You will buy a home aiming to spend your whole life in it and raise generations in the same place. Like all things, however, this is not guaranteed, and you might need to relocate at some point for one reason or another. In most cases, relocation is hinged on a timeline, and you ordinarily need to sell your home fast.
The property market is, however, relatively slow nowadays, with reduced disposable income. Moreover, with homebuyers always looking for a way to save, you might sell your home for a loss. Without a realtor here in Kansas City, your home will be stuck on the market for an extended period.
Remember that having your home on the market for a prolonged period will only dip its price and make you desperate enough to settle for even the lowest offer. With some incentives, however, buyers will be trooping for your home, and you will get a profit even when the property market is slow.
The following are some of the buyer incentives that will see you sell your home quickly at top dollar.
Interest Rate Buy-Down
With this choice, you will offer buyers a specific number of percentage points on your sales price. The points are consequently paid to the buyer’s mortgage lender as discount points that will reduce his or her interest rates.
For your buyers, this decreases the typical pressure of trying to pick a day for locking in of their interest rate. Moreover, it sends the message that buyers who pick your home will automatically beat the property market rates, and the points are tax-deductible for them.
Closing Cost Credit
Most homebuyers are trying to scrape the bottom of their accounts looking for 3-6% of their home purchase price to pay for the closing costs of buying a property. These include escrow services, mortgage, insurance, title, and loan fees.
Smart home sellers include a percentage credit for their closing costs. This will be a significant boost for homebuyers who are already struggling with the expenses of home buying.
HOA Dues Credit
When selling a home that is part of a homeowners association that charges annual or monthly dues, this might worry buyers who are already contending with the high expenses of buying homes. To overcome this common concern among homebuyers, consider an HOA dues credit.
Here, you will offer a credit at the closing of your deal that will cover the HOA fees for a certain period often 6-12 months.
Broker Incentives
If you cannot afford to give an incentive to buyers, consider giving a broker incentive. Remember that brokers will ordinarily represent numerous home sellers with today’s cash crunch that sees most people putting their properties up for sale or rent.
If you offer an incentive to your agent in addition to the commission, your home will be among the top priorities on their list.
Relocating does not have to mean stressing about getting a homebuyer that will pay top dollar within the shortest time. The above incentives will make your relocation considerably hassle-free. This is nonetheless only the case when handled by the best realtor.
The realtor can also get you the perfect home to rent or buy in your new location.