can legally pay], providing a decorator’s allowance or other irresistible buyer incentives. (taken from RE/MAX Canada) Buyer requests or seller incentives may include: • Reduction of the asking price • Seller-paid points • Help with the down payment • Help with closing costs • Offering to close in a short time • Offering or transferring a home warranty • Prepaid property taxes for one year • Offering a mortgage buy-down (Super Brokers (www.superbrokers.ca) defines a mortgage buy-down as “the process of trading money or points for a lower mortgage rate. Some mortgage lenders offer brokers discount or buy-down points as a promotion or reward for repeat business. These points can then be used to reduce the interest rate on certain mortgage terms.” The list is as long as your agent is creative, so discuss each of these with your listing agent before agreeing with a buyer. NOTE: There may be restrictions placed on the real estate agent because of agency laws.
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