Housing Wire

APRIL 12, 2023

In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. For example, a 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession.

Mortgages 415

Mortgages Loan Officer Marketing Seller concession 415

Housing Wire

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Nicole Rueth, Branch Manager and SVP of national mortgage lending company The Rueth Team , recently demonstrated it best. Rate buy-downs are another option I recommend in this market. Let’s use $10,000 as an example.

Agents 435

Agents Seller concession Closing costs Mortgages 435

HomeLight

DECEMBER 2, 2021

Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. 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

McKissock

JUNE 14, 2022

If income growth is not in sync with home price growth, many borrowers borrow against the bubble by increasing their household debt to purchase a home, especially if mortgage rates are low (keeping mortgage payments lower) and mortgage lending is relatively relaxed. Increase in seller concessions.

Seller concession 75

Seller concession Marketing Lending Renovation 75

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

Real Trends

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Nicole Rueth, Branch Manager and SVP of national mortgage lending company The Rueth Team , recently demonstrated it best. Rate buy-downs are another option I recommend in this market. Let’s use $10,000 as an example.

Agents 105

Agents Seller concession Closing costs Mortgages 105

Realtor.com

DECEMBER 10, 2020

Make sure to attend and review the findings of the home inspection,” says Steve Kaminski , head of residential lending at TD Bank. “It’s 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

HomeLight

APRIL 17, 2024

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. With their mortgage lending services, they also make money from fees and interest charged. How do Offerpad and Opendoor make money?

Seller concession 115

Seller concession Inspection Rent back Closing 115

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

HomeLight

NOVEMBER 30, 2022

Lending emotional support during the process. Other ways agents can help with affordability, he says, is coming up with other possible solutions such as buying down the interest rate, negotiating seller concessions, and encouraging saving more for the down payment. Matching your objectives with how much you can spend.

Agents 111

Agents Purchase and sale agreement Technology Seller concession 111

Redfin

MARCH 3, 2022

It’s used to determine how much you can borrow and assures the lender that they aren’t lending more than what the home is worth. To avoid a delayed closing, you can ask the seller to complete the repairs before purchasing the home (if they can be done quickly) or request some form of seller concession to offset the cost of repairs.

Closing 63

Closing Title search Purchase and sale agreement Title 63

Housing Wire

OCTOBER 29, 2024

According to Wang, sellers who have also been buyers in recent years — barring them from filing claims against the settling parties as buyers if they are part of the settlement class — would be better off if they could bring claims under state consumer protection statutes or false advertising statutes.

Brokerage 448

Brokerage Seller concession MLS As-is 448

HomeLight

APRIL 29, 2022

HomeLight works with your agent to make an offer on your current home, so you can make an offer on a new home with no lending or home sale contingency. If you list on Opendoor, they generally estimate a 5% service charge, 1% closing costs, and 0%-2% seller concession costs. Trade-In allows you to close and move on your timeline.

Agents 105

Agents MLS Home sale contingency Closing 105