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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Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. Instead of markets dramatically favoring sellers, they are becoming more balanced.

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Realty Biz

APRIL 20, 2022

Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. This contingency gives you a way to back out of the deal with your earnest money if the home inspector finds some serious issues.

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Windemere Selling

JANUARY 19, 2022

Closing Costs for Buyers Typical mortgage-related closing costs for buyers include an application fee, an underwriting fee, and prepaid interest (the accrued interest cost between your settlement date and first monthly payment). Two main property-related closing costs for buyers are the appraisal and the home inspection.

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HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Kauffman confirms that seller credits are an important building block of the negotiation process.

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HomeLight

JUNE 24, 2022

Here are some of the most common ones: Mortgage balance pay-off amount. Total concessions or buyer incentives. Depending on whether you have a mortgage and how much balance is remaining, this item will likely be the single largest deduction from the sale price. Pre-listing inspection, if desired or needed – $350 and $750.

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Windemere Buying

JUNE 22, 2022

The timeline for inspections during the closing process vary state to state. Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer. When the sale closes, the money goes toward the down payment or closing costs.

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