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Homeowners Desperate To Sell Are Giving Away New Car

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Home Sellers Sweeten Deals


Publication date: 2006-07-28

By Noelle Knox


To drive sales, 75% of builders are now offering some kind of incentives to attract buyers, up from 50% who did so last year, according to the National Association of Home Builders. "These builder-developers understand the solution to the slowdown to the market is to
quickly liquidate their inventory
," says Ron Peltier, CEO of HomeServices of America.
*In Woodbridge, Va., George and Susan Garrigan listed their home for $449,000 in March. After two price reductions and still no takers, they took it off the market. They painted the interior, landscaped the yard, put in new carpet and exposed the hardwood floors.
Now it's back on the market for $439,000. And there's a new car in the driveway with a sign: "2006 Corolla Free with Purchase of our Beautiful Home."
"You have to do something to stand out," says their agent, Barbara Tivnan. "There's so much inventory, and there's just not that many buyers."

Coming to the UK soon :)

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Not exactly, that's some wideboy trying it on with the price and trying to offload a decade old Italian car at the same time.... - if he was asking a sensible price it would have sold.

Let's put it this way, can you imagine negotiating a sale with this bloke - with the amount of tricks and promotions he's running, I have abolsutely no faith in his integrity as a seller.

That's not the same as offering a '5% deposit paid' or stamp duty paid or carpets and curtains (which has been around for years in one form or another, even in the up market).

BTW, that's corolla's worth about £7K stateside tops - so on a £250K house, it's like offering a 2.8% discount - not a lot really is it - just a gimmick....

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  • 301 Brexit, House prices and Summer 2020

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      • down 5% +
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