Housing Wire
FEBRUARY 6, 2025
Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Beyond that, Deephaven allows up to 3% seller concessions at closing. Construction loans Inventory levels in the real estate market arent what they used to be. Why is that important?
HomeLight
APRIL 14, 2023
Agent commissions take the largest chunk out of the seller’s profits. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. But Navarro cautions that seller concessions vary by county in California because the real estate markets differ. “In
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Marco Santarelli
AUGUST 2, 2024
Potential Long-Term Effects on Housing Supply The long-term consequences of these shifting dynamics may lead to: Decrease in New Construction : Builders may become reluctant to break ground on new developments due to uncertainty about future market conditions. Q7: How can high interest rates lead to decreased home construction?
HomeLight
NOVEMBER 10, 2021
Unless they’re buying brand-new construction , buyers consider your home “used” and wonder how soon they’ll have to replace or repair something, such as a major appliance. Sellers typically pay between 6%-10% of the final sale price in closing costs to cover: Agent commissions. Seller concessions. Prorated property taxes.
Redfin
MARCH 4, 2025
Reasons for home values decreasing include market conditions, increased or poorly managed construction, increased number of foreclosures, and natural disasters, among others. FAQs about home equity Can you have negative equity? Yes, you can have negative equity.
HomeLight
MAY 28, 2021
While deals and seller concessions may be tough to come by, there are a few things you can do to make a competitive offer. Homes were built in 2005, with new neighborhoods currently under construction. Like many beach towns across the country, the market in Myrtle Beach is hyperlocal and competitive.
HomeLight
AUGUST 28, 2020
I’ve never purchased a home without the seller paying at least 3%,” he adds. In fact, Boyles says it’s common for builders to offer points for new constructions as a way to incentivize buyers. A seller concession may be the best of both worlds for the savvy homebuyer. Plus, it rarely hurts to ask!
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