Open House
Welcome to Open House, a News Tribune blog on the real estate industry and its curious musings, gossip and yes, even facts and analysis.


The blog will focus on the South Sound, state and national housing and rental markets, as well as cool Web sites, weird real estate trends and warnings about scams.

Please send along your questions and suggestions.


No-pitching policy
Open House is a forum to read about and discuss real estate issues. It is not a place to pitch your services. That means no direct solicitation, no phone numbers and no pushing readers to your Web site or place of business.

More real estate blogs:

Rain City
Seattle area real estate blog

Seattle Bubble
Real estate and the housing bubble

The Real Estate Blog
National scope

Inman News
(National real estate news/research co. with a blog)

360 Digest
Seattle-area blog on real estate, art and politics.

Calendar
January 2008
Sun Mon Tue Wed Thu Fri Sat
 << < Current> >>
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
Archives
XML Feeds
What is RSS?
Misc
Who's Online?
  • preserve Email
  • benramm Email
  • MrSinister Email
  • Guest Users: 455
Tacoma and South Puget Sound Real Estate Blog
Thursday, January 24th, 2008
Posted by Devona Wells @ 06:19:37 am

Buyer bonuses seem to be as popular as ever, given continued hesitancy on the part of home buyers. I wrote a story in October about such incentives, which can take the form of home warranties or cash to put toward closings or even cars.

But in recent days I have run across a few buyer bonuses that struck me as over the top or unusual to the point that I wondered if perhaps they had the opposite of the intended effect.

Here’s a sampling:

For a $275,000 Tacoma home: "12 percent owner financing on full-price offer. Up to 6 percent closing costs. Two flat panel TVs! (One installed.)"

For a $199,500 Tacoma duplex: "$10,000 buyer bonus! Seller will use bonus to remodel the front unit prior to closing or buyer may use bonus for closing costs or?"

For a $299,000 Tacoma home: "This owner is an investor who has decided that this home is too big to be a rental. She will consider creative proposals like trades, owner help with financing, etc."

Do such forthcoming remarks give the buyer too much of an upper hand in a potential sale? Or is such openness the best marketing policy in today’s market?

Categories: Marketing