Days on market Mortgages Seller concession Short sale 
HomeLight
JULY 25, 2022
Deduct your outstanding mortgage balance and any costs of selling you incurred (such as real estate commission, closing costs, title fees, repairs, prep, and staging). Forgiven debt can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Seller concessions (2%-6%).
HomeLight
JULY 25, 2022
Like any investment, you don’t get profit if you hold it a short time.”. Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. You’ll need a knowledgeable agent familiar with your market to help guide you.
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