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What is a Buyer's incentive
SuzieSue
Posts: 4,099 Forumite
I've seen "£1000 BUYER'S INCENTIVE AVAILABLE" on a few flats particulars on Rightmove.
What does it mean and what is the point?
What does it mean and what is the point?
0
Comments
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Its a way of sucking in FTBs who think they must be being offered something for nothing.
They're not. The 'incentive is built into the price.
Just look at the final price you will have to pay (however constituted) and decide if that is a price you are willing to pay.0 -
It means you get £1000 cash [whoopee doo dah] which you have to pay at least £1000 for. The point is that it assists in marketing to the gullible.I've seen "£1000 BUYER'S INCENTIVE AVAILABLE" on a few flats particulars on Rightmove.
What does it mean and what is the point?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
its a scam by the Connells/Sequence group. Just offer what you think its worth and tell them you have no interest in using their additional servicesI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
its a scam by the Connells/Sequence group. Just offer what you think its worth and tell them you have no interest in using their additional services
We're looking to buy at the moment and I prefer to let the EA think that I'm going along with it, so that there is less risk of being seen unfavourably in negotiations.
I don't want them pushing someone else's offer over mine because they can see some potentially juicy commissions from another buyer who has fallen for the scam.
I just need to make sure that I don't enter into any binding commitment with the EA.What goes around - comes around0 -
We're looking to buy at the moment and I prefer to let the EA think that I'm going along with it, so that there is less risk of being seen unfavourably in negotiations.
I don't want them pushing someone else's offer over mine because they can see some potentially juicy commissions from another buyer who has fallen for the scam.
I just need to make sure that I don't enter into any binding commitment with the EA.
An excellent tactic.
Just agree to come in and discuss the mortgage and solicitors AFTER the price is agreed, go armed with quotes from your mortgage lender and Solicitor.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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