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- Sellers
- Buyers
- Residential Property
Answered Questions
Is it better to offer a mortgage rate buydown than a price cut?
A $20,000 price reduction might only save a buyer around $100/month, whereas a 2-1 buydown could save them several hundred dollars a month early on. Right now, buyers are very payment-focused, so the buydown can feel more impactful, but if the home isn't attracting showings, price is usually the first lever to adjust.
Answered by Jolene Nansel | Franklin, TN, USA | 54 Views | Working With an Agent | 1 week ago
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