Thursday, 30 October 2014 21:19

Consider Seller Incentives to Sell a Home in Rochester, IL

One way to get your home sold faster is to offer seller incentives. Seller incentives such as offering closing costs are especially helpful in persuading prospective buyers who are torn between several different properties that are similar. A reputable Realtor who is experienced in the Central, Illinois real estate market can help you decide which seller incentives are likely to sell a home in today’s market. According to an article by Realtor.com, it’s a seller’s market in some parts of the county but not everywhere. Depending on the age and location of your particular home, you may or may not see multiple offers or even a single offer that appeals to you. It’s difficult to accept, but some buyers can be finicky and demanding. To nudge buyers to pick your listing, Realtor.com has several suggestions.

Offering closing cost assistance

Offering assistance with closing costs for your Rochester, IL home can be especially attractive to first-time homebuyers who are on a limited budget and have a tight budget.

Paying homeowner association fees

Another seller incentive that is popular, especially with townhome and condo owners, is to offer to pay for one year’s worth of the homeowner association or condo fees. Many subdivisions made up of single-family homes also charge a yearly or quarterly HOA fee that can be paid up for the year. If you live in a country club neighborhood, consider paying the golfing fees or club membership.

Including chandeliers and drapes

You may have spent hundreds or even thousands of dollars on specialty window treatments such as cornice boards for your home. The reality is, the drapes may not fit your new home, but may be of value to the home buyer. You may also consider including high-end lighting, chandeliers, ceiling fans, mini blinds, appliances and other “negotiable” items in the sale.

New construction builders often offer incentives when they are closing out a subdivision or when they have too much inventory. An experienced Rochester Realtor will be able to fill you in on any builder incentives being offered as your competition. Although you may not be able to offer $10,000 worth of upgrades, you can offer a new floor allowance. Luxury home sellers have even been known to throw in a high-end car just to sell a home in a difficult market.

At Jim Fulgenzi & Co., we can help you sell your home in Rochester, Springfield, Chatham, and all of Central Illinois. For more information on getting your home sold with seller incentives, please contact us.

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