BRKBKS- You sound disheartened and I don't blame you. The key to selling in this market...you need to develop a competitive edge...make the home stand out among the competition. If the home shows well, then you need to price it aggressively and offer incentives. Entice the buyer to buy!
Most Realtors #1 SOLUTION: REDUCE THE PRICE.
But what they don't tell you is that when you reduce your price by $10,000 it lowers a potential Buyer's monthly payment by only $53/month. That's not going to expand your pool of qualified Buyers or increase your market potential...is it?
Rather than lower your price we recommend that you price your home aggressively
+ offer financial incentives, Seller concessions.
This allows a Buyer Options.
He can use the money toward:
A.) Closing costs.
B.) Temporary Buydown (Lower interest rate and reduce payments dramatically for the first 2 or 3 years)
C.) Permanent Buydown (Bring the rate down to 4.75%/30 year fixed)
D.) Any combination of the above
SELLER DOES NOT HOLD FINANCING.
Looking for advice? We can help.
Contact us for a complimentary consultation: info@321ADVANTAGE.com - Thu Oct 1 2009, 06:11