The Smart Home Buyer Program is a voluntary benefit you may receive that can save you thousands of dollars in your Closing Costs when buying a home, anywhere in California.

Here's how The Smart Home Buyer Program works.

I have partnered with an expert California Real Estate Broker who has a vast network of Buyer's Agents throughout all metropolitan areas of California. Simply by allowing him to refer you to a Buyer's Agent (A local full-service Realtor), you will receive a significant portion of the Buyers Agent's Commission as a credit to reduce your Closing Costs. This will amount to thousands of dollars.

Here's an example of what it specifically means to you.

Let's say you are wanting to buy a home in California for $500,000. Further, let's assume that the Seller and Listing Agent offer a fairly standard 3.0% Commission to the Buyer's Agent. That would equate to $15,000. So, normally, if you found your own Realtor, in this example he or she would receive $15,000.

Now, let's compare this to your electing to take advantage of The Smart Home Buyer Program.

Under this program, my Broker partner will refer a Full Service, local Realtor to you. Your Realtor will perform all functions that are typically expected. You of course will have every right to interview him or her to make sure you are comfortable working with him.

Here is the benefit to you. Your Buyer's Agent will have already agreed to credit back to you several thousand dollars. The amount may vary somewhat, but is typically 20-25% of their entire Commission.

In the above example, this would equate to about $3,000 to $3,750. This will be a CREDIT to you at the Close of Escrow, so this is real cash savings to you, reducing the amount of cash you have to come out of pocket to purchase your home. Note that all of this is in writing so everyone is on the same page from the outset.

Can the Smart Home Buyer Program work outside of California?

Absolutely.  Call me for details.

This program works well because everyone wins. You, the buyer, benefit most by saving several thousand dollars in Closing Costs. The Seller and Listing Agent benefit as it becomes easier to sell their home because more home buyers can qualify.

The Buyer's Agent is happy because while they are receiving less commission than "normal," nevertheless, they still receive a substantial paycheck and did not have to do any marketing to find you, the buyer.

As the loan officer, I benefit by receiving the normal, regulated loan compensation by providing loan services.

If you have any further questions about The Smart Home Buyer Program, please don't hesitate to call me at 530-205-9145, or e-mail me at

rick.pelleriti@FreedomMortgage.com