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?

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Seller concession Closing costs Purchase and sale agreement Closing 128

Realtor.com

NOVEMBER 15, 2022

One type of incentive that buyers—and sellers—can use is called seller concessions. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. How do seller concessions work?

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Seller concession Purchase and sale agreement Closing costs Title search 121

Real Trends

APRIL 11, 2023

To think outside the box, some Realtors began using seller concessions. Whereas seller concessions make the home-buying process more affordable and exciting for potential buyers, while also maintaining the home and the community’s value. In some areas of the U.S., So, what do you do?

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Seller concession Closing costs Purchase and sale agreement Inspection contingency 76

Redfin

MARCH 18, 2025

When buying a home, youll likely come across the term earnest money – a deposit that shows the seller youre serious about the purchase. Or does the seller keep it? This ensures that neither the buyer nor the seller can access the money prematurely, protecting both parties during the transaction. Do you get it back?

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Closing Purchase and sale agreement Earnest money deposit Seller concession 43

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. So if your home sells for $450,000, you could spend anywhere between $27,000 to $45,000 in seller fees. Should you consider it? Source: (Kim Gorga / Unsplash).

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Closing costs Closing Seller concession Purchase and sale agreement 97

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. By following these steps, you can easily navigate the real estate market.

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Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JUNE 14, 2022

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. You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale.

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Seller concession Purchase and sale agreement Closing costs Title 110

Easy Agent Pro

SEPTEMBER 5, 2023

Carefully consider factors like inventory levels, average sale prices, and average days on the market before making decisions. Offering a Higher Earnest Money Deposit An earnest money deposit is a good faith deposit that demonstrates your seriousness and commitment to the purchase.

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Earnest money deposit Seller concession Purchase and sale agreement Pre-approval 104

Realty Biz

MARCH 27, 2022

If you want to give yourself a better chance of having your offer accepted, making it as clean and straightforward as possible will appeal to the seller. Any proposal full of contingencies or seller concessions isn’t going to look as good. Typically, the earnest money is 1% to 5% of the purchase price.

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Purchase and sale agreement Earnest money deposit Seller concession Finance 117

Realty Biz

DECEMBER 5, 2022

The home inspection contingency in a real estate contract allows the buyer to back out of the sale when there are issues. Most of the time, the problems are not significant enough for a buyer to terminate but to either negotiate the price or ask the seller to complete repairs. Best of luck with your purchase!

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Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 138

Realty Biz

JULY 6, 2023

What Is a Seller Credit? A seller credit, or a closing cost credit, is an agreement where the seller agrees to pay a portion of the buyer's closing costs. The seller credits can help alleviate the buyer's financial burden during home-buying. Often these terms are used interchangeably. Let's take a look.

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Closing costs Closing Purchase and sale agreement Seller concession 85

Realty Biz

APRIL 20, 2022

What to Know About Terms and Conditions Found in an Offer to Purchase. It will state your offer price and many other clauses that could be crucial to the success of the purchase. Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Help From the Seller.

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Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 104

HomeLight

MAY 3, 2023

Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Selling fee Typical % of sale price Real estate agent commission 5.8%

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Seller concession Purchase and sale agreement Inspection Title 111

HomeLight

MARCH 31, 2021

The last thing you want is sticker shock when you review these subtractions in your seller’s settlement statement. The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. Seller’s closing costs in Georgia. Seller concessions. Not in Atlanta?

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Closing costs Closing Purchase and sale agreement Title search 105

HomeLight

APRIL 14, 2023

In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your life. Find a Buyer's Agent What are closing costs? We’ll break down these items in more detail in the next section.

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Closing costs Closing Purchase and sale agreement Title 105

Windemere Selling

JANUARY 19, 2022

The closing process in a real estate transaction finalizes the terms of an agreement between the buyer and seller, leading to the transfer of the property’s title. Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid.

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Closing costs Closing Purchase and sale agreement Seller concession 52

HomeLight

FEBRUARY 8, 2023

Instead, she says it’s best to price a home at the market value to attract more buyers, and then multiple bids could potentially drive up the ultimate sale price. Top agents agree that it’s important for sellers to be realistic about their home’s value. That means for a $750,000 sale, the transfer tax will be $3,000.

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Purchase and sale agreement Inspection Investor Agents 105

HomeLight

NOVEMBER 30, 2022

We analyze millions of home sales to find buyer’s agents who will show you the perfect home with the right price. While old-fashioned methods of picking a real estate agent like referrals and for-sale signs are valuable in your search, the ever-evolving internet offers a wealth of immediate resources. Leverage technology.

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Agents Purchase and sale agreement Technology Seller concession 111

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Michigan are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Agents Sales 110

BAM Media

JULY 31, 2024

And as every real estate professional knows, that means practice changes due to the NAR settlement proposed agreement are fast approaching. For many, that means new forms to use with buyers and sellers. proposed buyer agreement and seller listing agreement forms. After the CFA reports, C.A.R.

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Purchase and sale agreement Pre-approval Seller concession Title 52

Windemere Buying

JUNE 22, 2022

Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates. You can accept or reject the counteroffer or come back with a counteroffer of your own, which may continue for multiple rounds until the two parties reach an agreement. Now you’re ready to close!

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Purchase and sale agreement Inspection contingency Backup offer Seller concession 52

HomeLight

DECEMBER 13, 2022

When the time comes to move, some tenacious homeowners in Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Agents Sales 105

HomeLight

APRIL 22, 2025

In this handy guide, well provide answers to some of the most common questions about managing a home sale in Florida. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. What's Your Florida Home Worth Now?

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Purchase and sale agreement Closing costs Seller concession Title 52

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 103

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Iowa are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

Purchase and sale agreement 111

Purchase and sale agreement MLS Pre-approval Agents 111

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Pennsylvania are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in the last few years — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

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Purchase and sale agreement MLS Seller disclosure Agents 110

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 102

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Although a delay in closing isn’t always the case, it’s best for both buyers and sellers to be aware of the common reasons for delayed closings. Financing issues.

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Closing Title search Purchase and sale agreement Title 63

HomeLight

NOVEMBER 14, 2022

When the time comes to move, some tenacious homeowners in New York are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Agents Pre-approval 103

HomeLight

SEPTEMBER 30, 2022

When the time comes to move, some tenacious homeowners in Wisconsin are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Agents Inspection 104

HomeLight

OCTOBER 20, 2022

In the current shifting market, sellers in Austin have several strategies to consider. End-of-year listings have historically garnered the highest sales prices in the Austin market. The cost to sell a house in Texas generally averages about 7% to 8% of the final sale price. Common expenses for home sellers in Austin.

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Seller concession Purchase and sale agreement Inspection Closing costs 110

HomeLight

NOVEMBER 7, 2022

Whether or not you’ll want to push back or negotiate with the buyer will depend on hyperlocal, recent sales trends, so consult your Realtor® to discern promising offers and know what latitude market conditions may or may not allow. The cost to sell a house in Texas generally averages about 7% to 8% of the final sale price.

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Seller concession Purchase and sale agreement Inspection Closing costs 104

HomeLight

APRIL 11, 2023

If you’re planning a home purchase in The Grand Canyon State, you may be wondering, “What’s the best time to buy a house in Arizona?” If you’re looking at the deserts, then July is the best month to purchase a home for a discounted price, according to HomeLight’s housing transaction data. That’s the key.”

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Purchase and sale agreement Agents Seller concession Inspection 104

HomeLight

NOVEMBER 10, 2022

When the time comes to move, some tenacious homeowners in Chicago are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Agents Pre-approval 105

HomeLight

OCTOBER 18, 2022

The National Association of Realtors internal data reveals a 1% of the sales price investment into home staging saw an average return on investment of 5% to 15% over the asking price. Stage the home: Making an impression on the buyer is vital to a successful sale. A properly staged home may result in: Increased sale price.

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Purchase and sale agreement Inspection Closing costs Staging 110