Favorable Terms When Selling a Home
When selling a home, offering favorable terms can make your property more appealing to potential buyers and help close the deal faster. Here are some commonly used favorable terms you might consider offering, depending on your situation and the market:
🏡 1. Competitive Price
Slightly below market value to generate more interest and possibly trigger a bidding war.
Include a recent appraisal or CMA (Comparative Market Analysis) to show the value.
📆 2. Flexible Closing Date
Offer a quick close if the buyer wants to move in ASAP.
Or allow a delayed closing if the buyer needs more time to sell their current home.
🛋️ 3. Seller Concessions
Offer to cover some or all of the buyer’s closing costs (common in buyer’s markets).
Prepay HOA fees or taxes for a few months to reduce upfront costs.
🧰 4. Home Warranty
Provide a 1-year home warranty for appliances and systems to give the buyer peace of mind.
🧾 5. Financing Help
Consider seller financing (if you're able), or offer to buy down the buyer’s interest rate with points.
Be open to FHA, VA, or other loan types that may have specific conditions.
🛠️ 6. Repairs or Upgrades
Agree to complete requested repairs before closing.
Offer credit for renovations instead of doing them yourself.
🚪7. Include Extras
Leave behind appliances, furniture, or custom items like blinds, lighting, or smart home systems.
Throw in lawn equipment, patio furniture, or even a riding mower if you’re not taking them.
🤝 8.Lease-Back Option
If you're not ready to move immediately, offer to rent the home from the buyer after closing for a short time — attractive if they don’t need to move in right away.
