Waiting for house to sell ! Frustrated... (Scottsdale, Florence: broker, home builders, neighborhood)

[sheena]

Originally Posted by azloafer

I sold my mother-in-law's house in two months by offering a one year termite warranty, a one year whole house warranty and $10,000. There were two houses in the paper awhile back that offered a new car in the garage. A lot of folks are offering to pay the buyer's closing costs. Todays paper has a house listed with the heading, "$51,000 price cut." In our community there are 13,000 houses and 1,000 are for sale so you have to offer something to attract buyers. A whole house warranty cost us $400 and the termite warranty was $175, but things like that will help sell a house.

I offered my buyers I think it was 8,000 cash back. Yeah one of my neighbors was giving a really nice newer SUV.

[sheena]

Originally Posted by Leaving AZ

Iam offering the house warranty I think its costing me $350 and Im also going to have all the carpets professionally cleaned which should cost me around $150 I hope.

And what else? That's not enough I also put it all new appliances, new carpet, had the exterior and interior all freshly painted. OK now I'm getting depressed I spent a lot of money to sell that thing We had to stay ahead of the competition.

[sheena]

Originally Posted by 63ragtop

Every house I have bought I bought in a buyer's market and the seller paid all closing costs, the home warranty, they paid for to fix EVERYTHING found on all the inspections (thousands of dollars on my first house), etc., etc.

Yeah me too. This one that I just sold, when I bought it I had them pay all my closing cost and home warranty.

[sablebaby]

Originally Posted by sheena

And what else? That's not enough I also put it all new appliances, new carpet, had the exterior and interior all freshly painted. OK now I'm getting depressed I spent a lot of money to sell that thing We had to stay ahead of the competition.

I was thinking the same thing. You need more incentives to sell your home against the rest. Seller concessions are great! Paid closing costs, in addition to home warranty. Home warranties are a given anymore.

[sierraAZ]

Originally Posted by azloafer

I sold my mother-in-law's house in two months by offering a one year termite warranty, a one year whole house warranty and $10,000. There were two houses in the paper awhile back that offered a new car in the garage. A lot of folks are offering to pay the buyer's closing costs. Todays paper has a house listed with the heading, "$51,000 price cut." In our community there are 13,000 houses and 1,000 are for sale so you have to offer something to attract buyers. A whole house warranty cost us $400 and the termite warranty was $175, but things like that will help sell a house.

So, what exactly was the 10K? Cash back? Not that the cars are any different. I thought this was called fraud... No wonder AZ is 7th on this list.

[sablebaby]

Probably seller concessions which is very common, not fraudulent.

[Master Shake]

Often times, the $10K or car or whatever just shows up as a line-item "discount". If it's documented on the closing paperwork, then it's not fraud.

[azloafer]

Originally Posted by sierraAZ

So, what exactly was the 10K? Cash back? Not that the cars are any different. I thought this was called fraud... No wonder AZ is 7th on this list.

It is not illegal, just $10,000 to the buyer outside of the contract. It's between me and the buyer. It's no different than say...exp: a friend of mine put a boat on consignment at a boat dealer. He knew that the salesman had more incentive to sell his own boats first so he told the salesman that he would get $500 cash if and when he sold the boat. It helps, everyone likes cash. Cash seems so much better than $10,000 off of the sales price of the house. It's the same, but it just feels better!

[sierraAZ]

Originally Posted by azloafer

It is not illegal, just $10,000 to the buyer outside of the contract. It's between me and the buyer. It's no different than say...exp: a friend of mine put a boat on consignment at a boat dealer. He knew that the salesman had more incentive to sell his own boats first so he told the salesman that he would get $500 cash if and when he sold the boat. It helps, everyone likes cash. Cash seems so much better than $10,000 off of the sales price of the house. It's the same, but it just feels better!

I know everybody likes cash, but nobody likes inflated comps...

[McWife2005]

We are looking to buy a house in Florence or Queen Creek in October. We heard it is possible to get a 4 bedroom for under 100.000.. Do your houses fall in that criteria? Maybe we can make a deal.. ;0)