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

Redfin

FEBRUARY 18, 2025

Home inspection fees: The cost to professionally check the property is up-to-code and in good, habitable condition. Seller concessions (up to 4%) Now, let’s talk about seller concessions. This is called a seller concession. What can seller concessions be used for?

Closing costs 52

Closing costs Closing VA loan Seller concession 52

RIS Media

FEBRUARY 29, 2024

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. Negotiations can include the purchase price, closing costs and contingencies.

Seller concession 130

Seller concession Closing costs Closing As-is 130

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

HomeLight

JUNE 16, 2022

You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions might be a cost to sell a house in California.

Seller concession 109

Seller concession Closing costs Inspection Agents 109

HomeLight

JUNE 16, 2022

You can probably expect to run into these typical expenses for home sellers in Massachusetts: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. ” You may not have to make concessions to complete the sale of your home.

Seller concession 110

Seller concession Closing costs Inspection Closing 110

HomeLight

JUNE 14, 2022

Pre-listing inspection: $279-$400, if desired or needed. Seller concessions. Seller concessions can contribute to the overall cost to sell a house in Seattle. These indirect costs may include seller concessions and buyer incentives. “The Seller concessions. Selling expense.

Seller concession 119

Seller concession Closing costs Agents Closing 119

HomeLight

JUNE 14, 2022

You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions are another cost to sell a house in Chicago. Closing costs.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Title 110

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

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

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. Property survey.

Closing costs 98

Closing costs Closing Seller concession Title search 98

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.

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

HomeLight

SEPTEMBER 27, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Seller concessions. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives, although Candelaria believes that “a lower price is better than a concession.”. Seller concessions. $0-$19,500.

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

Pre-listing inspection, if desired or needed – $350 and $750. Seller concessions. During the contingency period , negotiations between buyers and sellers usually take place that sometimes result in concessions or incentives in the buyer’s favor. Seller concessions. per square foot.

Seller concession 104

Seller concession Closing costs Inspection Homeowner’s association 104

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.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

OCTOBER 20, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Austin. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Austin agents will tell you that a lower price is better than a seller concession.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Inspection 110

HomeLight

JULY 12, 2022

Pre-listing inspection, if desired or needed: $279-$400. Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. Typically, those discussions occur between the initial offer and the signing of the contract , after the inspection and/or after the appraisal.

Seller concession 111

Seller concession Closing costs Renovation Title search 111

HomeLight

MAY 31, 2022

Net proceeds represent the final amount of money a seller receives from selling a home after expenses such as commission, repairs, inspection costs, transfer fees, mortgage balance payoff, and other assorted fees are subtracted. Seller concessions: Incentives to encourage buyers to close the deal. Seller concessions.

Seller concession 124

Seller concession Closing costs Staging Sales 124

HomeLight

NOVEMBER 7, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Houston. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Houston agents will tell you that a lower price is better than a seller concession.

Seller concession 104

Seller concession Purchase and sale agreement Closing costs Inspection 104

Real Trends

JULY 11, 2022

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Concessions. Contingencies.

Seller concession 85

Seller concession Closing costs Inspection Title search 85

HomeLight

JANUARY 31, 2025

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. Attorney fees: Some states require a real estate attorney to review and finalize closing documents.

Closing costs 104

Closing costs Closing Title Seller concession 104

HomeLight

SEPTEMBER 15, 2022

Missing a big issue before the home inspection. Surprises might be good for parties but not home inspections. One way to protect yourself before getting an unwanted surprise is to hire your own home inspector to do a pre-listing inspection. Settling on cheap, poor-quality listing photos.

Seller concession 111

Seller concession Inspection Agents Renovation 111

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 29, 2021

Seller concessions. Sellers may owe money at closing for financing concessions they agreed to pay for during the negotiation process to help close the sale. Examples of concessions include cash to cover closing costs, repairs, and home warranties. One of the most common seller concessions is repair credits.

Closing costs 85

Closing costs Closing Seller concession Homeowner’s association 85

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

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

Redfin

JULY 26, 2021

Home Inspection. One of the first items is a home inspection. Specifically, this is considered a presale or pre-listing home inspection since you, as the seller, are having the inspection performed. The presale inspection will alert you to any potential issues with your house that could cause buyers to walk away.

Seller concession 71

Seller concession Inspection Closing costs Staging 71

HomeLight

NOVEMBER 10, 2021

You’ll better coordinate steps such as a pre-listing inspection and preliminary title report before your house hits the market (more on those below). “I Consider a pre-sale inspection. Sellers typically pay between 6%-10% of the final sale price in closing costs to cover: Agent commissions. Seller concessions.

Inspection 122

Inspection Title Seller concession Renovation 122

Realty Biz

JANUARY 19, 2024

Navigating the Home Inspection and Negotiation Process Once you have put a house under contract, the next step will be the home inspection. Navigating the home inspection and negotiation process is a critical step in buying a house. The inspection report will provide valuable insights into potential issues that need attention.

Debt-to-income ratio 100

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

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. But beyond this similarity, how do they stack up? Trustpilot : 4.6

Seller concession 115

Seller concession Inspection Rent back Closing 115

HomeLight

MARCH 31, 2021

If fees are annual, Burnett shares that some sellers prorate the fee according to the time of the sale , while others cover the fee for the buyer as a concession or deal sweetener. Seller concessions. The average cost for a termite bond falls between $500 and $2,000.

Closing costs 105

Closing costs Closing Purchase and sale agreement Title search 105

HomeLight

SEPTEMBER 14, 2022

Get a pre-listing home inspection. A pre-listing inspection can reveal potential problems including missing shingles, electrical issues, or water leaks. Having a detailed report of your major systems ensures no surprises will catch you off guard when a buyer’s inspection is done. Know what’s happening in the market.

Marketing 122

Marketing Inspection Staging Seller concession 122

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

HomeLight

NOVEMBER 10, 2021

General and specialized inspections ($350 for general, $100 for special): Most buyers opt to hire a professional inspector to look under the hood of a home before they cement their purchase. Some fees may be negotiated or split between buyer and seller in a FSBO transaction. Negotiated or split fees. attorney fees ($500).

Closing costs 111

Closing costs Closing Title Title search 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

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.

Seller concession 98

Seller concession Inspection As-is Development 98