CashforClosing™

New Home Purchase Money Program

Unlike Apartment "Equity Programs" that takes years to receive the same benefits, with Metro's  New Home Buyer Program you can receive the full Program Amount in as little as 1 month (short Term Lease qualifies) when you use us or one of our affiliated agents as your Buyer Agent for your New Home purchase. 

Whenever any Metro customer who has leased an Apartment, Duplex, Condo, Town-home or House through our Rental Locator Service buys a "New Home" and lists us as their referral agent that customer qualifies to receive a check or credit at Closing representing 2% of your New Home's purchase price! What this means is that after negotiating your best deal with the builder you will receive 2% of that sales price from us at closing! Based on a $200,000 dollar home this could mean $4,000 dollars in cash back to you at closing. A Rebate of 1% applies to existing home purchases.

If you have not leased an Apartment or Home through our Locator Service standard rebates of 1% to 1.5% depending on whether new or pre-owned home will apply:

PROGRAM RULES AND GUIDELINES

1. You must Lease an Apartment, Duplex, Condo, Townhome or House through our FREE Locator Service and list us as your Referral Source on your Lease Application and contact us with your new lease information. Once our Rental Invoice is paid you will automatically become eligible to receive 2% of your New Home's sales price at Closing through our "New Home Purchase Money Program." There is no charge to register and you may use our Free Customer Searchable New Homes databases and/or ask your agent for listings and assistance .

2. The Apartment or House you lease from must offer a Referral Commission for you to become eligible for a 2% New Home Rebate.

3. You must satisfy the terms of your lease agreement. Short term leases that we place and receive a referral fee for will also qualify for our 2% Rebate Program.

4. This offer is open ended and extends forward in time to all customers who have leased an apartment through one of Metro's full-service locator services and have satisfied numbers 1, 2 and 3 above.

5. This program will not affect any Apartment Specials, Monthly Rent or your Apartment Selection. This program is a benefit to our Apartment Customers.

6. There are no minimum monthly rent payment requirement to become eligible and there are no monthly "equity" accumulation to keep track of.

7. The 2% Rebate program applies only to New Homes and only to builders who pay us the common industry commission on the new home you buy. 1% Applies to any pre-owned home listed in the MLS System and which pays a minimum 3% agent commission.  If Metro does not receive a commission from the builder for any reason, Metro is not obligated to rebate anything. Furthermore, the builder must consent to the details of this program. (Almost all builders will consent to this program!)

8. This program does not apply to "For Sale by Owner" homes unless a 3% sellers commission is offered. Again 1% Rebates apply to "pre-owned" homes.

9. Before you begin your House Hunting Visits, PLEASE REGISTER WITH US and Fill out the NEW HOME SEARCH FORM. Registration is FREE.

10. It is your responsibility to obtain mortgage "Pre-Approval" before you begin your house hunting (Click Here to see what a "Pre-Approval Letter Looks Like); (Click Here if you need to download a FREE COPY of ADOBE ACROBAT). We do not show homes for sale until you have been Pre-Approved. Pre-approval allows you to understand the extent of your borrowing power and how much home you can afford. We can recommend quality Lenders or you can work with Lenders of your choice to obtain "pre-approval."

11. You may be required to sign a "Non-exclusive Buyer Representation Agreement" with Metro Relocation Services whenever you elect to use this program. The rebate is subject to the consent of the person the licensee represents. Under a Buyer Representation agreement you are the PRINCIPAL and YOU make the AUTHORIZATION allowing us to REBATE 2% back to you. If the area you are seeking to purchase a home is outside of our market areas another comparable Real Estate service may be used to fulfill the terms of this agreement. That Real Estate Service may require an "Exclusive Buyer Representation Agreement" in order to offer their services. To understand more about Brokerage Services and how they affect you please CLICK HERE.

12. The funds due to the home buyer under this program represent a "Rebate of Commission" and come from the Agent's commission at closing.

13. Under our 2% REBATE PROGRAM our services to you are limited to referral services only. This means Metro provides the time saving means that enables you to SEARCH for EXISTING or NEW HOMES from your own computer. It is through your use of this online Referral technology where you search and visit new area homes for sale that we are  able to pass this huge Rebate Benefit onto you.

14. To receive your 2% Rebate it is your responsibility when you visit a NEW HOME BUILDER to list us as your Real Estate Agent on your first visit and all subsequent paperwork. Some builder may require our representative to be present at the first visit so it is important to let us know where you plan to visit when you go looking and if you stop by a community that requires our presence to let us know as soon as possible.  We will fill out any necessary paperwork required by the Builder and ask you to choose how you want the 2% paid to you. IF THE BUILDER REQUIRES US TO BE PRESENT WITH YOU - DO NOT SIGN ANY PAPERWORK AND CALL US AT 972-671-5665 or toll free 888-904-RENT AND WE WILL MEET YOU AT THE BUILDER.

15. Our Program can not be used in combination with any other equity program that requires you to list another Broker to obtain their program benefits. If we are not listed as YOUR Sole Real Estate Agent no program benefits will be paid.

16. This "Home Purchase Money Program" is subject to any limitations or restrictions imposed by the Texas Real Estate Commission (TREC). Program terms and conditions may be changed from time to time. However there is no expiration of this exceptional offer for Metro lease customers except for the continued business operation of Metro itself.

RESTRICTIONS AND LIMITATIONS

A very limited number of new home builders may not agree with this program. This is the reason why our Buyer Representation Agreement is a non- binding, non- exclusive agency relationship. We at Metro Apartment Locators/Metro Relocation Services are unlike many services out there who want to bind you under specific performance agreements. If you decide not to use the program you are free to obtain the services of other Real Estate Professionals.

INFORMATION ABOUT BROKERAGE SERVICES

The Texas Association of Realtors® provides the following information for you:

Real estate brokers and salesmen are required by law to make properties available without regard to race, color, religion, national origin, sex, disability or familial status.

Prior to entering into a contract, a buyer may find it useful to pre-qualify for a mortgage loan. Loan programs, fees, interest rates and requirements vary among lenders.

Brokerage fees are negotiable and are not fixed or controlled.

In many transactions, including most residential sales, a seller will deliver a Seller's Disclosure Notice to a buyer on or before the effective date of a contract to purchase the property The notice provides important information about the seller's knowledge of the property condition.

Buyers, sellers, landlords, or tenants are encouraged to have a property inspected by licensed inspectors or lawfully authorized persons to determine- (a) the condition of the property; (structural, mechanical, and electrical items); (b) any environmental conditions; (c) feasibility of use; (3) compliance with laws or regulations; (e) presence of termites or wood-destroying insects; and (f) any other matters. Brokers are not qualified to perform such inspections.

Residential service contracts are available to buyers and sellers of residential property. In a residential service contract, a residential service company agrees to, subject to the terms of the contract, repair the appliances, electrical, plumbing, heating, cooling or other systems in the property.

Buyers are advised to obtain a policy of title insurance or have an abstract of title reviewed by an attorney of buyer's choice before purchasing a property.

Buyers, sellers, landlords, or tenants are advised to seek the advice of an attorney of their own selection before entering into a binding agreement.
 

Please read this information carefully and print out for your records. Information below is contained on the Texas Real Estate form that is available by following this link:

http://www.trec.state.tx.us/pdf/contracts/op-k.pdf

PLEASE READ ALL THE INFORMATION BELOW AND LET US KNOW IF YOU HAVE ANY QUESTIONS

You will need to have Adobe Acrobat on your computer in order to open and print out this agency disclosure statement. If you need a Free Copy of Adobe Acrobat click here

Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:
The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written listing agreement or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:
The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer, to know because a buyer's agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:
A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:
(1) shall treat all parties honestly;
(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;
(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and
(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.