Monday, March 2, 2009

A ton of incentives - and signs of lower prices

A ton of buyer incentives are being offered by sellers these days. And many are advertising lower prices. Here are some examples from yesterday's real estate section in the Wisconsin State Journal:

  • One builder is offering to match the $8,000 first-time homebuyer tax credit - for a total credit of $16,000.
  • One condo development is advertising "new prices, new condos", while another condo ad says "check out our new pricing".
  • Others developments are offering various incentives such as $20,000 in allowances, a free lifetime health club membership, the assumption of your lease, and the purchase of your home.
I have two quick questions for you if you've been thinking of buying:

Do these incentives make you want to buy? Or are you more inclined to wait?

Have a good one,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com

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