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Existing Home Program
The Magellan Team also offers Rental RewardsŪ for clients who wish to purchase an existing/resale home. We will assist you through every step of the mortgage and home buying process, and answer any questions you may have. You can even search the MLS (Multiple Listing Service) right from our web site!
As a registered Rental RewardsŪ participant, you will earn a credit of 20% of your monthly rent towards the purchase of an existing home. The maximum amount you will earn is based upon the amount of commission being paid (by the seller) on your purchase price. For example:
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If the commission paid is at least:
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The Rental Rewards credit will be:
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| 3.0% of the sales price |
1.0% of the sales price |
| 2.5% of the sales price |
.75% of the sales price |
| 2.0% of the sales price |
.50% of the sales price |
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Some advantages of purchasing an existing home are:
Established neighborhoods
Many homes and locations to choose from
Immediate occupancy
Regardless of whether you choose to purchase an existing home or a new home, The Magellan Team and our exclusive Rental RewardsŪ program will help you realize your goal of home ownership sooner. Our mission is to make you a client for life, by providing an unparalleled level of service and professionalism. Get started today. Registering is easy and takes just a minute!
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