The fall and winter are historically great times for buyers to have more negotiating power than other times of the year.
With rates near 25 year highs a lot o buyers are on the sidelines waiting for them to drop.
If a buyer is looking to negotiate with a seller they may want to ask for a seller credit instead of a price reduction.
Using a 400k sales price example, a $10k price reduction only lowers the payment roughly $80/mo.
However, keeping $10k in your pocket can be much more helpful to pay off other debt, do minor home repairs, or even the best option a "2/1 Buy Down"
See my video here explaining more about temporary rate buy downs: [ Ссылка ]
Feel free to reach out if you have any questions.
Cameron Harper
President/Loan Officer
Phone: 661-619-1610
Email: cam@prequalwithcam.com
Website: www.camortgagereport.com
Cameron Harper is a licensed loan originator for Best Equity Property Services, Inc, DBA California Mortgage Lending. Licensed by the California Department of Real Estate. Cal DRE 02087311, NMLS 1845124. NMLS #300991. Equal Housing Lender. The author of this video makes an effort to be factual, but it is always advised viewers do their own independent research.
