Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. And under existing FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 458

VA loan Agents Seller concession FHA loan 458

Realty Biz

JULY 6, 2023

Two common strategies sellers use to entice potential buyers are offering a closing cost credit or a price reduction. What Is a Seller Credit? A seller credit, or a closing cost credit, is an agreement where the seller agrees to pay a portion of the buyer's closing costs.

Closing costs 86

Closing costs Closing Purchase and sale agreement Seller concession 86

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Seller credits are money the seller gives the buyer at closing.

Closing 90

Closing Seller concession Sales Closing costs 90

Realty Biz

JULY 31, 2023

Cash for the down payment, cash for closing costs, cash for repairs, cash for operating reserves. Charge Renovation Costs on Your Credit Card When you buy a fixer-upper, you pay less up front for the property, which means a lower down payment and lower closing costs than comparable turnkey properties in the same neighborhood.

Seller concession 81

Seller concession Closing costs Renovation Equity 81

HomeLight

JUNE 29, 2022

Once it’s under contract, a home appraiser will assess your home’s value on behalf of the mortgage lender financing the home — using a comps analysis of their own. Different loan types have different guidelines and criteria that the appraiser must meet,” says Swecker. Who else uses real estate comps? City websites.

MLS 108

MLS Seller concession Agents Sales 108