Question: If I should have to sell, what is a better tactic: present the buyer with a credit at closing or reduce the asking price?

Answer: I see agents who list properties where their seller offers a credit towards a lacking area in the home all the time. Example, a home has carpet or flooring that needs to be replaced. They allow a $3500 credit towards carpet/flooring at closing. This is all fine and good because it’s a way to acknowledge that you know it needs to be replaced or needs attention. [Read more…]