India, Oct. 18 -- Selling a home in the US has become more difficult as fewer buyers are looking to purchase homes and mortgage rates remain high. Sellers are now cutting home prices and offering financial benefits to attract buyers. These benefits include paying some of the buyers' closing costs or giving them money to lower their mortgage rates.

Rising mortgage rates and falling home sales have given buyers more power to negotiate with sellers. Mortgage applications have dropped sharply since late August, while homes are taking longer to sell. This has also led to an increase in the number of homes available for sale, according to Yahoo Finance.

More sellers are now offering financial benefits to buyers to complete home sales. In Sept...