Housing Wire

APRIL 15, 2024

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees.

Agents 532

Agents Seller concession VA loan Finance 532

Housing Wire

NOVEMBER 16, 2022

UWM is also launching a lender-paid version as an alternative to the sellers-paid product, the company announced on Wednesday. With the seller-paid version, seller concessions, which are closing costs the seller agrees to pay, are deposited as a lump sum into the buydown account.

Seller concession 397

Seller concession Mortgages Fixed-rate mortgage Loans 397

Realty Biz

JUNE 22, 2021

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

Seller concession 128

Seller concession Closing costs Purchase and sale agreement Closing 128

Housing Wire

JULY 4, 2024

Current market challenges The real estate market is currently characterized by a complex interplay of factors: Interest Rate Volatility: Fluctuating interest rates have made it difficult for potential buyers to predict the cost of financing a home. This dream, however, seems to be facing challenges.

Pre-qualification 476

Pre-qualification Pre-approval Seller concession Finance 476

Maximum Exposure Real Estate

JUNE 7, 2021

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” and wondered what it meant? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price.

Seller concession 142

Seller concession Closing costs Finance Closing 142

Realtor.com

NOVEMBER 15, 2022

One type of incentive that buyers—and sellers—can use is called seller concessions. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees.

Seller concession 121

Seller concession Purchase and sale agreement Closing costs Title search 121

HomeLight

JANUARY 31, 2025

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. But what are closing costs? Understanding these costs upfront can help you budget properly and avoid surprises. Get Started What are closing costs?

Closing costs 104

Closing costs Closing Title Seller concession 104

Maximum Exposure Real Estate

JANUARY 4, 2023

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” or “selling concessions” and wondered what it meant? This can make […].

Seller concession 98

Seller concession Closing costs Finance Closing 98

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. It never will be.

Agents 435

Agents Seller concession Closing costs Mortgages 435

Housing Wire

MARCH 22, 2024

Local real estate professionals attribute the slower market to a variety of factors including higher home prices, which have remained steady despite the slowdown, higher interest rates , and rising costs for homeowners and flood insurance. We are seeing a healthy increase in inventory, which we really needed.” In comparison, the average U.S.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

Housing Wire

AUGUST 19, 2024

When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. The biggest difference is that sellers need to have the new format and commission structure explained to them fully and carefully,” said Rachael Dotson, an agent at Rhode Island-based Residential Properties Ltd.

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

APRIL 12, 2023

Incentives in the Market In a higher-rate environment, temporary rate buydowns funded by sellers, lenders or builders were widely offered as an incentive for buyers. The majority of the 155 respondents – about 70% of the total – noted temporary rate buydowns funded by the seller, builder or lender are offered as incentives to buyers.

Mortgages 412

Mortgages Loan Officer Marketing Seller concession 412

Housing Wire

JUNE 25, 2024

After years of a market that favored sellers, the pendulum is slowly swinging back in favor of buyers. Compared to years past when homes sold in hours for thousands above asking, 41% of millennials expect to negotiate with sellers , 26% of whom expect to lower their prices. What is the purpose of a home appraisal?

Staging 395

Staging Seller concession Finance Closing costs 395

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? As Realtors, we had to think creatively to help our sellers sell their homes. To think outside the box, some Realtors began using seller concessions. You are certainly not alone. In some areas of the U.S., In some areas of the U.S.,

Seller concession 76

Seller concession Closing costs Purchase and sale agreement Inspection contingency 76

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Some of these costs, such as property taxes and insurance, apply to homeownership in general.

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

Closing costs 98

Closing costs Closing Seller concession Title search 98

RIS Media

FEBRUARY 29, 2024

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. Negotiations can include the purchase price, closing costs and contingencies. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits.

Seller concession 130

Seller concession Closing costs Closing As-is 130

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. So if your home sells for $450,000, you could spend anywhere between $27,000 to $45,000 in seller fees. Typical seller closing costs. Appraisal fee.

Closing costs 97

Closing costs Closing Seller concession Purchase and sale agreement 97

HomeLight

MARCH 31, 2021

Whether you’re selling a modern condo in Atlanta’s Midtown or a century-old property in Savannah’s Historic District, you need to know the closing costs sellers are responsible for in Georgia. The last thing you want is sticker shock when you review these subtractions in your seller’s settlement statement. Not in Atlanta?

Closing costs 105

Closing costs Closing Purchase and sale agreement Title search 105

HomeLight

NOVEMBER 10, 2021

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Source: (Shot by Cerqueira / Unsplash).

Closing costs 111

Closing costs Closing Title Title search 111

Realty Biz

JULY 6, 2023

Two common strategies sellers use to entice potential buyers are offering a closing cost credit or a price reduction. What Is a Seller Credit? A seller credit, or a closing cost credit, is an agreement where the seller agrees to pay a portion of the buyer's closing costs.

Closing costs 85

Closing costs Closing Purchase and sale agreement Seller concession 85

Lighter Side of Real Estate

JANUARY 11, 2023

Now, many buyers are getting money toward repairs, closing costs, and even mortgage-rate buy-downs. Sellers are willing to negotiate on more than just price. More buyers re-entering the market could also impact how much sellers are willing to (or even need to) bend on price, terms, or concessions.

Seller concession 95

Seller concession Closing costs Inspection Mortgages 95

HomeLight

APRIL 29, 2021

As a seller, your home sale price and proceeds are very different numbers. You’ll need to subtract your closing costs to determine how much money you’ll walk away with after the sale. So, what are closing costs in Delaware? In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs.

Closing costs 85

Closing costs Closing Seller concession Homeowner’s association 85

Broke Agent Media

MAY 31, 2023

of home sales during the three months ending April 30 involved seller concessions—just under February’s record high of 45.6% While sellers in some parts of the U.S. are offering freebies to attract buyers, thanks to the dampening effect of high mortgage rates, sellers in markets with severe housing shortages don’t need to.

Seller concession 52

Seller concession Closing costs Sales Mortgages 52

HomeLight

JUNE 16, 2022

While the market in California is still hot for sellers, there has been a decrease in the number of homes sold. Step one in estimating the cost to sell a house in California is getting a preliminary home value estimate. Typically, the cost to sell a house in California is about 11% of the home’s final sale price.

Seller concession 109

Seller concession Closing costs Inspection Agents 109

Windemere Selling

JANUARY 19, 2022

Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid. Learn more about the costs of buying and selling a home here: 10 Costs Associated with Buying a Home 10 Costs Associated with Selling Your Home What are closing costs?

Closing costs 52

Closing costs Closing Purchase and sale agreement Seller concession 52

HomeLight

JUNE 14, 2022

A good first step in estimating the cost to sell a house in Seattle is getting a home value estimate. How much does it cost to sell a house in Seattle? Based on our extensive research, which we’ll break down below, the cost to sell a home in Seattle could potentially be more than 12%. When you decide to sell, it’s a big deal.

Seller concession 119

Seller concession Closing costs Agents Closing 119

HomeLight

JUNE 14, 2022

That part’s decided; now it’s time for you to determine the cost to sell a house in Chicago. Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. Seller concessions.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Title 110

HomeLight

FEBRUARY 16, 2024

You’re told that the seller is receiving multiple offers, but some have attached contingencies — conditions the other buyers have included in their offers. It not only demonstrates to sellers that you’re financially prepared but also accelerates the purchase process once you’ve found the perfect home. Get Started 1.

Pre-qualification 115

Pre-qualification Seller concession Pre-approval Closing costs 115

HomeLight

JUNE 16, 2022

It follows then that it’s an excellent time to determine the cost to sell a house in Massachusetts. To assist you in your planning, we’ve researched the expenses you can expect and gathered expert insights to help you get a better idea of the cost to sell your Massachusetts home. We put a plan together for the seller.

Seller concession 110

Seller concession Closing costs Inspection Closing 110

Real Trends

NOVEMBER 2, 2022

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. So what is a 2/1 rate buydown? How does a 2/1 rate buydown work?

Seller concession 109

Seller concession Loan Officer Closing costs Mortgages 109

Maximum Exposure Real Estate

SEPTEMBER 25, 2023

A seller assist, also known as a seller concession or seller credit, is a feature of loan programs that allows the seller to help the buyer by covering a portion or the entire closing costs. This option is desirable for buyers with limited cash and sellers facing challenges selling their properties.

Seller concession 98

Seller concession Closing costs Loans Closing 98

HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Seller credits are money the seller gives the buyer at closing.

Closing 105

Closing Seller concession Sales Closing costs 105

HomeLight

MAY 31, 2022

In recent years, we’ve experienced a seller’s market – and many homeowners have been eager to take advantage of the situation. Therefore, to determine profit, subtract the original purchase price plus all those costs and fees listed above from the final sale price. That balance is shifting. According to the U.S. What is my home worth?

Seller concession 124

Seller concession Closing costs Staging Sales 124

HomeLight

SEPTEMBER 27, 2022

Nevertheless, Gina Candelario , a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, says sales are good and it’s still a seller’s market. To illustrate, if you sold your Texas Craftsman home for $325,000, the seller’s costs could range from $22,750 to $26,000.

Seller concession 98

Seller concession Closing costs Homeowner’s association Title 98

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs 31

Closing costs Closing VA loan Seller concession 31

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs 31

Closing costs Closing Seller concession Title 31