Housing Wire

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. We’re not competing, and inventory out there is now up for some negotiating on things like pricing, inspection, and rate buydowns. Rate buy-downs are another option I recommend in this market.

Agents 435

Agents Seller concession Closing costs Mortgages 435

HomeLight

DECEMBER 2, 2021

Cost to seller. Seller concessions. Home pre-inspection. But in Texas, the seller customarily pays for the owner’s policy while the buyer pays for the lender’s policy. Seller concession. If the buyer finances the home purchase, their lender typically caps seller concessions.

Seller concession 122

Seller concession Staging Inspection Renovation 122

Realtor.com

DECEMBER 10, 2020

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. Just remember: It’s not a given that the sellers will be willing to budge. Time to close.

Closing costs 142

Closing costs Inspection Closing Rent back 142

Realty Biz

JULY 31, 2023

The higher the risk of the borrower defaulting, the more the lender must charge to justify the risk, and the less money they’ll lend against the same collateral. Negotiate a Seller Concession As my grandfather taught me growing up, you don’t get what you deserve in life; you get what you negotiate.

Seller concession 82

Seller concession Renovation Closing costs Equity 82

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. Like Opendoor, they typically perform a home inspection before finalizing their offer. They also estimate 1% in seller concessions if you list with them, but there’s no cancellation fee. They buy homes and make money off the fees that they charge sellers.

Seller concession 115

Seller concession Inspection Rent back Closing 115

Real Trends

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. We’re not competing, and inventory out there is now up for some negotiating on things like pricing, inspection, and rate buydowns. Rate buy-downs are another option I recommend in this market.

Agents 105

Agents Seller concession Closing costs Mortgages 105

HomeLight

NOVEMBER 10, 2021

Third-party appraisal ($400-$600): If the buyer is using a mortgage to purchase the home, the lender will require a third-party appraisal to confirm the home’s fair market value and determine what they’re willing to lend. Some fees may be negotiated or split between buyer and seller in a FSBO transaction. Negotiated or split fees.

Closing costs 111

Closing costs Closing Title Title search 111