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. retail residential mortgage applications.

Mortgages 349

Mortgages Fixed-rate mortgage Loan Officer Seller concession 349

Housing Wire

AUGUST 25, 2022

The company also launched temporary rate buydowns, which allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgages 385

Mortgages Equity Loans Seller concession 385

Realtor.com

DECEMBER 10, 2020

Make sure to attend and review the findings of the home inspection,” says Steve Kaminski , head of residential lending at TD Bank. “It’s Better to move forward with the home inspection, and then use the findings as a potential bargaining chip.

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

NOVEMBER 23, 2022

Not having agent representation could also lead to paying more in seller concessions. However, cautions Raymond, “It’s a good start, but you also have to remember that the bank (financing a buyer’s loan) is going to do their own appraisal. This does not necessarily give the seller a free pass, however.

MLS 79

MLS Agents Sales Closing 79

HomeLight

MAY 25, 2023

Not having agent representation could also lead to paying more in seller concessions. Richter cautions FSBO sellers that private appraisals may differ from bank appraisals. “I Marketing your home is time-consuming. You’ll still have selling costs, which may include transfer taxes and settlement fees.

MLS 81

MLS Pre-approval Agents Sales 81

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Overpricing or underpricing.

MLS 66

MLS Agents Sales Proof of funds 66

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. However, Richter cautions FSBO sellers that private appraisals may differ from bank appraisals. “I Marketing your home is time-consuming. You’ll still have selling costs, which may include transfer taxes and settlement fees.

Purchase and sale agreement 74

Purchase and sale agreement MLS Pre-approval Agents 74