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.

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VA loan Agents Seller concession FHA loan 456

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?

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Seller concession Purchase and sale agreement Closing costs Title search 121

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?

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Seller concession Closing costs Purchase and sale agreement Closing 126

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?

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Pre-approval Agents Loan Officer Seller concession 420

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.,

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Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

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.

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Seller concession Closing costs Sales Mortgages 52

Maximum Exposure Real Estate

JUNE 7, 2021

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” and wondered what it meant? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price.

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Seller concession Closing costs Finance Closing 115

Housing Wire

JANUARY 17, 2024

Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception.

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Finance Seller concession Loan Officer Loans 448

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. Seller Concessions. Are you thinking about selling your home?

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Seller concession Closing costs Staging Inspection 546

Housing Wire

NOVEMBER 1, 2022

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. How does a 2/1 rate buydown work? What are the pros and cons?

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Seller concession Loan Officer Closing costs Mortgages 441

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.

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Agents Seller concession Closing costs Mortgages 404

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.

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Pre-qualification Seller concession Pre-approval Closing costs 90

The Close

DECEMBER 14, 2023

Gross commission income (GCI) is the full amount of money a real estate agent may receive in exchange for representing a buyer, seller, or both in a real estate transaction. But there’s much more to understanding this key calculation and why it matters to every real estate agent. Price negotiations can also affect your GCI.

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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. Rocket Mortgage will be covering the difference in mortgage payments in the first 12 months through a special escrow account.

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Mortgages Seller concession Fixed-rate mortgage Loans 397

Housing Wire

FEBRUARY 9, 2021

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. You can also: Offer to split the difference. Offer free lease-back, letting them stay in the home while they find their new place.

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Earnest money deposit Seller concession Loans Lending 458

HomeLight

MARCH 5, 2024

In this post, we’ll provide clear insights and examples to help you decide if requesting a seller assist is the right strategy for your home purchase. A Top Agent Can Find the Right Deal For You HomeLight can connect you with a top-performing, trusted agent who has the experience to find you the right house at the right price.

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Seller concession Closing costs Title Closing 67

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%. Lead generation ranked as the third biggest hurdle at 15.5%

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Mortgages Loan Officer Marketing Seller concession 336

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 99

Agents Seller concession Closing costs Mortgages 99

Real Trends

NOVEMBER 2, 2022

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. How does a 2/1 rate buydown work? What are the pros and cons?

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Seller concession Loan Officer Closing costs Mortgages 107

Easy Agent Pro

SEPTEMBER 5, 2023

By becoming familiar with local market dynamics, setting realistic budget goals, and working alongside an experienced real estate agent, you can position yourself as a powerful and informed buyer. A larger deposit can give the seller confidence in your ability to close the deal and may make your offer more enticing compared to others.

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Earnest money deposit Seller concession Purchase and sale agreement Pre-approval 76

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.

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Seller concession Mortgages Agents Industrial 52

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. With this, local home prices escalated, pricing out local residents and contributing to price drops and seller concessions.

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Housing Wire

NOVEMBER 23, 2022

Rocket Mortgage has also launched a lender-funded 1-0 rate buydown, dubbed the “inflation buster” program, as well as a seller- or real estate agent-funded 1-0 rate buydown from its wholesale arm Rocket Pro TPO. Erica Davis, Guild Mortgage loan originator and home buyer.

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Marketing Loan Officer Seller concession Loans 473

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.

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Mortgages Agents Seller concession Finance 154

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.

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Industrial Mortgages Finance Agents 185

HomeLight

NOVEMBER 1, 2021

To explore the potential drawbacks of paying for buyer closing costs as the seller, we spoke with Tara Limbird , an Arkansas-based agent who heads a team of real estate pros that was nationally ranked at the top one half of 1% of Realtors®. Typical seller closing costs. Real estate agent commissions. Appraisal fee.

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Closing costs Closing Seller concession Purchase and sale agreement 72

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.

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Seller concession Agents Mortgages Equity 99

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.

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Seller concession Agents MLS Sales 441

Windemere Selling

JANUARY 19, 2022

Working with a Buyer’s Agent will help you stay organized as you navigate through these crucial final steps of your home purchase. Image Source: Getty Images – Image Credit: PeopleImages Closing Costs for Sellers The seller will pay the agent commissions on the sale, typically to both the buyer’s agent and the listing agent.

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Closing costs Closing Purchase and sale agreement Seller concession 52

Realty Biz

DECEMBER 5, 2022

When a buyer wants to continue with the transaction, they will ask the seller for some concessions. Here are the steps you need to take: Meet With Your Real Estate Agent to Review The Inspection Report. Once the report from your home inspector has been obtained, send a copy to your real estate agent.

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Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 137

Real Trends

JULY 11, 2022

Customers understand that the property address and a brief description are part of making an offer, but agents know there’s more to making an offer than that. Concessions. You are your customer’s best advocate when it comes to evaluating seller concessions. Terms of the offer. Education here is key.

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Seller concession Closing costs Inspection Title search 79

Broke Agent Media

MARCH 20, 2023

But, in other markets, things are starting to shift for buyers—so much in some, that there’s even been an increase in seller concessions. Danielle Hale Realtor.com Chief Economist Takeaways for Real Estate Agents The current real estate market is complex and varied across the country.

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Marketing Seller concession Industrial Agents 98

HomeLight

APRIL 29, 2021

It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. We’ll break down seller closing costs with insight from Peggy Centrella , a top Delaware real estate agent ranked in the top 5% of real estate agents in her market area. Real estate agent commission.

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Closing costs Closing Seller concession Homeowner’s association 60

Realtor.com

DECEMBER 1, 2022

. “Demand is low,” says Brandy Aguirre , a real estate agent at Home Key Realty in the metro Phoenix area. ” Can seller concessions balance out rate hikes? Sellers might not think it’s the best time to list homes, but could it be a good time for home shoppers to buy?

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Mortgages Seller concession Closing costs Sales 120

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.

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Agents Seller concession Marketing Days on market 406

RIS Media

FEBRUARY 28, 2022

Flyhomes launched a national expansion as ‘Flyhomes for Agents,’ rolling out in several states.”. iBuyer “prep and repairs” fees drop: Called a seller concession, they decreased in 2021 to an average of 3.1% Knock continued its expansion from three markets at the end of 2019 to 71 markets in 2021.

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Seller concession Loan contingency Mortgages Loans 80

Realty Biz

MARCH 27, 2022

If you want to give yourself a better chance of having your offer accepted, making it as clean and straightforward as possible will appeal to the seller. Any proposal full of contingencies or seller concessions isn’t going to look as good. Consulting with your real estate agent on what has been typical will be crucial.

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Purchase and sale agreement Earnest money deposit Seller concession Finance 116