This is a YouTube video titled "Realtor Tip!! #homeloans #homebuyer #fhaloan #interestrates #firsttimehomebuyer #closingcosts" created on February 4, 2023. The content features a single speaker providing advice to realtors on how sellers can help buyers afford homes in a challenging market by buying down the buyer's interest rate, thereby keeping prices strong and making homes more accessible.
Realtors Here's a trick to keep buyers engaged in the current housing market. Instead of taking that price reduction on the home, have the sellers buy down your buyer's interest rate. Because buyers have seen interest rates go up the last six to 12 months. That's made houses more expensive. So they might still want those nice houses they started looking at a while back. But they're out of their price range, they're not affordable or they can't qualify. That's why the interest rate buy down can open up their price range, help them qualify for much, much more, stretches their money much further. And sellers, if you're listing a home instead of being just yet another house in the block that has a price reduct collection right now as the market's kind of softened a little, differentiate yourself and help potential buyers at the same time by making them be able to afford your listing and keeping your price strong so it doesn't look like there's anything wrong with the home. This is a trick that helps everybody on both sides.
