If your home is not selling, you may want to consider offering to pay up to 6 months of a home buyers mortgage payments. There is a new program out by First Horizon that allows a seller to cover six months of mortgage payments for a borrower. The money is held in escrow and is paid monthly until the escrow account is depleted. The minimum amount that has to be paid is 3 months of payments.
If you are a buyer it could be the time to ask your agent to negotiate these terms for you in your purchase contract. The market is soft. Any loan officer should be able to discuss how the program works and what you can get out of it.
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