Realtors hope interest rate cuts entice buyers
Monday, March 12th, 2007
BETHANY BEACH — A local Realtor and mortgage company are teaming up to put a new spin on an old selling strategy.
The slowing real estate market has led many real estate agents to convince homeowners to slash prices to attract buyers. But Layton Associates and Gateway Funding have come up with a different method — cutting interest rates.
Last week, the two agencies joined together to cut interest rates for the first year on a home in Lewes. The strategy is new to Sussex County.
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