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Survey Finds Seller Concessions Are Making a Comeback in Some Markets

RIS Media

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email.

Agents 529
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How Much Does It Cost to Sell a House?

Redfin

Your realtor uses the MLS to obtain information on three or four homes currently on the market or those that have recently sold in your neighborhood. Home seller concessions . The buyer includes their request for concessions in their initial offer and becomes part of the negotiation process. . Any seller concessions.

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What are the Pros and Cons of Flat Fee Real Estate Brokers?

HomeLight

While sellers can save money on that side of the transaction, he cautions that they’re still paying the buyer’s agent commission of 2%-3% at closing. When it’s time to negotiate, they’ll know which seller concessions are common in your market. And they could rush through negotiations just to close the sale and move on.

MLS 89
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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. It’s easy to sketch out an area in the MLS and do some quick napkin math to find out the months of inventory. The first would be your local MLS.

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Your Dream Home Appraised Lower than Your Offer: Now What?

HomeLight

So, given 78% of buyers financed their purchase in August 2021 , there’s a good chance you will encounter an appraisal at some point before closing. If they are unwilling to budge on price, you can also renegotiate seller concessions. MLS printouts of these comps with sales data and seller concessions.