Friday, May 1, 2009

Selling in a Slow Market

If your local real estate market is slow, consider offering buyer incentives. They don't have to cost you a lot, but they will give your home the edge over similar homes on the market.

Offer a home warranty.
Offer to buy down the buyer's mortgage interest rate. This may cost a couple of thousand dollars, but that's likely to be less than what it will cost you if your house languishes on the market.
Offer to pre-pay a year's worth of association fees.
Offer a year's worth of professional lawn mowing.
Offer credit toward the buyer's closing costs.
Offer a weekend getaway at an attractive lodge or hotel.
Lower your asking price.

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