Is A Seller Paid Buydown The Right Move?

Buyer
Written By Gina Madeya

With a recent rise in interest rates and appreciating home values, many buyers have been priced out of the market. 

With a seller paid buydown, you can help lower the buyer’s monthly payment without lowering the seller’s sales price.

The Seller Paid Buydown assists in: 

  • Helping potential buyers approved at a lower rate qualify for a home

  • Countering an offer made on a client’s home by offering a seller concession

  • Turning back the clock on rising interest rates

Do the math—having a seller buydown to reduce your rate by 1% will increase your buying power by 10%.

Qualify for your dream home without compromising your budget!

EXAMPLE: My current Bothell Listing is broken down below:

This is not a loan estimate as defined by federal law. Actual rate, payment and costs could be higher. This is an example to show potential costs or savings when structuring a loan with Penrith Home Loans and a 2% Seller Buydown. This is not intended as an offer to lend or extend credit.

Questions? Reach out to:

Jennifer McGeary | NMLS ID# 106496 | Penrith Home Loans

Cell: 425.286.4553 | Fax: 206.621.2599 Email: Jennifer.mcgeary@penrithloans.com

Gina Madeya

Whether you're thinking of buying or selling your home, being successful in this market takes an experienced, trusted advisor with proven results. Gina has enabled over 200 clients to achieve their real estate goals and looks forward to helping you navigate the current market with clarity and confidence. As a 25 year veteran of corporate America (JPMorgan Chase and Microsoft), Gina puts her vast experience in both people and program management positions to work for you, nimbly balancing both the human and process side of real estate transactions to ensure your success in either buying or selling your home.

Lauded by clients and other agents alike for her impeccable work ethic and integrity, client advocacy, and proactive communication, you can count on Gina to guide you through every step of this complex and very active market with hands on support to deliver an experience and results you deserve. Backed by the most trusted brokerage in the Pacific Northwest, Windermere, Gina considers it a privilege to represent you and pledges her focus, responsiveness, honesty, patience, and never-ending support - she won't be satisfied until you are!

https://www.ginamadeya.com
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