Thursday, October 05, 2006

House Hunting? Here's a Great Deal for You - Since the real estate market has cooled in some markets, developers and home sellers have been offering huge incentives, such as a free pool or luxury car, to move properties. Mercedes-Benz, anyone?

I've noticed that in our area agents are offering the usual incentive like a cash bonus to the selling agent anywhere from $500 to $2000. Home warranties are excellent to include too. Plus having the title search already prepared and ready for closing; and even a home inspection with a list of any repairs that have been made is good. But incentives are getting more popular and more interesting. Cars for one are a novelty. The seller paying closing costs and even paying the first years homeowners insurance. Wow! But how about the seller paying discount points on the buyers' mortgage loan to "buy down" the rate? So talk to your local lender and discuss how they can create some incentives to entice a buyer. It might not be as costly as you think and might just clinch the deal sooner and quicker.

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