article thumbnail

Selling your home? Make sure you’re aware of hidden costs

Housing Wire

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Home improvements and renovations are also important to buyers. Seller Concessions. A concession is when the seller agrees to pay part of a buyer’s closing costs.

article thumbnail

What is a 2-1 temporary rate buydown?

Housing Wire

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. How does a 2/1 rate buydown work? What are the pros and cons?

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is a home appraisal gap?

Housing Wire

Four renovations to consider before selling your house. Ask for seller concessions to make up for the increased price. Change your closing date to a more convenient one for the seller. But what does it mean for you as the buyer? Well, there are two scenarios you could find yourself in.

article thumbnail

A 2-1 temporary rate buydown can help you with on-the-fence buyers

Real Trends

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. How does a 2/1 rate buydown work? What are the pros and cons?

article thumbnail

11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

We’re here to help you prioritize the big stuff with these recommendations for impactful pre-listing tasks that will resonate with buyers, plus a suggestion for materials and paperwork to gather now to help prevent closing delays. Make sure the windows open and close, and repair any that stick. Gather repair and renovation records.

article thumbnail

A Guide On How To Sell Your House Fast

Redfin

It costs close to ten percent of a house’s selling price to sell your home. In addition to real estate commissions, you may also have to pay for: Repair and renovation. Seller concessions. You’ll also need to consider closing costs on your new house, typically three percent of the purchase price.

Staging 61
article thumbnail

16 Tips to Win a Bidding War on a House

The Close

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. That showed the sellers that my clients were more invested and serious about purchasing the home. That way, you can give them the time to move stress-free.