Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

Industrial 397

Industrial Marketing Seller concession Sales 397

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Marketing 493

Marketing Loan Officer Loans Seller concession 493

Housing Wire

FEBRUARY 6, 2025

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 306

Loans Mortgages Equity Construction 306

RIS Media

MARCH 1, 2024

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.

Seller concession 128

Seller concession Marketing MLS Agents 128

Realty Biz

JUNE 22, 2021

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

Seller concession 128

Seller concession Closing costs Purchase and sale agreement Closing 128

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

Housing Wire

NOVEMBER 5, 2024

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. Going forward, Telford is expecting even more variation in seller concessions and agent compensation due to the terms of the NAR settlement.

Seller concession 370

Seller concession MLS Agents Sales 370

Housing Wire

APRIL 12, 2023

LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Of the 155 completed surveys, 32.3% of the respondents were from the Southwest, 21.3%

Mortgages 415

Mortgages Loan Officer Marketing Seller concession 415

Housing Wire

MARCH 13, 2024

The centerpiece of this concept is the belief that sellers have the time and the money and are willing to spend the requisite amount of both to market their property effectively. Complete market exposure would involve about 25 more sites. How does that help the consumer? More research adds weight to that question.

Seller concession 468

Seller concession Agents MLS Sales 468

Realtor.com

NOVEMBER 15, 2022

Getty Images In a real estate transaction, both the buyer and the seller are looking to maximize their bottom line. This means navigating the highs and lows of the real estate market and strategizing ways to improve the terms of the deal on the table. One type of incentive that buyers—and sellers—can use is called seller concessions.

Seller concession 121

Seller concession Purchase and sale agreement Closing costs Title search 121

Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Maximum Exposure Real Estate

JUNE 7, 2021

The post Seller’s Concessions: What is a Seller Concession and How Do They Work appeared first on Massachusetts Real Estate Exposure. Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make purchasing the home […].

Seller concession 142

Seller concession Closing costs Finance Closing 142

Broke Agent Media

MARCH 16, 2023

BAM Key Details: A new Redfin report shows over 45% of sellers giving concessions to incentivize buyers, with a record 13% of sales involving both price cuts and concessions. Pandemic boomtowns, led by Seattle, have seen the biggest increases in seller concessions, which are most common in Las Vegas at 51.6%

Seller concession 98

Seller concession Closing costs Sales Mortgages 98

Housing Wire

MAY 14, 2024

We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession. The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We

Seller concession 488

Seller concession Brokerage Agents Development 488

Housing Wire

MARCH 25, 2024

While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Purchase and sale agreement 468

Purchase and sale agreement Agents Seller concession MLS 468

Housing Wire

OCTOBER 21, 2022

Lenders, including United Wholesale Mortgage and Rocket Mortgage Pro TPO , launched temporary rate buydowns that allow borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Lender roadmap: Driving success in a difficult market.

Seller concession 370

Seller concession Mortgages Loans Finance 370

Housing Wire

FEBRUARY 9, 2021

A homebuyer’s guide to a competitive housing market. 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. Ask for seller concessions to make up for the increased price.

Earnest money deposit 482

Earnest money deposit Seller concession Loans Lending 482

Housing Wire

JULY 4, 2024

As Gen-Z enters the housing market , many say they’ve given up on buying a home. Some blame millennials and some blame boomers, while others say that, in fact, boomers are the ones who faced the toughest headwinds when entering the housing market. There’s a lot of finger-pointing and very few solutions.

Pre-qualification 476

Pre-qualification Pre-approval Seller concession Finance 476

Housing Wire

MAY 30, 2024

Bright said that extending the time frame for “coming soon” listings increases an agent’s ability to customize the marketing of a property based on their client’s instructions. Ahead of these changes, Bright MLS will introduce a new field for seller concessions on June 11.

MLS 448

MLS Seller concession Agents As-is 448

Housing Wire

JANUARY 25, 2023

The company notified its clients earlier this month that based on the S&P CoreLogic Case-Shiller US National Home Price NSA Index’s projected decline, the housing market has fallen out of favor with Goldman Sachs. The company is eyeing the San Jose, Austin, Phoenix, and San Diego markets in particular.

Seller concession 418

Seller concession Investor Mortgages Land 418

Housing Wire

AUGUST 14, 2024

Saphire, who like Harvey only lists properties on the MLS, but also offers additional al a carte services such as contract review, transaction coordination and negotiation coaching for additional fees, has also adjusted how he is educating sellers on offering commissions to buy-side agents.

Agents 448

Agents Seller concession MLS As-is 448

Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. Last week, it launched temporary rate buydowns , allowing borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. .

Seller concession 397

Seller concession Equity Loans Mortgages 397

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said.

Pre-approval 418

Pre-approval Marketing Seller concession Mortgages 418

Housing Wire

MAY 20, 2024

Similarly, the seller agreement would state the services provided by the listing broker, their compensation and whether the listing broker is authorized to offer compensation to buyer brokers or advertise seller concessions to buyers. In a seller’s market, that may well occur.

Purchase and sale agreement 462

Purchase and sale agreement Agents Seller concession Closing costs 462

Housing Wire

FEBRUARY 19, 2025

Set the stage: Educate your clients on the market This is your time to shine! Show off your real estate knowledge by educating your buyers on what the market is like in your area. Explain current market conditions: Is it a buyers market, sellers market, or a more balanced market?

Closing 337

Closing Earnest money deposit Due diligence Pre-approval 337

Housing Wire

NOVEMBER 16, 2022

“By adding the buydown feature to our Smart Series, we feel that we’re expanding our ability to help potential buyers and sellers come together.”. Rate buydowns have become an attractive option for homebuyers in a market with soaring mortgage rates and still-high home prices.

Seller concession 397

Seller concession Mortgages Lending Loans 397

Housing Wire

SEPTEMBER 16, 2022

For Rocket Pro TPO, home sellers or real estate agents will be funding the program, similar to a buydown program rival United Wholesale Mortgage launched last month. UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage.

Mortgages 418

Mortgages Seller concession Fixed-rate mortgage Loans 418

Housing Wire

APRIL 8, 2024

to 2,058 loans in March, an increase helped by new case numbers and slightly telegraphed by recent industry sentiments, according to data compiled by Reverse Market Insight (RMI). Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% The refi opportunity may be smaller, but it’s still present, Lunde said. “It’s

Mortgages 458

Mortgages Seller concession Loans Equity 458

Housing Wire

MARCH 14, 2024

The slightly more upscale single-family listings for move-up buyers with children looking for their forever home just aren’t coming on the market right now, and demand is still very high.” For Matt Salway in the Virginia Beach metro area, the tight inventory conditions are creating a rather hot market.

Agents 459

Agents Seller concession Marketing Days on market 459

Housing Wire

MARCH 6, 2024

to 1,900 loans in February, a drop telegraphed by lagging case numbers and sluggish endorsement activity in January, according to data compiled by Reverse Market Insight (RMI). There may also be some easy, repeatable practices you can take from higher-volume regions that haven’t been fully explored in smaller markets yet.

Mortgages 465

Mortgages Seller concession Principal Loans 465

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? As Realtors, we had to think creatively to help our sellers sell their homes. To think outside the box, some Realtors began using seller concessions. You are certainly not alone. In some areas of the U.S., In some areas of the U.S.,

Seller concession 76

Seller concession Closing costs Purchase and sale agreement Inspection contingency 76

Inman

JULY 18, 2024

The attorney and broker dives into the nuances of seller concessions, steering, buyer agents' jobs, and avoiding future antitrust trouble ahead of his appearances at Inman Connect Las Vegas.

Seller concession 183

Seller concession Industrial Agents MLS 183

Housing Wire

FEBRUARY 2, 2024

This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS issuance data from public Ginnie Mae data and private sources compiled by New View Advisors. HECM volume, inbound inquiries HECM endorsements fell on a per-unit basis by 1.7%, according to RMI , to 2,153 loans for the month of January.

Mortgages 435

Mortgages Seller concession Loans Finance 435

Housing Wire

JUNE 25, 2024

After years of a market that favored sellers, the pendulum is slowly swinging back in favor of buyers. Compared to years past when homes sold in hours for thousands above asking, 41% of millennials expect to negotiate with sellers , 26% of whom expect to lower their prices.

Staging 396

Staging Seller concession Finance Closing costs 396

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Seller concession 200

Seller concession MLS Brokerage Agents 200

Housing Wire

AUGUST 19, 2024

Another wrinkle is that not all agents, brokerages or sellers are handling offers of buyer broker compensation the same way. Although O’Koniewski acknowledges that some agents may take a similar route to Pettinelli, she has told her agents to view seller concessions as “totally irrelevant.” “It

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476