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penwat

£1000 buyers incentive?

What is a £1000 buyers incentive?

Asked on Feb 9 2012, Selling in Wirral | Report content

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  • No photo available of Dr P

    Dr P

    Please clarify

    Answered on Feb 9 2012, Report content
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  • Photo of HomeWhereTheHeartIs

    HomeWhereT...

    You see this on some new build property developer’s sites. They offer you £1000 cash back on completion. I would say knocking the price down on a property by a few thousand is better than £1000 cash back, but it depends on whether you can negotiate the price down and whether the cash back deal comes with an attractive low deposit etc. It is a marketing ploy to get people to think they are getting a bargain on an overpriced property in most circumstances.

    Answered on Feb 9 2012, Report content
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    Dr P

    I suspect pretty much what HWTH says. Like a mortgage cashback probably more expensive in the long run that it looks at the outset

    Answered on Feb 9 2012, Report content
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  • No photo available of Tercol1

    Tercol1

    I'm led to believe a £1000 off the sellers price, ie to help with stamp duty and attract a purchaser

    Answered on Mar 21 2012, Report content
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