HomeLight

DECEMBER 2, 2021

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%.

Seller concession 122

Seller concession Staging Inspection Renovation 122

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. Title fees (1%).

Closing costs 111

Closing costs Closing Title Title search 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