Housing Wire

OCTOBER 16, 2023

Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Let’s use $10,000 as an example.

Agents 397

Agents Seller concession Closing costs Mortgages 397

Real Trends

OCTOBER 16, 2023

Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Let’s use $10,000 as an example.

Agents 99

Agents Seller concession Closing costs Mortgages 99

Realty Biz

JULY 31, 2023

Cash for the down payment, cash for closing costs, cash for repairs, cash for operating reserves. The higher the risk of the borrower defaulting, the more the lender must charge to justify the risk, and the less money they’ll lend against the same collateral. But you then need to renovate the property, which costs money.

Seller concession 81

Seller concession Closing costs Renovation Equity 81

HomeLight

APRIL 17, 2024

If you accept Offerpad’s Express Cash Offer, you’ll pay a service fee that is 5% of the offer price plus 1% in closing costs. Their Flex List with Confidence, which allows you to list and keep their offer on hold, charges 6% plus an estimated 1% in buyer’s concessions. How do Offerpad and Opendoor make money?

Seller concession 97

Seller concession Inspection Rent back Closing 97

HomeLight

DECEMBER 2, 2021

Accounting for your payoff amount will help you determine how much cash you’ll net after your home sale closes. Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. According to Caldwell, today’s buyers look for turnkey homes, not sweat equity. Seller concession.

Seller concession 112

Seller concession Staging Inspection Renovation 112

HomeLight

APRIL 29, 2022

HomeLight works with your agent to make an offer on your current home, so you can make an offer on a new home with no lending or home sale contingency. Trade-In allows you to close and move on your timeline. If you list on Opendoor, they generally estimate a 5% service charge, 1% closing costs, and 0%-2% seller concession costs.

Agents 89

Agents MLS Closing Home sale contingency 89