Lighter Side of Real Estate

JANUARY 11, 2023

And if you even wanted your offer to get a second glance, you pretty much had to give up your rights to typical inspections. Forget about asking for any concessions from a seller! Not only are lower prices a good reason to buy now, according to this Real Deal article , sellers gave buyers concessions in 41.9

Seller concession 92

Seller concession Closing costs Inspection Mortgages 92

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

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. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission.

Closing costs 98

Closing costs Closing Seller concession Title search 98

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. Property inspections. Typical seller closing costs.

Closing costs 97

Closing costs Closing Seller concession Purchase and sale agreement 97

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? Although the down payment is not part of your closing costs, it is typically due at the same time.

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

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. Seller concessions.

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. Seller FSBO closing costs.

Closing costs 111

Closing costs Closing Title Title search 111

HomeLight

DECEMBER 2, 2021

Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Accounting for your payoff amount will help you determine how much cash you’ll net after your home sale closes.

Seller concession 122

Seller concession Staging Inspection Renovation 122

HomeLight

JUNE 16, 2022

You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Closing costs. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions might be a cost to sell a house in California.

Seller concession 109

Seller concession Closing costs Inspection Agents 109

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

HomeLight

JUNE 16, 2022

We put a plan together for the seller. You can probably expect to run into these typical expenses for home sellers in Massachusetts: Prepping your house for sale. Seller concessions. Closing costs. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Laurie Cappuccio.

Seller concession 110

Seller concession Closing costs Inspection Closing 110

HomeLight

JUNE 14, 2022

Pre-listing inspection: $279-$400, if desired or needed. Seller concessions. Seller concessions can contribute to the overall cost to sell a house in Seattle. These indirect costs may include seller concessions and buyer incentives. Covering buyers closing costs: $15,000 (approximately).

Seller concession 119

Seller concession Closing costs Agents Closing 119

Realtor.com

DECEMBER 10, 2020

But even in a seller’s market, there are myriad opportunities to negotiate, from requesting home repairs to offering a speedy closing. Tailoring your offer to meet the holistic needs of the seller is usually the best strategy getting your offer accepted,” says Ryan Dibble , chief operating officer of real estate startup Flyhomes.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

JUNE 14, 2022

You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale. Seller concessions. Closing costs. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions are another cost to sell a house in Chicago.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Title 110

HomeLight

MAY 3, 2023

“Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. You shouldn’t have to pay any fees for the inspection itself.

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

HomeLight

SEPTEMBER 27, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Seller concessions. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives, although Candelaria believes that “a lower price is better than a concession.”. Seller concessions. $0-$19,500.

Seller concession 98

Seller concession Closing costs Homeowner’s association Title 98

HomeLight

JUNE 24, 2022

In addition to the sale price, there’s a sizable list of factors that affect how much money you’ll net at closing. Total concessions or buyer incentives. Closing costs, including state and local taxes and fees. Pre-listing inspection, if desired or needed – $350 and $750. Seller concessions.

Seller concession 104

Seller concession Closing costs Inspection Homeowner’s association 104

Windemere Selling

JANUARY 19, 2022

The closing process in a real estate transaction finalizes the terms of an agreement between the buyer and seller, leading to the transfer of the property’s title. 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.

Closing costs 52

Closing costs Closing Purchase and sale agreement Seller concession 52

HomeLight

MARCH 19, 2022

Your Realtor® will be able to help explain different non-monetary contract terms that might help sweeten a deal, including: A closing date that aligns with your timeline. Few (or zero) repair requests, contingencies , or seller concessions. Communicate through the inspection and appraisal. An all-cash offer.

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Closing Due diligence Staging Agents 105

HomeLight

JULY 12, 2022

1,000 on closing costs (such as deed preparation, mortgage satisfaction fees, attorney fees, wiring fees, any local municipality fees, etc.,) An overview of expenses sellers typically encounter includes: home repairs, staging, and other prep work. concessions to the buyer made in the course of negotiations. closing costs.

Seller concession 111

Seller concession Closing costs Renovation Title search 111

HomeLight

OCTOBER 20, 2022

Pre-listing inspection, if desired or needed: $279 to $400. 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.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Inspection 110

HomeLight

MAY 31, 2022

Net proceeds represent the final amount of money a seller receives from selling a home after expenses such as commission, repairs, inspection costs, transfer fees, mortgage balance payoff, and other assorted fees are subtracted. Seller concessions: Incentives to encourage buyers to close the deal. Net proceeds.

Seller concession 124

Seller concession Closing costs Staging Sales 124

Real Trends

JULY 11, 2022

This is the traditional strategy, but in some cases their dollars can go further if they look in different areas that are close to their desired location. Concessions. You are your customer’s best advocate when it comes to evaluating seller concessions. Terms of the offer. Contingencies. Additional fees.

Seller concession 86

Seller concession Closing costs Inspection Title search 86

HomeLight

NOVEMBER 7, 2022

Manderscheid, who sells properties more than 56% quicker than the average agent in the Houston market, knows how to close the deal efficiently. Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Houston. Covering certain closing costs: $26,000-$27,625. Seller concessions. $0-$19,500.

Seller concession 104

Seller concession Purchase and sale agreement Closing costs Inspection 104

Realty Biz

APRIL 20, 2022

Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. Sometimes a seller will be willing to pay some or all of these costs to sell their home.

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Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 104

HomeLight

SEPTEMBER 15, 2022

Missing a big issue before the home inspection. Surprises might be good for parties but not home inspections. One way to protect yourself before getting an unwanted surprise is to hire your own home inspector to do a pre-listing inspection. Settling on cheap, poor-quality listing photos. Andy Peters. Real Estate Agent.

Seller concession 111

Seller concession Inspection Agents Renovation 111

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. Others perform a home inspection while their competitor skips one. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. They also offer a home listing option for home sellers.

Seller concession 115

Seller concession Inspection Rent back Closing 115

Redfin

JULY 26, 2021

Home Inspection. One of the first items is a home inspection. Specifically, this is considered a presale or pre-listing home inspection since you, as the seller, are having the inspection performed. The presale inspection will alert you to any potential issues with your house that could cause buyers to walk away.

Seller concession 71

Seller concession Closing costs Inspection Staging 71

HomeLight

NOVEMBER 10, 2021

We’re here to help you prioritize the big stuff with these recommendations for impactful pre-listing tasks that will resonate with buyers, plus a suggestion for materials and paperwork to gather now to help prevent closing delays. Make sure the windows open and close, and repair any that stick. Consider a pre-sale inspection.

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Inspection Title Seller concession Renovation 122

Realty Biz

JANUARY 19, 2024

Take a close look at your income, expenses, and existing debts. Navigating the Home Inspection and Negotiation Process Once you have put a house under contract, the next step will be the home inspection. Navigating the home inspection and negotiation process is a critical step in buying a house.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

SEPTEMBER 14, 2022

Get a pre-listing home inspection. A pre-listing inspection can reveal potential problems including missing shingles, electrical issues, or water leaks. Having a detailed report of your major systems ensures no surprises will catch you off guard when a buyer’s inspection is done. Know what’s happening in the market.

Marketing 122

Marketing Inspection Staging Seller concession 122

Realty Biz

JULY 31, 2023

Cash for the down payment, cash for closing costs, cash for repairs, cash for operating reserves. So by cleaning up your credit history, you can not only reduce your down payment, but also reduce the points you pay at the closing table. Far fewer of us actually own any rentals, having bumped up against one tall barrier to entry: cash.

Seller concession 82

Seller concession Renovation Closing costs Equity 82

HomeLight

FEBRUARY 8, 2023

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. This is typically 1%-2% of the sale price, and is negotiable between the buyer and seller.

Purchase and sale agreement 105

Purchase and sale agreement Inspection Investor Agents 105

Real Trends

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 106

Agents Seller concession Closing costs Mortgages 106

HomeLight

FEBRUARY 25, 2022

If you’ve purchased a home within the past five years, you may remember the costs associated with purchasing it, from inspection fees to closing costs. Inspection and repair fees (varies). A possible second set of closing costs if buying a new home. Seller concessions (2% – 6%). Overlap costs (1% – 2%).

Seller concession 111

Seller concession Closing costs Agents Inspection 111

Realty Biz

DECEMBER 7, 2022

Also, cutting back branches that are close to or touching the roof, will prevent damage in stormy conditions when branches fall or rub against it. Although replacing the roof may seem like a logical course of action, it may be more beneficial to negotiate a seller's concession with the home buyer.

Seller concession 98

Seller concession Inspection As-is Development 98