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How to navigate the real estate market through seller concessions

Real Trends

Agents, has the fluctuating market made it more difficult to close deals this past year? As Realtors, we had to think creatively to help our sellers sell their homes. To think outside the box, some Realtors began using seller concessions. You are certainly not alone. In some areas of the U.S., So, what do you do?

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What are Closing Costs?

Windemere Selling

Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid. Learn more about the costs of buying and selling a home here: 10 Costs Associated with Buying a Home 10 Costs Associated with Selling Your Home What are closing costs?

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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. So if your home sells for $450,000, you could spend anywhere between $27,000 to $45,000 in seller fees. Property inspections. Typical seller closing costs.

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Selling a House in Delaware? You’re on the Hook for These 9 Closing Costs and More

HomeLight

As a seller, your home sale price and proceeds are very different numbers. You’ll need to subtract your closing costs to determine how much money you’ll walk away with after the sale. So, what are closing costs in Delaware? In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause.

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What Happens After Making an Offer on a House?

Windemere Buying

In return, the seller agrees to take the home off the market. When the sale closes, the money goes toward the down payment or closing costs. The timeline for inspections during the closing process vary state to state. Now you’re ready to close! You’ll also pay closing costs at this time.

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16 Tips to Win a Bidding War on a House

The Close

That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. That showed the sellers that my clients were more invested and serious about purchasing the home. But every little concession is important when you’re in a bidding war on a house. In fact, I suggest quite the opposite.