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Are There Disadvantages to the Seller Paying the Buyer’s Closing Costs?

HomeLight

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections.

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How to navigate the real estate market through seller concessions

Real Trends

Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. Home repairs One way of receiving seller concessions is when the seller agrees to pay for the buyer’s repair costs.

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Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

With cash, buyers are able to waive common contingencies, making the deal smoother and faster (not to mention sweeter for the seller). However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. Not enough money for closing costs.

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Ask Brian: What Does that Mean? Real Estate Jargon

Realty Biz

I’m a nurse and I understand how easy it is for people familiar with an industry to fall into the habit of using jargon and acronyms without even realizing it. Someone should probably write a translation dictionary for the real estate industry. A home inspection contingency means that no unknown major problems are found with the house.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Closing costs. Harvell says it’s important to make sure that none of the normal closing costs are included in the sales price.

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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

A great agent also has relationships across the industry. Don’t forget to budget for closing costs. Closing costs are one-time costs that go along with your home purchase, and you pay them on — you guessed it — closing day. Speaking of closing costs, you can ask the seller to pay them.

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How a Home Inspection Works When It’s Your House in the Hot Seat

HomeLight

The lender typically orders the appraisal , but requesting a home inspection is the buyer’s choice, and it’s highly recommended. Though many buyers choose to include an inspection contingency, the number often depends on the current market. Who should be present during the home inspection?