Recently in Bristol a three-bedroom ranch style house sold for $193,000 and the sellers gave the buyer $5,000 at closing to cover their expenses. So overall with the cash giveback the price of the home amounted to $188,000 (Stansbury, 2008). With these incentives it helps the hurting housing market so houses continue to sell and not become stagnant, although even though the median sales prices appear flat, the more expensive houses are still selling...
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Recently in Bristol a three-bedroom ranch style house sold for $193,000 and the sellers gave the buyer $5,000 at closing to cover their expenses. So overall with the cash giveback the price of the home amounted to $188,000 (Stansbury, 2008). With these incentives it helps the hurting housing market so houses continue to sell and not become stagnant, although even though the median sales prices appear flat, the more expensive houses are still selling...
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