Should I offer cash incentives if I am selling a house rather than lower the price?

My reason for thinking that incentives (such as cash back or seller pays first month's mortgage) might work better is that it seems it would give an immediate perk to the buyer verses a relatively small decrease in monthly payment. Is that a correct assumption?

Should I offer cash incentives if I am selling a house rather than lower the price?
I would recommend listing your home at or below the competitive market price. If similar houses similar are priced at $300,000, list yours for $295,000 to generate an extra level of interest.





The market today is not kind to someone who waits too long to lower the selling price.The longer the home is on the market..the harder it will be to sell.





Or by offering to pay the closing costs or some of the points on the buyer’s loan, you can lower their monthly payment without lowering your asking price.





With so many buyers strapped for cash today, that’s a big differential,I t can be the difference between getting a home sold now and waiting months.





In places where sales have cooled and the inventory of houses on the market is high, “curb appeal” is critical. You need to make sure your house is inviting to someone driving by and really pops off the page in online photos.





Look at your landscaping. Does it need to be spruced up a bit? Maybe some new sod, some well-placed shrubs, or some summer flowers can enhance that first impression..





You also want to freshen up the inside of your house


Make sure everything works — doors should close easily


and hinges shouldn’t squeak.A coat of white paint can work wonders.





So remember the rules: Clean up, fix up and don't get greedy. Do all that and you've got the best shot at selling your house as quickly as possible for its maximum potential
Reply:1. Wen housing first started this downtern, realters %26amp; home bildeers wanted stuff that wood NOT kut the house pries on the


guvt paperwerk. Thats wi em yuze "insentives". tu hide the reel pries.


Its 2 late for that now. Evreewon no hous prieses drop like a rok. Wot kount now is the true pries.


2. Note: the housing bill kongres just passed outlaw sum av the insentivs that bekame so kommon over the last 2 yeers.


In partikular: The seller provide munee tu the bier tu make the


down paement or as a sekond morgage. This is now nonlegit.
Reply:When we looked for our first home, we ONLY searched online for homes we knew we could afford(low prices!)....





We saw some incentives but stuck to one that didn't have any, just because we thought it might be a scam. I would put it on the market for what it is worth. Good luck, it is a tough time to sell right now!
Reply:Most mortgage companies do not want the seller to give the buyer cash. You are allowed to pay closing costs for them or make some repairs for them but not give them cash.





Your math is correct but cash back is not allowed.

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