The #1 impediment for San Mateo home buyers today is coming up with the cash for the down payment and closing costs. In San Mateo County, many prospective home buyers have solid jobs and above average salaries, but they are cash poor. They have not been able to save the money needed to cover the cash investment typically required to buy a home in San Mateo.
How Can San Mateo Sellers Sell Their Homes Faster?
Knowing this, a seller can make his or her home more marketable by offering concessions that bridge the gap between what the buyer has in cash and what the buyer needs in cash to complete the purchase.
Is Getting Your San Mateo Home Sold Now Important?
If getting your San Mateo home sold is important, consider these marketing ideas:
- Offer to buy-down the buyer’s loan by paying loan points reducing the interest rate
- Offer to pay some or all of the buyer’s closing costs reducing the out-of-pocket costs
- Offer to prepay the 1st installment of the buyer’s property tax
- Offer to prepay Home Owner’s Association (HOA) monthly dues for a period of time
Selling a Home in San Mateo is Not Just About Price
From a buyer’s vantage point, the cash investment is the ticket to ride the home ownership train. Sellers who work to find ways to help buyers get onboard will be the most successful.
How Much Can You Get for Your San Mateo Home?
To answer this question, you need to understand what’s going on in your local neighborhood real estate market. We have an online Home Valuation tool that can help you get a general understanding of your local real estate market. With just some basic information about your house and your email, we’ll send you a detailed market report. You can view a sample market report here. To sign up, click the “Your Home’s Value” button below.
Need to Sell Your San Mateo Home Now?
If you need to sell your San Mateo home, check out our Stress Free Home Listing Marketing Program proven to sell your home for top dollar, in the shortest time, with the least hassle. To set up a no hassle, no obligation consultation, call us at (650) 655-2500 or email info@LivingWellinSanMateo.com.
Other Posts You May Enjoy
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- Could the Inevitable Rise in San Mateo Mortgage Interest Rates Wipe Out Your Advantage?
- Loan Refinance…Think Again?
- You Can’t Time the Real Estate Market
- It’s Time to Trade Up
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