Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? As Realtors, we had to think creatively to help our sellers sell their homes. To think outside the box, some Realtors began using seller concessions. You are certainly not alone. In some areas of the U.S., In some areas of the U.S.,

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Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. Instead of markets dramatically favoring sellers, they are becoming more balanced.

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Redfin

MARCH 18, 2025

But what actually happens to that money once the deal closes? Or does the seller keep it? This Redfin article will break down exactly what happens to your earnest money at closing, and what to expect in different scenarios. What happens to earnest money at closing? It can cover part of your closing costs.

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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

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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? This guide provides an easy overview of closing costs, who pays them, and how much you can expect to pay. Get Started What are closing costs?

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HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Seller credits are money the seller gives the buyer at closing.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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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.

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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.

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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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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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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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%).

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