Rochester Real Estate

NOVEMBER 5, 2015

What are seller concessions? Depending on what type of financing the potential purchaser is obtaining, the option to receive seller concessions may or may not exist. Seller concessions allow a home owner to contribute a percentage or dollar amount towards a buyer’s closing costs and/or pre-paid items.

Purchase and sale agreement

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

Redfin

MARCH 3, 2022

“Most title companies and attorneys don’t accept personal checks over $500, sometimes less. Make sure you know in advance how you will be getting a bank check or wire transfer, so you’re able to close on time. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear.

Closing

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