Wow, That’s a Great Home Buyer Incentive! Or Is It????

 

Checking on some local Charlotte NC neighborhood real estate activity I noticed a home buyer incentive that I can’t say I’ve ever seen before in the remarks of one of the real estate listings.

Essentially the agent noted that the sellers would pay for the entire portion of 2010 property taxes and homeowners association dues if the house went under contract by a deadline that’s already passed (early Fall 2010).

My first thought was “hmm, that’s creative” but of course I had to dig a little deeper and see what tremendous value this incentive would be to a home buyer.  Turns out, the “incentive” these sellers were offering amounted to less than $250 for a contract signed close to the deadline. 

So for less than the cost of a home warranty, this home buyer incentive is supposed to make your home stand out from the competing homes for sale?

Needless to say it apparently wasn’t the magic remedy for this listing which is still on the market as active – and reflecting that buyer incentive even though the deadline’s come and gone.

It’s a creative home buyer incentive, it caught my attention!  But as far as effective…..I’m not convinced especially after I worked out the actual value of the incentive.

No home buyer incentive is EVER going to have the power to change how your home shows, what features it has, or how it compares to other competing Charlotte NC area real estate listings and what value it offers for the price.

Related article posted Fall of last year, A Home Warranty Isn’t Going to Make Your Charlotte NC Home Any More Appealing to Home Buyers

Copyright©2010 by Diane McDermott, All Rights Reserved, “Wow, That’s a Great Home Buyer Incentive! Or Is It????”

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The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC’s real estate market serving neighborhoods in Charlotte NC

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About dianemcdermott

Diane is deeply passionate about serving single and divorced women home buyers, first time home buyers and new to the area buyers navigate the Charlotte area home buying process. Having navigated separation and divorce she has immense respect for the stress of transition and need for a home living situation that supports and nurtures. She connects and guides clients as they navigate the home buying process, transitioning to a space they'll love calling home. McDermott Real Estate
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