Remove Lending Remove Seller concession Remove Title search
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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. In Kentucky, for example, the buyer typically pays for both the owner’s and lender’s title insurance policy and title search. Seller concession. Percentage of home value. Real estate commission. < 1%.

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Who Pays Closing Costs When Selling a House By Owner?

HomeLight

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. Title fees (1%).

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

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.

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