Is a 2-1 Buydown Better Than a Price Cut?

The Sell for 1 Percent team breaks down the spooky October real estate market here in Central Ohio. With active listings now over 6,500 and interest rates marching towards 8%, the market appears to be shifting in the buyer’s favor. However, the gang reveals it’s a tale of two markets, where a move-in ready \ home in Dublin can still attract 25 showings and multiple offers while others sit. For Columbus sellers with a property that’s lingering, offering a 2-1 mortgage buydown could be a more effective strategy than a price cut to entice buyers.

Watch the full video on YouTube: https://youtu.be/BCmeK1hDU_o