The Close

FEBRUARY 20, 2024

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. In this scenario, sellers have the upper hand in negotiations.

Marketing 95

Marketing Debt-to-income ratio MLS Pre-approval 95

HomeLight

JUNE 29, 2022

The sold price also may fail to reflect any seller concessions , or money the sellers had to pay to repair the garage, replace the carpet, or cover the buyer’s fees at closing. County records typically don’t indicate if any seller concessions were involved, such as credits for repairs or closing costs.

MLS 111

MLS Seller concession Sales Agents 111

HomeLight

OCTOBER 28, 2024

“It’s taking longer to sell houses because there are more houses to see,” says Chris Winstead , a top-rated San Antonio real estate agent who sells homes 40% quicker than average agents in his market. There are almost twice as many options for buyers, and that kind of lines up with the increase in days on market.”

Closing costs 59

Closing costs Seller concession Title Closing 59

HomeLight

APRIL 14, 2023

This process takes away the stress and uncertainty that comes with listing your home traditionally and dealing with buyers who come with contingencies and want seller concessions. The days on market (DOM) — number of days between listing and a signed contract — really depends on individual neighborhoods.

Sales 104

Sales Due diligence Agents Closing 104

HomeLight

APRIL 11, 2023

Similar to any market, there are a few things to look for when shopping for a home in Arizona that might land you a sweet discount on the upfront purchase. Seek concessions when negotiating the deal Seller concessions were unheard of during the pandemic housing boom, but they’ve started making a comeback as the market has rebalanced.

Purchase and sale agreement 104

Purchase and sale agreement Agents Seller concession Inspection 104

HomeLight

JULY 25, 2022

Seller concessions (2%-6%). 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. You’ll need a knowledgeable agent familiar with your market to help guide you. A possible second set of closing costs if buying a new home.

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

JULY 25, 2022

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. You’ll need a knowledgeable agent familiar with your market to help guide you. Seller concessions (2%-6%). Just be sure to set a reserve price. Overlap costs (1%-2%).

Closing costs 110

Closing costs Short sale Equity Sales 110

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

Redfin

DECEMBER 27, 2023

Median days on market soared beyond one month as the market cooled In 2023, homes spent an average of 37 days on the market , a full ten days more than 2022. In fact, by November, more than one-third of all home sellers gave concessions – down from the record 45.6% two years prior. “A

Marketing 63

Marketing Mortgages Investor New Construction 63

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