HomeLight

NOVEMBER 1, 2021

To explore the potential drawbacks of paying for buyer closing costs as the seller, we spoke with Tara Limbird , an Arkansas-based agent who heads a team of real estate pros that was nationally ranked at the top one half of 1% of Realtors®. Buyers and sellers generally pay for their own closing costs — but everything’s negotiable.

Closing costs 71

Closing costs Closing Seller concession Purchase and sale agreement 71

Realty Biz

DECEMBER 7, 2022

Although replacing the roof may seem like a logical course of action, it may be more beneficial to negotiate a seller's concession with the home buyer. It is not unusual to be able to get a buyer to take a reduced concession off the price of the house or as a credit vs. doing a roof replacement.

Seller concession 99

Seller concession Inspection As-is Development 99

Housing Wire

FEBRUARY 2, 2024

“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 382

Mortgages Seller concession Loans Finance 382

The Close

FEBRUARY 20, 2024

Think: school districts, local amenities, or economic development. Once you dig into certain neighborhoods, you’ll find that some have much cooler markets than others. There are lots of reasons for this. This is why a local market analysis is extremely important for agents.

Marketing 91

Marketing Debt-to-income ratio MLS Pre-approval 91

HomeLight

SEPTEMBER 14, 2022

If new housing developments offer first-time buyer down payment assistance or a fixed interest rate, those options could lure buyers away. Hire a top agent who really understands your market and has the experience to develop a winning strategy. The more you know about the various incentives will help you compete in the market.

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Marketing Inspection Staging Seller concession 106

HomeLight

JANUARY 29, 2021

Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. Seller concessions. See this state by state guide for details.

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Closing costs Closing Seller concession Title search 98

HomeLight

MAY 31, 2022

Census Bureau and the Department of Housing and Urban Development (HUD), new home sales fell 16.6% Seller concessions: Incentives to encourage buyers to close the deal. Seller concessions: $1,875 (0.5%). Seller concessions. That balance is shifting. According to the U.S. Recording fees. Attorney fees.

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Seller concession Closing costs Staging Sales 122

HomeLight

OCTOBER 30, 2020

However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.” You’ll also need to factor in any fees for staging and preparing the house for sale, your real estate agent commission , closing fees, seller concessions, and moving costs.

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Short sale Banks Equity Mortgages 105

Redfin

JUNE 28, 2022

Seller concessions. Sell to an investor: Another option is selling to a developer or a real estate investor. In addition to real estate commissions, you may also have to pay for: Repair and renovation. Landscaping and lawn care. Home staging, photographs, and cleaning services. Transition and overlap costs. Potential tax bill.

Staging 62

Staging Renovation Closing costs Agents 62

HomeLight

APRIL 14, 2023

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

Closing costs 87

Closing costs Closing Purchase and sale agreement Title 87

HomeLight

JULY 12, 2022

Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. Because of their potential to endanger the sale and the strength of the current sellers’ market, Kennedy says, “A lot of sellers aren’t willing to absorb those costs.”. Seller concessions.

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Seller concession Closing costs Renovation Title search 93

HomeLight

JUNE 29, 2022

The sold price also may fail to reflect any seller concessions , or money the sellers had to pay to repair the garage, replace the carpet, or cover the buyer’s fees at closing. County records typically don’t indicate if any seller concessions were involved, such as credits for repairs or closing costs.

MLS 109

MLS Seller concession Agents Sales 109

HomeLight

MARCH 19, 2022

Develop a plan to achieve your selling goals. Few (or zero) repair requests, contingencies , or seller concessions. Develop an effective pricing strategy. Find Agent. The buyer’s financial health (mortgage pre-approval, down payment size, etc.). An all-cash offer. Source: (Anouk Doe / Pexels).

Closing 90

Closing Due diligence Agents Staging 90

HomeLight

AUGUST 25, 2020

Seller concessions (2% – 6%). Bill Samuel, a property investor and owner of Blue Ladder Development , offers up a real-world example: A home purchased in June of 2020 for $246,000 will cost the buyer $5,145 in transaction fees (title, attorney, transfer stamps, etc.) A possible second set of closing costs if buying a new home.

Principal 69

Principal Equity Seller concession Title 69

HomeLight

NOVEMBER 30, 2022

I think the biggest thing is developing that relationship through the interview. Other ways agents can help with affordability, he says, is coming up with other possible solutions such as buying down the interest rate, negotiating seller concessions, and encouraging saving more for the down payment. Gauge connections.

Agents 111

Agents Purchase and sale agreement Technology Seller concession 111

HomeLight

MAY 28, 2021

While deals and seller concessions may be tough to come by, there are a few things you can do to make a competitive offer. Homes here tend to be mid- to high-rise condominium developments and single-family homes. Like many beach towns across the country, the market in Myrtle Beach is hyperlocal and competitive.

Inspection 64

Inspection Seller concession Pre-approval Agents 64

HomeLight

OCTOBER 14, 2022

Any known issues related to preferential assessment, development or property rights. Not having agent representation could also lead to paying more in seller concessions. What equipment and appliances will/may be sold with the property and known issues. Questions related to the fill or expansive soil on the property.

Purchase and sale agreement 86

Purchase and sale agreement MLS Seller disclosure Agents 86

HomeLight

DECEMBER 13, 2022

Not having agent representation could also lead to paying more in seller concessions. Whether the property is subject to a community development authority. Marketing your home is time-consuming. You’ll still have selling costs, which may include transfer taxes and settlement fees.

Purchase and sale agreement 83

Purchase and sale agreement MLS Agents Sales 83