Real Estate Incentives Going Out of Style

WASHINGTON – Aug. 23, 2010 – With home sellers trying to limit losses and the government restricting seller contributions, buyers have access to fewer cash incentives and other perks – such as cars, televisions, and appliances – for going through with a transaction. These days, experts say more sellers are attracting buyers’ attention by pricing competitively or lowering the price.

Other residential property professionals point out that buyers are taking into consideration that a family member could become unemployed, and they are making buying decisions based on one income.

“Gimmicks don’t work well when buyers have so many avenues to be educated about what’s for sale and what has sold and for what price,” says Aaron Dickinson of Edina Realty in Minneapolis.

Source: News OK (08/21/10) Buchta, Jim

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