SELLER PAID TEMPORARY BUYDOWNS HELPS BOTH SELLERS AND BUYERS

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The market is shifting. But it’s still a good market to sell or buy. While interest rates have been rising, most experts believe the rates will come down in 2023. We have tools to help both Sellers and Buyers!

A Seller Paid Temporary Buydown can position your listing above the competition by lowering your buyer’s interest rate over a set amount of time. This can be offered upfront in marketing your property or can be used in lieu of a price reduction. Here’s how it works:

Leonardo and Angelica,

This market report was created especially for you. If you are thinking of making a move to your next dream home, contact us at 970.481.4150 or 970.669.4175 for a free market analysis of your home.

Homes Currently Listed in Alford Meadows

temporary buydown: This one lowers your interest rate by 2% for the first year and 1% in the second year. You’ll reach your full monthly payment in your third year.

Homes Currently Under Contract or Pending in Alford Meadows

The Seller offers $11,819.00 as a Seller concession to the Buyer. The Buyer still has to qualify for the higher interest rate but realizes savings in years 1 and 2. The “Subsidy” resides in the Buyer’s Escrow account and subsidizes the monthly payments. If the Buyer refinances into a lower rate prior to year 3, whatever is left in the Subsidy balance is refunded back to the Buyer.

This can be an attractive option for both Buyer and Seller compared to a permanent buy down or reduction in sale price.

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Homes Recently Sold in Alford Meadows

Billie Jo Downing, Kathy Scribner, and RE/MAX Alliance are not in any way affiliated with Alford Meadows Owners Association, nor is this in any way an official advertisement or publication of Alford Meadows © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the IRES MLS between April 15th and November 10th, 2022. Listings and sales may not be those of RE/ MAX Alliance. The IRES MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency elationship.