Home Buyer Incentives to Make an Attractive Deal

Are you selling your home but find it difficult to? Perhaps you need to do something to make it more attractive to buyers. Have you thought about home buyer incentives? If you haven't yet, here are the ways to better the deal and your home would be off your hands in no time.

Based on Zillow, these incentives will help you seal the deal.

Buy down the interest rate

Most buyers looking for home cannot pay cash and would need a mortgage to get a home. While banks provide assistance, they offer interest rates based on the current market price. Buying down the rate, which means paying the interest rate upfront  can be done by the seller on behalf of the buyer to have low monthly payments for say, 30-year fixed mortgage.

Include furniture or window coverings

If the house is presented well, there are instances when the buyer would actually offer buying the same furniture, especially if they go well with the home. If not, consider offering them as part of a sale, in a discounted rate, of course. It would save you the trouble of getting rid of them later.

Credit for non-recurring closing costs

Repair needs may be discovered upon house inspection and it is something either you or the buyer would want to deal with during closing. To avoid further delay (or buyer chasing you after the close) offer a credit or cash and consider the matter done. The buyer may or may not do the repair but it is at least off your hands.

Offer buyers' brokers higher commission

A bonus for the buyer's agent goes a long way so do not hesitate to do this especially when your home has been stale for a while.

Credit for "Close By" date

Zillow says, "Sellers can offer incentives and promote them in a number of ways - some more strategic than others. Putting incentives out there as part of your marketing will surely get buyers in the door. So if you're having a hard time selling or know up front that your home will be a tough sell, advertise the incentives implicitly. If you have a buyer, and you've come close to negotiating but are stuck, these incentives, pulled out at the eleventh hour, can help move the deal over the finish line."