Getting a rebate on new construction in Florida
From Parrish to Riverview to North Port, a large share of Florida home sales are new construction. Most builders pay a commission to the buyer's agent, which means there is something to rebate.
Register your agent first
Builders typically pay a buyer's agent only if the agent is with you, or registered, on your first visit to the community. Walk in alone and fill out a guest card, and the builder may refuse to pay a commission later. Call your agent before you visit.
How much builders pay
It varies by builder and by community, often a percentage of the base price, sometimes with incentives on top. Your agent finds out before you choose a lot.
How the rebate is credited
As a credit at closing, approved by your lender. Builders often push their preferred lender with incentives; compare the total cost, not just the incentive, before you agree.
What else to check
- CDD fees, common in master-planned communities like Lakewood Ranch, appear on your tax bill.
- HOA fees and what they cover.
- The builder's warranty and the inspection schedule. Hire your own inspector before drywall and before closing.