Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession 59

Seller concession Equity Closing costs Renovation 59

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? How is home equity calculated?

Equity 35

Equity Loans Seller concession Short sale 35

HomeLight

DECEMBER 2, 2021

We detail what costs you’re likely to incur and what sellers pay on average. Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Seller concessions.

Seller concession 122

Seller concession Staging Inspection Renovation 122

Real Trends

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. I’ll explain later.) Rate buy-downs are another option I recommend in this market.

Agents 105

Agents Seller concession Closing costs Mortgages 105

HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Selling fee Typical % of sale price Real estate agent commission 5.8% Real estate agent commission (5.8%) One of the first things you should do when you decide to sell your home is hire a top local agent.

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

Realty Biz

JULY 31, 2023

The idea is that you create enough equity when you renovate the property to then take a cash-out refinance once renovations are finished. Negotiate a Seller Concession As my grandfather taught me growing up, you don’t get what you deserve in life; you get what you negotiate. Not all sellers will consider it, of course.

Seller concession 82

Seller concession Renovation Closing costs Equity 82

Redfin

JUNE 10, 2025

This can create a significant hurdle in real estate transactions, particularly for those navigating the market with Redfin’s platform and agents. This guide offers clear, actionable steps and tailored insights for both buyers and sellers facing an appraisal challenge.

Purchase and sale agreement 31

Purchase and sale agreement Seller concession Finance Closing costs 31

HomeLight

APRIL 14, 2023

A Top California Agent Can Reduce Your Costs Partner with a top California buyer’s agent who can help you navigate your homebuying journey and reduce the final amount you’ll pay at closing. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

HomeLight

FEBRUARY 25, 2022

The five year rule is not hard and fast — in fact, some real estate agents don’t even refer to it as such. Life happens, but there are options other than selling to help you build up enough equity in your home before putting it on the market. Seller concessions (2% – 6%). Real Estate Agent. Overlap costs (1% – 2%).

Seller concession 111

Seller concession Closing costs Inspection Agents 111

Redfin

JUNE 9, 2025

This protects both buyers and lenders —buyers avoid overpaying and starting with negative equity, while lenders ensure the home is valuable enough to back the loan. If you own other property, tapping into home equity could help cover the gap. Talk to your Redfin agent early in the process. The good news? You have options.

Purchase and sale agreement 31

Purchase and sale agreement Seller concession Finance Equity 31

HomeLight

SEPTEMBER 30, 2021

According to California real estate agent Ed Kaminsky , an appraisal is a “verification process” that the market did its job and the market value for your home is accurate. If they are unwilling to budge on price, you can also renegotiate seller concessions. MLS printouts of these comps with sales data and seller concessions.

Pre-approval 98

Pre-approval Seller concession Finance Banks 98

HomeLight

APRIL 17, 2024

They also estimate 1% in seller concessions if you list with them, but there’s no cancellation fee. In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. It’s worth it to talk to an experienced agent and see what they could do for you. Better Business Bureau : 3.1

Seller concession 115

Seller concession Inspection Rent back Closing 115

HomeLight

SEPTEMBER 10, 2022

In this post, along with researched data, we’ll share valuable insights from Sherry Wiggs , a top-performing real estate agent from Westchester County , New York. Wiggs is an expert in the industry, working with 70% more single-family homes than the average Yonkers area agent. Consult With an Experienced Agent in Your Market.

Closing costs 111

Closing costs Agents Seller concession Closing 111

HomeLight

MARCH 13, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. Recently, a blazing hot real estate market and steep rise in equity adds extra incentive to maximize profits. Learn More.

MLS 105

MLS Agents Mortgage pre-approval letter Sales 105

HomeLight

OCTOBER 11, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Iowa real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 111

Purchase and sale agreement MLS Pre-approval Agents 111

HomeLight

OCTOBER 11, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Michigan real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 110

Purchase and sale agreement MLS Agents Sales 110

HomeLight

DECEMBER 8, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Washington State real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Inspection 105

HomeLight

OCTOBER 1, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Ohio real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 111

MLS Pre-approval Agents Sales 111

HomeLight

OCTOBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Pennsylvania real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110

HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Oregon real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Inspection 105

HomeLight

APRIL 13, 2023

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the previously hot Kansas real estate market and a steep rise in equity added extra incentives to maximize profits.

MLS 105

MLS Agents Sales Mortgage pre-approval letter 105

HomeLight

NOVEMBER 21, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Louisiana real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Land 105

HomeLight

SEPTEMBER 30, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Wisconsin real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

HomeLight

DECEMBER 13, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Virginia real estate market and a steep rise in equity added extra incentives to maximize profits.

Purchase and sale agreement 105

Purchase and sale agreement MLS Agents Sales 105

HomeLight

NOVEMBER 23, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot West Virginia real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 104

MLS Agents Sales Closing 104

HomeLight

NOVEMBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New York real estate market and a steep rise in equity added extra incentives to maximize profits.

Purchase and sale agreement 103

Purchase and sale agreement MLS Agents Pre-approval 103

HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 103

Purchase and sale agreement MLS Pre-approval Agents 103

HomeLight

NOVEMBER 21, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 102

Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

OCTOBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Illinois real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 102

MLS Agents Sales Mortgage pre-approval letter 102

Redfin

JUNE 28, 2022

While most people fixate on the 6 percent real estate agent fee , the cost of selling your home is actually more. Seller concessions. If you haven’t built adequate equity in your home, it may not make financial sense to sell. Find the right real estate agent for you. Landscaping and lawn care. Potential tax bill.

Staging 63

Staging Renovation Closing costs Agents 63

Redfin

DECEMBER 27, 2023

Home prices remained fairly stable in Detroit and even rose in some areas,” says Anne Loehr , a Detroit Redfin agent. Looking ahead, whether interest rates will fall depends on two things: the strength and resiliency of the economy, and consumer behavior,” notes Matt Birdseye, Executive Vice President at Bay Equity , a Redfin company.

Marketing 66

Marketing Mortgages Investor New Construction 66

HomeLight

JULY 12, 2022

Besides your mortgage payoff, homeowners typically incur a number of costs in selling a home — whether they work with an agent or offer the property for sale by owner (FSBO). Real Estate Agent. Real Estate Agent at Compass. Research shows sellers usually recoup about 50% to 70% spent on major renovations. Michael Kennedy.

Seller concession 111

Seller concession Closing costs Renovation Title search 111

HomeLight

JULY 25, 2022

The average length of home ownership has shrunk to just seven years, according to Brad Gore , a top agent who works with 74% more single-family homes than the average Branson, Missouri, agent. Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value.

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

JULY 25, 2022

The most common reason for selling a house after one year is job relocation, according to Brad Gore , a top agent who works with 74% more single-family homes than the average Branson, Missouri, agent. You can sell a home whenever you want, but expect financial consequences if you have little equity in it. A family emergency.

Closing costs 110

Closing costs Short sale Equity Sales 110

HomeLight

JUNE 29, 2022

Before contacting a real estate agent, you had no idea how much your house was worth , or how much you could make in a home sale. Agents — and appraisers — use these factors to identify comps. An experienced agent would select a home of similar vintage to price your property. Real Estate Agent. Collier Swecker.

MLS 111

MLS Seller concession Sales Agents 111

Real Trends

JANUARY 2, 2023

Real estate is a roller coaster for most agents: tough market conditions, personnel issues and fierce competition can leave any agent or other entrepreneur feeling defeated. An increasing number of agents are exiting the industry because of these roller coaster conditions. What’s ahead in 2023. Other changes on the horizon.

Seller concession 105

Seller concession Agents Mortgages Equity 105

HomeLight

OCTOBER 30, 2020

“The best advice I can give to sellers facing foreclosure is don’t wait till the last minute. Don’t wait until your foreclosure is 30 days away from the sell date,” says Bethany Mendoza , top real estate agent in the Modesto, California area who’s helped clients navigate selling their home to avoid foreclosure.

Short sale 105

Short sale Banks Equity Mortgages 105