Real Trends

JANUARY 2, 2023

You can remind your clients that paying rent is still paying a mortgage —just someone else’s. For example, homes priced at $600,000 and below are most influenced by mortgage rates. There will be less price negotiation, more rate buy-downs and more seller concessions.

Seller concession 99

Seller concession Agents Mortgages Equity 99

HomeLight

DECEMBER 2, 2021

One item of note: We don’t include your mortgage loan payoff in our cost estimate, so keep in mind that you have to pay off any outstanding home loan balances when you sell. Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. Seller concession. Percentage of home value.

Seller concession 120

Seller concession Staging Inspection Renovation 120

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? compared to 5.2%).

Marketing 62

Marketing Mortgages Investor New Construction 62

HomeLight

JUNE 29, 2022

Agents use the same factors as a home appraiser because they know that if your house fails to appraise appropriately, a buyer may not get a mortgage on it, and the sale could fall through. If the appraiser says that your home’s market value is less than the offer price, the buyers can negotiate the price down or back out of the sale.

MLS 109

MLS Seller concession Agents Sales 109

HomeLight

JULY 25, 2022

Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. The market is the largest driver of price,” Gore says. In a seller’s market , prices typically rise, which could effectively boost equity in your home and increase appreciation.

Closing costs 109

Closing costs Equity Short sale Agents 109

HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. You can build equity and lower your tax burden.”.

Closing costs 108

Closing costs Equity Short sale Sales 108

HomeLight

OCTOBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Pennsylvania real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 108

Purchase and sale agreement MLS Seller disclosure Agents 108