hen trying to sell your seller needs to consider all
home, there are certain factors when offering incentives.
incentives that can Both the selling price and the
attract buyers. However, these incentives need to be considered
incentives don’t often include to determine if it is worth it to
things such as large screen the seller to offer the
televisions or expensive cars in incentives.
the driveway. Often homebuyers
will assume that these gimmicks Price reductions are usually the
have been included in the price first incentive that is
of the home and they could considered. This is due to the
actually turn buyers off of your fact that the price will attract
property. Instead, more practical everybody. If a buyer is
incentives such as the actual considering the house but is
cost of the home and the amount hesitant on making a commitment,
of their monthly payments are dropping the price by even five
likely to be much more or ten thousand could make all
attractive. the difference.
Incentives can be stated at the Another big incentive the seller
very beginning of the home can offer to is to pay mortgage
selling process to make it stand points for the buyer. Buyers are
out from the rest of the houses always thinking about interest
on the market or they can be rates and one point is equal to
added several months after the one percent of the mortgage in
property has been listed to help prepaid interest. Having a lower
it sell. The incentives could interest rate or lower monthly
also be brought up during payment will also be something
negotiations to help encourage that everyone can relate to and
the buyer to buy the home. A can draw in all different kinds
of buyers. A very interesting incentive that
is sometimes offered is a
Another key factor that buyers warranty. The seller will often
are always considering is the offer a warranty on the home’s
size of the down payment they systems such as plumbing and
will need to be making. In fact, electrical for the first year
it’s one of the aspects of after the house is sold. This
homeownership that most first provides a much needed feeling of
time buyers have a difficult time security for homebuyers. And
with. This is advantageous to costing only a few hundred
buyers due to the fact that they dollars, it’s worth it for the
would not need to have such a seller to make offer this
large portion of funds available incentive as well.
at the time of purchase.
Creative little perks can also be
Closing costs is often used as an thought of for incentives to
incentive as buyers aren’t selling a home. If the residence
interested in paying additional is in a condominium complex, the
fees to lawyers and title first year’s association fees
insurance after they have could be paid. Or if the home
purchased a home. And these costs comes equipped with a pool, the
aren’t small – they usually add seller could offer to pay for the
up to approximately two percent upkeep and maintenance for a
and seven percent of the cost. year. Many of these small details
Buyers, especially those having may come up in negotiations as
an already difficult time with buyers and sellers both think of
the down payment, will be very things that would be useful.
interested in these types of
incentives.
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About the Author:
Jeffrey Funk - Florida Licensed Real Estate Agent since 1999 - Specializing in Orlando Real Estate
Visit Jeffrey's website at http://www.execrealtor.com or call him at 407-438-4028
