Remove Closing Remove Days on market Remove Equity Remove Seller concession
article thumbnail

A top agent’s take on 2023 housing trends

Real Trends

There will be less price negotiation, more rate buy-downs and more seller concessions. There is more price negotiation and fewer concessions on these transactions, so we can expect to see luxury properties continue to thrive despite the cooling market. That includes the lender your homebuyers and sellers have chosen!

article thumbnail

How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

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. Accounting for your payoff amount will help you determine how much cash you’ll net after your home sale closes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Find Comps for My House: An Illustrated Guide

HomeLight

Location: Neighborhood, access to major highways or public transportation, how close it is to the school or a public park, all of these influence a home’s price. Date of sale: A home sale from three years doesn’t reflect market conditions today. Divorce attorneys could use comps to help a couple split their assets and divide up equity.

MLS 108
article thumbnail

Can I Sell a Home After Owning It 2 Years? Here Are 8 Things to Consider

HomeLight

Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. The market is the largest driver of price,” Gore says. In a seller’s market , prices typically rise, which could effectively boost equity in your home and increase appreciation.

article thumbnail

Can I Sell a Home After Owning It 1 Year?

HomeLight

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. You can build equity and lower your tax burden.”. of the loan amount.

article thumbnail

2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

“Looking ahead, whether interest rates will fall depends on two things: the strength and resiliency of the economy, and consumer behavior,” notes Matt Birdseye, Executive Vice President at Bay Equity , a Redfin company. Some well-priced homes can see multiple bidding wars, while others may sit on the market for weeks.”

article thumbnail

Sell Your House Fast in Miami: Expert Strategies for a Quick Sale

HomeLight

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. The company has 4.6

Sales 83