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Home Sellers Offering Incentives to Buyers

Posted By Jim On 08/24/2006 @ 3:54 pm In The Home | 6 Comments

My friend put an offer on a house a couple towns over (I believe it was a couple thousand under the listing plus closing costs) and the sellers countered with the selling price and no closing cost assistance, but they’d throw in some mattresses and box springs for the rooms. But that’s nothing compared to what some builders are offering – upgrading appliances, upgrading cabinets, counter-tops, pools, etc. Of course, some are offering cash discounts too and with home sales dropping (4.3% new homes and 4.1% existing homes in July 06), it’s no wonder. So far my friend has run into resistance from home sellers (thought our area isn’t as crazy as some others like California), I think if he waits a couple months things will look better.

What’s the craziest incentive you’ve seen for someone to buy a house?


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