HomeLight

DECEMBER 2, 2021

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. Source: (Clay Banks / Unsplash). home sales price of $453,300, as reported by the Federal Reserve Bank of Saint Louis.

Seller concession 106

Seller concession Staging Inspection Renovation 106

Realty Biz

SEPTEMBER 4, 2023

Either way, you get to use owner-occupied financing, which means a down payment as low as 3%. You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession.

Earnest money deposit 85

Earnest money deposit Seller concession Investor Hard money loan 85

Realty Biz

MAY 24, 2021

Either way, you get to use owner-occupied financing, which means a down payment as low as 3%. You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession.

Earnest money deposit 126

Earnest money deposit Seller concession Investor Hard money loan 126

HomeLight

MARCH 23, 2022

Once you decide to buy a home, looking into your financing options should be one of the first steps. In the preapproval process, you’ll usually submit documentation of your financial details, which can include bank statements, W-2s, a credit check, two years of tax returns, verification of your down payment funds, and more.

Pre-approval 90

Pre-approval Marketing Inspection Finance 90

HomeLight

OCTOBER 30, 2020

Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company. If you’re wondering, “Can I sell my home if it is in foreclosure?” Your gut instinct may be to ignore the problem and let it fester, hoping it’ll just go away.

Short sale 103

Short sale Banks Equity Mortgages 103

HomeLight

NOVEMBER 30, 2022

Overseeing the next steps once an offer is accepted — helping with financing approval, keeping track of timelines, explaining the inspection report. If you still need more references, or if you don’t have any by the interview stage, this is the time to ask. See related story: Can a Realtor Represent Both the Seller and Buyer?

Agents 107

Agents Purchase and sale agreement Technology Seller concession 107

HomeLight

SEPTEMBER 10, 2022

Cost of mortgage interest – a strategy to help make financing more affordable for buyers. You may find other alternatives that are a better fit for your situation, such as: Rent out your home: You might need to sell but don’t have enough equity or money to pay the seller’s fees in order to complete the transaction.

Closing costs 86

Closing costs Agents Seller concession Closing 86