The Win/Win for Sellers AND Buyers Using Seller Concessions Instead of Price Reductions
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Mortgage Mike Helps | The Win/Win for Sellers AND Buyers Using Seller Concessions Instead of Price Reductions
Link to YouTube Video Episode: https://youtu.be/dqgPgokgBGs
Is your property lingering on the market with little to no interest?
Before slashing the price, discover a smarter strategy that benefits both sellers and buyers.
In this insightful video, mortgage experts Brendan and Mike Riley delve into the advantages of offering a mortgage rate buydown over a traditional price reduction. Learn how a $10,000 investment in a rate buydown can make your listing more attractive, save buyers more on monthly payments, and keep more money in your pocket compared to a $21,000 price cut.
For more expert mortgage tips, visit mortgagemikehelps.com
Subscribe for the latest videos from Mortgage Mike Helps on Youtube @rileyteammortgageloans
00:00 – Introduction by Brendan and Mike Riley
00:07 – Addressing stagnant property listings
00:11 – Considering a price drop from $500K to $479K
00:26 – Introducing the rate buydown strategy
00:43 – How a $10K buydown affects buyer's interest rate
01:10 – Comparing buyer savings: price cut vs. rate buydown
01:48 – Highlighting the win-win outcome for both parties
02:05 – Conclusion and final thoughts
Don't miss out on this win-win approach to selling homes in today's market!
📧 Email Us: mike.riley@supremelending.com
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