Boston Condos for Sale and Rentals
Frequently Asked Questions & Answers
Q: What areas does Ford Realty Inc serve?
A: Back Bay Condos, Beacon Hill Condos, Charlestown Condos, Charles River Park, Downtown, Fenway, Midtown condos, Seaport Condos, South Boston Condos, South End, High Rise Condos, Boston Suburb Homes
Q: How exactly are the 60% cash back calculated?
A: The 60% is calculated from the Ford Realty’s commission.
- Example: You buy a $500,000 home, and the seller or contract specifies a 3% buyer’s agent commission to Ford Realty ($15,000).
- Under a 60% rebate model, Ford Realty gives you $9,000 (60% of $15,000) and keeps $6,000.
Q: Is getting cash back legal in my state?
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A: Commission rebates are completely legal in Massachusetts.
Q: How do I receive the money?
A: You receive the money once the commission check is cleared.
Q: Can I use the cash back toward my down payment?
A: No. Under standard underwriting rules, mortgage lenders will not allow a commission rebate to cover your minimum required down payment.
Q: Will I have to pay income tax on this cash back?
A: No. The IRS explicitly treats real estate commission rebates as a reduction in the home’s purchase price, not as taxable income (IRS Private Letter Ruling 202047002). You should not receive a 1099 form for a properly executed rebate. Note: It does reduce your home’s cost basis, which could slightly increase your capital gains calculations years later when you sell.
Q: Do I get less service from a 60% rebate agent?
A: No. Ford Realty Inc., uses highly efficient tech and AI automations to cut overhead, allowing us to provide full-service representation while maintaining high rebate thresholds. We have closed our physical offices to cut back on our overhead to save you money.
Q: What are the strict rules for ensuring I actually get the rebate?
A: To successfully lock in your cash back, you hold follow two critical rules:
- Put it in writing early: The rebate language must be written into your initial buyer representation agreement and explicitly stated on your original offer to purchase.
- You should also notify your lawyer and put the commission rebate in the Purchase and Sale Agreement.
- Put it in writing early: The rebate language must be written into your initial buyer representation agreement and explicitly stated on your original offer to purchase.
Q: Does Ford Realty Inc have satisfied past clients?
A: Yes, we have numerous happy past clients, and you can read there 5 Star Google Reviews.
