So, if interest rates are a buyer’s primary roadblock, then I recommend seeking opportunities to negotiate a reduced interest rate from a seller or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?

Just to clarify on some things you are considering, we currently have some excellent incentives on new construction properties that may be interesting to explore as you continue your research on what the best options are for you based on your goals.Those incentive options include:-An immediate price reduction of up to 5% of the home price to allow for immediate equity.

This resulted in a substantial $2500 reduction in the sale price.

At least here in Reno, NV, we saw about an 8-10% reduction in median home prices from the peak of 2022. 

Does anyone have, or is anyone aware of a calculator with inputs to show me whether a seller paid 3-2-1 rate buy down vs price reduction is best, where I have ability to input for how many years. 

We have never raised his rent, always address any needs or concerns with urgency, and even give a December rent reduction with Christmas card and gift each year.

If you have another exit strategy that you'd be happy enough with - holding on to it for a number of years instead of getting your funds back on your projected exit timeline - then that provides some risk reduction.

Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.

We also asked the seller for a price reduction to make the numbers work but the seller declined so we backed out of the deal and had your earnest money returned to you.

608 N galloway price reduction to $849000 new construction.