HomeLight

FEBRUARY 8, 2023

Seller concessions: Depending on whether issues are found during the home inspection process, the seller may have to come up with funds at closing to cover any necessary repairs. For an older home that’s had less maintenance, it can cost hundreds or even thousands of dollars to get it ready to list and show.

Purchase and sale agreement 105

Purchase and sale agreement Inspection Investor Agents 105

HomeLight

SEPTEMBER 30, 2022

Marketing your home is time-consuming. Not having agent representation could also lead to paying more in seller concessions. In Wisconsin’s shifting market, “Condition is really going to drive days on market ,” Labus says. You’ll still have selling costs, which may include transfer and settlement fees.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

HomeLight

OCTOBER 14, 2022

With an average of 59 days on market, she sells properties 51% faster than the average agent. Forrester says Pennsylvania FSBO sellers she encounters typically choose that route “because they want to save money and they think that by not paying commission they’re going to come out ahead.”. Marketing your home is time-consuming.

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110

Realtor.com

DECEMBER 1, 2022

High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. Put simply, many potential home sellers have decided to stay put rather than list. Some areas in the United States are taking the brunt of the market downturn.

Mortgages 120

Mortgages Seller concession Closing costs Sales 120

Real Trends

JANUARY 2, 2023

You can remind your clients that paying rent is still paying a mortgage —just someone else’s. For example, homes priced at $600,000 and below are most influenced by mortgage rates. There will be less price negotiation, more rate buy-downs and more seller concessions.

Seller concession 105

Seller concession Agents Mortgages Marketing 105

HomeLight

JUNE 29, 2022

Agents use the same factors as a home appraiser because they know that if your house fails to appraise appropriately, a buyer may not get a mortgage on it, and the sale could fall through. If the appraiser says that your home’s market value is less than the offer price, the buyers can negotiate the price down or back out of the sale.

MLS 111

MLS Seller concession Sales Agents 111

HomeLight

JULY 25, 2022

Deduct your outstanding mortgage balance and any costs of selling you incurred (such as real estate commission, closing costs, title fees, repairs, prep, and staging). Gore recommends forming a team, consisting of a real estate agent, your mortgage broker, and a CPA. Seller concessions (2%-6%). Mortgage payoff (varies).

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

JULY 25, 2022

Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. Use a top agent to price it right: Pricing your home to sell may reduce the number of days on market (DOM) and allow you to cut your losses.

Closing costs 110

Closing costs Short sale Equity Sales 110

HomeLight

APRIL 11, 2023

Is it a good time to buy an Arizona house in the current market? Though average mortgage rates have significantly increased since the peak of the pandemic housing boom, median sales prices have been dropping and the number of active listings has been increasing. Somebody that the other agent or the seller is familiar with.

Purchase and sale agreement 104

Purchase and sale agreement Agents Seller concession Inspection 104