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New Study Finds Seller’s Market May Shift in 2021

Realty Biz

Great news for homeowners in terms of increased home equity (an average gain of $26,300 per homeowner), not great for affordability, particularly for first-time homebuyers who typically look to buy at the lower end of the market, where current inventory is the most limited. . Of those sellers, 77% say they plan to sell sometime in 2021.

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What Costs Are Involved in Selling My House?

HomeLight

An overview of expenses sellers typically encounter includes: home repairs, staging, and other prep work. concessions to the buyer made in the course of negotiations. Repairs and renovations. Research shows sellers usually recoup about 50% to 70% spent on major renovations. Seller concessions.