Wednesday, May 4, 2011

Sellers & Incentives to Buy

This is no doubt one of the Best Buyer Markets Ever! However, many sellers are not really doing much to encourage those wanting to buy to act now and buy their house.

According to the latest National Association of Realtors, "Home Buyers and Sellers Profile", 56% of sellers are not offering any incentives at all; only 25% offer a Home Warranty which is valuable but at an average cost of about $500, it probably doesn't do much to make the difference in the decision to buy or not. On the contrary, Builders selling newly built homes, offer a variety of incentives, like Upgrades, Seller-Paid Closing Costs, Interest Rate Buy Downs, Appliances or even Big Screen TVs.   

With the tougher mortgage conditions that exist today, buyers are looking for their best opportunity and will more likely than not, select the home with the most attractive incentives ... errrrr, Terms.

Whether selling or buying, today's complex real estate market requires a professional who can structure a transaction to benefit all parties involved and meet their needs. Let me know how I can serve you or your referrals to better understand the tax advantages, financing aleternatives & investent aspects of home ownership ... because NOW really is a GREAT time to BUY!