Remove Marketing Remove Renovation Remove Seller concession
article thumbnail

Selling your home? Make sure you’re aware of hidden costs

Housing Wire

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Home improvements and renovations are also important to buyers. Seller Concessions. A concession is when the seller agrees to pay part of a buyer’s closing costs.

article thumbnail

How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

Loans 315
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a home appraisal gap?

Housing Wire

A homebuyer’s guide to a competitive housing market. Four renovations to consider before selling your house. There’s a chance they may be willing to accept a lower offer on the home — especially if they’ve already moved out, bought another property or it’s a buyer’s market and there’s little demand for the property.

article thumbnail

How Long Should You Live in a House Before Selling? Here’s What to Consider

Redfin

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?

article thumbnail

How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

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.

article thumbnail

What Is the Average Cost to Sell a House in California?

HomeLight

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.

article thumbnail

What Is the Cost to Sell a House in Chicago?

HomeLight

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.