STRATEGIES FOR SELLERS TO GET TOP DOLLAR FROM BUYERS WHO CAN’T AFFORD THE CURRENT HIGH INTEREST RATES

Many homeowners seeking to sell their properties find themselves in a quandary due to the prevailing high interest rates, hindering potential buyers from qualifying for financing and presenting offers. Here are three strategies that sellers can employ to surmount this challenge:

Seller Financing: Enhance the attractiveness of your property by offering seller financing, which presents a lower-interest alternative for potential buyers. This approach enables you to secure a higher selling price.

Lease-to-Own Arrangement: Consider implementing a lease-to-own arrangement, wherein prospective buyers provide a substantial non-refundable deposit and subsequently rent the property with the option to purchase it later at a pre-determined price. This affords buyers time to secure improved financing terms while generating rental income for you and facilitating a higher selling price.

Interest Rate Buy-Down: Collaborate with a mortgage broker to provide buyers with temporary reductions in interest rates, thereby ensuring affordability for the sale even amidst higher prices.