Effective Incentives When Selling Your Home
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Jeffrey Funk
May 8, 2013, 10:50:02 PM5/8/13
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Article Title: Effective Incentives When Selling Your Home
Author: Jeffrey Funk
Word Count: 592
Article URL: http://www.isnare.com/?aid=177179&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=177179
Easy Publish Tool: http://www.isnare.com/html.php?aid=177179
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When trying to sell your home, there are certain incentives that can attract buyers. However, these incentives don�t often include things such as large screen televisions or expensive cars in the driveway. Often homebuyers will assume that these gimmicks have been included in the price of the home and they could actually turn buyers off of your property. Instead, more practical incentives such as the actual cost of the home and the amount of their monthly payments are likely to be much more attractive.
Incentives can be stated at the very beginning of the home selling process to make it stand out from the rest of the houses on the market or they can be added several months after the property has been listed to help it sell. The incentives could also be brought up during negotiations to help encourage the buyer to buy the home. A seller needs to consider all factors when offering incentives. Both the selling price and the incentives need to be considered to determine if it is worth it to the seller to offer the incentives.
Price reductions are usually the first incentive that is considered. This is due to the fact that the price will attract everybody. If a buyer is considering the house but is hesitant on making a commitment, dropping the price by even five or ten thousand could make all the difference.
Another big incentive the seller can offer to is to pay mortgage points for the buyer. Buyers are always thinking about interest rates and one point is equal to one percent of the mortgage in prepaid interest. Having a lower interest rate or lower monthly payment will also be something that everyone can relate to and can draw in all different kinds of buyers.
Another key factor that buyers are always considering is the size of the down payment they will need to be making. In fact, it�s one of the aspects of homeownership that most first time buyers have a difficult time with. This is advantageous to buyers due to the fact that they would not need to have such a large portion of funds available at the time of purchase.
Closing costs is often used as an incentive as buyers aren�t interested in paying additional fees to lawyers and title insurance after they have purchased a home. And these costs aren�t small � they usually add up to approximately two percent and seven percent of the cost. Buyers, especially those having an already difficult time with the down payment, will be very interested in these types of incentives.
A very interesting incentive that is sometimes offered is a warranty. The seller will often offer a warranty on the home�s systems such as plumbing and electrical for the first year after the house is sold. This provides a much needed feeling of security for homebuyers. And costing only a few hundred dollars, it�s worth it for the seller to make offer this incentive as well.
Creative little perks can also be thought of for incentives to selling a home. If the residence is in a condominium complex, the first year�s association fees could be paid. Or if the home comes equipped with a pool, the seller could offer to pay for the upkeep and maintenance for a year. Many of these small details may come up in negotiations as buyers and sellers both think of things that would be useful.
About The Author: Jeffrey Funk - Florida Licensed Real Estate Agent since 1999 - Specializing in Orlando Real Estate. Visit Jeffrey's website at http://www.execrealtor.com or call him at 407-438-4028
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=177179
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Jeffrey Funk
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=177179
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=177179
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Effective Incentives When Selling Your Home
Author: Jeffrey Funk
Word Count: 592
Article URL: http://www.isnare.com/?aid=177179&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=177179
Easy Publish Tool: http://www.isnare.com/html.php?aid=177179
*********************** ARTICLE START ***********************
When trying to sell your home, there are certain incentives that can attract buyers. However, these incentives don�t often include things such as large screen televisions or expensive cars in the driveway. Often homebuyers will assume that these gimmicks have been included in the price of the home and they could actually turn buyers off of your property. Instead, more practical incentives such as the actual cost of the home and the amount of their monthly payments are likely to be much more attractive.
Incentives can be stated at the very beginning of the home selling process to make it stand out from the rest of the houses on the market or they can be added several months after the property has been listed to help it sell. The incentives could also be brought up during negotiations to help encourage the buyer to buy the home. A seller needs to consider all factors when offering incentives. Both the selling price and the incentives need to be considered to determine if it is worth it to the seller to offer the incentives.
Price reductions are usually the first incentive that is considered. This is due to the fact that the price will attract everybody. If a buyer is considering the house but is hesitant on making a commitment, dropping the price by even five or ten thousand could make all the difference.
Another big incentive the seller can offer to is to pay mortgage points for the buyer. Buyers are always thinking about interest rates and one point is equal to one percent of the mortgage in prepaid interest. Having a lower interest rate or lower monthly payment will also be something that everyone can relate to and can draw in all different kinds of buyers.
Another key factor that buyers are always considering is the size of the down payment they will need to be making. In fact, it�s one of the aspects of homeownership that most first time buyers have a difficult time with. This is advantageous to buyers due to the fact that they would not need to have such a large portion of funds available at the time of purchase.
Closing costs is often used as an incentive as buyers aren�t interested in paying additional fees to lawyers and title insurance after they have purchased a home. And these costs aren�t small � they usually add up to approximately two percent and seven percent of the cost. Buyers, especially those having an already difficult time with the down payment, will be very interested in these types of incentives.
A very interesting incentive that is sometimes offered is a warranty. The seller will often offer a warranty on the home�s systems such as plumbing and electrical for the first year after the house is sold. This provides a much needed feeling of security for homebuyers. And costing only a few hundred dollars, it�s worth it for the seller to make offer this incentive as well.
Creative little perks can also be thought of for incentives to selling a home. If the residence is in a condominium complex, the first year�s association fees could be paid. Or if the home comes equipped with a pool, the seller could offer to pay for the upkeep and maintenance for a year. Many of these small details may come up in negotiations as buyers and sellers both think of things that would be useful.
About The Author: Jeffrey Funk - Florida Licensed Real Estate Agent since 1999 - Specializing in Orlando Real Estate. Visit Jeffrey's website at http://www.execrealtor.com or call him at 407-438-4028
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=177179
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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