Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Beyond that, Deephaven allows up to 3% seller concessions at closing. Construction loans Inventory levels in the real estate market arent what they used to be.

Loans 343

Loans Mortgages Equity Construction 343

HomeLight

JULY 12, 2022

Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. For example, if a home inspection uncovers plumbing problems or electrical hazards, the sellers might offer the buyers a credit rather than spend the money to fix the problem before closing. Seller concessions.

Seller concession 111

Seller concession Closing costs Renovation Title search 111

HomeLight

APRIL 14, 2023

Agent commissions take the largest chunk out of the seller’s profits. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. But Navarro cautions that seller concessions vary by county in California because the real estate markets differ. “In

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

HomeLight

NOVEMBER 10, 2021

Unless they’re buying brand-new construction , buyers consider your home “used” and wonder how soon they’ll have to replace or repair something, such as a major appliance. Sellers typically pay between 6%-10% of the final sale price in closing costs to cover: Agent commissions. Seller concessions. Recording fees.

Inspection 122

Inspection Title Seller concession Renovation 122

HomeLight

AUGUST 28, 2020

I’ve never purchased a home without the seller paying at least 3%,” he adds. In fact, Boyles says it’s common for builders to offer points for new constructions as a way to incentivize buyers. A seller concession may be the best of both worlds for the savvy homebuyer. Plus, it rarely hurts to ask!

Mortgages 98

Mortgages Loan Officer Loans Seller concession 98

HomeLight

MAY 28, 2021

While deals and seller concessions may be tough to come by, there are a few things you can do to make a competitive offer. Covered or enclosed patios are typically options with new construction, so if you opt for one, expect adding approximately $30,000 to the purchase price.

Inspection 93

Inspection Seller concession Pre-approval Agents 93

Redfin

DECEMBER 27, 2023

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). New construction fell as builders were left stuck with inflated inventory There were 1.41 million privately-owned new homes built in the U.S.

Marketing 66

Marketing Mortgages Investor New Construction 66