In case you haven’t heard the news, the Justice Department pushes to legalize real estate commission rebates. Why is this good news for home buyers? The biggest reason many people who are in the market to buy a new home are jumping for joy is they now could be in a unique position to walk away from closing with a huge chunk of case for doing nothing more than making a home purchase, said a representative of Premier One a Charleston SC luxury real estate provider. Here is why every home buyer should be paying closer attention.

Why Aren’t Real Estate Commissions Rebates Legal in all states?
The truth of the matter is these real estate rebates should be legal, but the government feels it will create an unfair playing field if some realtors are allowed to give a percentage of their commission to the buyer in exchange for working together. Many home buyers can not understand why some states still will not legalize this practice, it only benefits all players involved. The Justice Department may finally be realizing all the potential benefits and allowing this practice to be legalized nationwide.

Real Estate Rebate Benefits
Everyone benefits when the real estate rebates are legal. One, the home buyer gets a rebate check at closing for $2,500+ when they buy a $300,000 home, that seems like reason enough for the home buyer to be ecstatic. The realtor gives up a portion of their commission but they get more business, which in the long run means they get more commissions and more money. Finally, the homeowner benefits because deals are closing faster as the realtors are trying to move properties faster to make up for the commissions they pay the home buyers. This really is a win-win-win for all parties involved.

Time to Make a Change
Laws are made to be broken, this one should be abolished altogether. There is no benefit to stopping this practice, except for the realtors who are cornering the market and not paying any commission and wanting to keep working less for more cash. Times are changing, and as savvy buyers look for the realtors offering the real estate rebates, many of those greedy real estate agents are starting to see less in the way of business. It really is only a matter of time before all states finally legalize the practice of real estate commissions.

Now you know why the Justice Department pushes to legalize real estate commission rebates, it is just good business for all parties involved. It won’t be long before all states welcome this beneficial practice for all realtors.

The key to getting out on the open sea and creating memories that will last a lifetime is doing the work upfront so that you are getting in the best boat for your unique situation. If you take the time now to carefully go over this essential list for beginning boaters, brought to us by the professional over at Boatmo.com, you will find that each time you hit the high seas is better than the time before.

1. Be sure that you get out and test drive the boat you are going to buy. Don’t take the word of the salesman or previous owner, you have to make absolutely certain you feel right behind the wheel from day one or each day after will be a living nightmare.

2. Make sure that if you are buying a new boat that you speak with the salesman about the warranty. be sure they go over all the details so you know exactly what is and what is not covered when you have an issue with the boat.

3. Consider getting a used boat if you are only shopping new. There are plenty of boat owners trying to sell a boat they bought this year, and you could really score some upgrades, accessories, and even a trailer they bought when they jumped in too fast.

4. Get yourself to a safety training class before your fist time out on the water. A rogue wave or fast moving storm could not only put you off course, it could capsize your vessel and put you and your passengers in grave danger.

5. Take a drive to the local marina and find out if they have room available and what it would cost to rent a space for your boat. Be sure you take into account what the cost would be versus buying a trailer to get your boat home each day instead.

6. Take into account all the added costs associated with owning a new boat. Besides the cost of the boat, you have to figure into the equation the insurance, license, fuel, maintenance, storage, repairs, permits, and all the gear you will need on board.

7. Go to boating school. Just like driving a car, there are rules that need to be followed when driving a boat, and if you are not aware of the signs on the water, you could run aground and tear up the bottom of your boat on the first trip out to see with your family and friends.

Once you complete the checklist, you can grab your keys and start making memories that will last forever.