• A year of landscaping, pool cleaning, or maid service
The decision-making process is relatively simple if you consider what items you are willing to part with. Also, consider how often you use movable items and the cost of replacement. You can offer many other kinds of incentives. A buyer may request an incentive in the transaction. It’s all part of the negotiation. The more buyers you appeal to in terms of financing, the greater your chances of selling faster. Be flexible, consider paying some of the buyer's closing costs, providing a decorator’s allowance or other irresistible buyer incentives.
Buyer requests or seller incentives may include:
• Reduction of the asking price • Seller-paid points • Help with the down payment • Help with closing costs • Offering to close in a short time • Offering or transferring a home warranty • Prepaid property taxes for one year
• Offering a mortgage interest rate buy-down which is trading money or points for a lower mortgage rate. Some mortgage lenders offer brokers discount or buy-down points as a promotion. These points can then be used to reduce the interest rate on certain mortgage terms. The list is extensive if you get creative, so discuss each of these with your listing agent before agreeing with a buyer.
NOTE: There are lender limits on buyer credits - and they MUST
98
Powered by FlippingBook