Housing Wire
JANUARY 10, 2023
“Buyers are asking sellers for things that were unheard of during the past few years,” said Van Welborn, a Phoenix-based Redfin real estate agent, in a prepared statement. Recently, one of Welborn’s buyers negotiated a $10,000 credit for a new roof and other repairs along with a lower asking price for the home.
Housing Wire
JANUARY 17, 2024
The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?
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Housing Wire
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.
Housing Wire
SEPTEMBER 16, 2022
For Rocket Pro TPO, home sellers or real estate agents will be funding the program, similar to a buydown program rival United Wholesale Mortgage launched last month. UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage.
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.
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.
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.
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