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New Study Finds Seller’s Market May Shift in 2021

Realty Biz

Prices for new home construction are also up (21%) as home builders raised their prices due to demand and soaring costs of materials coupled with supply chain issues. Make the strongest above-ask offer you can make, cash if possible, and free of seller concessions or other contingencies. Advice for buyers?

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

HomeLight

Unless they’re buying brand-new construction , buyers consider your home “used” and wonder how soon they’ll have to replace or repair something, such as a major appliance. Sellers typically pay between 6%-10% of the final sale price in closing costs to cover: Agent commissions. Seller concessions. Prorated property taxes.

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Are Mortgage Points a Good Deal for Buyers? What You Need

HomeLight

I’ve never purchased a home without the seller paying at least 3%,” he adds. In fact, Boyles says it’s common for builders to offer points for new constructions as a way to incentivize buyers. A seller concession may be the best of both worlds for the savvy homebuyer. Plus, it rarely hurts to ask!

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How Much Are Closing Costs in California?

HomeLight

Agent commissions take the largest chunk out of the seller’s profits. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. But Navarro cautions that seller concessions vary by county in California because the real estate markets differ. “In

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What Costs Are Involved in Selling My House?

HomeLight

Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. For example, if a home inspection uncovers plumbing problems or electrical hazards, the sellers might offer the buyers a credit rather than spend the money to fix the problem before closing. Seller concessions.

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

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). New construction fell as builders were left stuck with inflated inventory There were 1.41 Experts predict new construction will continue rising into next year.

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Sell Your House Fast in Miami: Expert Strategies for a Quick Sale

HomeLight

This process takes away the stress and uncertainty that comes with listing your home traditionally and dealing with buyers who come with contingencies and want seller concessions. HomeLight was founded in 2012 and is BBB accredited with an A+ rating. The company has 4.6 stars on Google based on more than 500 user reviews.

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