Get in touch

Thinking Outside the Box with Interest Rates

If you’ve been watching the market at all recently, you may have seen concerns being raised about items outside of our control - specifically, current interest rates. This means we have to think more creatively. Brenda Baird with Premier Lending Alliance stopped by to talk about some options you may not have thought of before.

There are also things our team can do to make things happen. Here are just three examples of ways we thought outside the box to make the deal:

1 - We recently had a deal where the buyer asked my sellers for closing costs to help them pay for their down payment. We negotiated some other terms that protected our sellers so they weren't paying out more money after the home inspection. Both parties came to terms and the buyers are getting a great house with help of that down payment.

2 - If the comps allow, we had a deal within the last couple of weeks where we bumped the purchase price up higher so the buyers could get closing costs and the seller still netted the same.

3 - Buyers have used a portion of closing costs to help buy the rate down. Buying your rate down will lower your overall out of pocket costs on the life of your mortgage WAY more than the savings of a lower sale price on the property! (Please confirm with your lender on this).

Don’t let high interest rates keep you from making a move! Call me today so we can discuss your personal needs and how our team can help.

< Older Post Newer Post >