Housing Wire

MAY 20, 2024

While the settlement does not address this issue directly, the Department of Justice (DOJ) Statement in the Nosalek lawsuit does: Buyers would have the ability to request in their purchase offer that the sellers pay a specified amount to the buyer broker from the proceeds of the home sale. In a seller’s market, that may well occur.

Purchase and sale agreement 433

Purchase and sale agreement Agents Seller concession Closing costs 433

Housing Wire

AUGUST 14, 2024

Ralph Harvey , Jason Saphire and Ben Caballero are three of the most prolific agents in America. But these listing-only agents are still having to adjust their practices to conform with the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement that goes into effect on Saturday. “We

Agents 421

Agents Seller concession MLS As-is 421

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

MARCH 13, 2024

In a world enamored with all things digital and AI , one would think that real estate agents don’t serve any purpose, but it’s totally untrue. The theory is further dependent on every seller returning to each site following the sale to accurately enter the final sales price AND all seller concessions.

Seller concession 441

Seller concession Agents MLS Sales 441

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether?

Pre-approval 458

Pre-approval Agents Loan Officer Seller concession 458

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Purchase and sale agreement 441

Purchase and sale agreement Agents Seller concession MLS 441

Housing Wire

AUGUST 19, 2024

But even though O’Koniewski and her agents have spent months preparing for these changes, she said the date did not come without a sense of trepidation. “I Not that individual agents might be struggling or running into things, but I haven’t seen or heard any horror stories or anything awful yet.” I know quite a few agents it hurt.

Purchase and sale agreement 450

Purchase and sale agreement Agents MLS Seller concession 450

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. 17 changes , many considered it best practice to contact an agent and verify this information. “If

Seller concession 370

Seller concession MLS Agents Sales 370

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I Out in Wise, Virginia, near the westernmost tip of the state, RE/MAX Cavaliers agent Brett Tiller and his clients are also struggling to find suitable properties.

Agents 431

Agents Seller concession Marketing Days on market 431

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. They have been able to reach sales goals with relative ease for over a decade. What is reverse purchase financing?

Finance 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

FEBRUARY 9, 2021

This leaves you with three options if you want to move forward with the sale. Your real estate agent can help if you decide to go this route. Ask for seller concessions to make up for the increased price. Change your closing date to a more convenient one for the seller. Your agent can help pull these for you.

Earnest money deposit 458

Earnest money deposit Seller concession Loans Lending 458

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 128

Seller concession Closing costs Purchase and sale agreement Closing 128

Housing Wire

FEBRUARY 19, 2025

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Explain current market conditions: Is it a buyers market, sellers market, or a more balanced market?

Closing 319

Closing Due diligence Earnest money deposit Pre-approval 319

Housing Wire

MAY 30, 2024

Bright MLS , the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors ’ recent settlement of the real estate agent commission lawsuits. Bright MLS also tells agents and brokers that commissions are negotiable.

MLS 421

MLS Seller concession Agents As-is 421

Housing Wire

FEBRUARY 6, 2025

Avoid financing, and you risk missing out on a sales growth opportunity. Beyond that, Deephaven allows up to 3% seller concessions at closing. How non-QM lenders can expand referral networks Like all professionals in the mortgage and housing industries, real estate agents ultimately want to help as many clients as possible.

Loans 301

Loans Mortgages Equity Construction 301

RIS Media

MARCH 1, 2024

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.

Seller concession 128

Seller concession Marketing MLS Agents 128

Realtor.com

NOVEMBER 15, 2022

One type of incentive that buyers—and sellers—can use is called seller concessions. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. How do seller concessions work?

Seller concession 121

Seller concession Purchase and sale agreement Closing costs Title search 121

Broke Agent Media

MARCH 16, 2023

BAM Key Details: A new Redfin report shows over 45% of sellers giving concessions to incentivize buyers, with a record 13% of sales involving both price cuts and concessions. Pandemic boomtowns, led by Seattle, have seen the biggest increases in seller concessions, which are most common in Las Vegas at 51.6%

Seller concession 98

Seller concession Closing costs Sales Mortgages 98

Housing Wire

JUNE 25, 2024

Let’s take a closer look at appraisals, what they mean for a sale, and how to leverage the results to get your clients the best price possible. There are two primary reasons for home appraisals , both of which aim to ensure the rest of the sale goes smoothly. There are three stages that agents and their clients need to be aware of.

Staging 383

Staging Seller concession Finance Closing costs 383

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.

Mortgages 397

Mortgages Seller concession Fixed-rate mortgage Loans 397

Lighter Side of Real Estate

APRIL 29, 2025

What Is a Seller Concession? of home sales in the U.S. during the first quarter of 2025 included some form of seller concession. But what exactly is a seller concession? And if concessions are part of the equation, it wont catch you off guard. According to Redfin , 44.4% Thats up from 39.3%

Seller concession 90

Seller concession Closing costs Closing Inspection 90

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. said sales will go up more than 5%; and 25.2% About 47.1%

Mortgages 393

Mortgages Loan Officer Marketing Seller concession 393

Housing Wire

AUGUST 30, 2024

She believes the onus is on agents to “show up” for clients and communities rather than merely “showing off” past successes. Why is this distinction important for agents today? While these are important and have a place in marketing an agent or a brand, I think of these as “showing off.” Can you expand on that principle?

Branding 410

Branding Agents Technology Seller concession 410

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I Insurance is an expense that is expected — but nothing as substantial as we are seeing today,” said Sheryl Houck , a Tampa-based eXp Realty agent. “We From 2022 to 2023 alone, rates rose 15%.

Marketing 421

Marketing Seller concession Due diligence Days on market 421

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 76

Seller concession Closing costs Purchase and sale agreement Inspection contingency 76

Housing Wire

JANUARY 13, 2023

Training LOs and getting on sales calls with real estate agents, insurance agents and wealth managers are what Cohen is prioritizing to drum up sales in a market where he expects rates to be in the 5% levels. Kim: So would you say it’s a seller’s market right now? What does your day to day look like? .

Pre-approval 397

Pre-approval Marketing Seller concession Mortgages 397

BubbleInfo

JULY 26, 2024

Brokerages are at the crossroads – they can either encourage sales with all buyer-agents, or go the same way as C.A.R. and make it harder on them (which promotes single agency) and add blustery headlines.

Seller concession 59

Seller concession Brokerage Agents Sales 59

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs 56

Closing costs Closing Seller concession Title 56

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. While sellers in some parts of the U.S. Seller concessions hit a record in February, with 45.6% and nearly double the 25.5%

Seller concession 52

Seller concession Closing costs Sales Mortgages 52

Redfin

FEBRUARY 18, 2025

These costs are in addition to the purchase price of the home (if you’re buying) or the proceeds from the sale (if you’re selling). Specifically, it’s crucial to get a detailed breakdown of closing costs from your lender and/or real estate agent before closing. This is called a seller concession.

Closing costs 52

Closing costs Closing VA loan Seller concession 52

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. Seller credits are money the seller gives the buyer at closing.

Closing 105

Closing Seller concession Sales Closing costs 105

HomeLight

FEBRUARY 16, 2024

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. The most experienced agents know how to safeguard your earnest money and time. Here’s how you can beat a contingent offer and move one step closer to securing your future home.

Pre-qualification 115

Pre-qualification Seller concession Pre-approval Closing costs 115

Redfin

JANUARY 10, 2025

And when selling a home, more home equity often equals more flexibility youll have in timing the sale of your property. These costs can vary depending on the sale price and location of the property. Upfront costs Upfront costs generally describe expenses incurred to make the property ready and optimized for sale.

Seller concession 59

Seller concession Equity Closing costs Renovation 59

HomeLight

JUNE 16, 2022

You’re likely wondering how much you might make on the sale, but also anxious about how much it will cost to make it happen. Days on the market or DOM is the number of days a property has been on the market from the time it’s listed for sale until the house is taken off the market with a signed contract. Get Estimate.

Seller concession 109

Seller concession Closing costs Inspection Agents 109

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. Cost to seller.

Seller concession 122

Seller concession Staging Inspection Renovation 122

HomeLight

JUNE 14, 2022

Days on the market or DOM is the number of days a property has been on the market from listing until having a signed sales contract. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate.

Seller concession 119

Seller concession Closing costs Agents Closing 119

HomeLight

JUNE 14, 2022

Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. Real Estate Agent. Real Estate Agent at Compass. Your home is likely the single biggest asset you own. Santiago Valdez.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Title 110