services Corp. (RSC). RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market. Sales data based on information from the (Colorado Springs) El Paso County Assessor's office and sales figures do not show seller concessions if any.
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