Are you a seller that is listing a property and do not want to drop the price again? Do you need to get more buyers who are qualified to look at your property?

Are you a buyer who fell in love with a property only to find out that the monthly income needed to qualify is too high?

Have rates risen so that dream home is no longer affordable?

If the description above fits, then you must watch this video.

The seller buydown strategy is a win/win for both buyer and seller.

It not only allows the buyer to purchase a property with a lower monthly payment than without the buydown (potentially savings hundreds of dollars each month), but it reduces the income needed to qualify. Also for the seller it allows them to sell the property at maximum price and increases the pool of qualified buyers by reducing the income needed to qualify of the buyers who are looking  to purchase their home.

In today’s market, with rates rising the past few weeks to the highs for the year, this strategy has even more significance. The seller buydown strategy is a must in order to bring back those buyers that no longer qualify due to the increase in rates, With this strategy the buyers are back in the game.

If you want to learn more about how this can benefit you, please call me directly and I will be happy to walk you through a scenario.

If you would like to follow mortgage rates daily, follow me on www.twitter.com/watchurmortgage.