The Mortgage Report

JULY 31, 2020

A seller concession is an agreement where the home seller pays the buyer's closing costs. Learn how seller concessions work here.

Seller concession 116

Seller concession Closing costs Closing Mortgages 116

Housing Wire

NOVEMBER 16, 2022

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. The temporarily lower rate is made possible by a lump sum that is deposited into a buydown account. Presented by: Flagstar. primary home purchases.

Seller concession 397

Seller concession Mortgages Fixed-rate mortgage Loans 397

Housing Wire

JANUARY 17, 2024

Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception. The information being displayed is for illustrative purposes only.

Finance 482

Finance Seller concession Loan Officer Loans 482

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 56

Closing costs Closing Seller concession Title 56

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 52

Closing costs Closing VA loan Seller concession 52

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

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

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

Housing Wire

MAY 20, 2024

The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs.

Purchase and sale agreement 464

Purchase and sale agreement Agents Seller concession Closing costs 464

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

Housing Wire

SEPTEMBER 16, 2022

For Rocket Pro TPO, home sellers or real estate agents will be funding the program, similar to a buydown program rival United Wholesale Mortgage launched last month. UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage.

Mortgages 418

Mortgages Seller concession Fixed-rate mortgage Loans 418

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

Broke Agent Media

MARCH 16, 2023

BAM Key Details: A new Redfin report shows over 45% of sellers giving concessions to incentivize buyers, with a record 13% of sales involving both price cuts and concessions. Pandemic boomtowns, led by Seattle, have seen the biggest increases in seller concessions, which are most common in Las Vegas at 51.6%

Seller concession 98

Seller concession Closing costs Sales Mortgages 98

Housing Wire

JULY 4, 2024

Historically, interest rates are not as extreme as they seem, and with proper guidance, potential buyers can still find manageable financing options with lower down payments, down payment assistance and the potential for seller concessions to help cover agent commissions and closing costs.

Pre-qualification 476

Pre-qualification Pre-approval Seller concession Finance 476

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

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

AUGUST 19, 2024

There are many buyers who don’t have the funds to pay their agent’s commission out of pocket along with their down payment and closing costs; they are relying on the list price including compensation for their agent. “If It doesn’t matter,” O’Koniewski said. “If

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

Real Trends

APRIL 11, 2023

To think outside the box, some Realtors began using seller concessions. Whereas seller concessions make the home-buying process more affordable and exciting for potential buyers, while also maintaining the home and the community’s value. In some areas of the U.S., So, what do you do?

Seller concession 76

Seller concession Closing costs Purchase and sale agreement Inspection contingency 76

Housing Wire

JUNE 25, 2024

In other cases, you may be representing a buyer negotiating with a seller who refuses to lower the price even after the appraisal comes in lower than expected. When this happens, it’s time to ask for some seller concessions.

Seller concession 397

Seller concession Staging Finance Closing costs 397

Housing Wire

FEBRUARY 19, 2025

If you find any concerns that need to be addressed, this is the time to negotiate the contract further by requesting repairs, price reductions, or seller concessions. This is the time for buyers to discover any deficiencies in the property and work with the seller to resolve any issues.

Closing 346

Closing Earnest money deposit Due diligence Pre-approval 346

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 416

Mortgages Loan Officer Marketing Seller concession 416

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

Housing Wire

MARCH 22, 2024

“Normally, I would tell buyers that if they are 10% off the list price, they are dealing in different realities than the seller.” Haydon said she has also recently had offers accepted with sale contingencies, closing cost coverages and a variety of other seller concessions.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

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

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

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

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

Lighter Side of Real Estate

JANUARY 11, 2023

Just months ago, buyers were regularly waiving their rights to even get an inspection done on the house, let alone hoping to have a seller take care of any repairs. 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.

Seller concession 97

Seller concession Closing costs Inspection Mortgages 97

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

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

Redfin

JANUARY 10, 2025

The costs and scope of these upfront costs will vary depending on the type and condition of your property, but some major costs to consider are pre-sale home inspections , making repairs or upgrades, home photography, and staging. Before determining when to sell your property, you should estimate what your closing costs will be.

Seller concession 59

Seller concession Equity Closing costs Renovation 59

HomeLight

JUNE 16, 2022

The total cost to sell a house in California depends on your specific situation. You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Closing costs. Many factors influence the cost of prepping your home for sale.

Seller concession 109

Seller concession Closing costs Inspection Agents 109

HomeLight

JUNE 14, 2022

Seller concessions. Seller concessions can contribute to the overall cost to sell a house in Seattle. In addition to the direct costs of preparing your home to sell and agent fees, there may be indirect costs that occur during the course of the transaction. Closing costs and additional fees.

Seller concession 119

Seller concession Closing costs Agents Closing 119

Bigger Pockets

JANUARY 12, 2023

New data from Redfin shows that seller concessions, such as mortgage rate buydowns and cash credits for repairs and closing costs, are becoming increasingly common as high mortgage rates curb demand for […].

Seller concession 98

Seller concession Closing costs Marketing Mortgages 98