I started seeing this coming back into the market last fall. I had a seller who when interest rates jumped up, a great buyer prospect was then priced out of purchasing the seller’s home. My client, the seller paid to help the buyer “buy down” the interest rate, enabling them to move forward with the purchase. The best part, we raised the sale price some to help cover the seller contributions and this barely raised the buyer’s monthly PI. Call me to see how this might work in your favor.
Steve Young with RE/MAX
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