Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgages 384

Mortgages Equity Loans Seller concession 384

Housing Wire

APRIL 8, 2024

Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% The actual breakout of numbers also paints a telling picture, since March saw new borrower (or “equity takeout”) originations rise by 10.7%, HECM for Purchase (H4P) endorsements increase by 15.1% and even HECM-to-HECM refinances jump by 8.8%.

Mortgages 343

Mortgages Seller concession Loans Equity 343

Realty Biz

JULY 31, 2023

The idea is that you create enough equity when you renovate the property to then take a cash-out refinance once renovations are finished. Negotiate a Seller Concession As my grandfather taught me growing up, you don’t get what you deserve in life; you get what you negotiate. Not all sellers will consider it, of course.

Seller concession 80

Seller concession Closing costs Renovation Equity 80

Realty Biz

SEPTEMBER 4, 2023

Partner with Deep Pockets If you don’t have much money, but want to get started in real estate investing, partner with an experienced investor and offer to do all the gopher work. Partnering with an experienced real estate investor makes a great way to learn the ropes, and to learn how to avoid common pitfalls that swallow most new investors.

Earnest money deposit 85

Earnest money deposit Seller concession Investor Hard money loan 85

Realty Biz

MAY 24, 2021

If you don’t have much money, but want to get started in real estate investing, partner with an experienced investor and offer to do all the gopher work. Partnering with an experienced real estate investor makes a great way to learn the ropes, and to learn how to avoid common pitfalls that swallow most new investors.

Earnest money deposit 126

Earnest money deposit Seller concession Investor Hard money loan 126

HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Decluttering can be done for the cost of sweat equity, though some sellers may need to anticipate costs for junking and storage. For example, if a buyer puts less than 10% down, then the concession max is 3%.

Seller concession 107

Seller concession Purchase and sale agreement Inspection Title 107

Redfin

DECEMBER 27, 2023

“Looking ahead, whether interest rates will fall depends on two things: the strength and resiliency of the economy, and consumer behavior,” notes Matt Birdseye, Executive Vice President at Bay Equity , a Redfin company. In fact, by November, more than one-third of all home sellers gave concessions – down from the record 45.6%

Marketing 64

Marketing Mortgages Investor New Construction 64