Broke Agent Media

MAY 31, 2023

of home sales during the three months ending April 30 involved seller concessions—just under February’s record high of 45.6% While sellers in some parts of the U.S. are offering freebies to attract buyers, thanks to the dampening effect of high mortgage rates, sellers in markets with severe housing shortages don’t need to.

Seller concession 52

Seller concession Closing costs Sales Mortgages 52

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan 456

VA loan Agents Seller concession FHA loan 456

Housing Wire

APRIL 8, 2024

After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news. But case numbers are a strong indicator of future industry performance, and new case number data for February performed strongly, RMI said.

Mortgages 383

Mortgages Seller concession Loans Equity 383

Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Rocket launched a similar product in September.

Seller concession 363

Seller concession Mortgages Loans Finance 363

RIS Media

FEBRUARY 29, 2024

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. Negotiations can include the purchase price, closing costs and contingencies. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits.

Seller concession 130

Seller concession Closing costs Closing As-is 130

Housing Wire

MARCH 6, 2024

Industry remains optimistic Every tracked geographic region recorded lower volume in February, but the largest — Pacific/Hawaii — recorded the least severe drop of 6.2%, according to RMI. It’s great to see the largest region drop less than most others, as that has a disproportionate impact on the overall industry,” Lunde told RMD.

Mortgages 380

Mortgages Seller concession Principal Loans 380

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced.

Mortgages 337

Mortgages Loan Officer Marketing Seller concession 337

HomeLight

NOVEMBER 1, 2021

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. Typical seller closing costs. Appraisal fee.

Closing costs 77

Closing costs Closing Seller concession Purchase and sale agreement 77

Housing Wire

OCTOBER 27, 2022

When borrowers show hesitancy due to high mortgage rates, loan officers work with options such as temporary rate buydowns, which allow homebuyers to receive lower mortgage rates at the start of their loan terms by using seller concessions as part of the payment. The 10-year note went to 4.04% from 4.14% in the same period.

Mortgages 373

Mortgages Fixed-rate mortgage Loan Officer Seller concession 373

The Close

DECEMBER 14, 2023

Commission Rate (%) Home Sale Price Submit When & Why GCI Can Get Complicated The basic GCI calculation is pretty simple, but several situations can impact this otherwise straightforward formula, including your split, seller concessions, and more. Bringing It All Together Do you track your GCI closely?

Agents 97

Agents Seller concession Brokerage Closing 97

Easy Agent Pro

SEPTEMBER 5, 2023

A larger deposit can give the seller confidence in your ability to close the deal and may make your offer more enticing compared to others. By considering creative incentives such as seller concessions or a flexible closing timeline, you can make your offer more appealing and increase your chances of securing the property.

Earnest money deposit 78

Earnest money deposit Seller concession Purchase and sale agreement Pre-approval 78

Real Trends

JULY 11, 2022

This is the traditional strategy, but in some cases their dollars can go further if they look in different areas that are close to their desired location. Concessions. You are your customer’s best advocate when it comes to evaluating seller concessions. Estimated closing costs. Timeline for closing.

Seller concession 79

Seller concession Closing costs Inspection Title search 79

Realty Biz

DECEMBER 5, 2022

Most of The Time, Having The Seller Make Repairs is a Mistake. It is usually best to ask the seller to adjust the price or give you a credit at closing. Those in the real estate industry refer to it as a seller concession.

Inspection 137

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 137

Real Trends

JANUARY 2, 2023

An increasing number of agents are exiting the industry because of these roller coaster conditions. There will be less price negotiation, more rate buy-downs and more seller concessions. Sellers may see the appeal of saving on realtor commissions when selling with an iBuyer. Staying the Course.

Seller concession 99

Seller concession Agents Mortgages Equity 99

RIS Media

FEBRUARY 17, 2022

iBuyer “prep and repairs” fees drop: Called a seller concession, they decreased in 2021 to an average of 3.1% The zavvie Seller Preferences Report , available for free at zavvie.com/seller-preferences , covers all the selling solutions available to U.S. For more information, visit zavvie.com.

Seller concession 98

Seller concession Loan contingency Mortgages Loans 98

Housing Wire

FEBRUARY 2, 2024

John Lunde Outreach to individual reverse mortgage originators has seemed to indicate a perceived rise in inbound inquiries, but inquiries do not always result in closed loans. There’s always been a seasonality to the industry where the holidays are significantly slower than immediately before and after.” billion. “The

Mortgages 379

Mortgages Seller concession Loans Finance 379

The Close

FEBRUARY 20, 2024

The post Buyer’s Market vs Seller’s Market: What’s the Difference? appeared first on The Close. The dark red areas notated on the map below have a severe housing shortage. Want more real estate statistics ? We’ve got you covered.

Marketing 95

Marketing Debt-to-income ratio MLS Pre-approval 95

HomeLight

JULY 14, 2021

Agent Jessica Smith , who is based in Alabama and has more than seven years’ experience in the industry, says that motivated sellers will take care of the smoke problem before they put the house on the market. “If Smith cautions that seller concessions heavily depend on the market.

Seller concession 108

Seller concession Agents As-is Staging 108

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Connie Kim: There seems to be optimism in the mortgage industry at the start of the new year. How have the first two weeks of January been?

Pre-approval 393

Pre-approval Marketing Seller concession Mortgages 393

HomeLight

APRIL 17, 2024

Both promise to buy your home for cash, and close quickly. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. They also offer a home listing option for home sellers. Like Opendoor, they also offer a home listing option for sellers.

Seller concession 99

Seller concession Inspection Rent back Closing 99

HomeLight

DECEMBER 2, 2021

We detail what costs you’re likely to incur and what sellers pay on average. 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. Cost to seller.

Seller concession 113

Seller concession Staging Inspection Renovation 113

HomeLight

APRIL 11, 2023

For this reason, many industry publications will advise that you buy in January or February for a better price. In addition, Colorado’s tourism industry saves every Colorado household $670 in annual taxes due to the state and local taxes paid by visitors. When is the best time of year to buy a house in Colorado?

Fixed-rate mortgage 88

Fixed-rate mortgage Seller concession Agents Sales 88

HomeLight

APRIL 11, 2023

For this reason, many industry publications will advise that you buy in January or February for a better price. Valerie Caro Real Estate Agent Close Valerie Caro Real Estate Agent at Flagstaff Top Producers Real Estate 5.0 We’re starting to see closing cost concessions, so that’s a way to build value into an offer,” Caro says.

Purchase and sale agreement 85

Purchase and sale agreement Agents Seller concession Inspection 85

HomeLight

NOVEMBER 30, 2022

When you choose well, your real estate agent will be your guide as you find your perfect home and make it to the closing table. Attending the closing and ensuring it goes smoothly. Some examples are urging you to look at homes outside of your price range, or advising you away from a co-op because they’re more difficult to close on.

Agents 109

Agents Purchase and sale agreement Technology Seller concession 109

HomeLight

APRIL 14, 2023

Using the information you provide about your home along with local neighborhood data, we’ll get you a no-obligation cash offer that will allow you to close in as little as 10 days. Receive your offer within a week and close in as little as 10 days. Sellers can also leave behind anything they don’t want. The company has 4.6

Sales 85

Sales Due diligence Agents Closing 85

Redfin

DECEMBER 27, 2023

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). Generally, our market favors sellers, but it depends on the listing,” he says. a Redfin company. In May, the number of active listings dropped to 1.4

Marketing 62

Marketing Mortgages Investor New Construction 62

HomeLight

SEPTEMBER 10, 2022

Wiggs is an expert in the industry, working with 70% more single-family homes than the average Yonkers area agent. Closing costs that add up – such as HOA fees, property and transfer taxes, title insurance. Simple Sale sellers have the ability to close in as little as 10 days. Get a Free Home Value Estimate.

Closing costs 94

Closing costs Agents Seller concession Closing 94

HomeLight

APRIL 26, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Filter by “sold.”

MLS 69

MLS Agents Sales Proof of funds 69

HomeLight

MARCH 13, 2022

We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then split 50/50 with the buyer’s agent. Navigate to Zillow.

MLS 97

MLS Agents Mortgage pre-approval letter Sales 97

HomeLight

APRIL 27, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Filter by “sold.”

MLS 83

MLS Agents Sales Mortgage pre-approval letter 83

HomeLight

MAY 1, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Filter by “sold.”

MLS 76

MLS Agents Sales Mortgage pre-approval letter 76

HomeLight

MAY 1, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 5% to 6% of the sale price, which is then most often split 50/50 with the buyer’s agent.

MLS 73

MLS Agents Mortgage pre-approval letter Sales 73

HomeLight

MAY 25, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Filter by “sold.”

MLS 85

MLS Pre-approval Agents Sales 85

HomeLight

APRIL 27, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Filter by “sold.”

MLS 67

MLS Agents Sales Mortgage pre-approval letter 67

HomeLight

OCTOBER 11, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Transactions.

MLS 99

MLS Purchase and sale agreement Pre-approval Agents 99

HomeLight

NOVEMBER 10, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Filter by “sold.”

Purchase and sale agreement 87

Purchase and sale agreement MLS Agents Pre-approval 87

HomeLight

NOVEMBER 21, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent. Transactions.

MLS 87

MLS Agents Sales Land 87