Remove Closing costs Remove Residential Remove Seller concession
article thumbnail

Reverse purchase financing: The financing option no one is talking about

Housing Wire

Rather, it’s an age-specific, federally-insured loan option that helps eligible buyers aged 62+ make a residential purchase while retaining more of their money than they could with a conventional mortgage or an all-cash purchase, generally leaving their savings and assets intact for retirement and any heirs.

Finance 482
article thumbnail

No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

“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. Many are interested in the potential savings created by the new commission structure.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Let’s Make a Deal! 7 Things You Can Negotiate When Buying a Home—Beyond the Asking Price

Realtor.com

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.

article thumbnail

14 Mistakes to Avoid When Selling a House in a Recession

HomeLight

During a recession, any seller concession you can promote to reassure the buyer will usually shorten your days on the market. Some of the typical seller concessions can include closing costs, minor repairs, or fixtures to incentivize a buyer to say yes to your home. Failing to stand out.

article thumbnail

17 Tips to Sell Your House in a Down Market

HomeLight

Offering different seller concessions to potential buyers can help make your house stand out and give that extra nudge for a faster sale. Some incentives include offering a home warranty , making repairs, leaving desirable fixtures behind, paying closing costs, or offering to buy down the interest rate. Sweeten the deal.

Marketing 122
article thumbnail

High Interest Rates: Ticking Time Bomb for the Housing Market

Marco Santarelli

Investor Behavior Shift The changing interest rate environment also influences how investors approach the housing market: Shift to Investment Properties : Many investors identify opportunities in residential properties, looking to capitalize on increasing rental demand. Q9: How are current median home prices affecting the housing market?

article thumbnail

How to Sell a House By Owner in Kansas

HomeLight

Plus, when a seller isn’t working with an agent, the buyer’s agent may end up carrying more of the weight to get the deal to the finish line. Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Finally, a FSBO sale does not mean that a seller won’t need any professional assistance.

MLS 105