General FAQs

What is My Home Gives?

My Home Gives is the new way to buy or sell a home. My Home Gives streamlines the entire real estate transaction for buyers and sellers. The bottom line, you get to keep more of your money using the My Home Gives model, and pay a fraction of the cost. Instead of the typical 6% commission fees charged by traditional real estate agents, My Home Gives saves you up to $10,000 on your real estate transaction costs.

How much does My Home Gives cost?

My Home Gives is completely free to both buyers and sellers.

Who gets the tax benefit of the Charitable Donation?

Because all commissions are paid by the seller the donation is ultimately made by the seller.  It is paid out of the commission and fee reduction of the My Home Gives team and is often a perk to the seller to be able to get a tax credit by donating money they would have paid to a Buyers agent commission.

How does it work If both buyer and seller are My Home Gives members?

Member to member transactions result in a little bit smaller Refund per member but the overall donation made will be higher when both sides are combined.  A member to member transaction is usually a smooth transaction because both parties understand the process.

What is the easy Exit Guarantee?

Our promise to you is that we promise to follow through on every promise that we make to you.  The easy exit guarantee is the promise to you that if for some reason you are not satisfied you can exit your contract.  All we ask is that you give us two weeks to rectify the problem.

How much does My Home Gives cost?

My Home Gives is completely free to both buyers and sellers.  

Buyer FAQs

How is Buying a home different than using a typical buyers agent?

My Home Gives has automated and streamlined much of the home buying process without removing the Agent. As a result, our costs are lower and we’re able to refund our buyers up to $10,000 at closing.  There is also a sizable donation made to be used to strengthen any offers made (some limitations apply).

Who gets the tax benefit of the Charitable Donation?

Because all commissions are paid by the seller the donation is ultimately made by the seller.  It is paid out of the commission and fee reduction of the My Home Gives team and is often a perk to the seller to be able to get a tax credit by donating money they would have paid to a Buyers agent commission.

How does the My Home Gives Buyers refund work?

If a non-My Home Gives seller has listed their home on the MLS, they’ve agreed to pay a buyer agent commission (BAC), usually around 3% of the price of the home. My Home Gives collects those funds for a My Home Gives buyer and refunds up to $10,000 back to the buyer for closing and lending costs. To qualify for the refund, buyers must have signed a Buyer Broker Agreement (BBA) with a My Home Gives Agent and get pre-qualified with a My Home Gives Preferred lender. Some brokerage fees and lender restrictions may apply.

How do I qualify for the My Home Gives Buyer refund?

  1. Sign the My Home Gives Buyer Broker Agreement (BBA)
  2. Get prequalified for a loan at MyHomeGives.com/loans

Refunds come from any paid buyer’s agent commissions. Check with a My Home Gives agent to inquire as to how much of a refund you could qualify for.

What if the listing has no buyer commission?

Often when asked, most sellers will offer to pay agent commissions when a My Home Gives Buyer makes an offer.  Otherwise, If the listing has no Buyer Agent Commission, the My Home Gives buyer services will still be offered, but you will not receive a full refund since no commission will be collected.

Tell me more about the My Home Gives Buyer Refund, Like how much really could I save?

The exact amount My Home Gives can refund buyers depends on the commission specified in the MLS listing. For instance, on a $300,000 home, if the seller agreed to pay 3% commission, then the maximum My Home Gives could refund a My Home Gives buyer would b $2,250. 

I want to buy a home using the My Home Gives program, How do I get started?

Sign up to be a My Home Gives buyer HERE.

How can I use the My Home Gives refund?

Any allowable buyer refund can only be applied to closing costs. It is applied to the settlement statement at the time of closing. The refund cannot be deducted from the sales price or given out as cash at closing.  This is mortgage fraud!

After I qualify, do I have to use the my Home Gives lending partner for my loan?

No, the only requirement for receiving your My Home Gives Refund is that you prequalify with a My Home Gives lending partner. We know how competitive our Partners’ rates are and they can almost always get our buyers the best deal. If, however, you choose to get your loan elsewhere, you can still qualify for the My Home Gives Buyer Refund, however your overall refund may be less as you will not be capitalizing on all of the discounts.

What if I am already pre-qualified with another lender, do I still need to qualify with the Preferred Lender?**

Yes, to receive a My Home Gives Buyer Refund you need to pre-qualify with a My Home Gives Lending Partner. Start the simple, quick process here.

Do we still get a full service agent even though we are saving so much?

Yes! Most companies that offer this kind of discount or a flat fee strip away the assistance of a professional agent.  My Home Gives members will not only get the full service of a professional to walk you through the process, handle contracts, negotiate on your behalf, and give insight but because they are a part of My Home Gives you are getting someone who has been vetted to be one of the best.

Seller FAQs

How does the My Home Gives Seller rebate work?

My Home Gives program will generate a total of around 1.25% of the purchase price as the total refund.  A portion of those funds will go to a designated local charity and the remaining amount is discounted from the Listing agents commission.

Tell me more about the My Home Gives seller rebate, Like how much really could I save?

The exact amount My Home Gives can refund buyers depends on the commission specified in the MLS listing. For instance, on a $400,000 home, The total refund would be $5,000 with $1,750 going to the local charity and a tax benefit, and the remaining amount going toward a discount on the listing agent commission of $3,250.

I want to sell my home using My Home Gives, How do I get started?

Sign up to be a My Home Gives buyer here.

How can I use my the My Home Gives seller rebate?

The seller rebate will be given in the form of a discount to the seller and the donation will be invoiced and paid out of escrow at closing.

Do we still get a full service agent even though we are saving so much?

Yes! Most companies that offer this kind of discount or a flat fee strip away the assistance of a professional agent.  My Home Gives members will not only get the full service of a professional to walk you through the process, handle contracts, negotiate on your behalf, and give insight but because they are a part of My Home Gives They get someone who has been vetted to be one of the best.  Members that sell with the My Home Gives will get the added benefit of the my Home Gives network and network marketing in addition to cutting edge marketing and advertising package done for all My Home Gives program members.

Will the My Home Gives team hold an open house for my listing?

Yes, Open houses are a really good idea.  In fact our open houses are designed to attract buyers that want the special discounts that buyers can get only through a My Home Gives home.  We use targeting techniques to ensure that qualified buyers are being targeting to attend your open house.  We also have our lending partners available for buyers to get pre approved on the spot.

Will there be a marketing budget for my home?

Yes, in addition to all of the top level marketing and viral marketing campaigns we do for My Home Gives sellers, we will also put together a targeted marketing campaign.  We make sure to syndicate your listing to all of the real estate sites along with social media, SEO, and other industry standard marketing practices.  You will work closely with your agent to ensure a successful outcome.

Should I have my buyers get pre approved through a My Home Gives Lender?

There’s nothing more frustrating for both buyers and sellers then when a transaction doesn’t go through. Be sure you’re spending your time and energy with qualified buyers by asking them to get prequalified with a My Home Gives Lending Partner prior to touring your home. That way you don’t spend an hour cleaning and straightening up for a buyer who can’t afford to buy your home.