When a buyer likes the home but fears the payment, reducing the price may not be the only solution. Learn how seller concessions, rate buydowns, closing-cost assistance, and properly structured inspection credits can help California agents keep a workable transaction together.
Before reducing a market-supported listing price, consider the price reduction alternatives builders use every day. Seller credits, closing-cost assistance and mortgage buydowns may help solve a buyer’s affordability problem while helping the seller preserve the price.
First Capital Mortgage Inc. is helping spring buyers with up to a $750 appraisal credit at closing. With mortgage rates near 6%, this can reduce upfront cash needs and help hesitant buyers move forward with more confidence.
Real-world answers to the mortgage questions agents are hearing most—credits, buydowns, builder incentives, first-time options, non-QM, and more.