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What Are Seller Concessions? Here’s Why They’re a ‘Win-Win for Both Sides’

Realtor.com

This means navigating the highs and lows of the real estate market and strategizing ways to improve the terms of the deal on the table. One type of incentive that buyers—and sellers—can use is called seller concessions. How do seller concessions work?

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What your customer should know before making an offer

Real Trends

The real estate market is red hot, and with prices to match, you’ll need to provide concrete support for any offer that is made. You are your customer’s best advocate when it comes to evaluating seller concessions. Asking for concessions in a buyer’s market is a good strategy if the seller wants a quick sale.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

When you understand these terms and conditions, you’re more likely to structure your offer in a manner that will be appealing to the seller. Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency.

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Selling a House in Delaware? You’re on the Hook for These 9 Closing Costs and More

HomeLight

As a seller, your home sale price and proceeds are very different numbers. In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. Reconveyance fee. Attorney fees.

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What Happens After Making an Offer on a House?

Windemere Buying

The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient. The seller makes a counteroffer: Counteroffers can make buying a home feel like a chess match. This is an indication that your offer has piqued the seller’s interest.

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Who Pays Closing Costs When Selling a House By Owner?

HomeLight

If a buyer uses an agent, a seller may also be asked to pay all or part of the buyer’s agent commission. Let’s say a buyer has a strong advocate as an agent while the seller has no representation — in that event, the seller could end up shouldering a larger portion of closing costs than they expected to. Buyer’s agent fee (~3%).

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. Since your lender will only give you what the house is worth , it’s up to you and the seller to determine how to make up the difference. Give your loan officer full disclosure from the start – tell us everything.

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