Cars, Boats, Gift Cards and Other Freebies To Sell Homes
Crafty home sellers can come up with some pretty creative incentives to entice buyers when market conditions are sluggish.
In Florida, former quarterback Dan Marino, who has been trying to sell his multimillion-dollar mansion for three years, is now offering to throw in his furniture and a signed football. His offer comes after reducing the asking price of his 15,000-square-foot residence twice.
Many brokers say that healthy price cuts can be the most effective tactic to use if a property hasn’t attracted any offers – not gimmicks like a free car or pieces of furniture.
It looks like a good number of home sellers agree. A recent survey by Trulia finds that nearly a quarter of the homes currently on the market have had a least one price cut. The average price reduction has been about 11 percent.
Boston, along with Los Angeles and Dallas, is among cities where at least 30 percent of homes have had a price reduction.
June 16th, 2009 at 2:12 pm
Interesting article. I recently saw a home for sale where the owner was throwing in his antique Mercedes convertible. However, that’s just another maintenance expense, right? We’ve been staging homes for many years and our track record has been that every home we’ve staged has sold in 30 days or less, even in the current market. Statistics show that staged homes sell faster than those unstaged. today’s homebuyer is looking for a showhouse feel upon entering a property. A convertible cannot compete with walking into an empty, cluttered, or dated property!