If you were in the market a over a decade ago you would have been acquainted with home buyer's incentives. I don't understand the hoop-la over it now, it is nothing new. Definitely not gimmicky, just a tool that has been around and something all consumers should pay attention to. Have you ever had a friend who took advantage of a terrific opportunity or offer and you wish you had known about it?
All kinds of incentives have been available to make the home buying process more affordable or a particular home more desirable. Sellers can pay points for the home buyer and offer a cash concession at closing. Personal property can be thrown in as well.
One particular time, I sold a house with a boat! Items such as that were put on a separate Personal Property Agreement and sold for $1. (Mortgages are given on the appraised real estate not personal items.)
A buyer can be comfortable with the knowledge that they did well on their home buying purchase if they choose a mortgage broker that educates them on how much is allowed by law for Seller's Concessions "before the purchase offer is written" and use a real estate agent that knows how to write an desirable offer utilizing all the saving possibilities.
For an added BONUS, a Buyer should use other incentives, as well. Many individual companies are offering savings on services that are needed to make the move. Since it is very competitive right now there are many ways to save!
Experienced real estate flippers take their property purchases seriously. Flippers research the market and they are knowledgable in a multitude of ways to save money when purchasing property...so when they flip, they dont' flop!
If your "value perspective" is buying a home and PROFIT in the process, usually one-stop shopping does not add-up. Having one company's attorney, mortgage broker and real estate agent gives the company and not the consumer more control over the transaction. Consumers could even end up spending more money in the long run. How much of your "money" do you want to spend to get "rewards" or "points"?
Beware of competitive companies discouraging consumers to investigate incentives, it may be a lack of confidence in their own services and prices.
Consumers, do your Homework. Simple ADDITION or SUBTRACTION. Remember to bring down the dollar sign!
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