Gettin' Real: A Real Estate BlogGettin' Real: A Real Estate Blog


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Gettin' Real: A Real Estate Blog

Many people say they don't really feel like an adult until they buy their first home. It is a huge step. Rather than letting a landlord make all important repairs, you take on this responsibility yourself. You also get to build equity in the home over time, which can be a rather smart investment. At the same time, buying your first home can be a little intimidating. You may have questions about applying for a mortgage, setting a budget, and shopping efficiently. We hope to answer those questions with our helpful content. Your real estate agent is a good source of information, and so is this blog.

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Incentives To Offer With Your Home Sale

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

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.

Points

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.

Closing Costs

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.

Home Warranty

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.