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What Are Seller Concessions? Here’s Why They’re a ‘Win-Win for Both Sides’

Realtor.com

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. How do seller concessions work?

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What your customer should know before making an offer

Real Trends

The real estate market is red hot, and with prices to match, you’ll need to provide concrete support for any offer that is made. Customers understand that the property address and a brief description are part of making an offer, but agents know there’s more to making an offer than that. Concessions. Comparable properties.

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Who Pays Closing Costs When Selling a House By Owner?

HomeLight

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Buyer’s agent fee (~3%).

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Selling a House in Delaware? You’re on the Hook for These 9 Closing Costs and More

HomeLight

In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. As a seller, you’re responsible for paying 1.5% Real estate agent commission. Seller concessions.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

Due to the overwhelmingly strong seller’s real estate market some buyers are making their offers more attractive. Instead, they will offer the seller an appraisal gap guarantee , saying the will make up the difference if the home appraisal comes in lower than the sale price. Home Sale Contingency.

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What Happens After Making an Offer on a House?

Windemere Buying

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. First, let’s take a look at the three ways a seller can respond to your offer. In return, the seller agrees to take the home off the market.

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. Since your lender will only give you what the house is worth , it’s up to you and the seller to determine how to make up the difference. You can ask the seller to lower the price. Clouds on the title.

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