Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” “But agent commissions have never been a closing cost from a buyer perspective. “VA loans are probably the best loans on the market.

VA loan 482

VA loan Agents Seller concession FHA loan 482

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. CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email.

Agents 532

Agents Seller concession VA loan Finance 532

Housing Wire

OCTOBER 16, 2023

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. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Let’s use $10,000 as an example.

Agents 435

Agents Seller concession Closing costs Mortgages 435

Housing Wire

APRIL 12, 2023

In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. For example, a 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession.

Mortgages 414

Mortgages Loan Officer Marketing Seller concession 414

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. Seller FSBO closing costs.

Closing costs 111

Closing costs Closing Title Title search 111

Realtor.com

DECEMBER 10, 2020

Make sure to attend and review the findings of the home inspection,” says Steve Kaminski , head of residential lending at TD Bank. “It’s One example would be closing earlier and offering the seller a short rent back to allow them an easier move into their next home,” Dibble says. Closing costs.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

DECEMBER 2, 2021

Accounting for your payoff amount will help you determine how much cash you’ll net after your home sale closes. Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. But in Texas, the seller customarily pays for the owner’s policy while the buyer pays for the lender’s policy.

Seller concession 122

Seller concession Staging Inspection Renovation 122