I am a real estate investor and a private lender, and I work with lots of investors in the NH and MA area.  We’ve seen a big dip in sales of entry level homes since the $8000 first time homebuyer tax credit expired. 

But you can still market to those buyers!  If you’re an investor, and are selling a house you remodeled, why not advertise an $8000 first time homebuyer credit.  Just not a tax credit.  You can cover their closing costs, to the extent allowed by their financing, and if there is surplus, then give them some upgrades. 

How about:

Ceiling fans, upgraded appliances, flat screen tv, built in microwave, fill the oil or propane tank, etc.

I’m sure I’m not the first one to think of this, but I haven’t seen it anywhere.  If you are an agent, and not an owner, you can still run the idea past your sellers.  Yes, the house has to appraise, and you may take most of that 8K as a hit, but you’ll sell the house faster, and not keep paying the interest carry if you are borrowing hard money to do the deal.

Anyone who is already doing this, or knows someone who has, please let me know so I can pass it on to investors in my area.