For most currently listed homes, buyers are firmly in the driver’s seat during negotiations.

While there are limits to what is possible, it is common for us to be able to negotiate with sellers on both the asking price and terms.

The home in this video is an example of that.

We were not only able to negotiate a reduction in the sale price, but we were also able to negotiate a considerable seller credit towards my client's closing costs, which they will use to do a 2-1 buydown of the interest rate on their loan.

This buydown will lower their interest rate by 2% in the first year and 1% in the second year. In the third year, the competitive fixed rate will kick in for the remaining term of the loan.

There are other buydown options available for…

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