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£1000 buyers incentive?

What is a £1000 buyers incentive?

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

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  • Please clarify

    Answered on Feb 9 2012, Report content
  • 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
  • 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
  • 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
  • If it's the one with Jones & Chapman it is like a bride. The buyer will get it if the buyer uses their own legal team for the conveyancing. If they don't use it then they don't get it. Only benefit I can see to the seller is it makes potential viewers think about the cash back.

    Answered on Jun 5 2015, Report content

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