Many turn to seller financing to attract home buyers

It's tough going for sellers in many parts of the country.

You've got developers dropping prices and increasing freebies in an effort to get rid of some of their excess inventory. They're doing anything they can to sell homes in their development, even if it means their other buyers will suffer from the price reductions.

And then you've got buyers who are asking for the moon and beyond. I received an e-mail from a home buyer wondering if it was OK to ask the seller to pick up closing costs to the tune of 6 percent.

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