Hey, real estate question for you!
An agent emailed me today because a house we were looking at earlier in the year is still unsold and they are offering a 3.5% purchase incentive to cover buyer's closing costs for homes that enter contract in the next month and close by the end of June.
Can you translate?
We were only half looking earlier this year because the house needs A LOT of work and neither of us even had time to think about buying a house, much less buying a house we'd have to work on before moving in. But we'd already noticed the price had gone down and were thinking about looking into it again.
So, with that said, I'm curious to understand this incentive more.