Could seller-paid closing costs be making a comeback?
It’s too early to declare this selling season the second coming of winter 2009, of course. But a broad range of active listings across Atlanta—from eastside bungalows, ritzy Buckhead townhomes, downtown condos, and West Midtown new construction—is dangling thousands of dollars apiece toward closing costs as incentives right now.
This revived 1930s bungalow in the historic heart of Westview is taking buyer bait a step further.
Offering three bedrooms and a full renovation a few blocks from the Beltline’s Westside Trail, the property has nonetheless spent 110 days on market, having been listed in mid-June at $435,000 and twice discounted since.
The new price, as posted with EXP Realty this week, is $399,900.
Beyond the price adjustments, the seller is taking the unusual—and creative—route of covering one year of paid home security services, a year of HVAC services, and up to $3,000 in closing costs, per the listing.
Is it all a sign that some properties are getting tougher to move, or are these isolated examples?
Zooming in on the Westview offering, the “designer” house has no shortage of curb appeal, perched on what’s described as the neighborhood’s “best street.”
Beyond a generous porch are 1,620 square feet, two bathrooms, and a general melding of original character (the wood floors and brick, albeit painted) and functional newness (quartz kitchen countertops, marble-encased master shower).
The backyard is deep, if that’s a plus, but exterior social spaces might best be described as raw right now.
The overall intent was to bring “functionality, design, and technology with an ode to the original historic character and charm,” reads the listing. Whether buyers will be charmed by all of that (and free burglar monitoring for a year) remains to be seen.