Sellers Looking To New Incentive Programs In Grim Real Estate Market

Sellers Looking To New Incentive Programs In Grim Real Estate Market.
ORANGE COUNTY, Fla. -- New numbers out today showed the median house price in Orlando is down $5,000 since this time last year. There are more than 26,000 homes on the market currently. Some sellers are using enticing incentives to get people in their house and get their house off the market. And one mortgage consultant says it"s working. Maureen Christy"s Baldwin Park home has been on the market for 36 days. Even with her lake view and thousands of dollars in upgrades, she"s competing with more than 26,000 other home sellers and builders. 'Anything you can do to differentiate yourself in this market,' said Christy. In a saturated market, Maureen"s realtor has gotten creative by teaming up with a mortgage consultant and is offering incentives, like 6 months mortgage free.