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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans.

Finance 419
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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

VA loan 438
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How to Beat a Contingent Offer on the House You Want

HomeLight

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Limit or eliminate seller concession requests When crafting an offer that stands out, minimizing or completely avoiding requests for seller concessions can significantly boost your chances.

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Reverse mortgage volume, HMBS issuance fall slightly in January

Housing Wire

The other two big things that originators are more in control of is orienting their efforts toward purchase business now that HECM offers similar seller concessions as competing forward loans, which is huge, and working with advisers to develop relationships with mutually beneficial referrals.”

Mortgages 343
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GCI: What It Is & Why It Matters to Every Real Estate Agent

The Close

Commission Rate (%) Home Sale Price Submit When & Why GCI Can Get Complicated The basic GCI calculation is pretty simple, but several situations can impact this otherwise straightforward formula, including your split, seller concessions, and more. In this situation, that 6% commission is divided between two parties.

Agents 96
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What to Know About Selling a House in Austin, Texas

HomeLight

Possible seller concessions in Austin. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Austin agents will tell you that a lower price is better than a seller concession. Seller concessions. $0-$19,500.

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The Cons of Single-Agent Dual Agency Far Outweigh the Pros

Realty Biz

Dual agency can be defined as when two agents working for the same company each represent a buyer and seller. It is called a designated agency. When the home inspection takes place, and you need counseling on what, if anything, to have the seller remedy or provide a seller concession, you can get that advice.

Agents 86