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Northeast Florida Home Buyers: Rates vs. Negotiating Power
Buyers rarely get low mortgage rates and strong negotiating power at the same time, and right now Northeast Florida buyers have the leverage. With rates above 7%, fewer people are competing for homes, so sellers are more willing to offer price cuts, closing cost help, and even rate buydowns. If you’ve been watching rates and…
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Price Cut vs. Rate Buydown: Northeast Florida Sellers’ Guide
A rate buydown is money you pay at closing to lower your buyer’s mortgage rate, and it can lower their monthly payment more than the same amount taken off your price. For Northeast Florida sellers, that makes it a smart alternative to a price cut when your home has been sitting without offers. From St.…