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?
Housing Wire
APRIL 12, 2023
In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. For example, a 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. a loan officer in Washington noted.
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Housing Wire
AUGUST 25, 2022
“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates. At Finance of America , reverse mortgages have been a ??
Housing Wire
OCTOBER 27, 2022
When borrowers show hesitancy due to high mortgage rates, loan officers work with options such as temporary rate buydowns, which allow homebuyers to receive lower mortgage rates at the start of their loan terms by using seller concessions as part of the payment. Demand hits 25-year low.
HomeLight
SEPTEMBER 30, 2021
If you’re financing your purchase with a mortgage loan, your new property most likely needs to undergo an appraisal to complete the transaction process. After all, the bank or institution wants to ensure they’re protecting their investment and you aren’t overpaying for your purchase. You have access to other financing options.
HomeLight
OCTOBER 30, 2020
When you still have months left until the bank starts initiating foreclosure, you have time to prep your home for sale , so that it shows well and sells for the best possible price. Sellers can always call the bank to make arrangements to avoid foreclosure. I’m behind on my mortgage payments, but not yet in foreclosure.
Redfin
MARCH 3, 2022
Although a delay in closing isn’t always the case, it’s best for both buyers and sellers to be aware of the common reasons for delayed closings. Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. Clouds on the title.
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