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UWM turns to seller concessions with new mortgage product launch

Housing Wire

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

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What to Know About Selling a House in Austin, Texas

HomeLight

Possible seller concessions in Austin. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Austin agents will tell you that a lower price is better than a seller concession. Covering certain closing costs: $26,000-$27,625.

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What to Know About Selling Your Home in Houston, Texas

HomeLight

Possible seller concessions in Houston. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Houston agents will tell you that a lower price is better than a seller concession. Closing costs and additional fees in Houston.

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Vital Steps to Take When Purchasing Your First Home

Realty Biz

Using Online Real Estate Tools Thanks to technological advancements, searching for properties online has never been easier. Again, local market conditions determine whether you can get any seller concessions. Remember that even a slight difference in interest rates can significantly impact the overall cost of your home loan.

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What to Expect When Selling a House Within a Year of Purchase?

HomeLight

Closing costs that add up – such as HOA fees, property and transfer taxes, title insurance. Cost of mortgage interest – a strategy to help make financing more affordable for buyers. Second set of closing costs (if you’re buying a new home). Seller concessions (2% to 6% to financially help the buyer).

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What to Know About Selling a House in New York State

HomeLight

This state’s closing costs are some of the highest in the country. Sellers can expect to pay an average of 8% to 10% of the total sales price after combining all of the main costs that sellers must cover when selling a home in New York.

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How to Sell a House By Owner in Washington State: A FSBO Guide

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.

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