It is no secret that the real estate market is a lot slower now than it was a couple of years ago. Homes are taking much longer to sell, if they sell at all. I often get asked by home seller's if I know of any other ways, besides the standard ones, to help sell a home quickly. There definitely is one that I have used many times in the past that has been very successful.
Attracting buyers is always the name of the game in any market. That’s why using a special financing program works so well. Basically it’s an interest-rate buy-down program with built-in marketing support that is designed to attract more buyers by making seller's properties more affordable. So what does that mean? The seller is offering a special low interest rate for potential buyers. Because the home is advertised that way, it opens more doors for the seller's Realtor to establish relationships with buyers seeking a bargain.
In short, using a special financing program is a great way for home sellers to sell their homes quickly. It attracts more buyers because it reduces the buyer's monthly mortgage payment and differentiates the seller's property from other homes on the market. There are some complexities to it, so I would only recommend using someone experienced in this type of marketing.
Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com
Friday, April 04, 2008
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Good article - very informative and a 'secret' formula I've been using for years to sell homes faster! Another thing to consider is that 24-27% of ALL potential home buyers are NOT going to qualify for financing now - with the new restrictive mortgage guidelines - and NO MORE $0 Down loans. Perhaps you and your potential buyers would benefit by having me help them to genuinely repair their credit. I've written an article about that at http://www.jeffboyce.net and would welcome the opportunity to help you sell more homes this year!
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