Offering incentives when selling your home might attract buyers to your house. If you want to sell your house quickly, your real estate agent might suggest offering some incentives. People like receiving incentives when buying homes. As a result, buyers might be more inclined to purchase your house. If you would like to do this, you might wonder what types of incentives you should offer. You can offer anything you want, but here are some ideas to help you know your options.
Cash is an incentive that attracts most people. When people see "free cash," they immediately want to learn more, and this is true with home sales. You might want to provide a $1,000 cash incentive for a home sale that closes by a specific date, or you could come up with another idea related to giving away cash to the buyer.
Another incentive you can offer is paying points for the buyer's loans. Points reduce the interest rate on a loan, helping a person save money on interest. If you offer to pay for points, someone might buy your house faster to receive this incentive.
Another incentive that attracts buyers is offering to pay their closing costs. Closing costs can be expensive, so you might not want to offer to pay for all of them. Instead, you can offer to pay a specific amount, such as $2,000.
Fixtures and Home Furnishings
Including things from your home can also increase desire in buyers. For example, you can offer to leave all your window treatments or area rugs. You could even offer to leave specific furniture items.
Including a home warranty with your house purchase is relatively standard, yet it is still considered an incentive. Buyers like the peace of mind they receive with home warranties, and these are not overly expensive to purchase.
Prepaid Property Taxes or Homeowner's Insurance
One last incentive you can offer is to prepay the property taxes or homeowner's insurance for the house. Offering to pay these expenses can encourage people to buy your home, as it helps them save money. You can decide how much of these expenses to pay when you write your home listing.
These are just a few ideas to consider if you want to offer incentives on your home listing. If you have questions about selling your home, talk to your real estate agent to learn more. You could also try searching "sell my home" to find more information.