Housing Wire

APRIL 8, 2024

Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% to 2,058 loans in March, an increase helped by new case numbers and slightly telegraphed by recent industry sentiments, according to data compiled by Reverse Market Insight (RMI). and even HECM-to-HECM refinances jump by 8.8%.

Mortgages 440

Mortgages Seller concession Loans Equity 440

Lighter Side of Real Estate

APRIL 29, 2025

But the reality is, in many areas and price ranges, the market is adjustingand its important to understand what those changes mean, and what they dont. What Is a Seller Concession? during the first quarter of 2025 included some form of seller concession. But what exactly is a seller concession?

Seller concession 90

Seller concession Closing costs Closing Inspection 90

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% to 1,900 loans in February, a drop telegraphed by lagging case numbers and sluggish endorsement activity in January, according to data compiled by Reverse Market Insight (RMI). No pressure, really — the Ginnie Mae market is very liquid,” he said.

Mortgages 449

Mortgages Seller concession Principal Loans 449

Housing Wire

FEBRUARY 2, 2024

With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. HECM volume, inbound inquiries HECM endorsements fell on a per-unit basis by 1.7%, according to RMI , to 2,153 loans for the month of January.

Mortgages 417

Mortgages Seller concession Loans Finance 417

Housing Wire

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

Agents 417

Agents Seller concession Closing costs Mortgages 417

Redfin

JANUARY 10, 2025

Deciding when to sell your home is a major decision that can be influenced by many factorsfinancial, personal, and market-driven. Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions.

Seller concession 59

Seller concession Equity Closing costs Renovation 59

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? How is home equity calculated?

Equity 35

Equity Loans Seller concession Short sale 35

HomeLight

DECEMBER 2, 2021

In this guide, we dive deep into what costs sellers should expect to pay. Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. We detail what costs you’re likely to incur and what sellers pay on average. Cost to seller. Seller concessions.

Seller concession 122

Seller concession Staging Inspection Renovation 122

Redfin

JUNE 9, 2025

This is a common challenge in competitive housing markets, where roughly 8% of home appraisals come in below the contract price. This is particularly prevalent in real estate markets like Los Angeles, CA , Austin, TX , or Chicago, IL , where bidding wars often drive prices above the appraised value.

Purchase and sale agreement 48

Purchase and sale agreement Seller concession Equity Finance 48

The Mortgage Report

JULY 1, 2025

These numbers indicate that buyers nowadays are feeling the pinch of today’s market. Economic uncertainties like tariffs, potential recession risks, and the current housing market also play a role.” VA home loans rose to 7.2% of mortgaged home sales, their highest April level marked since 2020.

Loans 40

Loans VA loan FHA loan FHA 203k rehab loan 40

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. Using recent sales records, market trends, and your home’s latest selling price, HomeLight’s Home Value Estimator provides a preliminary range of value for your property in under two minutes.

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

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 82

Seller concession Renovation Closing costs Equity 82

Realty Biz

MAY 24, 2021

Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. To cover closing costs, negotiate a seller concession. For a tidy profit margin. But “simple” doesn’t mean “easy.” What it doesn’t take is much money.

Earnest money deposit 124

Earnest money deposit Hard money loan Seller concession Investor 124

Real Trends

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

Agents 105

Agents Seller concession Closing costs Mortgages 105

HomeLight

APRIL 14, 2023

Your California dream home has just come on the market, and you’re eager to make an offer. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. So if you’ve got enough equity in your home, you won’t have to worry about coming up with cash at closing.

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

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. Below are trends, data points, and visuals that defined the 2023 housing market. The market was extraordinary; it felt hot, even though very few homes changed hands.”

Marketing 66

Marketing Mortgages Investor New Construction 66

HomeLight

SEPTEMBER 30, 2021

According to California real estate agent Ed Kaminsky , an appraisal is a “verification process” that the market did its job and the market value for your home is accurate. They’ll find at least three homes, Kaminsky says, that are similar in size, age, location, and condition to compare sale prices and evaluate market conditions.

Pre-approval 98

Pre-approval Seller concession Finance Banks 98

Redfin

JUNE 10, 2025

This can create a significant hurdle in real estate transactions, particularly for those navigating the market with Redfin’s platform and agents. This guide offers clear, actionable steps and tailored insights for both buyers and sellers facing an appraisal challenge.

Purchase and sale agreement 31

Purchase and sale agreement Seller concession Finance Closing costs 31

HomeLight

FEBRUARY 25, 2022

The key thing for people to do is to gain knowledge of their market,” says Studebaker. Life happens, but there are options other than selling to help you build up enough equity in your home before putting it on the market. In a seller’s market, being knowledgeable on the tax implications is more important than ever.

Seller concession 111

Seller concession Closing costs Inspection Agents 111

HomeLight

APRIL 17, 2024

Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Request Offer Editors note: Opendoor and Offerpad provide an option to list your home on the market. They also estimate 1% in seller concessions if you list with them, but there’s no cancellation fee.

Seller concession 115

Seller concession Inspection Rent back Closing 115

Realty Biz

SEPTEMBER 4, 2023

Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. To cover closing costs, negotiate a seller concession. For a tidy profit margin. But “simple” doesn’t mean “easy.” What it doesn’t take is much money.

Earnest money deposit 85

Earnest money deposit Hard money loan Seller concession Investor 85

HomeLight

SEPTEMBER 10, 2022

Of course, the biggest question on your mind is: Has the housing market held strong enough to actually see your home appreciate in value so you won’t lose money? According to Wiggs, even the active New York market has cooled down since last year. Our market is shifting a little bit, right? Get Estimate.

Closing costs 111

Closing costs Agents Seller concession Closing 111

HomeLight

OCTOBER 11, 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 Iowa real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 111

Purchase and sale agreement MLS Pre-approval Agents 111

HomeLight

MARCH 13, 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. Recently, a blazing hot real estate market and steep rise in equity adds extra incentive to maximize profits.

MLS 105

MLS Agents Mortgage pre-approval letter Sales 105

HomeLight

AUGUST 28, 2020

We spoke with John Boyles, Head of Capital Markets at HomeLight, to walk us through the finer points of mortgage points. That extra MI cost could override any savings you’d see from discount points — at least until you hit 20% equity on your home, and get rid of your MI payments. Here’s what you need to know. What are discount points?

Mortgages 98

Mortgages Loan Officer Loans Seller concession 98

HomeLight

OCTOBER 11, 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 Michigan real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 110

Purchase and sale agreement MLS Agents Sales 110

HomeLight

DECEMBER 8, 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 Washington State real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Inspection 105

HomeLight

SEPTEMBER 30, 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 Wisconsin real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

HomeLight

OCTOBER 1, 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 Ohio real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 111

MLS Pre-approval Agents Sales 111

HomeLight

APRIL 13, 2023

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 previously hot Kansas real estate market and a steep rise in equity added extra incentives to maximize profits.

MLS 105

MLS Agents Sales Mortgage pre-approval letter 105

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 110

Purchase and sale agreement MLS Seller disclosure Agents 110

HomeLight

NOVEMBER 21, 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 Louisiana real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Land 105

HomeLight

DECEMBER 6, 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 Oregon real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Inspection 105

HomeLight

DECEMBER 13, 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 Virginia real estate market and a steep rise in equity added extra incentives to maximize profits.

Purchase and sale agreement 105

Purchase and sale agreement MLS Agents Sales 105

Redfin

JUNE 28, 2022

The main concern is that having a home on the market longer than a few weeks can indicate to other homebuyers that there may be a problem with the house. Marketing and showing your home. In the face of a strong seller’s market , the prospect of selling for top dollar may be too good to pass up for some. Mistakes to avoid.

Staging 63

Staging Renovation Closing costs Agents 63

HomeLight

NOVEMBER 23, 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 West Virginia real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 104

MLS Agents Sales Closing 104

HomeLight

DECEMBER 6, 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 New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 103

Purchase and sale agreement MLS Pre-approval Agents 103