WHAT TO DO?

June 15, 2024

When your house sits on the market for a while, it's a real cause for concern. You may have a new job to go to or some other lifestyle change that makes it necessary to move on and inconvenient to stay. Having a good real estate professional on your team is your first line of action. But there are some additional things you can do to get that buyer to the closing table.

Rates are better than ever but qualifying for a loan today takes a bit more effort. Many mortgage companies are requiring a larger down payment. This is usually the hardest part for a buyer. It's a substantial amount of money and we all know how hard it is to save money.

Consider offering some financial incentives. You could assist with closing costs or pay down points. It just might be the help they need to buy your home. Buyers will also be impressed with new or newer appliances. And offering a home warranty is a great idea. It means the buyer won't have to worry about additional expenses incurred if something goes wrong.

All of the above will cost you some money but it will be well worth it in the long run.

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