Friday, August 31, 2007

Desperation takes hold...

With many housing markets rapidly going into reverse, Realty Times offer ten helpful tips for the desperate buyer. For those sellers having difficulty shifting those million dollar PoS, we helpfully reproduce an abidged version. That way, you don't have to have your intelligence insulted by reading this piece of garbage. Starting from the top:

  1. Finish that recreation room for the buyer.
  2. Give the buyer a decorating allowance.
  3. Pay the buyer’s Mortgage payments for 3 to 6 months.
  4. Buy-down points to lower the interest rate.
  5. Give the buyer a vacations. Offer a "Buy a house, get a Caribbean Cruise deal".
  6. Buy a Media room for the seller. Doesn't everyone want a flat-screen TV?
  7. Pay a Year of home owner association fees.
  8. Offer seller financing to the buyer.
  9. Pay off the buyer’s credit cards.
  10. Pay closing costs.

Sadly, it will take more than a new TV set or a week’s cruise to save today's sellers. The market has just run out of fools. People are just going to sit it out until house prices adjust to more reasonable levels.

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