May 1, 2010, immediately following the
expiration of this government initiative, home sellers participating in the
Coldwell Banker Buyer Bonus Sales Event will offer a credit of 3 percent (up to
$8,000), when part of an accepted offer, of their home’s purchase price to
buyers who sign a contract before July 31, 2010. There is no deadline for a
closing date.
“The federal government did its part to encourage millions of
Americans to achieve their dream of home ownership with the help of the home
buyer tax credit,” said Jim Gillespie, president and chief executive officer for
Coldwell Banker Real Estate LLC. “As the credit expires, Coldwell Banker Real
Estate is encouraging buyers who haven’t found a home yet to continue looking,
while bringing a new audience of home buyers who were unable to qualify for the
tax credit into the market. We are confident that this private sector solution
will represent a significant step toward continued recovery of the housing
market.”
“The Buyer Bonus Sales Event will allow participating Coldwell
Banker home sellers to essentially extend the benefits of the credit,” said
Gillespie. “Without restrictions such as household income caps, the Coldwell
Banker Buyer Bonus Sales Event allows for greater participation for all
homebuyers. And our sellers have a unique opportunity to allow their home to
stand out from the competition in their marketplace.”
Participating homes will typically be identified by Buyer Bonus
Sales Event yard sign riders and tagged as a Buyer Bonus home online at www.coldwellbanker.com. While
searching for a home online, home buyers can simply check the box labeled “Buyer
Bonus Sales Event” to find participating properties nearby.
All home sellers who take part in the Buyer Bonus Sales Event
will receive broad marketing support from Coldwell Banker Real Estate LLC,
including:
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