No matter which side of the transaction you are on, seller or buyer, here are some charts tracking Northern Virginia trends in seller subsidies. Subsidies are amounts that a seller credits to the buyer for such items as closing cost help, lease buyout help, or funds to cover repairs. This has been compiled at George Mason University from statistics from MRIS.
For the full article and analysis with charts,go to this link on the NVAR website. http://www.nvar.com/newsdetail.lasso?articleno=nvarn100813. Even if you don’t feel like digesting a whole article, the 3 charts really tell the story.
Posted on April 20th, 2007 by Brent DeRobertis
Filed under: Real Estate Statistics
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