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Price Drop vs. Rate Drop
Price Drop vs. Rate Drop
Higher interest rates will impact buyers' qualifications if you have not noticed. The higher rates are also beginning the "price drops " trend, which sellers use to help attract affordable housing for buyers.
Seller Buy Down:
I wanted to show you how an SBD works and how both the Buyer & Seller can benefit when the SBD + is structured within a purchase transaction.
Here's how it works - Seller gives the buyer a "seller credit (concession)" for the buyer to use towards buying their rate down.
Most sellers don't know that dropping the rates has a more significant impact on a buyer's payment than lowering a sales price could ever have. Offering SBD (rate reduction) credits can help buyers more easily afford the price of the home and sellers get their house sold quicker
with potentially more money in their pocket.
Price vs. Rate Drop:
Buyers - instead of asking for a price reduction, ask for a rate reduction. In the above example, you can see the difference between a 20k price reduction and a 20k rate reduction. Buyers win bigger with SBD options.
Seller Buy Down:
I wanted to show you how an SBD works and how both the Buyer & Seller can benefit when the SBD + is structured within a purchase transaction.
Here's how it works - Seller gives the buyer a "seller credit (concession)" for the buyer to use towards buying their rate down.
Most sellers don't know that dropping the rates has a more significant impact on a buyer's payment than lowering a sales price could ever have. Offering SBD (rate reduction) credits can help buyers more easily afford the price of the home and sellers get their house sold quicker
with potentially more money in their pocket.
Price vs. Rate Drop:
Buyers - instead of asking for a price reduction, ask for a rate reduction. In the above example, you can see the difference between a 20k price reduction and a 20k rate reduction. Buyers win bigger with SBD options.