Most likely no. If you look at the $2,000 as a component of value that you are willing to contribute to secure an acceptable offer, I would consider the following options:
1. Lower the price by the same amount
2. Invest the $2,000 in the property to address any issues (if any) that may be detracting from the quality of the home (new appliances, carpet, paint, windows, landscaping etc.)
3. Offer to buy down the Buyers interest rate (talk with a mortgage lender and create a scenario that would provide an example of how much the rate could be lowered).
4. You can get creative - Offers to buyers could include things like: New plasma TV, airline tickets to anywhere, Several years of lawn care service, furniture store credit etc.
A lot depends on the price point of your home. If you have an entry level property and the expectation would be that most people interested in your property would be first-time home buyers, than anything that helps them close the deal: lower price, interest rate buydown, credit towards lender pre-paids etc. are likely to carry more weight.
If you have a more expensive property tat would be considered a move-up home, than condition/age of mechanicals, systems etc. is more important. In this case some of the more interesting "creative" ideas could work to draw attention.
Vito Boscaino
Managing Partner / Realtor / MBA
Help-U-Sell North High Realty
Columbus, Ohio 43214
614.447.3050 office
www.servingcolumbus.com
http://vboscaino1.point2agent.com
http://northhighrealtyhelpusell.blogspot.com
http://northhighrealty.helpusell.com - Wed Dec 5 2007, 11:50