Pelham Seller Gives Away a Hybrid!
The Westchester real estate market has picked up quite a bit recently. We have all heard the reports about the poor state of the market in recent months. Multifamily properties have been hit especially hard, with transaction volume down almost 60% last year.
So John, the seller of a Pelham 3-family, decided to give his buyers an offer they couldn’t refuse. He is going to buy the buyer of his house a Hybrid, when they buy his house! Yes you heard it, a brand new 2009 Toyota Prius Gas/Electric Hybrid. "Why would a buyer want to pay a mortgage and a car note?" says John. "They buy my house, I buy them a car." John is offering the buyer a Hybrid or a credit for the value of the Hybrid if they don't want it.
"The timing couldn't be better," says Rey Hollingsworth Falu, John's broker with Houlihan Lawrence. "With the new Reinvestment act signed in February, first time buyers get an $8000 tax credit, if they close before December 1st. Plus they get a new Hybrid and a tax credit for the Hybrid too!!? I'm thinking about buying it myself"
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