In today`s market a Realtor dealing with a Buyer now has the leverage to assist their buyers better than ever before when negotiating the purchase of a home. These are wonderful times for the BUYERS! Today, the buyer as the ability to ask for closing costs and other concessions that just weren't there a year ago.
I`m looking at creative ideas for financing, anyone have any ideas they`d like to share with the forum?

Now you know what it is like in other parts of the country.

Where you live is a booming market,albeit the market remains very active in and around the surrounding area.

Do you think prices will decline in South Florida? I am curious because my in-laws live in Broward county, and I told them to sell last summer. They decided to wait, and plan on selling this fall.

What happened?

Ask the sellers to pay for a discount point or points to get the buyers a lower rate. Most lenders will allow up to 6% in seller concessions, plenty of room to cover closing costs and a point or two.

If the mortgage person you're working hasn't suggested this to you, then you may be working with someone who is sleeping at the wheel.

It actually ebbs and flows with a general average increase of about 7-10% annually.

Per FMLS, a good 70% of deals occur with seller concessions.

Keep in mind the seller concession is typically limited to 3% if the buyer is getting 100% financing. The higher s.c. percents apply when the buyer is putting money down.

Sammy

All my buyers are getting closing cost assistance plus a buy down point. Home inspections are back so long list of to do's for seller. Low offers!!!

Downside I feel is buyer has way too much inventory to choose from. We had lot of panic investors who are trying to unload the investment by taking large losses.