loans: Seller Credits
- 09/10/08 06:59 AM
I'd like to encourage listing agents to discuss various options of promoting their clients property to today's buyer. In todays "money market", as I'm sure you know, debt to income ratio is one of the largest obsticles a buyer has in qualifying for a new home mortgage. I work with agents and their clients throughout California encouraging the seller to think outside the box. You may not need to continue to reduce the listing price of the property to attract buyers. You may suggest to your seller to offer a 2%-4% credit toward closing costs....more importantly, "buy-down points". If the buyer can get a lower interest rate=lower … (1 comments)
I'd like to encourage listing agents to discuss various options of promoting their clients property to today's buyer. In todays "money market", as I'm sure you know, debt to income ratio is one of the largest obsticles a buyer has in qualifying for a new home mortgage. I work with agents and their clients throughout California encouraging the seller to think outside the box. You may not need to continue to reduce the listing price of the property to attract buyers. You may suggest to your seller to offer a 2%-4% credit toward closing costs....more importantly, "buy-down points". If the buyer can get a lower interest rate=lower … (1 comments)
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