Closing Loan contingency Loans Seller concession 
RIS Media
FEBRUARY 17, 2022
According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. iBuyer “prep and repairs” fees drop: Called a seller concession, they decreased in 2021 to an average of 3.1% submitted offers before successfully purchasing a home.
HomeLight
MARCH 23, 2022
But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. When underwriting is completed before you make an offer on a house, it can speed up the closing process, making your offer more attractive to sellers. Leslie Peterson. Real Estate Agent.
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