I missed posting yesterday because business is booming!
The buyers are showing up in droves and with historically low interest rates, they are ready to buy. I wanted to list a few incentives sellers can provide which may drive some traffic to their listings:
1. Offer to pay the first year's insurance premium for the buyer. If you get a full price offer, you could be talking about an incentive that will cost you $3000 - $5000 depending on the location of the property.
2. Offer a home warranty to the buyer which will cover major appliances, at a minimum. These cost between $350 and $400. It gives the buyer peace of mind, especially if the appliances are older and may need to be replaced soon.
3. Offer two round-trip airline tickets to the buyers. Limit the total amount you spend on these to $2000. This could be slightly less expensive than paying the insurance premium and for that amount of money, the buyers could practically travel anywhere.
We provide a list of incentives that sellers can offer and some of them are quite creative. It pays to think outside of the box, and could produce a contract sooner than you expect!
Have a great Wednesday.
Wednesday, May 2, 2007
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