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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. Staging Costs. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. Seller Concessions.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. We do not want to, as we already have a vehicle through the sellersconcession. Assisting homebuyers and their agents adds more to an LO’s plate.

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Demystifying home appraisals

Housing Wire

There are three stages that agents and their clients need to be aware of. Stage 1: Preparing for the home appraisal First, if you represent buyers making an offer on a home, it’s vital to include an appraisal contingency in the offer. This stage is critical. When this happens, it’s time to ask for some seller concessions.

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Game of chicken: Private MLSs stare down DOJ over settlement terms

Housing Wire

REsides, an independently owned MLS based in South Carolina, has a similar comment box that can be used for seller concessions. Defendants in the Batton cases, both of which are in the pretrial stage , have filed motions to dismiss. The DOJ isn’t the only remaining legal threat to the real estate industry.

MLS 482
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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Seller concessions. Home staging and preparation. But in Texas, the seller customarily pays for the owner’s policy while the buyer pays for the lender’s policy. Seller concession. Agreeing to pay 2% toward a buyer’s closing costs on a $450,000 home sale would result in a $9,000 seller concession.

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What Is the Cost to Sell a House in Texas?

HomeLight

What are common expenses for home sellers in Texas? Staging: $78 to $109 per hour , or about $7,765 for a 2,000-square-foot home. Seller concessions. A concession occurs when a seller agrees to use part of the proceeds from their home sale to cover some, or all, of a buyer’s closing costs. Selling expense.

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What Is the Cost to Sell a House in Massachusetts?

HomeLight

You can probably expect to run into these typical expenses for home sellers in Massachusetts: Prepping your house for sale. Seller concessions. Staging the house: $2,300. Seller concessions. Seller concessions are indirect costs that you may offer to the buyer to make your home more attractive.