Realty Biz

JUNE 22, 2021

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

Seller concession 126

Seller concession Closing costs Purchase and sale agreement Closing 126

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? As Realtors, we had to think creatively to help our sellers sell their homes. To think outside the box, some Realtors began using seller concessions. You are certainly not alone. In some areas of the U.S., In some areas of the U.S.,

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

Housing Wire

MAY 14, 2024

Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. Even after navigating the climate of higher mortgage rates and a dearth of available listings, 82% of recent buyers had regrets about their purchase, Clever reported.

Seller concession 456

Seller concession Agents Brokerage Mortgages 456

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. But the fact is, most people simply don’t know that a new home can be purchased with a reverse mortgage.

Finance 432

Finance Seller concession Loan Officer Loans 432

Broke Agent Media

MAY 31, 2023

of home sales during the three months ending April 30 involved seller concessions—just under February’s record high of 45.6% While sellers in some parts of the U.S. are offering freebies to attract buyers, thanks to the dampening effect of high mortgage rates, sellers in markets with severe housing shortages don’t need to.

Seller concession 52

Seller concession Closing costs Sales Mortgages 52

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Generally speaking, a buydown is a real estate financing technique that makes it easier for a borrower to qualify for a mortgage with a lower interest rate.

Seller concession 433

Seller concession Loan Officer Closing costs Mortgages 433

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

Agents 394

Agents Seller concession Closing costs Mortgages 394

Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. Rocket Mortgage will be covering the difference in mortgage payments in the first 12 months through a special escrow account.

Mortgages 393

Mortgages Seller concession Fixed-rate mortgage Loans 393

Housing Wire

JUNE 10, 2021

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. 5 reasons to refinance your mortgage right now. Seller Concessions.

Seller concession 546

Seller concession Closing costs Staging Inspection 546

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4% Of the total, 36.1%

Mortgages 319

Mortgages Loan Officer Marketing Seller concession 319

Inman

APRIL 22, 2024

Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer's agents' commissions.

Mortgages 156

Mortgages Agents Seller concession Finance 156

Inman

APRIL 17, 2024

Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission. But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage.

Industrial 177

Industrial Mortgages Finance Agents 177

HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Partner With a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated local real estate agent familiar with non-contingent offers. Get Started 1.

Pre-qualification 98

Pre-qualification Seller concession Pre-approval Closing costs 98

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. 5 reasons to refinance your mortgage right now. Your real estate agent can help if you decide to go this route. Ask for seller concessions to make up for the increased price. Your agent can help pull these for you.

Earnest money deposit 450

Earnest money deposit Seller concession Loans Lending 450

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Marketing 464

Marketing Loan Officer Seller concession Loans 464

Broke Agent Media

JANUARY 13, 2023

Next up was the favorable jobs report and the Fed’s less than bullish response to it, followed by openly bearish Goldman Sachs projections and the increase in seller concessions. . Tune in to hear advice from both on what agents should be doing to prepare sellers and keep their clients well-informed. 00:00 – 01:59 Intro.

Seller concession 52

Seller concession Mortgages Agents Industrial 52

Real Trends

NOVEMBER 2, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Generally speaking, a buydown is a real estate financing technique that makes it easier for a borrower to qualify for a mortgage with a lower interest rate.

Seller concession 107

Seller concession Loan Officer Closing costs Mortgages 107

Real Trends

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

Agents 99

Agents Seller concession Closing costs Mortgages 99

Housing Wire

JANUARY 13, 2023

Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages. Read on for more about Cohen’s business strategies for 2023, his take on the housing market and what mortgage products to pay attention to this year.

Pre-approval 383

Pre-approval Marketing Seller concession Mortgages 383

HomeLight

JUNE 16, 2022

It’s usually easier to sell a home when you partner with a reliable agent. A top real estate agent from California, Robert Lopez, who’s an agent with Team Z , explains the value a real estate agent brings to your home sale, “Your agent takes on photography and marketing. Seller concessions.

Seller concession 90

Seller concession Closing costs Inspection Agents 90

HomeLight

JUNE 14, 2022

Real Estate Agent. Real Estate Agent at Compass. The average DOM in Chicago suggests a stable market for buyers and sellers. Santiago Valdez is a HomeLight Elite Agent who sells homes more than 56% quicker than the average Chicago agent. Seller concessions. Buyer’s agent fee $10,950 (3%).

Seller concession 95

Seller concession Purchase and sale agreement Closing costs Title 95

HomeLight

JUNE 16, 2022

A top real estate agent from Massachusetts with nearly 30 years of experience, Laurie Cappuccio , explains the market, “We see a little bit of a slow down with increasing interest rates, but I have a listing now, and I’m getting multiple offers. We put a plan together for the seller. Real Estate Agent. Transactions.

Seller concession 92

Seller concession Closing costs Inspection Closing 92

HomeLight

JUNE 14, 2022

What are common expenses for home sellers in Seattle? Ann Nordling , a top real estate agent from Seattle who works with over 70% more single-family homes than the average area agent, notes the cost to sell a house in Seattle will vary on a case-by-case basis within a changing market. Buyer’s agent fee: $22,127-$26,553.

Seller concession 106

Seller concession Closing costs Agents Closing 106

Realtor.com

DECEMBER 1, 2022

High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. Put simply, many potential home sellers have decided to stay put rather than list. ” Can seller concessions balance out rate hikes?

Mortgages 120

Mortgages Seller concession Closing costs Sales 120

HomeLight

SEPTEMBER 27, 2022

Nevertheless, Gina Candelario , a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, says sales are good and it’s still a seller’s market. To illustrate, if you sold your Texas Craftsman home for $325,000, the seller’s costs could range from $22,750 to $26,000.

Seller concession 73

Seller concession Closing costs Homeowner’s association Title 73

Broke Agent Media

MARCH 28, 2023

The dichotomy of the current market has some areas seeing multiple offers flood in while others are experiencing a slower pace and a rise in seller concessions. Because homeowners are unwilling to let go of low mortgage rates, they’re not listing homes for sale. High mortgage rates. Low inventory. High home prices.

Seller concession 98

Seller concession Marketing Sales Industrial 98

HomeLight

MAY 31, 2022

Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Next, we did some research and spoke with Jesse Allen , a top agent who sells over 50% more quickly than the average Jeffersonville , Indiana, agent, in order to break down how to calculate how much money you might walk away with after selling your home.

Seller concession 120

Seller concession Closing costs Staging Sales 120

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 115

Seller concession Staging Inspection Renovation 115

HomeLight

MAY 3, 2023

“Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. It’s customary for the seller to pay both.)

Seller concession 107

Seller concession Purchase and sale agreement Inspection Title 107

HomeLight

JANUARY 29, 2021

Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. You’re still likely on the hook for the buyer’s agent commission.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

JULY 12, 2022

Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% 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.

Seller concession 101

Seller concession Closing costs Renovation Title search 101

Realty Biz

JULY 31, 2023

They add up quickly – two points on a $300,000 mortgage come to $6,000 in origination fees alone! 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. Second, investors can house hack.

Seller concession 80

Seller concession Closing costs Renovation Equity 80

HomeLight

JUNE 24, 2022

Contacting a local agent in your market is the most effective way of finding a true market evaluation,” says Marissa Papa , a Connecticut real estate agent with 18 years of experience. It’s a very prudent part of the process as an experienced agent can provide a comparative market analysis.”. Agent commission.

Seller concession 86

Seller concession Closing costs Inspection Homeowner’s association 86

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 99

Seller concession Agents Mortgages Equity 99

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? Data courtesy of FRED.

Marketing 66

Marketing Mortgages Investor New Construction 66

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

Closing costs 96

Closing costs Closing Purchase and sale agreement Title 96

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. You can both apply for a mortgage loan for a new purchase and refinance an existing mortgage. Trustpilot : 4.6

Seller concession 103

Seller concession Inspection Rent back Closing 103