In an effort to encourage homebuyers to come forward developers are offering sweeteners to get us motivated. You never knew home buying could be such fun!
According to the article “Frenzy of freebies to tempt homebuyers” you could be the proud owner of a home. All you have to do is to purchase a winning raffle ticket for fifty pounds and take part in a quiz. Polish up your general knowledge and you could have your own home!
Homes are becoming increasingly difficult to sell thanks to the recession with an estimate of 20,000 unsold homes across the nation. This is why a whole host of incentives are being created to give the current sluggish home buying market a bit of a boost. The developers MIA are discovering that a well placed incentive scheme is just what is required to stand out from the crowd. Managing Director Rafik Patel claims you need to innovate in order to survive the struggles of the current house buying market. The company is offering up a £8.25 million apartment development for 200,000 subscriptions of raffle tickets at fifty pounds a time as well as some participation in an online quiz. Don’t worry if you don’t win an apartment in East London, your money will contribute towards a good cause, that of Great Ormond Street hospital.
Incentive schemes available elsewhere include that by Persimmon who are set to pay your utility bills, council tax, buildings insurance, contents insurance and mortgage payments for twelve months when you take on one of a selected range of houses. This is a package worth about twelve thousand five hundred pounds. Home buying has never been so thought provoking.
The more you look, the more of these incentive schemes you see as builders and sellers alike are pitching against one another to sell up in what appears a very stagnant marketplace. While the offering of incentives is not a completely alien idea, say the Home Builders’ Federation, it is becoming more commonplace with schemes becoming more inventive in an effort to stand out from the crowd. The federation went on to add these incentive schemes were once upon a time used to encourage customers to close the deal but nowadays, it is unusual to come across a plot without one as they are more commonly used in order to get customer traffic moving.
The development giant, Taylor Wimpey is currently offering discount vouchers of £17,500 or if you would prefer free carpets, furniture and removals. On a smaller level, a seller in Lancashire hopes to raise the money for his house via 14,000 tickets for entry into a Sudoku competition at £50 a time.
House buying has never been so strange!