Buyer's market for homes leads to creative incentives
"I had a seller offer a $5,000 bonus if I brought him a buyer," Black said. "I had offers of free airfare, two round-trip tickets. Another man offered to leave a stainless steel refrigerator, a washer and dryer, a freezer and a plasma TV. He said it was a $4,000 TV.
"That's $8,000 in incentives for a $275,000 house. Some builders are paying 8 and 10 percent commissions. It's a bloodbath out there. The fact of the matter is, there are way too many houses on the market."