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

Seller concession 98

Seller concession Closing costs Inspection Mortgages 98

Redfin

FEBRUARY 20, 2025

However, there are some costs associated with selling your home, like repairs, staging, and pre-listing inspections, that may also need to be paid before closing. How much are closing costs for sellers? On average, sellers typically pay between 6% and 10% of the homes sale price in total closing costs.

Closing costs 56

Closing costs Closing Seller concession Title 56

HomeLight

DECEMBER 2, 2021

In this guide, we dive deep into what costs sellers should expect to pay. Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. We detail what costs you’re likely to incur and what sellers pay on average. Cost to seller. Seller concessions.

Seller concession 122

Seller concession Staging Inspection Renovation 122

Redfin

MARCH 18, 2025

Think of it as a good-faith payment that tells the seller youre committed. This deposit is usually between 1% and 3% of the homes purchase price, but the amount can vary based on the local market and the agreement between you and the seller. You received seller concessions or lender credits.

Closing 43

Closing Purchase and sale agreement Earnest money deposit Seller concession 43

HomeLight

JUNE 16, 2022

Days on the market or DOM is the number of days a property has been on the market from the time it’s listed for sale until the house is taken off the market with a signed contract. While the market in California is still hot for sellers, there has been a decrease in the number of homes sold. Seller concessions.

Seller concession 109

Seller concession Closing costs Inspection Agents 109

HomeLight

JUNE 16, 2022

With the roaring housing market of the last couple of years, home prices are hitting all-time highs. Days on the market or DOM is the number of days a property has been on the market, from the time it’s listed until the home is taken off the market with a signed contract. Seller concessions. Get Estimate.

Seller concession 110

Seller concession Closing costs Inspection Closing 110

HomeLight

JUNE 14, 2022

Days on the market or DOM is the number of days a property has been on the market from listing until having a signed sales contract. The Seattle market continues to sizzle with a DOM of just 33 days. The Seattle market continues to sizzle with a DOM of just 33 days. Pre-listing inspection: $279-$400, if desired or needed.

Seller concession 119

Seller concession Closing costs Agents Closing 119

Redfin

JANUARY 10, 2025

Deciding when to sell your home is a major decision that can be influenced by many factorsfinancial, personal, and market-driven. Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. How long should you live in your home before selling?

Seller concession 59

Seller concession Equity Closing costs Renovation 59

HomeLight

JUNE 14, 2022

Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. Chicago didn’t have the huge spike in pricing that some of the markets throughout the states [had]. Santiago Valdez.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Title 110

HomeLight

SEPTEMBER 14, 2022

When home prices and mortgage rates fluctuate it can make your head spin, especially if you need to sell a house in a down market. To help you navigate a shifting housing market, we spoke with real estate agent Mari Slobounov, who is a business partner with the top-producing Lynn Holley Real Estate Group in Madison, Wisconsin.

Marketing 122

Marketing Inspection Staging Seller concession 122

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. Kauffman confirms that seller credits are an important building block of the negotiation process.

Closing 105

Closing Seller concession Sales Closing costs 105

HomeLight

MAY 3, 2023

Staging and prep costs 1%-4% Inspections and repairs varies Title, settlement, and taxes 1%-3% Seller concessions 0%-6% Get a Free Home Value Estimate Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes. Enter your address to get started.

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

HomeLight

JANUARY 29, 2021

Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. Seller concessions. Pre-listing home inspection.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

SEPTEMBER 27, 2022

After new home sales set records in 2021 , the Texas housing market cooled in recent months, generally seeing decreases for homes under $400,000 that offset increases for homes priced over $750,000. With values and markets changing so dramatically, now may be a good time to check up on your home value. Seller concessions.

Seller concession 98

Seller concession Closing costs Homeowner’s association Title 98

HomeLight

NOVEMBER 1, 2021

To explore the potential drawbacks of paying for buyer closing costs as the seller, we spoke with Tara Limbird , an Arkansas-based agent who heads a team of real estate pros that was nationally ranked at the top one half of 1% of Realtors®. Buyers and sellers generally pay for their own closing costs — but everything’s negotiable.

Closing costs 97

Closing costs Closing Seller concession Purchase and sale agreement 97

HomeLight

JUNE 24, 2022

One of the first steps in assessing how much money you’ll keep after selling your house, is determining its possible market value. Contacting a local agent in your market is the most effective way of finding a true market evaluation,” says Marissa Papa , a Connecticut real estate agent with 18 years of experience. Get Estimate.

Seller concession 104

Seller concession Closing costs Inspection Homeowner’s association 104

Redfin

AUGUST 23, 2023

However, the process can also be intricate and overwhelming, especially when it comes to understanding the nuances of home inspections. If you’re looking to buy a home in Baltimore, MD , the significance of a comprehensive home inspection cannot be overstated. Why should you get a home inspection in Maryland? Let’s get started.

Inspection 59

Inspection Seller concession Due diligence Renovation 59

Realtor.com

DECEMBER 10, 2020

“In most parts of the country, sellers often have multiple bids right now,” says Danielle Samalin , CEO of Framework Homeownership. “In In this market, trying to negotiate a sales price probably won’t get you far.”. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip.

Closing costs 142

Closing costs Inspection Closing Rent back 142

The Close

FEBRUARY 20, 2024

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.

Marketing 98

Marketing Debt-to-income ratio MLS Pre-approval 98

HomeLight

MAY 31, 2022

In recent years, we’ve experienced a seller’s market – and many homeowners have been eager to take advantage of the situation. Nevertheless, despite rising interest rates and creeping inflation, the housing market continues to enjoy favorable pricing, largely due to low inventory. Seller concessions: $1,875 (0.5%).

Seller concession 124

Seller concession Closing costs Staging Sales 124

HomeLight

JANUARY 31, 2025

Examples of common closing costs Lets take a closer look at the specific fees sellers and buyers might encounter. Sellers are responsible for these fees if an attorney is involved in the transaction. Seller concessions: If negotiated, the seller may agree to pay part of the buyers closing costs, also known as a seller assist.

Closing costs 104

Closing costs Closing Title Seller concession 104

Real Trends

JULY 11, 2022

The real estate market is red hot, and with prices to match, you’ll need to provide concrete support for any offer that is made. Concessions. You are your customer’s best advocate when it comes to evaluating seller concessions. In a busy housing market, closing may not occur for 60 days or more.

Seller concession 85

Seller concession Closing costs Inspection Title search 85

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.

Purchase and sale agreement 104

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 104

HomeLight

APRIL 14, 2023

Your California dream home has just come on the market, and you’re eager to make an offer. 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. The rate could go from 7% to 6.5%

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

HomeLight

APRIL 29, 2021

It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. We’ll break down seller closing costs with insight from Peggy Centrella , a top Delaware real estate agent ranked in the top 5% of real estate agents in her market area. Seller concessions.

Closing costs 85

Closing costs Closing Seller concession Homeowner’s association 85

HomeLight

NOVEMBER 10, 2021

If you consider your kids’ toys and art projects, old bathroom toiletries, and stacks of mail — you may realize that you’ve been storing many items that you could re-home or discard right away to prepare for putting the house on the market. Consider a pre-sale inspection. However you find your agent, be selective in who you pick.

Inspection 122

Inspection Title Seller concession Renovation 122

Redfin

JULY 26, 2021

The housing market can vary day-to-day due to local factors such as supply and demand in your area and larger macro-economic factors such as how the U.S. This can be determined by having a comparative market analysis (CMA) completed on your home. . Home Inspection. One of the first items is a home inspection.

Seller concession 71

Seller concession Inspection Closing costs Staging 71

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Request Offer Editors note: Opendoor and Offerpad provide an option to list your home on the market. But beyond this similarity, how do they stack up?

Seller concession 115

Seller concession Inspection Rent back Closing 115

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. Their expertise and experience in the real estate market can be invaluable, especially for first-time homebuyers who may not be familiar with the intricacies of the process. An excellent buyer's agent will guide you based on current market conditions.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

NOVEMBER 10, 2021

And it’s typical for sellers to pay that fee within the current real estate market. Plus, when a seller isn’t working with an agent, the buyer’s agent may end up carrying more of the weight to get the deal to the finish line. Some fees may be negotiated or split between buyer and seller in a FSBO transaction.

Closing costs 111

Closing costs Closing Title Title search 111

Real Trends

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

Agents 105

Agents Seller concession Closing costs Mortgages 105

HomeLight

FEBRUARY 8, 2023

In a shifting housing market, the prospect of entering into a major real estate transaction can seem daunting — especially if you’re unsure about the steps involved. If you’re selling on the open market in New York State, choosing the right price is one of the most important steps. Looking to sell a home in New York State?

Purchase and sale agreement 105

Purchase and sale agreement Inspection Investor Agents 105

Windemere Selling

JANUARY 19, 2022

Two main property-related closing costs for buyers are the appraisal and the home inspection. A home inspection provides the buyer with a clear understanding of the home’s condition and what repairs need to be made, either in the future or before closing.

Closing costs 52

Closing costs Closing Purchase and sale agreement Seller concession 52

Realty Biz

DECEMBER 7, 2022

Although replacing the roof may seem like a logical course of action, it may be more beneficial to negotiate a seller's concession with the home buyer. It is not unusual to be able to get a buyer to take a reduced concession off the price of the house or as a credit vs. doing a roof replacement. Final Thoughts.

Seller concession 98

Seller concession Inspection As-is Development 98

HomeLight

FEBRUARY 25, 2022

The key thing for people to do is to gain knowledge of their market,” says Studebaker. Life happens, but there are options other than selling to help you build up enough equity in your home before putting it on the market. Vacation homes do well in states like Studebaker’s market, which is in a year-round warm part of the country.

Seller concession 111

Seller concession Closing costs Inspection Agents 111

Realty Biz

JULY 31, 2023

Cosmetic updates make a great first place to start, but once you get into structural or trade repairs like rewiring an old house, you start needing to pull permits from the local housing authority, suffer through inspections, and coordinate repairs with multiple specialist contractors rather than one single crew.

Seller concession 82

Seller concession Renovation Closing costs Equity 82

HomeLight

MAY 28, 2021

Like many beach towns across the country, the market in Myrtle Beach is hyperlocal and competitive. While deals and seller concessions may be tough to come by, there are a few things you can do to make a competitive offer. Moisture is a pest magnet, and Dawson recommends a termite inspection whenever possible.

Inspection 93

Inspection Seller concession Pre-approval Agents 93