With the current economic crisis going as it is, the biggest stumbling block for buyers is the fact that more and more of them are having difficulty in getting the huge amount of money that is needed to buy a place. If your house costs close to a million dollars, here are some tips that will help you close a sale with a prospective buyer.

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Offer to help with the closing costs

When a seller transfers his house to a new owner, the incumbent has to take care of quite a few additional costs. These include title insurance and taxes, and can be upto 2% of the house’s value. If you can throw in the bargain that you will help your buyer with these costs, you’re increasing the value-add that comes with your home.

Tell the buyer that you can offer them some interest points

Points are those fees that are paid to a lender to decrease the interest rates. So instead of the buyer paying say 6.5% on the mortgage, you can offer them some points so that they get a lower interest rate for the first year.

Throw in a home warranty

You want to reassure your buyer that your home is in good condition, and a good way to do this is to buy a home warranty. This reassures the buyer that if a major fixture gives way after the seller has occupied it, it will be fixed and paid for.

We hope that these will give you some ideas on how to make your home more attractive for a buyer and will help you close the elusive deal you’re looking for.